Patel Engineering Share Price Target 2024, 2025, 2030, 2040, 2050

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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?

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.

Patel Engineering Share Price Target 2024

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.

YearMinimum PriceMaximum Price
202448110

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.

Patel Engineering Share Price Target 2025

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. 

YearMinimum PriceMaximum Price
2025100185

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.

Share Price Target 2030

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.

YearMinimum PriceMaximum Price
2030405510

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.

Share Price Target 2040

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.

YearMinimum PriceMaximum Price
204012001490

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.

Share Price Target 2050

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.

YearMinimum PriceMaximum Price
205028003100

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

YearMinimum PriceMaximum Price
202448110
2025100185
2030405510
204012001490
205028003100

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.
SectorHydro-Electric Projects, Transportation Projects, Malls and Structures
Established1949
HeadquartersIn Mumbai, Maharashtra, India
CEOMr.  Rupen Patel
FounderMr.  Rupen Patel
ProductsIndustrial Structural Products, Rolling Shutter, Commercial Garbage Containers
52 Week High₹ 79
52 Week Low₹ 29.30
PE Ratio26.20
ROE7.34 %
ROCE13.90 %
Dividend Yield0.00 %
Debt to Equity0.61 %
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.

FAQs

The company has a good history and its stock price and performance look to go in an upward direction.

The company is involved in big projects like tunnels, bridges, and dams.

Mr. Pankaj Patel

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