Mayank Cattle Food Limited share price target 2024, 2025, 2026 to 2030

In this article, we delve into a comprehensive analysis of Mayank Cattle Food Limited share price targets for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About

Mayank Cattle Food Limited was established in 1998 with the aim of venturing into the manufacturing of Maize Oil (Non-edible) and Maize Cake (Cattle Feed). The manufacturing process involves the procurement of Maize Germ, followed by mechanized expelling, packaging, and distribution of both Maize Oil and Maize Cake.

With a diverse customer base, the company serves various states, including Gujarat, Delhi, and Maharashtra. It utilizes multiple channels to market its products, such as marketing agents, brokers, and direct sales to consumers. This strategic approach ensures widespread access and distribution of high-quality products to effectively meet the needs of customers.

Founded	April 21, 1998
Listing Date	05 Feb 2024
Managing Director	Mr. Bharat Vachhani
Sector	Food – Animal
Headquarters	Rajkot, Gujarat
Official Website	mayankcattlefood.com

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Financial Details

As of February 6, 2024, the market capitalization of the company stands at ₹63.2 crores. The stock’s price-to-earnings (P/E) ratio is reported at 51.8, indicating a relatively high valuation compared to earnings.

The Return on Capital Employed (ROCE) is recorded at 12.4%, suggesting the company’s efficiency in generating profits from its capital investments. Meanwhile, the Return on Equity (ROE) stands at 29.7%, reflecting the company’s profitability in relation to shareholder equity.

The debt-to-equity ratio is quite high at 8.32, indicating a significant reliance on debt financing. The total debt of the company amounts to ₹39.6 crores.

Promoter holding constitutes 65% of the company’s ownership, while public holding accounts for 35%. Earnings per share (EPS) are reported at ₹65.5.

However, there has been a slight decline in sales growth, with a negative growth rate of -4.14%.

This suggests challenges in expanding revenue streams. Overall, while the company demonstrates strong profitability metrics and promoter confidence, its high debt levels and declining sales growth may warrant closer scrutiny and strategic adjustments for sustained performance in the future.

Market Cap	₹ 63.2 Cr	Stock P/E	51.8
ROCE	12.4 %	ROE	29.7 %
Debt to equity	8.32	Debt	₹ 39.6 Cr
Promoter Holding	65%	Public Holding	35%
EPS	₹ 65.5	Sales Growth	-4.14 %

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Financial Statement

As of February 6, 2024, the net sales for the years 2023, 2022, and 2021 were ₹309 crores, ₹322 crores, and ₹186 crores respectively. Meanwhile, expenses stood at ₹302 crores, ₹318 crores, and ₹182 crores for the same years. Consequently, the profit after tax amounted to ₹2 crores for 2023, ₹1 crore for 2022, and ₹1 crore for 2021.

Analyzing the financial data presented, it’s evident that there has been a slight decrease in net sales from 2022 to 2023, with a more notable decrease when compared to 2021. Similarly, expenses have also decreased over the same period. Despite these reductions, the profit after tax has remained relatively stable, albeit with a slight increase in 2023 compared to the previous two years.

Particulars	2023	2022	2021
Net Sales	309	322	186
Expenses	302	318	182
Profit After Tax	2	1	1

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Table of Mayank Cattle Food Share Price Target

As of 06 Feb 2024, Mayank Cattle Food closed at ₹117 plumped more than 2.12%. We are going to forecast the stock price based on the funamental analysis and market conditions.

Company has very high debt to equity ratio it might cause the company to fail in the future. So the upcoming price target are not going to be great.

Year	Min Target	Max Target
2024	₹132	₹148
2025	₹156	₹172
2026	₹181	₹197
2027	₹206	₹224
2028	₹236	₹245
2029	₹256	₹276
2030	₹291	₹314

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Mayank Cattle Food Share Price Target 2024:

• Minimum Target: ₹132
• Maximum Target: ₹148

In the upcoming year, the company is anticipated to maintain a price range between ₹132 and ₹148

Mayank Cattle Food Share Price Target 2025:

• Minimum Target: ₹156
• Maximum Target: ₹172

Moving into 2025, the projected price range widens, reaching between ₹156 and ₹172.

Mayank Cattle Food Share Price Target 2026:

• Minimum Target: ₹181
• Maximum Target: ₹197

Further into the future, specifically in 2026, the anticipated price range expands to ₹181 to ₹197.

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Mayank Cattle Food Share Price Target 2027:

• Minimum Target: ₹206
• Maximum Target: ₹224

By 2027, the company’s share price is expected to aim for a range of ₹206 to ₹224.

Mayank Cattle Food Share Price Target 2028:

• Minimum Target: ₹236
• Maximum Target: ₹245

Looking ahead to 2028, the minimum and maximum targets extend to ₹236 and ₹245, respectively.

Mayank Cattle Food Share Price Target 2029:

• Minimum Target: ₹256
• Maximum Target: ₹276

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹256 and ₹276.

Mayank Cattle Food Share Price Target 2030:

• Minimum Target: ₹291
• Maximum Target: ₹314

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹291 to ₹314.

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Positive and Negative Points of Mayank Cattle Food Ltd

Positive:

• The company’s Return on Equity (ROE) surpasses the industry average of 13%.
• Its Earnings per Share (EPS) also outperforms the industry standard of 7.68.

Negative:

• The company exhibits a high debt-to-equity ratio.
• There is a lack of institutional investor involvement, signaling potential drawbacks.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.

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