Kritika Wires Share Price Target 2024, 2025, 2026, 2030
Kritika Wires Share Price Target 2024, 2025, 2026, 2030: Today we are going to give you information about the share price target of a company which works in the wire sector.
The name of the company we are talking about is Krutika Wire Limited. This company has made good returns to its investors in the last 1 year and in the last 5 years.
The company has given returns of 250 percent to its investors in the last 1 year and about 230 percent in the last 5 years. This is a small cap company.
If you have invested in this company or are thinking of investing and you want to know where the share price target of the company will go in the coming years, then we will give you information about the same through this article.
We will give you information about the future share price target of the company and the business, fundamentals and valuation of the company so that you know all the information before investing in this company.
About Kritika Wires Company Business
Kritika Wires Limited is not a very old company. This company was started in 2004. The headquarters of this company is in Kolkata, West Bengal.
Kritika Wires Limited manufactures, exports and supplies a wide range of Industrial Steel Wires and Galvanised Wires.
Kritika Wires Limited is a professionally managed company by Jai Hanuman Group. This company manufactures steel wire and galvanized wire for Power Grid Corporation, State Electricity Boards.
The share price of this company at present is ₹ 13. The market cap of the company is 345 crores which makes it a small cap company.
| Company Name | Kritika Wires Ltd |
| Market Cap | 345 Cr. |
| 52 High/Low | 13.0 / 2.20 |
| Debt | 45.8 Cr. |
| PE Ratio | 47.1 |
| ROE | 8.38 % |
| ROCE | 11.8 % |
| Debt To Equity | 0.59 |
| Pramoter Holding | 59.9 % |
| Price To Book Value | 4.45 |
Kritika Wires Ltd Past Year Return
This company has given good returns to its investors by 250% in the last 1 year and 230% in the last 5 years.
| Kritika Wires Ltd Return | In Percent |
| 1 Month Return | 6.87 % |
| 1 Year Return | 251 % |
| 5 Year Return | 234 % |
Kritika Wires Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
| Year | Minimum Price (₹) | Maximum Price (₹) |
| Kritika Wires Share Price Target 2024 | 16.24 रु | 16.57 रु |
| Kritika Wires Share Price Target 2025 | 20.22 रु | 20.62 रु |
| Kritika Wires Share Price Target 2026 | 26.81 रु | 27.08 रु |
| Kritika Wires Share Price Target 2027 | 32.76 रु | 33.09 रु |
| Kritika Wires Share Price Target 2028 | 38.06 रु | 38.44 रु |
| Kritika Wires Share Price Target 2029 | 48.05 रु | 48.53 रु |
| Kritika Wires Share Price Target 2030 | 55.80 रु | 68.08 रु |
| Kritika Wires Share Price Target 2035 | 194.13 रु | 196.07 रु |
| Kritika Wires Share Price Target 2040 | 784 रु | 799 रु |
We have given a good share price target for Kritika Wires Ltd because the company has shown good business performance over the last several years and the company appears to be a fundamentally strong company.
It is expected that the business of the company will perform well in the coming years also and the company will make good returns to its investors, due to which we are expecting the shares of this company to remain good.
If the company continues to generate profits like in the previous years, then this company definitely has the ability to make multibagger returns in the coming 5 to 10 years.
Kritika Wires Share Price Target 2024
Kritika Wires Limited has a manufacturing unit in Sankrail Industrial Park, Howrah with a total capacity of 66,200 MTPA. Which the company wants to increase further in the coming years.
Kritika Wire Limited is working in a sector which will see good growth in the coming years.
Infrastructure is very important for any developed country and at present the Indian government is spending a lot of money on infrastructure, due to which the wire manufacturing company will see its benefits.
Considering these points of the company, Kritika Wires Share Price Target 2024 will be good in 2024 and you can see the share of this company going to the price of Rs 16 to 17 in 2024.
| Kritika Wires Share Price Target 2024 | Price |
| January | 13.10 |
| February | 13.70 |
| March | 14.00 |
| April | 14.10 |
| May | 14.60 |
| June | 14.70 |
| July | 14.90 |
| August | 15.10 |
| September | 15.90 |
| October | 16.12 |
| November | 16.24 |
| December | 16.57 |
Kritika Wires Share Price Target 2025
About 96% of the company’s revenue comes from product sales and 99% of the company’s geographical revenue comes from the domestic market. That means the company is completely dependent on Indian business.
The profit of Kritika Wires Limited was Rs 1 crore in March 2021, which increased to Rs 6 crore in March 2023.
Krutika Wire Limited Company has shown a profit growth of 65% CAGR in the last 3 years which would be considered a good number.
If the company shows similar profit growth in the coming years, the target for 2025 is expected to be good and you will see the shares of this company going to the level of ₹ 20 in 2025.
| Kritika Wires Share Price Target 2025 | Price |
| January | 16.70 |
| February | 16.90 |
| March | 17.10 |
| April | 17.80 |
| May | 18.05 |
| June | 18.45 |
| July | 18.89 |
| August | 19.15 |
| September | 19.45 |
| October | 19.88 |
| November | 20.22 |
| December | 20.62 |
Kritika Wires Share Price Target 2026
If we look at the customers of Krutika Wires Limited, both government and private companies are its customers.
This company works for big companies like Bajaj Electricals, Godrej & Boyce, Tata Projects, Hindusthan Urban Infrastructure, Power Grid, Kalpataru, Power Transmission, B & T Group, Voltas, BRB.
Now if we talk about Kritika Wires Share Price Target 2026, then the share price of this company seems to go up to ₹ 27 by 2026.
| Kritika Wires Share Price Target 2026 | Price |
| January | 21.10 |
| February | 21.30 |
| March | 22.15 |
| April | 22.50 |
| May | 23.05 |
| June | 23.55 |
| July | 24.20 |
| August | 24.60 |
| September | 25.10 |
| October | 25.80 |
| November | 26.81 |
| December | 27.08 |
Kritika Wires Share Price Target 2030
The market cap of this company is only Rs 345 crore, due to which it becomes a small cap company. If any small cap company shows good business growth.
And if your business and its profits continuously increase, then the share price of a small cap company goes up much faster than the share of a large cap company.
For this reason, small cap companies are considered more risky and these small cap companies also give higher returns.
At present, Krutika Wire Limited has a debt of about Rs 45 crores, which will not be considered very high as per the market cap. The share price of the company is currently trading at a PE ratio of 47, which is a little high as per the valuation. Is.
Looking at the company’s revenue, the company’s revenue was Rs 135 crore in March 2021, which has increased to Rs 282 crore in March 2023. The company’s share price target 2030 will be seen trading at ₹ 48 to ₹ 50 in 2030.
| Kritika Wires Share Price Target 2030 | Price |
| January | 27.30 |
| February | 30.30 |
| March | 32.80 |
| April | 34.10 |
| May | 36.40 |
| June | 38.20 |
| July | 40.10 |
| August | 42.33 |
| September | 45.36 |
| October | 46.12 |
| November | 48.05 |
| December | 48.53 |
Shareholding Pattern
The promoter’s holding in this company is 59 percent. Public holding was 27 percent in December 2022, which has increased to 40 percent in December 2023. Currently, FII and DII do not have any holding in this company.
| Dec 2022 | Mar 2023 | June 2023 | Sep 2023 | Dec 2023 | |
| Promoter | 72.89 % | 72.89 % | 72.89 % | 72.89 % | 59.86 % |
| FII | – | – | – | – | – |
| DII | – | – | – | – | – |
| Public | 27.11 % | 27.11 % | 27.11 % | 27.11 % | 40.14 % |
Should I invest in Kritika Wires Ltd stock or not?
Krutika Wire Limited is a small cap company and the company also comes in the category of penny stock. The revenue and profit of the company are continuously increasing and the fundamentals of the company also appear to be fine.
The company has little debt and currently the company is trading at a PE of 47, which means the company is not very expensive.
If you are thinking of investing in this company then you can buy at a slight dip but keep in mind that the company will make you good returns only when the company gives continuous revenue and profit.
If the revenue growth and profit growth of the company stops, then you may suffer huge losses by investing in the company.
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