In this article, we will try to analyze the CG Power share price target for 2024 to 2030 based on the company’s financials and various reports from research and brokerage firms.
Table of Contents
CG Power was established in 1937 in India; since then, the company has been engaged in the business of the management and application of electrical energy. CG has emerged as a supplier of high-quality smart electrical, industrial, and consumer products and solutions all over the world.
In recent times, CG Power has partnered with Japan’s Renesas Electronics and Thailand’s Stars Microelectronics for a semiconductor manufacturing facility in Sanand, Gujarat, as a part of the Make in India initiative. The total investment will be $222 million (7,600 crore). Through this joint venture, the proposed plant is anticipated to have a daily capacity of 15 million chips.
Stock Performance
CG Power has delivered Compounded Sales Growth of 40% in the last 3 years.
CG Power has delivered Compounded Profit Growth of 111% in the last 3 years.
CG Power has delivered Stock Price CAGR of 96% in the last year.
CG Power has delivered Return on Equity (RoE) 58% in the last 3 years.
Recent Quarter 4 Result-
| Q4 FY24 | Q4 FY23 | |
|---|---|---|
| Sales | 2,192 | 1,903 |
| Expenses | 1,908 | 1,627 |
| Profit before tax | 301 | 447 |
| Net profit | 234 | 426 |
| EPS | 1.53 | 2.79 |
| Dividend | 14% | 24% |
Annual financial Highlight-
| | FY 24 | FY 23 |
|---|---|---|
| Sales | 8,046 | 6,973 |
| Expenses | 6,918 | 5,967 |
| Borrowings | 17 | 16 |
| Profit before tax | 1,715 | 1,169 |
| Net profit | 1,428 | 963 |
| EPS | 9.34 | 6.30 |
| Dividend | 14% | 24% |
Financials
| Market Cap | 1,01,262 |
| P/E Ratio | 70.99 |
| Industry P/E | 82.46 |
| Debt to Equity | 0.01 |
| Return on Equity | 28.31% |
| Dividend Yield | 0.20% |
Net-profit margin
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 7,040 | 796 |
| 2022 | 5,521 | 630 |
| 2021 | 3,075 | 1,280 |
| 2020 | 5,158 | -1,324 |
| 2019 | 8,049 | -492 |
Share-holding Pattern
| Mar’24 | Dec’23 | Sep’23 | Jun’23 | Mar’23 | |
|---|---|---|---|---|---|
| Promoters | 58.11% | 58.11% | 58.12% | 58.12% | 58.12% |
| Retail | 16.60% | 20.02 | 20.55 | 18.17% | 22.43% |
| FII | 15.18% | 16.05% | 16.74% | 15.94% | 15.39% |
| Mutual Funds | 6.49% | 5.82% | 4.59% | 4.45% | 4.06% |
| DII | 3.61% | 0.00% | 0.00% | 3.32% | 0.00% |
Share price targets for CG Power are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
But we will predict the CG Power share price target in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
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CG Power share price target: 2024
- Minimum share price target of CG Power for 2024: 459 INR
- Maximum share price target of CG Power for 2024: 856 INR
- Average share price target of CG Power for 2024: 657 INR
The CG Power Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
CG Power share price target: 2025
- Minimum share price target of CG Power for 2025: 634 INR
- Maximum share price target of CG Power for 2025: 1256 INR
- Average share price target of CG Power for 2025: 842 INR
The CG Power Share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
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CG Power share price target: 2026
- Minimum share price target of CG Power for 2026: 823 INR
- Maximum share price target of CG Power for 2026: 1605 INR
- The average share price target of CG Power for 2026: 1254 INR.
The CG Power Share price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
CG Power share price target: 2027
- Minimum share price target of CG Power for 2027: 1153 INR
- Maximum share price target of CG Power for 2027: 2081 INR
- The average share price target of CG Power for 2027: 1665 INR.
The CG Power Share price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
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CG Power share price target: 2028
- Minimum share price target of CG Power for 2028: 1885 INR
- Maximum share price target of CG Power for 2028: 2602 INR
- Average share price target of CG Power for 2028: 2294 INR
The CG Power Share price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
CG Power share price target: 2029
- Minimum share price target of CG Power for 2029: 2584 INR
- Maximum share price target of CG Power for 2029: 3220 INR
- Average share price target of CG Power for 2029: 2802 INR
The CG Power Share price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
CG Power share price target: 2030
- Minimum share price target of CG Power for 2030: 3108 INR
- Maximum share price target of CG Power for 2030: 4245 INR
- Average share price target of CG Power for 2030: 3525 INR
CG Power Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
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Competitor
| Company | Market Cap | P/E Ratio |
|---|---|---|
| Siemens | 2,56,483 | 110.67 |
| ABB | 1,78,355 | 121.94 |
| BHEL | 1,08,065 | |
| Suzlon Energy | 57,348 | 115.82 |
| Hitachi Energy | 48,223 | 477.79 |
Conclusion
CG Power has given strong financials in Q4 and also for FY24. CG Power is the only semiconductor manufacturing plant after the Tata Group. This chip manufacturing will be the key player in Indian history.
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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 investment advice.
FAQs-
Is CG Power a good buy?
CG Power is definately a good buy in terms of returns because company is engaged in power generation and now its moving towards semi-conductor chip manufacturing.
Is CG Power delivering a dividend?
Yes! CG Power is delivering the 0.20% dividend yield.
Is CG Power profitable?
CG Power is profitable since last 3 years and its stock price is growing significantly.
What is the target price for CG Power in 2025?
Minimum share price target of CG Power for 2025: 634 INR
Maximum share price target of CG Power for 2025: 1256 INR
Average share price target of CG Power for 2025: 842 INR