Prakash Steelage Share Price Target 2023, 2024, 2025, 2026, 2030

Prakash Steelage Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | Prakash Steelage Businesses, Fundamentals and more

If you are looking for Prakash Steelage share price target, then you are at the right place.

In this article we are going to do detail analysis of Prakash Steelage stock. Along with analyzing the stock, we wil also predict the share price target of Prakash Steelage.

As we know, this is a penny stock so the risk of getting the multibagger returns is high and also the risk of losing the investment is also high. We are doing this stock analysis because we are seeing some improvement in its financial position. And it may happen that you can get good profit from this stock. So let’s talk Prakash Steelage stock, stay tuned till the end of this article, let’s get started.

About Prakash Steelage Ltd

Prakash Steelage is a renowned company specializing in the manufacturing and distribution of stainless steel products. With a solid presence in the steel industry, Prakash Steelage offers a wide range products such as stainless steel pipes, tubes, fittings, and other related products.

Prakash Steelage also provides value-added services such as customization, fabrication, and specialized solutions to meet specific customer requirements. Prakash Steelage is listed on the stock exchange, allowing investors to trade its shares.

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Prakash Steelage Financial Trends

If we talk about the Revenue and Profit of Prakash Steelage company then –

Its revenue in 2019 has been ₹ 42.99 Cr and profit is ₹ 13.74 Cr. There was a revenue of ₹ 32.5 Cr in 2020 and a profit of ₹ -0.24 Cr. In the same 2021, there was a profit of ₹ 50.76 crore with a revenue of ₹ 24.47 Cr. And the year i.e. in 2022 there has been a profit of ₹ 164 Cr with a revenue of ₹ 46.22 Cr.

Prakash Steelage Share Price Target Table

Prakash Steelage Share Price Target 2023

Prakash Steelage is a penny stock so the risk is very high. If we look at its last year’s returns, it is -9%, in the same last 6 months it has given zero returns. It is known by looking at its chart that it may see a decline in the coming d ays. That’s why, Prakash Steelage share price target 2023 can be INR 4.75 and second target can be INR 4.80.

Prakash Steelage Share Price Target 2024

Looking at its fundamentals, it is not so good. Its book value is -2.87 which is not considered good and its P/E ratio is 18.40 which is high. While it’s ROE is negligible and EPS is 0.25 which is not considered good. So due to bad fundamentals, Prakash Steelage share price target 2024 can be INR 5.20 and second target can be 5.30. Due to the bad fundamentals, it would not be good to invest in it for the time being.

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Prakash Steelage Share Price Target 2025

Looking at the financial trends of the company, it is also not that good. The company is making profit but its revenue and net worth are very low. It is being told that the company may incur losses in 2023. Hence, it would be beneficial to stay away from this stock for the time being. Considering these, Prakash Steelage share price target 2025 can be INR 5.90 and second target can be INR 6.30.

Prakash Steelage Share Price Target 2030

Overall, Right now its stock is not that good which will bring good returns to the investors. There is a lot of risk in the stock, due to which you can also lose your money. Coming to the point, Prakash Steelage share price target 2030 can be INR 18.9 and second target can be INR 21.8. For more details about the Prakash Steelage Share, you can watch this video.

Conclusion

So if you want to invest in Prakash Steelage company, do your own research once. Because its fundamentals are not that good and the company is in loss since from few years. But it may happen that in the future its fundamentals and financials improve, due to which its stock will see a jump.

So do see its latest news once and do analyze its future plans And also consult an experts before investing. I hope you have enjoyed reading Prakash Steelage share price target, if possible please share it as much as possible.

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DISCLAIMER – Stock Market Investment are subject to market risks, read all scheme related documents carefully before investing.