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Suprajit Engineering Ltd., a prominent player in the manufacturing of mechanical and electronic control cables, has established itself as a vital supplier to the automotive industry since its inception in 1985. Over the years, the company has evolved into a global entity, catering not only to motorcycles and passenger cars but also commercial vehicles and diverse non-automotive sectors, including lawnmowers. This article delves into Suprajit Engineering’s share performance and provides detailed forecasts for its share price targets from 2024 through 2030. As of October 23, 2024, the Suprajit Engineering share price on the NSE stands at ₹486.65.
Market Overview of Suprajit Engineering Ltd
- Open Price: ₹488.50
- High Price: ₹495.45
- Low Price: ₹480.00
- Previous Close: ₹495.45
- Volume: 102,979
- Value (Lacs): ₹501.46
- VWAP: ₹489.84
- Upper Circuit Limit: ₹594.50
- Lower Circuit Limit: ₹396.40
- P/E Ratio: 39.18
- Dividend Yield: 0.51%
- 52-Week High: ₹639.60
- 52-Week Low: ₹353.75
- Market Capitalization: ₹6.67K Cr
- Face Value: ₹1
Competitors of Suprajit Engineering Ltd
Suprajit Engineering operates in a competitive landscape. Here are five notable competitors:
- Minda Corporation Ltd
Market Capital: ₹9,700 crore - Lumax Auto Technologies Ltd
Market Capital: ₹3,600 crore - Bharat Forge Ltd
Market Capital: ₹47,000 crore - Sundram Fasteners Ltd
Market Capital: ₹21,500 crore - Gabriel India Ltd
Market Capital: ₹5,300 crore
Suprajit Engineering Share Price Chart
Suprajit Engineering Share Price Targets: 2024 – 2030
| Year | Share Price Target (INR) |
| 2024 | ₹530 |
| 2025 | ₹725 |
| 2026 | ₹842 |
| 2027 | ₹965 |
| 2028 | ₹1047 |
| 2029 | ₹1125 |
| 2030 | ₹1288 |
Share Price Target for 2024
The expected share price target for Suprajit Engineering in 2024 is ₹530. The following factors are critical in determining this growth:
- Automotive Demand: The demand for automotive components, especially in two-wheeler and passenger vehicle segments, significantly influences Suprajit Engineering’s performance.
- Global Expansion: Strategies involving global expansion and acquisitions could augment revenue and shareholder value.
- Raw Material Costs: Variations in the prices of raw materials such as steel can affect profit margins. Cost management practices are essential for sustaining profitability.
Share Price Target for 2025
The projected share price target for 2025 is ₹725. Important factors impacting this target include:
- Technological Changes: The evolution of the auto industry towards electric vehicles (EVs) requires Suprajit to innovate continually to maintain its market position.
- Market Penetration: Penetrating new markets globally can fuel revenue growth significantly.
- Government Policies: Favorable policies can help, but any restrictions could hinder growth.
Share Price Target for 2030
The expected target for Suprajit Engineering by 2030 stands at ₹1288. Key growth drivers include:
- EV Industry Growth: As the demand for EVs rises, Suprajit’s adaptability to produce compatible components will significantly influence its financial success.
- Sustainability Practices: Adopting green practices enhances market competitiveness and brand reputation.
- R&D Investments: Ongoing investment in research and development will keep the company at the technology forefront.
Shareholding Pattern of Suprajit Engineering Ltd
- Promoters: 44.64%
- Foreign Institutional Investors (FII): 6.3%
- Domestic Institutional Investors (DII): 17.21%
- Public Shareholding: 31.85%
Financial Overview of Suprajit Engineering Ltd
| (INR) | 2024 | Year-on-Year Change |
| Revenue | 28.96B | 5.21% |
| Operating Expense | 9.29B | 6.65% |
| Net Income |