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Bombay Dyeing and Manufacturing Company Ltd. stands as a hallmark of India’s textile industry, boasting over a century of legacy. Founded in 1879, this iconic brand is a key component of the Wadia Group, a conglomerate with a significant presence across various sectors. Bombay Dyeing specializes in a diverse array of textile products, including premium cotton and polyester fabrics, along with home essentials like bed linens, towels, and more. The company has made its mark not only through its rich product offerings but also through its unwavering commitment to quality and innovation, which have earned it a reputation unparalleled in the industry. As of October 14, 2024, the Bombay Dyeing share price on the NSE is 238.70 INR. This article explores Bombay Dyeing’s performance, analyzing share price targets for the next few years, from 2024 to 2030, to provide investors with an informed perspective on this prominent enterprise.
Bombay Dyeing and Mfg Co Ltd: Market Overview
- Open Price: ₹220.93
- High Price: ₹239.50
- Low Price: ₹218.26
- Previous Close: ₹221.03
- Volume: 7,235,779
- Value (Lacs): 17,218.26
- VWAP: ₹233.41
- UC Limit: ₹265.23
- LC Limit: ₹176.82
- P/E ratio: 1.60
- Div yield: 0.50%
- 52-wk high: ₹243.20
- 52-wk low: ₹134.10
- Mkt cap: ₹4.92KCr
- Face Value: ₹2
Bombay Dyeing Share Price Chart
Bombay Dyeing Share Price Target: 2024 to 2030
| Bombay Dyeing Share Price Target Years | Share Price Target (₹) |
| 2024 | ₹260 |
| 2025 | ₹455 |
| 2026 | ₹662 |
| 2027 | ₹868 |
| 2028 | ₹1052 |
| 2029 | ₹1285 |
| 2030 | ₹1477 |
Bombay Dyeing Share Price Target 2024
The expected share price target for Bombay Dyeing in 2024 is ₹260. Several factors could significantly influence the share price growth trajectory:
- Market Demand for Textiles: The demand for textile products, both domestically and internationally, will be pivotal in determining Bombay Dyeing’s performance. A shift in consumer preferences towards sustainable high-quality fabrics aligns well with the company’s ethos of innovation, potentially boosting sales and revenue.
- Expansion and Diversification Initiatives: The company’s strategies to expand its product lines and enter new markets will play a critical role in revenue generation. New home furnishing product launches and international market penetration can create additional revenue streams, leading to share price increases.
- Raw Material Costs and Supply Chain Management: As the textile industry is sensitive to raw material price fluctuations, efficient management of supply chains and costs will be essential for maintaining profitability. Economic conditions and global disruptions may also affect production and financial performance.
Bombay Dyeing Share Price Target 2025
In 2025, the share price target for Bombay Dyeing is expected to be ₹455. The growth will be influenced by several dynamics:
- Technological Advancements: Adopting new technologies within production can enhance operational efficiency, lead to cost reductions, and improve product quality. Investments in sustainable production techniques can heighten competitiveness, making significant contributions to both revenue and share price.
- Consumer Trends Toward Sustainability: As consumers increasingly favor sustainable products, Bombay Dyeing’s capacity to respond with eco-friendly textile lines will enhance brand loyalty and potentially increase sales, positively impacting its growth potential.
- Economic Conditions and Global Trade Dynamics: Broader economic stability and growth significantly influence demand for textiles. Market conditions such as GDP growth, disposable incomes, and trade policies will be crucial for expanding Bombay Dyeing’s reach and boosting revenue.
Bombay Dyeing Share Price Target 2030
For 2030, the anticipated share price target for Bombay Dyeing is ₹1477. However, several challenges could impede growth:
- Intense Competition: The textile industry is notably competitive, with many challengers vying for market share. Price wars and a failure to innovate adequately could adversely affect Bombay Dyeing’s position and share price.
- Raw Material Price Fluctuations: Dependency on fluctuating raw material prices remains a challenge for Bombay Dyeing. External factors, including weather conditions and geopolitical events, can affect production costs, and a failure to manage these may harm profitability and share price.
- Regulatory Challenges: Stringent regulations can put financial pressures on compliance. Changes in labor laws, environmental standards, or trade policies might necessitate adjustments that could impact financial performance and market perception.
Shareholding Pattern for Bombay Dyeing and Mfg Co Ltd
- Promoter: 53.6%
- Foreign Institutional Investors (FII): 0.7%
- Domestic Institutional Investors (DII): 1.4%
- Public Shareholding: 44.3%
Bombay Dyeing and Mfg Co Ltd Financials
| (INR) | 2024 | Y/Y Change |
| Revenue | 16.88B | – |