Ashnisha Industries Share Price Target
Indian stock market steel and steel alloy manufacturing and trading company, Ashnisha Industries Ltd. We are going to get information about the future of Ashnisha Industries share price target from 2023 to 2030 through today’s article.
Ashnisha Industries Share Price Target 2023
The market cap of the company is Rs 234.32 crores, the company currently has a debt of Rs 1.74 crores, the promoter holding of the company is 27.11%, the free cash availability of the company is Rs 2 lakhs, the sales growth of the company is 0%. If recorded, then the profit growth of the company is recorded at -42%, the company currently has more debt than the market cap, if the company reduces it in future, then its first target in 2023 will be Rs 30. And the second target can go up to Rs.35.
Ashnisha Industries Share Price Target 2024
If we take information about the returns of the company, the company has given 36% returns in the last 6 months, 1301% returns in the last 1 year, 316% returns in the last 3 years and 82% returns in the last 5 years. Meaning, if the company has continuously given good returns to its investors, then the companies grow in the future also, then in 2024 its first target can go up to Rs 50 and the second target can go up to Rs 60.
Ashnisha Industries Share Price Target 2025
If we take information about the previous net sales, then from March 2018 to March 2020, the company’s net sales were good, then from March 2021 to March 2020, the company did not have any net sales, then from March 2023, the company had a good net sales. Net sales are being generated. If we present the results of the last June quarter 2023, the net sales of the company were 2.18 crores, in which the company has earned a profit of 30 lakhs, then in the future also the companies grow like this, then Ashnisha Industries share price target till 2025, its first target is Rs 80 and the second target can go up to Rs 100.
Ashnisha Industries Share Price Target 2030
When we study the share holding pattern, public holds 72.89%, promoters hold 27.11% of the company, FII holds 0%, DII holds 0%. The promoter holding of the company was 35.91% in 2022, which the company has increased to 27.11% in June 2023, if the company increases the promoter holding in future, then its first target in Ashnisha Industries share price target 2030 is Rs 200 and the second target is Rs. Can go up to Rs 250.
Ashnisha Industries Share Strength
- The company has achieved CAGR returns of 1301% in the last 1 year.
- The company’s liquid position current ratio is 8:12, which would be considered very good.
- The company has presented good figures in all the quarterly results in the year 2023.
Ashnisha Industries Share Weakness
- The promoter holding of the company is recorded at 27.11% which will be considered weak.
- The EBITDA margin of the company for the last 5 years is -0.47% which would be considered quite low.
Conclusion- The company is not considered to be a good company fundamentally, because the promoter holding of the company is 27.11%, so the company belongs to the small market cap sector and the sales growth of the company is not so good, so it is not worth investing here. Before investing, you can plan your investment here by taking advice from a special advisor.
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