Nova Agritech Ltd Share Price Target 2024, 2025, 2026, 2027 to 2030

In this article, we delve into a comprehensive analysis of Nova Agritech Ltd 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

Specializing in the agriculture sector, Nova AgriTech offers comprehensive solutions encompassing soil health management, crop nutrition products, bio stimulant products, bio pesticides products, integrated pest management products, and crop protection products. With a substantial portfolio, the company boasts a total of 629 product registrations. Currently, Nova AgriTech has established a network covering 16 states in India and two cities in Nepal, showcasing its widespread presence and influence in the agricultural domain.

Founded	May 2007
NSE Symbol	BE : NOVAAGRI
Listing Date	31 Jan 2024
Chairman & MD	Kiran Kumar Atukuri
Sector	Agriculture
Headquarters	Medak, Telangana
Official Website	novaagri.in/

Also Read : Medi Assist Healthcare share price target 2024, 2025, 2030, 2040 and 2050

Financial Details

As of February 1, 2024, the market capitalization of the company stands at ₹571 crores, indicating its total market value.

With a stock price to earnings (P/E) ratio of 18.27, investors can assess the company’s stock performance relative to its earnings.

The return on capital employed (ROCE) for the company is reported at a robust 38.27%, showcasing its efficiency in generating profits from its capital investments.

Additionally, the return on equity (ROE) is noted at 27.25%, reflecting the company’s profitability in relation to shareholder equity.

The debt to equity ratio, calculated at 0.92, indicates the proportion of debt used to finance the company’s assets relative to its equity. The total debt of the company stands at ₹68.5 crores, highlighting its financial obligations.

Foreign institutional investors (FIIs) hold a stake of 7.20% in the company, while domestic institutional investors (DIIs) hold 8.82% of the shares.

The earnings per share (EPS) is reported at ₹3.27, providing insight into the company’s profitability per outstanding share. Moreover, the company has achieved a sales growth of 13.4%, indicating an increase in its revenue over a certain period.

Market Cap	₹ 571 Cr	Stock P/E	18.27
ROCE	38.27%	ROE	27.25%
Debt to equity	0.92	Debt	₹ 68.5 Cr
FII Holding	7.20%	DII Holding	8.82%
EPS	3.27	Sales growth	13.4 %

Also Read : Akanksha Power & Infrastructure Ltd share price target 2024, 2025, 2030, 2040 and 2050

Financial Statement

In the fiscal year 2023, the total revenue of the company amounted to ₹211 crores, showing a growth from the previous year’s total revenue of ₹186 crores in 2022 and ₹161 crores in 2021.

Meanwhile, the total expenses for 2023 stood at ₹172 crores, compared to ₹158 crores in 2022 and ₹142 crores in 2021.

Consequently, the profit after tax for the year 2023 reached ₹201 crores, a significant increase from the profits of ₹146 crores in 2022. This financial data reflects the company’s performance as of February 01 , 2024.

Particulars	2023	2022	2021
Total Revenue	211	186	161
Total Expenses	172	158	142
Profit After Tax	20	14	6

Also Read : Jyoti CNC Automation Ltd share price target 2024, 2025, 2030, 2040 and 2050

Table of Nova Agritech Ltd Share Price Target

The Nova AgriTech Initial Public Offering (IPO) commenced on January 23, 2024, and concluded on January 25, 2024. The anticipated listing date for the company is January 31, 2024. Company was listed at ₹55 at the gain of 34% from the offer price of ₹41.

Year	Min Target	Max Target
2024	₹74	₹86
2025	₹93	₹103
2026	₹112	₹128
2027	₹136	₹152
2028	₹166	₹198
2029	₹204	₹232
2030	₹256	₹278

Also Read : Kay Cee Energy & Infra share price target 2024, 2025, 2030, 2040, 2050

Nova Agritech Ltd Share Price Target in 2024:

• Minimum Target: ₹74
• Maximum Target: ₹86

In the upcoming year, the company is anticipated to maintain a price range between ₹74 and ₹86

Nova Agritech Ltd Share Price Target in 2025:

• Minimum Target: ₹93
• Maximum Target: ₹103

Moving into 2025, the projected price range widens, reaching between ₹93 and ₹103.

Nova Agritech Ltd Share Price Target in 2026:

• Minimum Target: ₹112
• Maximum Target: ₹128

Further into the future, specifically in 2026, the anticipated price range expands to ₹112 to ₹128.

Also Read : Godfrey Phillips India Ltd share price target 2024, 2025, 2030, 2040 and 2050

Nova Agritech Ltd Share Price Target in 2027:

• Minimum Target: ₹136
• Maximum Target: ₹152

By 2027, the company’s share price is expected to aim for a range of ₹136 to ₹152.

Nova Agritech Ltd Share Price Target in 2028:

• Minimum Target: ₹166
• Maximum Target: ₹198

Looking ahead to 2028, the minimum and maximum targets extend to ₹166 and ₹198, respectively.

Nova Agritech Ltd Share Price Target in 2029:

• Minimum Target: ₹204
• Maximum Target: ₹232

Looking ahead to 2029, the minimum and maximum targets extend to ₹204 and ₹232, respectively.

Nova Agritech Ltd Share Price Target in 2030:

• Minimum Target: ₹256
• Maximum Target: ₹278

Looking ahead to 2030, the minimum and maximum targets extend to ₹256 and ₹278, respectively.

Also Read : Salasar Techno Engineering Ltd Share Price Target 2024, 2025, 2030, 2040, 2050

Positive and Negative Points of Nova Agritech Ltd

Positive

• One-stop solution for agriculture technology: The company offers comprehensive solutions catering to various aspects of agriculture technology, providing convenience to farmers and stakeholders.
• ROCE of 38.27%: The Return on Capital Employed (ROCE) of 38.27% surpasses the industry average of 16%, indicating efficient utilization of capital to generate profits.
• ROE of 27.25%: With a Return on Equity (ROE) of 27.25%, exceeding the industry average of 14%, the company demonstrates strong profitability in relation to shareholder equity.

Negative

• High debt to equity ratio: The debt to equity ratio exceeding 0.75 raises concerns among investors regarding the company’s financial leverage and risk management.
• Impact of government policies: Potential regulatory changes in the agricultural sector could adversely affect the company’s operations and growth prospects.
• Limited sales growth: The modest sales growth of 8% over the past year and 10% over the past three years suggests a slower-than-desired expansion rate, potentially hindering overall performance and market competitiveness.

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.

FAQs