In this article, we delve into a comprehensive analysis of Qualitek Labs 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.
Table of Contents
About
Established in 2018, Qualitek Labs Limited offers a comprehensive array of services including testing, inspection, homologation, certification, and consulting. The company caters to diverse industries such as automotive, defense, metals & metallurgy, environment, water, and minerals, providing top-notch testing, inspection, homologation, certification, and consultancy services and packaging.
| Founded | 2018 |
| Listing Date | January 29, 2024 |
| MD | ANTARYAMI NAYAK |
| Sector | Testing |
| Headquarters | Bhubaneswar, Odisha |
| Official Website | qualiteklab.com/ |
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Financial Details
As of January 30, 2024, the company’s market capitalization stands at ₹140 crore, with a stock price-to-earnings (P/E) ratio of 47.0.
The Return on Capital Employed (ROCE) is reported at 17.8%, while the Return on Equity (ROE) is notably higher at 50.5%, indicating efficient utilization of resources and strong profitability relative to shareholders’ equity.
However, there is a concern regarding the debt-to-equity ratio, which is relatively high at 2.11, suggesting a significant portion of the company’s funding is through debt.The total debt stands at ₹25.0 crore.
Promoter holdings are substantial, accounting for 73.35% of shares, while Domestic Institutional Investors (DIIs) hold a minimal stake of 0.96%.
Earnings per share (EPS) is reported at ₹5.49, reflecting the company’s profitability on a per-share basis. Notably, the company has experienced significant sales growth, amounting to 60.0%, indicating robust revenue expansion as of the mentioned date.
| Market Cap | ₹ 140 Cr | Stock P/E | 47.0 |
| ROCE | 17.8 % | ROE | 50.5 % |
| Debt to equity | 2.11 | Debt | ₹ 25.0 Cr |
| Promoter Holdings | 73.35% | DII Holding | 0.96% |
| EPS | ₹ 5.49 | Sales growth | 60.0 % |
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Financial Statement
As of January 30, 2024, the financial figures for the specified years indicate the following trends.
In 2023, the net sales amounted to ₹19.14 crores, while expenses incurred were ₹13.83 crores, resulting in a profit after tax of ₹2.97 crores.
Moving to 2022, net sales decreased to ₹11.96 crores, with expenses totaling ₹9.65 crores, leading to a profit after tax of ₹1.14 crores.
In 2021, the net sales were ₹6.35 crores, and expenses were ₹5.32 crores, resulting in a profit after tax of ₹0.46 crores.
The financial performance of the company has shown a positive trajectory over the years, with an increasing trend in net sales and profit after tax.However, there is a noticeable decrease in net sales from 2023 to 2022, which might require further analysis to understand the underlying factors contributing to this decline.It’s encouraging to see a consistent growth in profit after tax, indicating efficient cost management despite fluctuations in sales.
| Particulars | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Sales | 19.14 | 11.96 | 6.35 |
| Expenses | 13.83 | 9.65 | 5.32 |
| Profit After Tax | 2.97 | 1.14 | 0.46 |
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Table of Qualitek Labs Ltd Share Price Target
As of 30 Jan 2024, Qualitek Labs stock price closed at ₹189.53. In light of this significant correction in the stock price, we will conduct an analysis of the company to evaluate its performance and potential implications of this decline.
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹190 | ₹212 |
| 2025 | ₹221 | ₹248 |
| 2026 | ₹256 | ₹284 |
| 2027 | ₹298 | ₹326 |
| 2028 | ₹334 | ₹368 |
| 2029 | ₹376 | ₹396 |
| 2030 | ₹408 | ₹448 |
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Qualitek Labs share price target in 2024:
- Minimum Target: ₹190
- Maximum Target: ₹212
In the upcoming year, the company is anticipated to maintain a price range between ₹190 and ₹212
Qualitek Labs share price target in 2025:
- Minimum Target: ₹221
- Maximum Target: ₹248
Moving into 2025, the projected price range widens, reaching between ₹221 and ₹248.
Qualitek Labs share price target in 2026:
- Minimum Target: ₹256
- Maximum Target: ₹284
Further into the future, specifically in 2026, the anticipated price range expands to ₹256 to ₹284
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Qualitek Labs share price target in 2027:
- Minimum Target: ₹298
- Maximum Target: ₹326
By 2027, the company’s share price is expected to aim for a range of ₹298 to ₹326.
Qualitek Labs share price target in 2028:
- Minimum Target: ₹334
- Maximum Target: ₹368
Looking ahead to 2028, the minimum and maximum targets extend to ₹334 and ₹368, respectively.
Qualitek Labs share price target in 2029:
- Minimum Target: ₹376
- Maximum Target: ₹396
In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹376 and ₹396.
Qualitek Labs share price target in 2030:
- Minimum Target: ₹408
- Maximum Target: ₹448
Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹408 to ₹448.
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Positive and Negative Points of Qualitek Labs Ltd
Positive:
- Strong promoter holdings indicate confidence and commitment from the promoters.
- ROCE at 17.83% exceeds the industry average of 13.95%, reflecting efficient capital utilization.
- ROE stands at 50.47%, surpassing the industry average of 14.37%, demonstrating robust profitability.
Negative:
- The company has a significantly high debt-to-equity ratio, which may pose financial risks and affect investor confidence.
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
What are the share price targets for Qualitek Labs in 2024?
In the upcoming year, the company is anticipated to maintain a price range between ₹190 and ₹212.
What is the projected price range for Qualitek Labs in 2025?
Moving into 2025, the projected price range widens, reaching between ₹221 and ₹248.
Can you provide the anticipated stock price targets for Qualitek Labs in 2026?
Further into the future, specifically in 2026, the anticipated price range expands to ₹256 to ₹284.
What are the minimum and maximum stock price targets for Qualitek Labs in 2027?
By 2027, the company’s share price is expected to aim for a range of ₹298 to ₹326.
What is the expected stock price range for Qualitek Labs in 2030?
Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹408 to ₹448.
