Patel Engineering Share Price Target 2024, 2025, 2030, 2040, 2050
The company do big and small projects, like building big dams, irrigation on a large scale, roads, bridges, railways etc. Also, the company is in the real estate property business.
What is Patel Engineering Ltd NSE: PATELENG?
Contents
- 1 What is Patel Engineering Ltd NSE: PATELENG?
- 2 Patel Engineering Share Price Target 2024
- 3 Patel Engineering Share Price Target 2025
- 4 Share Price Target 2030
- 5 Share Price Target 2040
- 6 Share Price Target 2050
- 7 Price Summary
- 8 Should I Buy Patel Engineering Stock?
- 9 Patel Engineering Ltd Earning Results
- 10 Is Patel Engineering Stock Good to Buy? (Bull case & Bear case)
- 11 Conclusion
- 12 FAQs
Patel Engineering Limited is an Indian company that belongs to the Construction & Engineering sector. This company built dams, tunnels all types of hydro projects, roads and railways. It is also involved in real estate.
The company makes money from construction work, renting out properties, and other income. The company was started by Arjun Kunverji Patel, Haribhai Bhagwan Patel, Hirji Thakersey Patel, and Yashraj Govind Patel in 1949. Its headquarters is located in Mumbai.
From 2009 to 2022 the price has been fluctuated many times due to bad management of the company but, in the year 2023, it provided very good returns to the investors. In 2023 the price increased by 13 rs.
| Year | Minimum Price | Maximum Price |
| 2024 | 48 | 110 |
This is because the company has taken big steps to manage its financial status stable, and also it gets some projects from the Indian government which will help the company for future growth. So by knowing all the facts the price target in the year 2024 would be 110rs.
The company is continuously working to increase its strong presence in the infrastructure and construction sectors. They have a clear plan to meet India’s growing needs for infrastructure. They plan to do this by partnering with others and getting contracts from both public and private clients.
| Year | Minimum Price | Maximum Price |
| 2025 | 100 | 185 |
Patel Engineering also wants to grow and become more financially stable by finding new ways to earn money and making its operations more efficient. By considering all we could expect a price target of 185 rs per share.
Patel Engineering has expanded its business to Arunachal Pradesh with the Gongri Hydroelectric project. Not only that The company has recently won several big projects, including a major tunneling job in Himachal Pradesh and a large dam project in Andhra Pradesh.
| Year | Minimum Price | Maximum Price |
| 2030 | 405 | 510 |
These new contracts will increase the company’s revenue and strengthen its position in the market. By 2030, its share price is expected to rise by 510 rs if the company’s net sales continue to grow.
It is growing mainly because it wins new contracts. Recently, the company got several big projects, like a major dam in Andhra Pradesh and a large tunnel in Himachal Pradesh. These projects will increase the company’s earnings and improve its standing in the industry.
| Year | Minimum Price | Maximum Price |
| 2040 | 1200 | 1490 |
If this company is able to manage its finances well, it should meet its future targets. Its price target is in 2040, and it will reach up to 1490 rs.
In the past 5 years, This company made good profits because it’s an old and well-established company with a strong market position. It also has a lot of cash flow, so if you invest in it, you should expect to see returns over time. The company works in infrastructure and construction, which is a growing field.
| Year | Minimum Price | Maximum Price |
| 2050 | 2800 | 3100 |
It has also improved its finances by cutting down on debt, selling off unnecessary assets, and making its operations more efficient. This has strengthened its financial position. For the year 2050, the price target would be 3100 rs.
Price Summary
| Year | Minimum Price | Maximum Price |
| 2024 | 48 | 110 |
| 2025 | 100 | 185 |
| 2030 | 405 | 510 |
| 2040 | 1200 | 1490 |
| 2050 | 2800 | 3100 |
Should I Buy Patel Engineering Stock?
This company is famous for the building and engineering industries. They have a strong record of building bridges, tunnels, dams, and other important structures. Recently, many investors and analysts have been interested in the company because of its stock price and performance in the market. Experts say that buying its shares in the Indian stock market could give good long-term returns.
Patel Engineering Ltd Earning Results
| Market Cap | ₹ 5,808 Cr. |
| Sector | Hydro-Electric Projects, Transportation Projects, Malls and Structures |
| Established | 1949 |
| Headquarters | In Mumbai, Maharashtra, India |
| CEO | Mr. Rupen Patel |
| Founder | Mr. Rupen Patel |
| Products | Industrial Structural Products, Rolling Shutter, Commercial Garbage Containers |
| 52 Week High | ₹ 79 |
| 52 Week Low | ₹ 29.30 |
| PE Ratio | 26.20 |
| ROE | 7.34 % |
| ROCE | 13.90 % |
| Dividend Yield | 0.00 % |
| Debt to Equity | 0.61 % |
| Face Value | ₹ 1 |
Is Patel Engineering Stock Good to Buy? (Bull case & Bear case)
Bull Case:
- It has successfully built many important projects like bridges and dams, showing it is a strong a trustable company.
- As India builds more infrastructure, the demand for Patel Engineering’s services will grow.
- Many investors and analysts are currently interested in the company.
- Experts think that buying Its shares could give good returns over time because of its steady performance and growth potential.
Bear Case:
- Big projects can face delays and cost issues, which might decrease the company’s profits.
- There are many competitors in the building and engineering industries.
Conclusion
In this article, we have shared with you the company’s condition which was not good until 2023. The company has made many changes to survive and be a storage competitor in its sector. It is an Indian company, as it got projects from the government that can help it grow. So for the long term, you can take risks in this stock.
