In this article, we delve into a comprehensive analysis of Shree Marutinandan Tubes 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.
Table of Contents
About
Established in 1993, Shree Marutinandan operates in various sectors, offering galvanized pipes, black pipes, structural pipes, and agricultural equipment such as groundnut de-stoners, potato digger machines, and pipe winder machines.
Its diverse product line caters to industries including the oil and gas sector, automobile industry, bearing industry, hydraulic cylinder manufacturing, water industry, drainage, fire safety, and agriculture, including greenhouses, net houses, and poly houses, as well as heat exchangers.
| Founded | 1993 |
| Listing Date | 19 January 2024 |
| CEO & MD | Mr. Vikram Sharma |
| Industry | Pipes manufacturing |
| Headquarters | Gujarat, India |
| Official Website | shreemarutitubes.com |
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Financial Details
As of January 30, 2024, the market capitalization of the company stands at ₹97.3 Cr.
The stock’s price-to-earnings (P/E) ratio is 48.2, indicating its valuation in relation to earnings.
With a robust Return on Capital Employed (ROCE) of 40.4% and an exceptionally high Return on Equity (ROE) of 121%, the company demonstrates efficient capital utilization and strong returns for shareholders.
The debt-to-equity ratio is at 1.48, with a total debt of ₹6.07 Cr, suggesting a moderate level of leverage.
Promoter holding stands at 58.30%, while public holding accounts for 41.44% of the company’s shares.
The company’s earnings per share (EPS) is ₹98.5, and it has experienced a marginal sales growth of 0.06% as of the mentioned date.
| Market Cap | ₹ 97.3 Cr | Stock P/E | 48.2 |
| ROCE | 40.4 % | ROE | 121 % |
| Debt to equity | 1.48 | Debt | ₹ 6.07 Cr |
| Promoter Holding | 58.30% | Public Holding | 41.44% |
| EPS | ₹ 98.5 | Sales growth | 0.06 % |
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Financial Statement
As of January 30, 2024, the company’s financial performance reflects a consistent trend in net sales, with figures standing at ₹47.17 Crores in 2023, ₹47.14 Crores in 2022, and ₹35.64 Crores in 2021.
However, expenses have fluctuated, amounting to ₹43.70 Crores in 2023, ₹46.36 Crores in 2022, and ₹35.01 Crores in 2021.
Consequently, the profit after tax has varied, reaching ₹2.02 Crores in 2023, ₹0.06 Crores in 2022, and ₹0.13 Crores in 2021.
The consistency in net sales suggests stable revenue generation, while fluctuating expenses may have impacted profitability. It’s essential for the company to closely monitor and manage its expenses to ensure sustainable profitability.
| Particulars | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Sales | 47.17 | 47.14 | 35.64 |
| Expenses | 43.70 | 46.36 | 35.01 |
| Profit After Tax | 2.02 | 0.06 | 0.13 |
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Table of Shree Marutinandan Tubes Share Price Target
As of January 30, 2024, the stock price closed at ₹281.30, continuing its streak of upper circuits. It has experienced a remarkable gain of over 40% from its listing price of ₹200. In light of this significant performance, we will conduct an analysis of the stock post this streak.
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹300 | ₹318 |
| 2025 | ₹340 | ₹376 |
| 2026 | ₹392 | ₹428 |
| 2027 | ₹444 | ₹480 |
| 2030 | ₹501 | ₹532 |
| 2040 | ₹546 | ₹584 |
| 2050 | ₹608 | ₹646 |
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Shree Marutinandan Tubes share price target in 2024:
- Minimum Target: ₹300
- Maximum Target: ₹318
In the upcoming year, the company is anticipated to maintain a price range between ₹300 and ₹318
Shree Marutinandan Tubes share price target in 2025:
- Minimum Target: ₹340
- Maximum Target: ₹376
Moving into 2025, the projected price range widens, reaching between ₹340 and ₹376.
Shree Marutinandan Tubes share price target in 2026:
- Minimum Target: ₹392
- Maximum Target: ₹428
Further into the future, specifically in 2026, the anticipated price range expands to ₹392 to ₹428
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Shree Marutinandan Tubes share price target in 2027:
- Minimum Target: ₹444
- Maximum Target: ₹480
By 2027, the company’s share price is expected to aim for a range of ₹444 to ₹480.
Shree Marutinandan Tubes share price target in 2028:
- Minimum Target: ₹501
- Maximum Target: ₹532
Looking ahead to 2028, the minimum and maximum targets extend to ₹501 and ₹532, respectively.
Shree Marutinandan Tubes share price target in 2029:
- Minimum Target: ₹546
- Maximum Target: ₹584
In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹546 and ₹584.
Shree Marutinandan Tubes share price target in 2030:
- Minimum Target: ₹608
- Maximum Target: ₹646
Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹608 to ₹646.
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Positive and Negative Points of Shree Marutinandan Tubes Ltd
Positive Points:
- ROCE: Shree Marutinandan Tubes boasts an impressive Return on Capital Employed (ROCE) of 40.4%, surpassing the industry average of 12.32%. This indicates efficient utilization of capital for generating profits.
- ROE: The Return on Equity (ROE) stands at an impressive 120.96%, significantly higher than the industry average of 10.32%. This reflects the company’s ability to generate substantial returns for its shareholders.
Negative Points:
- Decreased Promoter Holding: There has been a notable decrease in promoter holding in the company, declining by 23.70%. This trend may raise concerns among investors regarding management confidence and control.
- Sales Growth: The company’s sales growth in the past year has been minimal, standing at 0.06%. This sluggish growth trajectory may indicate challenges in expanding market share or increasing demand for its products.
- Debt to Equity Ratio: Shree Marutinandan Tubes carries a high Debt to Equity ratio of 1.48, suggesting a significant portion of its funding is reliant on debt. This high leverage could potentially pose risks, especially during economic downturns or fluctuations in interest rates.
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 stock price targets for Shree Marutinandan Tubes in 2024?
In 2024, the company is anticipated to maintain a price range between ₹300 and ₹318.
What are the projected stock price targets for Shree Marutinandan Tubes in 2025?
Moving into 2025, the projected price range widens, reaching between ₹340 and ₹376.
What is the stock price target range for Shree Marutinandan Tubes in 2027?
By 2027, the company’s share price is expected to aim for a range of ₹444 to ₹480.
What is the projected stock price range for Shree Marutinandan Tubes in 2030?
Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹608 to ₹646.
