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Scooters India Ltd has carved a niche for itself in the Indian automotive sector, especially in the manufacturing and marketing of scooters and three-wheelers. Founded in 1972, this company has consistently strived to provide affordable and reliable transportation solutions to the Indian populace. It is particularly noted for its three-wheeled vehicles that serve both passenger and goods transport needs, making it a staple in urban and rural mobility. As of October 9, 2024, Evolet’s share price on the National Stock Exchange (NSE) stands at 78.80 INR. This article delves deeper into the Evolet share price predictions from 2024 to 2030, providing valuable insights for potential investors.
Scooters India Ltd: Market Overview
- Market Capitalization: ₹688 Cr
- Return on Equity (ROE): 139.69%
- Price-to-Earnings (P/E) Ratio (TTM): -22.07
- Earnings per Share (EPS) (TTM): -3.57
- Price-to-Book (P/B) Ratio: 0.00
- Dividend Yield: 0.00%
- Industry P/E: 36.11
- Book Value: -2.55
- Debt to Equity Ratio: -2.56
- Face Value: ₹10
Evolet Share Price Overview
Understanding the Evolet share price movement is crucial for potential investors. The following chart provides a visual overview of the Evolet share price trend over time.
Evolet Share Price Chart
Evolet Share Price Targets (2024 – 2030)
| Evolet Share Price Target Years | Predicted Evolet Share Price (INR) |
|---|---|
| 2024 | ₹100 – ₹115 |
| 2025 | ₹150 – ₹200 |
| 2026 | ₹220 – ₹270 |
| 2027 | ₹280 – ₹330 |
| 2028 | ₹340 – ₹400 |
| 2029 | ₹420 – ₹480 |
| 2030 | ₹500 – ₹600 |
Evolet Share Price Target (2025)
The anticipated share price target for Evolet in 2025 ranges from ₹150 to ₹200. Several vital factors could notably influence this target:
- Market Demand and Adoption of Electric Vehicles:
- Increasing Interest in Electric Scooters: As eco-friendly transportation options gain traction, demand for electric scooters will likely surge. Evolet must harness this trend by providing dependable and cost-effective electric scooters to drive sales.
- Urbanization and Mobility Needs: Heightened urbanization and the quest for efficient last-mile connectivity can lead to amplified demand for Evolet’s products, positively influencing revenue and share price.
- Technological Innovation and Product Development:
- Advanced Battery Technology: Focusing on R&D to enhance battery life and performance can position Evolet competitively. High-quality technology is essential for attracting clientele and bolstering brand reputation.
- Smart Features and Connectivity: Adding features such as IoT connectivity and advanced safety mechanisms could resonate with tech-savvy consumers, subsequently driving up sales and share price.
- Government Policies and Incentives:
- Subsidies and Incentives for Electric Vehicles: Favorable government measures, including tax benefits and subsidies, can enhance affordability for consumers, leading to increased sales for Evolet.
- Environmental Regulations: Stricter emission standards could drive demand for electric scooters, presenting Evolet with opportunities for compliance and growth.
Evolet Share Price Target (2030)
In 2030, the expected target for Evolet’s share price is projected between ₹500 and ₹600. The following factors will be pivotal:
- Expansion of Electric Vehicle Infrastructure:
- Charging Network Growth: The development of an extensive charging infrastructure will be crucial as the EV market evolves, influencing Evolet’s growth prospects.
- Battery Technology Advancements: Innovations in battery tech, including enhanced range and reduce costs, will play a catalytic role in determining Evolet’s competitiveness.
- Sustainability and Environmental Awareness:
- Demand for Green Transport: With increasing global emphasis on sustainability, Evolet’s ability to meet rising demand for eco-friendly vehicles will be essential for fostering long-term growth.
- Compliance with Emission Regulations: Aligning with stringent emission guidelines can boost Evolet’s sales, enhancing its role in the green transport sector.
- Global Expansion and Market Penetration:
- International Market Entry: Evolet’s success will also rely on penetration into global markets, particularly in regions that show a keen interest in electric mobility.
- Brand Reputation and Customer Trust: Establishing a strong brand will foster customer loyalty and influence Evolet’s market position and share price growth by 2030.
Shareholding Pattern for Scooters India Ltd
| Promoters | 93.87% |
| Domestic Institutional Investors (DII) | 3.88% |
| Retail and Others | 2.25% |
Visual Representation of Shareholding Pattern
Scooters India Ltd Financials
| Revenue | ₹1.34 Cr |
| Expenses | ₹-12.15 Cr |
| EBITDA | ₹14.85 Cr |
| EBIT | ₹14.85 Cr |