In this article, we will analyze the Plaza Wires share price target for 2023, 2024, 2025, 2030, and 2035 based on the company’s financials and various reports from brokerage firms.
Plaza Wires was listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with the symbol of “PLAZACABLE” on 12 October 2023.
Table of Contents
Recent News-
Plaza Wires shares are expected to be listed on the BSE and NSE at a price of Rs 65 per share, 20% higher than the issue price of Rs 51–54.
IPO was open for subscription applications from September 29 to October 5, 2023.
The total IPO issue size is 71.28 crore, which will be used by the company for general corporate purposes.
Stock Performance
The total revenue or turnover of Plaza Wires is INR 100-500 crore.
The net worth of the company has increased by 15.21%.
The EBITDA of the company has increased by 18.42%.
The total assets of Plaza Wires have increased by 4.66%.
The return on equity of the Plaza Wires is 15.2%
The company has compounded sales growth by 5% in the last 3 years.
In the last three years, the company’s compound profit growth has been 23%.
Company overview-
Plaza Wires was incorporated in 2006 and engaged in the business of manufacturing and selling wires, LT aluminum cables, and fast-moving electrical goods (FMEG) under the brand name “Plaza Cables”.
Plaza Wires product range includes various types of wires and cables and FMEG items such as electric fans, water heaters, switches, switchgear, PVC insulated electrical tape, and PVC conduit pipes and accessories.
The primary products are in the category of wires and cables, including building wires, single and multi-core round flexible industrial cables, industrial cables for submersible pumps and motors, TV dishes, antennas, computers, and LAN networking cables.
“The company has received recognition as one of the “10 most promising electrical cable manufacturers” by the Industrial Outlook Magazine.”
The company has established the proposed manufacturing unit and broadened its product range.
Fundamentals-
| Market Cap | 361 Cr |
| P/E Ratio | 107.09 |
| Industry P/E | 58.29 |
| Debt to Equity | 0.35 |
| Dividend Yield | 0.00% |
| Return on Equity | 3.08% |
Net-profit margin-
| Year | Revenue | Profit |
|---|---|---|
| 2024 | 200 | 4 |
| 2023 | 182 | 8 |
| 2022 | 177 | 6 |
| 2021 | 145 | 4 |
The company has reported its revenue of Rs 182 Cr, Rs 177 Cr, and Rs 145 Cr with respective FY23, FY22, and FY21.
Share-holding Pattern
| Dec’23 | |
|---|---|
| Promoters | 69.83% |
| Retail | 27.97% |
| Foreign Institutions | 2.20% |
Share price targets for a specific company are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
We will predict the Plaza Wires share price target in 2023, 2024, 2025, 2030, and 2035 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
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Plaza Wires share price target: 2023
The company intends to use the IPO money for the establishment of 30 additional stores and 2 warehouses, as well as for working capital needs, debt repayment, and general corporate purposes.
| 2023 | Minimum Share Price | Maximum Share Price |
|---|---|---|
| November 2023 | 85 | 135 |
| December 2023 | 88 | 140 |
The share price of Plaza Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 140 in December 2023 and a minimum price target of Rs 60 in September 2023. The average price target for Plaza Wires in 2023 is expected to be around Rs 110.
Plaza Wires share price target prediction for 2023 is based on the company’s financials, previous trends, and various brokerage firm reports.
Plaza Wires share price target: 2024
| 2024 | Minimum share price | Maximum share price |
|---|---|---|
| February 2024 | X | X |
| March 2024 | X | X |
| April 2024 | X | X |
| May 2024 | X | X |
| June 2024 | X | X |
| July 2024 | X | X |
| August 2024 | X | X |
| September 204 | X | X |
| October 2024 | 75 | 88 |
| November 2024 | 84 | 96 |
| December 2024 | 92 | 102 |
The share price of Plaza Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 102 in December 2024 and a minimum price target of Rs 75 in October 2024. The average price target for Plaza Wires in 2024 is expected to be around Rs 93.
Plaza Wires Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
Plaza Wires share price target: 2025
The company has the potential to grow its business due to its strong brand presence, expanding footprint, and focus on online sales.
| 2025 | Minimum share price | Maximum share price |
|---|---|---|
| January | 103 | 118 |
| February | 118 | 125 |
| March | 124 | 138 |
| April | 135 | 141 |
| May | 144 | 155 |
| June | 151 | 168 |
| July | 168 | 175 |
| August | 177 | 185 |
| September | 185 | 198 |
| October | 194 | 205 |
| November | 203 | 224 |
| December | 215 | 242 |
The share price of Plaza Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 242 in December 2025 and a minimum price target of Rs 103 in January 2025. The average price target for Plaza Wires in 2025 is expected to be around Rs 185.
Plaza Wires share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
Plaza Wires share price target: 2030
The industry in which the company operates is very competitive, and therefore growth opportunities are limited. Although the south market is good, expansion in the north market looks tough.
| 2030 | Minimum share price | Maximum share price |
|---|---|---|
| January | 555 | 590 |
| February | 568 | 612 |
| March | 584 | 635 |
| April | 592 | 644 |
| May | 605 | 648 |
| June | 618 | 655 |
| July | 625 | 671 |
| August | 640 | 685 |
| September | 655 | 697 |
| October | 672 | 712 |
| November | 684 | 725 |
| December | 692 | 744 |
The share price of Plaza Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1237 in December 2030 and a minimum price target of Rs 964 in March 2030. The average price target for Plaza Wires in 2030 is expected to be around Rs 1155.
Plaza Wires Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Plaza Wires share price target: 2035
| 2035 | Minimum share price | Maximum share price |
|---|---|---|
| January | 1554 | 1620 |
| February | 1610 | 1680 |
| March | 1667 | 1733 |
| April | 1695 | 1768 |
| May | 1744 | 1805 |
| June | 1782 | 1866 |
| July | 1850 | 1920 |
| August | 1912 | 1975 |
| September | 1974 | 2027 |
| October | 2012 | 2110 |
| November | 2080 | 2186 |
| December | 2144 | 2255 |
The share price of Plaza Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2255 in December 2035 and a minimum price target of Rs 1554 in January 2035. The average price target for Plaza Wires in 2035 is expected to be around Rs 1852..
Plaza Wires Share’s price target prediction for 2035 is based on the company’s financials, previous trends, and various brokerage firm reports.
Strength of Plaza Wires
The company has expanded its product range by introducing miniature circuit breakers and distribution boards in India’s northern and southern regions.
The company has a customer base in 31 states and union territories as of March 31, 2023.
The company has 1,249 authorized dealers and distributors.
The company has established partnerships with more than 20 service centers for electric fan after-sales service in Uttar Pradesh, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu.
Weaknesses of Plaza Wires
A large portion of Plaza Wire sales come from specific geographic regions. This could negatively impact revenue and operational results.
The company holds significant secured loans of more than 100 crore as of March 31, 2023.
Plaza Wires promoters are involved in legal proceedings, which could significantly impact the company’s business and financial condition.
The company has negative cash flow on its balance sheet.
Conclusion
The company’s revenue has increased at a CAGR of 16%. Over the last 3 years, the operating margin of the company has significantly risen, ranging from 12 to 15%.
Looking ahead, experts project the company’s share price goal might increase by almost 100% from its current issue price.
Plaza Wires share price targets for 2023, 2024, 2025, 2030, and 2035 are discussed above.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not an investment advice.
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Very Good information
Sir I have 2000 share plaza wires rate 110.63
Is hold or sell
Guidelines please
Dear i’m not SEBI registered advisor. Please consult a SEBI-registered financial advisor for your financial matters before investing and taking any decision. We are not responsible for your any kind of profit and loss.