Prakash Steelage Share Price Target Tomorrow 2024 To 2030

Prakash Steelage Limited is an Indian company specializing in manufacturing stainless steel pipes and tubes. It serves various industries, including oil and gas, power, petrochemicals, and construction, by providing high-quality and durable stainless steel products. Known for its commitment to precision and reliability, the company focuses on meeting the specific needs of its clients with innovative and cost-effective solutions. Prakash Steelage Share Price on NSE as of 24 December 2024 is 8.23 INR. Here will provide you more details on Prakash Steelage Share Price Target 2024, 2025, 2026 to 2030.

Prakash Steelage Limited: Market Overview

Open: ₹8.07
High: ₹8.56
Low: ₹8.07
Previous Close: ₹8.04
Volume: 692,830
Value (Lacs): ₹57.50
VWAP: ₹8.38
P/E ratio: 3.93
UC Limit: ₹9.64
LC Limit: ₹6.43
52 Week High: ₹16.20
52 Week Low: ₹7.25
Mkt Cap (Rs. Cr.): ₹145
Face Value: ₹1

Prakash Steelage Share Price Chart

Prakash Steelage Share Price Target Years	Share Price Target
2024	₹16.50
2025	₹18.50
2026	₹20.50
2027	₹22.50
2028	₹24.50
2029	₹26.50
2030	₹30

Prakash Steelage Share Price Target 2024

Prakash Steelage share price target 2024 Expected target could be ₹16.50. Here are four key factors that could affect Prakash Steelage Limited’s share price target for 2024:

Demand from Key Industries: Growth in sectors like oil and gas, power, petrochemicals, and construction will drive the demand for stainless steel pipes and tubes. Increased infrastructure development and industrial expansion could positively impact the company’s revenue and share price.
Export Opportunities: Expanding its presence in international markets can provide significant growth potential. A stronger export strategy and demand for high-quality steel products abroad could boost the company’s profitability.
Raw Material Cost Management: Efficiently managing the costs of raw materials like nickel and chromium, which are critical for stainless steel production, can help maintain profit margins and positively influence financial performance.
Technological Advancements: Investments in advanced manufacturing processes and technologies to enhance product quality and reduce production costs will make Prakash Steelage more competitive, supporting its growth and share price trajectory.

Prakash Steelage Share Price Target 2025

Prakash Steelage share price target 2025 Expected target could be ₹18.50. Here are four key factors that could affect Prakash Steelage Limited’s share price target for 2025:

Expansion into New Markets: Prakash Steelage’s ability to expand its customer base, both domestically and internationally, can significantly impact its growth. Targeting new regions and industries will help diversify revenue sources and boost its market presence.
Strengthening Supplier Relationships: Building strong partnerships with raw material suppliers and ensuring a reliable supply chain will help Prakash Steelage maintain competitive pricing and production stability, contributing to steady growth.
Product Diversification and Innovation: Introducing new products or innovations in stainless steel manufacturing, such as high-strength or specialized alloy pipes and tubes, can attract new customers and open up additional revenue streams.
Economic Growth and Infrastructure Development: Continued economic growth, especially in emerging markets, and rising demand for infrastructure projects will increase the need for stainless steel products. Prakash Steelage can benefit from these trends, boosting its share price.

Prakash Steelage Share Price Target 2030

Prakash Steelage share price target 2030 Expected target could be ₹30. Here are four risks and challenges that could impact Prakash Steelage Limited’s share price target for 2030:

Fluctuations in Raw Material Prices: The prices of key raw materials like nickel and chromium, which are essential for stainless steel production, can be volatile. Significant price increases may squeeze profit margins if not managed effectively, affecting the company’s financial performance.
Economic Slowdowns: A downturn in global or domestic economic conditions could reduce demand for industrial products like stainless steel pipes and tubes, especially in key sectors like construction, oil, and gas, which could negatively impact Prakash Steelage’s revenue and stock price.
Environmental Regulations: Increasingly stringent environmental regulations on production processes and emissions could raise compliance costs for Prakash Steelage. If the company fails to adapt or implement sustainable practices, it could face penalties or lose market competitiveness.
Intense Competition: The steel industry is highly competitive, with both local and international players vying for market share. Increased competition could put pressure on pricing, reduce profit margins, and make it more difficult for Prakash Steelage to maintain its market position.

Shareholding Pattern For Prakash Steelage Limited

Promoters: 33.55%
Public: 66.45%

Prakash Steelage Limited Financials

(INR)	2024	Y/Y change
Revenue	1.06B	11.37%
Operating expense	-92.74M	-217.68%
Net income	578.87M	1,296.19%
Net profit margin	54.73	1,152.40%
Earnings per share	—	—
EBITDA	248.61M	326.15%
Effective tax rate	0.72%	—