In this article, we will discuss the Rajoo Engineers share price target for 2024 to 2035, Quarter 2 result, financial, stock performance, future plans, and challenges depending on the various reports from research and brokerage firms and market research analysts.
The company was established in 1986 and deals in Rajkot, Gujarat, in the manufacturing and exporting of plastic extrusion machinery. They, in particular, manufacture and sell blown film lines, sheet lines, and thermoformers for various sectors of industries in India and overseas.
Rajoo Engineers is classified to fall within the workforce of 101 to 500 employees of the organization; however, the organization has established itself and earned its position as the leader in the plastic processing machinery sector within the Indian subcontinent.
Quarter 2 Results:
Net Sales:
Q2 FY 2024: 56.81 crore
Q2 FY 2023: 55.53 crore
Year-over-Year Change: +2.31%
This shows that the cumulative net sales were a tad higher than the figure recorded in the previous year, thus implying that the company sales have been relatively stable.
Expenses:
Q2 FY 2024: 47.67 crore
Q2 FY 2023: 46.36 crore
Year-over-Year Change: +2.83%
The cost of sales has gone up by a meager 2.83 percent, signifying a general hike in operating or overhead costs compared to the same period in the previous fiscal year.
Profit Before Tax (PBT):
Q2 FY 2024: 9.35 crore
Q2 FY 2023: 7.08 crore
Year-over-Year Change: +32.08%
A huge enhancement in PBT shows that the current profitability position of the firm is 32.08% higher than the previous year.
Earnings Per Share (EPS)
Q2 FY 2024: 0.59
Q2 FY 2023: 0.43
Year-over-Year Change: +37.21%
They have improved earnings for shareholders when compared to the corresponding period in the previous year for the business, and the corresponding decrease in the EPS is explained by the 37.21% rise in the EPS of the business.
| Q2 FY 2025 | Q2 FY 2024 | Year-over-Year Change | |
| Net Sales | 56.81 | 55.53 | +2.31% |
| Expenses | 47.67 | 46.36 | +2.83% |
| Profit Before Tax | 9.35 | 7.08 | +32.08% |
| Earnings Per Share (EPS) | 0.59 | 0.43 | +37.21% |
| Net Profit | 7.93 | 5.36 | +47.92% |
Financials
According to the latest records, Rajoo Engineers Limited stock price is Rs 364.80 today, November 28, 2024, from the previous close of Rs 349.05, up 4.51%. The company’s market capitalization is reportedly slightly over Rs 4,487 crore.
In the last year, there has been a high return of approximately 744.66% with a decent return of about 3211.48% in the last three years. The company has posted a P/E ratio of 168.89 and EPS of Rs 2.16.
It stressed that the company showed good profitability even though it is confronted with some issues like slow sales growth and competitive pressures.
Rajoo Engineers share price target 2024 to 2035
Share price targets for a specific company are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
But we will predict the Rajoo Engineers share price target in 2024 to 2035 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
| Year | Share Price |
|---|---|
| 2024 | 450 |
| 2025 | 680 |
| 2026 | 1,205 |
| 2027 | 1,844 |
| 2028 | 2,550 |
| 2029 | 3,050 |
| 2030 | 4,480 |
| 2031 | 5,520 |
| 2032 | 6,840 |
| 2033 | 8,520 |
| 2034 | 9,885 |
| 2035 | 11,540 |
Rajoo Engineers share price target 2024
The share price target of Rajoo Engineers is expected to witness a bullish trend in the year 2024, with the avg share price of Rs 365 in FY 2024. The growth percentage for Rajoo Engineers shares is predicted to be positive, with an upward trend towards the end of the year due to strong quarterly results.
| 2024 | Share Price |
|---|---|
| Initial Target | 280 |
| Mid-year Target | 365 |
| End-year Target | 480 |
Rajoo Engineers share price target 2025
The share price target of Rajoo Engineers is expected to witness a bullish trend in the year 2025, with the maximum share price at Rs 680 in FY 2025. The growth percentage for Rajoo Engineers shares is predicted to be positive, with an upward trend towards the end of the year.
| 2025 | Share Price |
|---|---|
| Initial Target | 550 |
| Mid-year Target | 680 |
| End-year Target | 810 |
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Rajoo Engineers share price target 2030
The share price target of Rajoo Engineers is expected to witness a bullish trend in the year 2030, with the maximum share price at Rs 4,450 in FY 2030. The growth percentage for Rajoo Engineers shares is predicted to be positive, with an upward trend towards the end of the year.
| 2030 | Share Price |
|---|---|
| Initial Target | 3,815 |
| Mid-year Target | 4,450 |
| End-year Target | 4,655 |
Rajoo Engineers share price target 2035
The share price target of Rajoo Engineers is expected to witness a bullish trend in the year 2035, with the maximum share price at Rs 11,540 in FY 2035. The growth percentage for Rajoo Engineers shares is predicted to be positive, with an upward trend towards the end of the year.
| 2035 | Share Price |
|---|---|
| Initial Target | 9,505 |
| Mid-year Target | 11,540 |
| End-year Target | 12,550 |
Future Plans:
- Expansion of Production Capacity: Rajoo Engineers has added three more industrial plots next to its factory in Rajkot, which also improved its production capacity to respond to the increasing market needs.
- Investment in R&D: The company strives to expand the investments into this area as it is important for the firm to remain innovative and cutting edge, especially in the sphere of solar cell production and other innovative technologies.
- Entry into Renewable Energy Sector: Indeed, Rajoo Engineers intends to capitalize on the increasing solarization processes, mainly focusing on building machines used for the production of solar cells, which will support India’s clean energy strategy.
- Partnerships and Collaborations: It has ambitions for near-term cooperation with solar panel manufacturers and research institutions to develop its products and reach consumers.
Challenges:
- Stagnant Sales Growth: However, Rajoo Engineers has always struggled with issues of increased sales and has not experienced fast growth as is observed in the industry.
- Increased Competition: The company competes in a very dynamic environment not only with domestic but also with international competitors that can affect its share of the market and prices charged.
- Operational Efficiency: In particular, days have grown considerably, and the working capital management, accordingly, is weak and must be enhanced.
Stock Performance
Rajoo Engineers has given good returns to its investors, given below:
-2.99% return in the last 1 week
-3.87% returns in the last 1 month
+37.50% returns in the last 3 months
+196.83% returns in the last 6 months
+393.31% returns in the last 1 year
+2465.40% returns in the last 2 year
+3012.63% returns in the last 3 year
+5690.48% returns in the last 5 year
Conclusion
Rajoo Engineers Limited therefore speaks volumes and is a true epitome of a plastic extrusion company. Today, the firm presents rather solid financial results coupled with vigorous plans for the future, meaning it has all the potential for organic growth while still experiencing some concerns regarding its sales and market competition.
These have been the major driving forces, and to continue with the innovation and focus on technology, especially on the customer, it will help lock in leadership in the market.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not an investment advice.