Share of G G Engineering Limited is currently trading at around Rs.2/- Investors are asking for G G Engineering Ltd Share Price Targets for 2024,2025,2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Share Price targets of the Company for 2024,2025,2030,2035 & 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of G G Engineering Limited:
GG Engineering Ltd., a player in infrastructural steel and engineering products, presents a mixed picture when it comes to financial performance. Here’s a breakdown:
Positives:
- Strong Revenue Growth: The company boasts impressive revenue growth. Q2FY24 saw a jump of 98.39% year-on-year. This trend extends to the past 3 years, with a growth rate of 82.1%.
- Profitability: Profits have also seen significant increases. PAT (Profit After Tax) rose by 52.98% in Q2FY24 compared to the same period last year. Similarly, net profits for Q1FY24 were up 37.84% YoY.
- Healthy Financial Ratios: GG Engineering appears to be in a good financial position. The company has a low debt profile, and a healthy current ratio (a measure of liquidity) of 2.06. This indicates they have enough current assets to cover their short-term liabilities.
- Potential for Growth: The infrastructural sector in India is expected to see significant growth in the coming years, fueled by government initiatives. This bodes well for GG Engineering’s core business.
Negatives:
- Volatility in Quarterly Performance: While the year-on-year growth is impressive, there’s volatility in quarterly performance. Revenue and net profits for Q1FY24 were down significantly compared to the previous quarter.
- Low Profit Margins: Profit margins remain a concern. Though increasing, they are still relatively low compared to the industry average.
- Low Promoter Stake: The low promoter holding of 1.97% raises questions about long-term commitment and strategic direction.
Future Prospects:
GG Engineering’s future hinges on its ability to address these challenges:
- Maintaining Revenue Growth: The company needs to find ways to ensure consistent growth, especially considering the volatility in recent quarters. Diversifying their product portfolio or entering new markets could be strategies to explore.
- Improving Profitability: Increasing efficiency and focusing on higher-margin products are crucial to improve profitability.
- Strengthening Management: A more prominent role from promoters could instill investor confidence and provide a clear vision for the company’s future.
Overall, GG Engineering presents an interesting case. The strong top-line growth and potential for growth in the infrastructure sector are positive signs. However, volatility in quarterly performance, low margins, and a low promoter stake are factors to consider. Investors should carefully analyze these aspects before making any investment decisions.
Share Price Targets:
G G Engineering Ltd Share Price Target 2024
Based on the above discussion and analysis, the share price of G G Engineering Ltd is likely to touch the level of around Rs.2.00-2.25 in 2024
G G Engineering Ltd Share Price Target 2025
Based on the above discussion and analysis, the share price of G G Engineering Ltd is likely to touch the level of around Rs.2.40-2.50 in 2025
G G Engineering Ltd Share Price Target 2030
Based on the above discussion and analysis, the share price of G G Engineering Ltd is likely to touch the level of around Rs.4.75-5.00 in 2030
G G Engineering Ltd Share Price Target 2035
Based on the above discussion and analysis, the share price of G G Engineering Ltd is likely to touch the level of around Rs.9.75-10.00 in 2035
G G Engineering Ltd Share Price Target 2040
Based on the above discussion and analysis, the share price of G G Engineering Ltd is likely to touch the level of around Rs.19.75-20.00 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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