Megatherm Induction Limited share price target 2024, 2025, 2026 to 2030

In this article, we delve into a comprehensive analysis of Megatherm Induction Limited share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About

Megatherm Induction specializes in manufacturing induction heating and melting products. Their range includes furnaces and heating equipment for steel melt shops. They offer turnkey solutions, covering design, engineering, supply, erection, and after-sales service. Their clientele spans secondary and primary steel producers, auto ancillaries, ordnance factories, railways, and engineering industries.

Founded	2010
NSE Sybmol	MEGATHERM
CEO & MD	Shesadri Bhusan Chanda
Sector	Engineering
Headquarters	Kolkata
Official Website	megatherm.com

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Financial Details

As of February 6, 2024, the market capitalization of the company stands at ₹411 crores. The stock’s price-to-earnings (P/E) ratio is reported at 29.4, indicating its valuation relative to earnings.

Return on Capital Employed (ROCE) is recorded at 30.1%, highlighting the efficiency with which the company generates profits from its capital investments. Similarly, the Return on Equity (ROE) stands at 32.1%, reflecting the company’s profitability in relation to shareholder equity.

The debt-to-equity ratio is relatively low at 0.77, suggesting a balanced level of debt in comparison to equity. The total debt of the company amounts to ₹44.8 crores.

Foreign Institutional Investor (FII) holding constitutes 4.31% of the company’s ownership, while Domestic Institutional Investor (DII) holding accounts for 3.94%.

Earnings per share (EPS) are reported at ₹15.17, indicating the company’s profitability on a per-share basis.Furthermore, there has been significant sales growth, with a growth rate of 41.6%, indicating the company’s ability to expand its revenue streams.

Overall, the company demonstrates strong financial metrics, including robust profitability, manageable debt levels, and substantial sales growth, which may attract investor interest and contribute to future growth prospects.

Market Cap	₹ 411 Cr	Stock P/E	29.4
ROCE	30.1 %	ROE	32.1 %
Debt to equity	0.77	Debt	₹ 44.8 Cr.
FII Holding	4.31%	DII Holding	3.94%
EPS	15.17	Sales growth	41.6%

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Financial Statement

As of February 6, 2024, the net sales for the years 2023, 2022, and 2021 were ₹266 crores, ₹188 crores, and ₹109 crores respectively. Correspondingly, expenses totaled ₹238 crores, ₹179 crores, and ₹96 crores for the same years. Consequently, the profit after tax amounted to ₹14 crores for 2023, ₹1 crore for 2022, and ₹3 crores for 2021.

The most striking observation is the substantial fluctuation in profit after tax. While there was a significant increase in 2023 compared to the previous year, the profit in 2022 was unusually low. This could be due to various factors such as one-time expenses, changes in market conditions, or operational challenges.

Particulars	2023	2022	2021
Net Sales	266	188	109
Expenses	238	179	96
Profit After Tax	14	1	3

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Table of Megatherm Induction Share Price Target

As of 06 Feb 2024, Megatherm Induction share price closed at ₹218, marking a gain of 4.98%.

Year	Min Target	Max Target
2024	₹318	₹378
2025	₹397	₹489
2026	₹520	₹598
2027	₹612	₹685
2028	₹703	₹794
2029	₹825	₹912
2030	₹1,002	₹1,145

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Megatherm Induction Share Price Target 2024:

• Minimum Target: ₹318
• Maximum Target: ₹378

In the upcoming year, the company is anticipated to maintain a price range between ₹318 and ₹378

Megatherm Induction Share Price Target 2025:

• Minimum Target: ₹397
• Maximum Target: ₹489

Moving into 2025, the projected price range widens, reaching between ₹397 and ₹489.

Megatherm Induction Share Price Target 2026:

• Minimum Target: ₹520
• Maximum Target: ₹598

Further into the future, specifically in 2026, the anticipated price range expands to ₹520 to ₹598.

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Megatherm Induction Share Price Target 2027:

• Minimum Target: ₹612
• Maximum Target: ₹685

By 2027, the company’s share price is expected to aim for a range of ₹612 to ₹685.

Megatherm Induction Share Price Target 2028:

• Minimum Target: ₹703
• Maximum Target: ₹794

Looking ahead to 2028, the minimum and maximum targets extend to ₹703 and ₹794, respectively.

Megatherm Induction Share Price Target 2029:

• Minimum Target: ₹825
• Maximum Target: ₹912

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹825 and ₹912.

Megatherm Induction Share Price Target 2030:

• Minimum Target: ₹1,002
• Maximum Target: ₹1,145

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹1,002 to ₹1,145

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Positive and Negative Points of Megatherm Induction Ltd

Positive:

• The Return on Capital Employed (ROCE) of 30.13 exceeds the industry average of 21.89.
• The Return on Equity (ROE) of 32.13 surpasses the industry average of 19.87.

Negative:

• Promoter holding experienced a decrease of 26.2% over the last quarter.

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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