hello friends today we are going to talk about Discussing in detail what will happen in the future Surat Textile Mills Share Price Target 2023 to 2030
Contents
Surat Textile Mills About :
Surat Textile Mills Limited manufactures and sells polyester filament yarn, polyester chips and spun yarn in India. It produces ring spun yarn in various product ranges including polyester, viscose, modal, polyester viscose blend and polyester modal blend. The company was earlier known as Garden Cottons & Yarns Limited. Surat Textile Mills Limited was incorporated in 1945 and is located in Surat, India.
Surat Textile Mills Company Essentials Data :
Also Read: EKI Energy Share Price Target 2023 to 2030
Surat Textile Mills Peer Comparison :
1.Indo Rama Synth
2.Banswara Syntex
3.Vardhman Acrylics
4.Sarla Perform Fiber
You must have read the name of the company above. We will also discuss about how Surat Textile Mills Ltd. is likely to perform in future.
Surat Textile Mills is involved in the manufacture of polyester chips and partially fiber yarn. Surat Textile Mills Limited is a leading manufacturer of Yarn and Polyester Chips. The company’s product range includes cotton yarn, synthetic filament yarn and polyester chips. The company also ventured into yarns construction business. The company produces the highest quality woven rope in the domestic market across the entire range of products. The company has a wide range of production lines in the village. The company is well equipped to meet the demand for high-quality cables for high-speed equipment and automated wiring. The target price of Surat Textile shares was able to hit it around 2022. If we talk about Surat Textile Mills Share Price Target 2023, then its first target of 2023 can be around Rs.10 and the second target can be around Rs.12.
Also Read : Godawari Power & Steel GPIL Share Price Target 2022, 2023, 2025, 2030
The company was established on November 29, 1945 under the Companies Act, 1913. Corporate management is entrusted to a board composed of professionals and individuals with wide technical, commercial and managerial experience. Chairman of the Board Shri M.R. Momaya who is the President and CEO of the company. The day-to-day operations are supervised by full time directors and assisted by a team of experienced and trained managers. The Board members of Surat Textile Mills in their meeting formally approved the proposal for sale of assets of its Jolwa Manufacturing Division at Village Jolwa, Taluka Palsana, District Surat in the form of continuous transfer of lump sum goods. Total views of 78 million. Price of two target shares in Surat Textile. The company was able to achieve this in 2023. If we talk about Surat Textile Mills Share Price Target 2024, then this year its first target can be Rs.15 and the second target price of Surat Textile shares can be found around Rs.19.
Surat Textile Mills reported a net loss of Rs 0.79 crore for the quarter ended December 2021, as against a net profit of Rs 5.62 crore for the quarter ended December 2020. Sales declined 97.21% to Rs 1.20 crore in the quarter ended December. 2021 as compared to Rs. Changed to 42.96% in Dec 2020. In this section, we try to make price estimation of two target stocks in Surat Textiles that would be able to recover by 2025. If we talk about Surat Textile Mills Share Price Target 2025, then this year its first target can be Rs.29 and the second target can be Rs.32.
If we talk about 2030, then it becomes for the long term. It is for those people who are looking to invest their money for long term. If we talk about Surat Textile Mills Share Price Target 2030, then it can perform well in 2030. Its first target of 2030 can be Rs 60 and the second target can be Rs 65.
Future of Surat Textile Mills:
Fuel crisis due to shortage of coal and increase in cost of dyes and chemicals has led to increase in production cost, forcing many mill owners in Surat to shut down dyeing and printing mills. Business experienced a similar decline when migrant workers employed in these processing centers returned to their provinces during industrial declines.
Risk of Surat Textile Mills:
The stock trades at 2.82 times its book value.
The company reports recurring profits, it does not issue shares. The company has experienced negative sales growth of 0.17% over the last five years.
Company has low return on equity of 9.14% in last 3 years.
conclusion :
After reading the article, you must have got an idea of how the company can show in future with business details. If you still have any question in your mind, then you must ask in the comment. I regularly share information related to the stock market with your readers.
Disclaimer: In this post we have just evaluated the company. We have not recommended any investment on this stock. Consult a financial advisor before making any investment.