Resourceful Automobile Share Price Target 2024, 2025, 2030, 2040, 2050

The Indian car market is developing quickly, and Resourceful Automobile Ltd. (BOM: RAL) is noted for its various “Sawhney Automobile” two-wheelers.

Founded in 2018, Resourceful Automobile has swiftly garnered market share by offering high-quality goods at affordable costs.

What is Resourceful Automobile Ltd. (BOM: RAL)?

Resourceful Automobile Ltd. is an Indian company that sells Yamaha two-wheelers. It offers a comprehensive range of commuter bikes, sports bikes, cruisers, and scooters to cater to various customer needs.

Despite having only eight employees and two showrooms, the company recent Rs 12 crore IPO received an overwhelming response, with over 500 times or Rs 4,800 crore subscriptions.

Fundamental Analysis

Factor	Impact
Economic Growth	Positive
Industry Trends	Positive
Competitive Landscape	Moderate
Management Quality	Positive
Financial Strength	Moderate

Resourceful Automobile Share Price Target 2024

Resourceful Automobile wants to strengthen its two wheeler market position this year. The firm is competitively resilient and adaptable. The 2024 price objective is expected to be between ₹110 and ₹180, driven by rising two wheeler demand and more showrooms.

Year	Minimum Price (₹)	Maximum Price (₹)
2024	110	180

Month	Minimum Price (₹)	Maximum Price (₹)
January	N/A	N/A
February	N/A	N/A
March	N/A	N/A
April	N/A	N/A
May	N/A	N/A
June	N/A	N/A
July	N/A	N/A
August	110	130
September	110	150
October	120	170
November	130	150
December	128	180

Resourceful Automobile Share Price Target 2025

Resourceful Automobiles should continue to rise in 2025 as the two-wheeler market grows. Expanding its product portfolio and improving customer service will help the firm flourish. The price objective for 2025 is anticipated at ₹135 to ₹240.

Year	Minimum Price (₹)	Maximum Price (₹)
2025	135	240

Month	Minimum Price (₹)	Maximum Price (₹)
January	135	185
February	140	190
March	145	195
April	140	200
May	145	205
June	150	210
July	1555	215
August	160	220
September	155	225
October	153	230
November	165	235
December	156	240

Resourceful Automobile Share Price Target 2030

In 2030, Resourceful Automobile is predicted to have considerably solidified its place in the market. The price objective is expected to be between ₹400 and ₹450, indicating that the company dedication to innovation and sustainability will most certainly provide positive results.

Year	Minimum Price (₹)	Maximum Price (₹)
2030	400	465

Month	Minimum Price (₹)	Maximum Price (₹)
January	400	465
February	405	415
March	410	420
April	415	425
May	420	430
June	425	435
July	430	440
August	435	445
September	440	450
October	445	455
November	450	460
December	455	465

Resourceful Automobile Share Price Target 2050

The technical advancements, sustainability programs, and dominant position of Resourceful Automobile in the worldwide two wheeler industry are projected to propel the company share price to an anticipated range of ₹1,200 to ₹1,400 by 2050.

Year	Minimum Price (₹)	Maximum Price (₹)
2050	1200	1400

Month	Minimum Price (₹)	Maximum Price (₹)
January	1200	1220
February	1210	1230
March	1220	1260
April	1230	1290
May	1240	1320
June	1250	1320
July	1260	1340
August	1270	1360
September	1280	1300
October	1290	1350
November	1300	1380
December	1310	1400

Should I buy Resourceful Automobile stock?

Year	Minimum Price (₹)	Maximum Price (₹)
2024	115	180
2025	135	240
2030	400	465
2040	800	900
2050	1200	1400

Resourceful Automobile stock has pros and cons. The firm launched flat at ₹117 despite seeing a 400x IPO subscription, showing substantial early interest. The stock has fluctuated due to market uncertainty regarding its business plan and development prospects.

With ₹16.53 crore in sales and ₹1.52 crore in net profit for the year ending February 2024, the financials are promising but need prudence. Before investing, investors should weigh the two wheeler market development potential against competition and market volatility.

Resourceful Automobile Ltd. Earnings Results

Resourceful Auto Ltd. has routinely achieved good financial performance, demonstrating its capacity to overcome automotive sector problems. Quality, innovation, and customer happiness have increased the company sales and profit margins.

Particulars	As of 31 March 2022 (₹ in lakhs)	As of 31 March 2023 (₹ in lakhs)	As of 29 February 2024 (₹ in lakhs)
Revenue	1,250.10	1,938.26	1,723.64
Equity	74.78	163.56	315.78
Expenses	1,211.49	1,878.37	1,518.65
Profit After Tax	38.61	59.89	204.99
Diluted EPS	5.75	4.27	9.33
Return on Net Worth (RONW) (%)	38.42	25.37	48.21
NAV per Equity Share (₹)	14.96	16.81	19.36
Total Assets	1,008.58	1,000.49	1,451.41
Total Liabilities	933.80	836.93	1,135.63
Debt Equity Ratio	9.01	4.57	3.14
Current Ratio (times)	2.35	5.68	2.80
Inventory Turnover Ratio	4.23	4.06	2.88

Expert Forecasts on the Future of Resourceful Automobile Ltd.

According to industry experts and analysts, Resourceful Automobile future looks bright. The company growth in the future years will be driven by its strong brand positioning, innovative product range, and emphasis on sustainability.

Is Resourceful Automobile Stock Good to Buy?

Bull Case

• Promising future in the rapidly developing two wheeler industry.
• Rising interest in EVs is in line with current worldwide tendencies.
• Goodwill toward the brand and satisfaction among consumers.
• Plans for strategic growth to enhance market presence.
• Strong sales growth and solid financial performance.

Bear Case

• Rivalry from well known car manufacturers is fierce.
• Customers may be hesitant to spend money during economic downturns.
• The automobile business needs help with regulations.
• Production is affected by interruptions in the supply chain.
• The fluctuating pricing of raw materials impacts profit margins.

Conclusion

Resourceful Automobile Ltd. can benefit from India and global demand for two wheeler vehicles. Quality, innovation, and sustainability will help the organization succeed. The stock is tempting, but investors should consider their risk tolerance and objectives before investing.

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