Today we will be discussing SEL Manufacturing share price target from 2024 to 2030, we will do a complete analysis of this company, what this company does, how strong or weak is company’s fundamentals, what the future holds for this company, and some past analysis as well. Sel manufacturing is listed in NSE as SELMC and in BSE as 532886.
This company was a multi-bagger with an unimaginable return where its stock went to almost 1800 from 1.37 in 1 year but since then stock has been going down the hill till now. Was it a pump and dump or did something happen in that time, we will try to understand in this article. Let’s start with our prediction for this stock.
Table of Contents
Sel Manufacturing Share Price Target 2024, 2025, 2026, 2027, 2028, 2029 and 2030
| Year | 1st Price Target | 2nd Price Target |
|---|---|---|
| 2024 | 75 | 80 |
| 2025 | 88 | 95 |
| 2026 | 106 | 115 |
| 2027 | 120 | 125 |
| 2028 | 127 | 133 |
| 2029 | 131 | 140 |
| 2030 | 144 | 156 |
About Sel Manufacturing
Sel Manufacturing Company Limited is a textile company that manufactures many types of yarns, fabric, knitted garments, and terry towels. This small-cap company was founded way back in 1969.
Fundamental Analysis
All the data is as of 23/12/2023.
Company Key Metrics
| Metric | Value |
|---|---|
| MARKET CAP | ₹ 245.03 Cr. |
| P/E Ratio | 0 |
| P/B Ratio | 9.79 |
| FACE VALUE | ₹ 10 |
| DIV. YIELD | 0 % |
| 52 Weeks High | ₹ 613.90 |
| 52 Weeks Low | ₹ 73.95 |
| PROMOTER HOLDING | 75 % |
| EPS (TTM) | ₹ -69.64 |
| ROE | -90.18 % |
| ROCE | -12.10% |
| PROFIT GROWTH | -41.52 % |
| Debt to Equity | 57.32 |
Last 5 Year’s Consolidated Revenue and Profit (In Crores)
| Year | Revenue | Profit |
|---|---|---|
| 2019 | 698 | -372 |
| 2020 | 452 | -587 |
| 2021 | 193 | 2507 |
| 2022 | 427 | -131 |
| 2023 | 574 | -186 |
Findings from the tables
- Sel Manufacturing is a small-cap company.
- The PE ratio is Zero, which itself tells the story.
- The stock price is going down consistently.
- Promotor Holding is good and at 75%.
- The company is in huge debt.
- They are generating revenue but are still not able to generate profit and making losses every year.
Industry Analysis
Sel Manufacturing is in the textile manufacturing industry, which in every mean will only grow in the future and it is one of the evergreen industries which will never run out of customers. Sel Manufacturing has the potential to grow in the future if we consider the industry. Industry-wise it is a good company to invest in.
Also Read: RattanIndia Enterprises share price target
Peer Comparision
The textile industry has some major players which will give tough competition to Sel Manufacturing. As it is an evergreen industry, the competition must be expected and many small-cap companies are also doing good in this industry, Selmcl will have to perform if they want to win their investor’s trust. Some of its peer companies are:
- Vardhman Textile
- Arvind Ltd
- Ambika Cotton
- Sutlej Textiles
Company Growth Prospect
- The textile market is expected to grow by 3 times by 2030, so Sel Manufacturing has an opportunity to grow in the future.
- Not must is provided to expect any exponential growth.
200 Days Moving Average
Sel Manufacturing screener shows share price is trading below 200 DMA, 50 DMA is also below, which indicates stock is going down continuously. Although it is not overbought but doesn’t seem like an ideal stock to invest in.
Is Sel Manufacturing a Good Buy?
As per the above analysis, it is an overvalued stock and it is continuously going down the hill. Sel Manufacturing has the potential to grow big in the future but there are a lot of things going against the company right now. There are some criminal cases are also going on against the company. I would suggest to keep a watch on this company for now. Here is some pros and cons for better understanding:
Pros
- The textile industry is expected to grow in the future.
- It has been a multi-bagger once.
Cons
- The company is in huge debt.
- Negative profit growth
- Trading at almost 15 times its book value.
- ROE and ROCE are negative.
- Zero PE ratio.
Sel Manufacturing Share Price Target 2024
As per the above analysis, if the company improves its fundamentals and everything starts to go in the right direction then it may stay stable and it can trade between 75-80 in 2024.
Sel Manufacturing Share Price Target 2025
Based on the analysis and future growth perspective, the best-case scenario is Sel Manufacturing’s share may trade between 88 to 95 in 2025.
Sel Manufacturing Share Price Target 2030
If you are planning to invest long-term in this company, then it is likely to trade between 144 to 156 in 2030. But that depends on various factors.
These predictions are based on the fact that this company start making profits in the future, until then it would be highly risky to invest in Sel Manufacturing.
Conclusion
As per above analysis, Sel Manufacturing is an overvalued stock and its share price has been going downhill drastically for the past 2 years. It wouldn’t be wise to invest in this company until it shows some pattern of growth and profit.
Disclaimer: Information provided in this article is my personal opinion and it is for general informational purposes only and should not be considered as financial advice. Investing involves risks, and individuals should conduct their own research or consult with a qualified financial professional before making any investment decisions. Past performance is not indicative of future results, and the content provided is subject to change without notice. We do not guarantee the accuracy or completeness of the information and disclaim any liability for financial decisions made based on this content.
FAQs
What does SEL manufacturing company do?
It is a textile manufacturing company that manufactures many types of yarns, fabric, knitted garments, and terry towels.
What is the old name of SEL manufacturing company?
It was incorporated as Saluja Exim Limited before renaming its name to SEL Manufacturing.
What is the share price target for SEL manufacturing company in 2025?
The best-case scenario is Sel Manufacturing’s share may trade between 88 to 95 in 2025.
What is the share price target for SELmcl in 2023?
If we follow the current trend, then it could trade somewhere around 72 in 2023.
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