Today we are going to discuss Kritika Wires share price target 2025. We will also discuss further years like 2026 to 2030 as well, what this company does, how the company is performing fundamentally, and what the future holds for the company. The stocks of Kritika Wires has been performing well since April 2023 and that made investor curious whether it is just a fluke or the company will perform in the future as well. We will dive deep into the analysis of the same, so let’s start with my prediction or estimates of the share price targets.
Table of Contents
Kritika Wires Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | 29 | 34 |
| 2025 | 34 | 40 |
| 2026 | 38 | 42 |
| 2027 | 40 | 45 |
| 2028 | 44 | 50 |
| 2029 | 48 | 53 |
| 2030 | 50 | 60 |
About Kritika Wires
Kritika Wires is an Indian company which is in the manufacturing sector founded in 2004 by Naresh Kumar Agarwal. The company’s main business is to manufacture every type of steel wires and galvanized wires and then export and supply to various industries. Kritika Wires is based in Kolkata, West Bengal. They have an excellent and big client base.
Fundamental Analysis
Company Key Metrics
| Market cap | ₹ 254.74 Cr. |
| ENTERPRISE VALUE | ₹ 275.07 Cr. |
| NO. OF SHARES | 8.88 Cr. |
| P/E Ratio | 34.80 |
| P/B Ratio | 3.29 |
| Debt to Equity | 0.59 |
| FACE VALUE | 2.00 |
| DIV. YIELD | 0.00 |
| BOOK VALUE (TTM) | ₹ 8.73 |
| CASH | ₹ 1.68 Cr. |
| DEBT | ₹ 22.01 Cr. |
| PROMOTER HOLDING | 72.89% |
| EPS (TTM) | ₹ 0.82 |
| SALES GROWTH | 0.16 |
| ROE | 8.37 % |
| ROCE | 0.12 |
| PROFIT GROWTH | 48.67 % |
| 52 Weeks High | ₹ 29.20 |
| 52 Weeks Low | ₹ 6.60 |
Last 5 Year’s Revenue and Profit
| Year | Revenues (In Crores) | Profit |
|---|---|---|
| 2019 | 279 | 6.75 |
| 2020 | 178 | 1.50 |
| 2021 | 139 | 0.78 |
| 2022 | 246 | 4.03 |
| 2023 | 287 | 5.99 |
Findings From The Tables
- It is a small-cap company, and doing good business for the past few years.
- We can see PE ratio is a little higher than the standard industry PE ratio, which is not favorable for the company.
- Kritika Wires has been growing its revenue for the past 3 years and making a profit from the last 5 years, this makes the company a very good share for investment
- Promoter holding is also more than 70 percent which is a good sign.
- Overall a decent company with a good future if it continues to grow at the same pace.
Industry Analysis
India is a growing country and the manufacturing sector will be growing as well, it is one of the evergreen sectors, which makes Kritika Wires a good stock to invest in as it has a good future to grow.
Also Read: RVNL Share Price Target 2024 to 2040
Peer Analysis
As I said it is a growing sector, it has many good companies that could be alternatives for Kritika Wires but then again Kritika Wires is not inferior in any sense and should you invest in this company then it has the potential to become a multibagger stock.
Company Growth Prospect
- Kritika Wires has a strong client base, some of them are prominent companies like Power Grid, Bajaj Electricals, Voltas, etc.
- Kritika Wires has the potential to grow and recent growth is proof of that.
200 Days Moving Average
Currently, the stock is trading at 28.70 and the 200 DMA is 19.24, which suggests that the stock is overvalued as of now, and investing wouldn’t be a wise decision right now, but Kritika Wires is growing at a steady pace. Keep Kritika wires on your watchlist as this stock has the potential to become a multi-bagger stock.
Kritika Wires Share Price Target 2024
Analyzing all the factors given above and following the current trend of the stock, it may trade between 29 to 34 in 2024.
Kritika Wires Share Price Target 2025
Kritika Wires has done good business recently which shows the sincerity of the company and willingness to grow in the future, with that in mind we can estimate that its stock may trade between 34 to 40 in 2025.
Kritika Wires Share Price Target 2026
If Kritika Wires continues the current form then it may trade between 38 to 42 in 2026.
Kritika Wires Share Price Target 2030
Kritika Wires is one of those companies that you may want to keep on your watchlist, the company is growing at a very good speed and if it follows this trend in the future as well then we can estimate that its stock will trade between 50 to 60 in 2030.
Conclusion
Kritika Wires is a company that has the potential to grow in the future but right now stock may be overvalued, I would suggest keeping this stock on your watchlist because it may rise very quickly and I don’t want you people to lose out on this opportunity.
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
Is Kritika Wires a good buy?
It has the potential to become a multi-bagger but I would suggest you keep this stock on your watchlist for now.
What is the dividend of Kritika Wires?
Kritika Wires has not given dividends in 2023.
What is the promoter holding of Kritika Wires?
Promoters have a shareholding of 72.89%.
Who is the owner of Kritika Wires?
Naresh Kumar Agarwal is the owner of Kritika Wires.
What is the business of Kritika Wires?
Kritika Wires manufactures and supplies industrial steel wires and galvanized wires.