In this article, we will try to analyze the Engineers India share price target for 2024, 2025, 2026, 2027, 2028, 2029, and 2030 based on the company’s financials and various reports from research and brokerage firms.
Engineers India Ltd. is owned by the Government of India and operates under the administrative control of the Ministry of Petroleum and Natural Gas. Engineers India Ltd. provides engineering consultancy and EPC services focused on the oil and gas and petrochemical industries. The company has 57 years of experience in this field.
Quarter 3 Stock Performance
| Dec’ 23 | Dec’22 | |
|---|---|---|
| Net-Sales | 856.33 Cr | 830.62 Cr |
| Net-Profit | 50.22 Cr | 47.78 Cr |
| EBITDA | 77.07 Cr | 72.26 Cr |
| EPS | 0.89 | 0.85 |
Company Overview-
Engineers India was established in 1965 as a leading consultancy and EPC company, delivering world-class projects for its clients across the globe. The company has the vision to be a global leader offering total energy solutions for a sustainable future and the mission to achieve ‘customer delight’ through innovative, cost-effective, and value-added consulting and EPC services.
The company has diversified its business into sectors like infrastructure, solar and nuclear power, water and waste management, and fertilizers to leverage its strong technical competencies and track record.
The company has an engineering office in Abu Dhabi, which caters to its business needs in the UAE and Middle East countries. The company has established a research and development center in Gurugram.
Subsidiaries:
- Certifiction Engineers International Ltd.
- Ramagundam Fertilizers and Chemicals Limited (RFCL).
Financials-
| Market Cap | 12,104 |
| P/E Ratio | 23.28 |
| Industry P/E | 36.21 |
| Debt to Equity | 0.01 |
| Return on Equity | 21.86% |
| Dividend Yield | 1.39% |
Net-profit margin-
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 3,494 | 344 |
| 2022 | 3,043 | 343 |
| 2021 | 3,333 | 261 |
| 2020 | 3,492 | 434 |
| 2019 | 2,698 | 373 |
Share-holding Pattern-
| Dec’23 | Sep’23 | Jun’23 | Mar’23 | Dec’22 | |
|---|---|---|---|---|---|
| Promoters | 51.32% | 51.32% | 51.32% | 51.32% | 51.32% |
| Retail | 25.66% | 23.62% | 22.52% | 24.91% | 26.74% |
| Mutual Funds | 9.63% | 9.97% | 10.58% | 7.38% | 5.47% |
| Foreign Institution | 7.60% | 7.88% | 7.70% | 7.96% | 7.84% |
| Domestic Institution | 5.79% | 7.21% | 7.88% | 8.43% | 8.63% |
Share price targets for Engineers India 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 Engineers India 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.
Engineers India share price target: 2024
| 2024 | Minimum share price | Maximum share price |
|---|---|---|
| January | 192 | 260 |
| February | 205 | 272 |
| March | 210 | 285 |
| April | 208 | 288 |
| May | 215 | 304 |
| June | 224 | 318 |
| July | 238 | 322 |
| August | 247 | 344 |
| September | 252 | 355 |
| October | 267 | 326 |
| November | 292 | 338 |
| December | 310 | 352 |
The share price of Engineers India is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 355 in September 2024 and a minimum price target of Rs 192 in January 2024. The average price target for Engineers India in 2024 is expected to be around Rs 265.
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The Engineers India Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
Engineers India share price target: 2025
| 2025 | Minimum share price | Maximum share price |
|---|---|---|
| January | 322 | 364 |
| February | 334 | 375 |
| March | 347 | 388 |
| April | 366 | 395 |
| May | 385 | 405 |
| June | 392 | 427 |
| July | 419 | 445 |
| August | 438 | 466 |
| September | 446 | 485 |
| October | 486 | 508 |
| November | 516 | 533 |
| December | 523 | 558 |
The share price of Engineers India is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 558 in December 2025 and a minimum price target of Rs 322 in January 2025. The average price target for Engineers India in 2025 is expected to be around Rs 420.
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Engineers India Share’s price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
Engineers India share price target: 2026
| 2026 | Minimum share price | Maximum share price |
|---|---|---|
| January | 537 | 565 |
| February | 555 | 586 |
| March | 535 | 572 |
| April | 578 | 612 |
| May | 615 | 644 |
| June | 640 | 685 |
| July | 685 | 710 |
| August | 732 | 738 |
| September | 775 | 824 |
| October | 744 | 805 |
| November | 810 | 855 |
| December | 845 | 916 |
The share price of Engineers India is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 916 in December 2026 and a minimum price target of Rs 535 in March 2026. The average price target for Engineers India in 2026 is expected to be around Rs 765.
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Engineers India Share’s price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
Engineers India share price target: 2027
| 2027 | Minimum share price | Maximum share price |
|---|---|---|
| January | 878 | 965 |
| February | 916 | 983 |
| March | 945 | 1037 |
| April | 978 | 1074 |
| May | 1022 | 1136 |
| June | 1085 | 1192 |
| July | 1136 | 1265 |
| August | 1210 | 1295 |
| September | 1288 | 1388 |
| October | 1356 | 1495 |
| November | 1412 | 1547 |
| December | 1475 | 1624 |
The share price of Engineers India is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1624 in December 2027 and a minimum price target of Rs 878 in January 2027. The average price target for Engineers India in 2027 is expected to be around Rs 1250.
Engineers India Share’s price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
Engineers India share price target: 2028
| 2028 | Minimum share price | Maximum share price |
|---|---|---|
| January | 1511 | 1744 |
| February | 1544 | 1685 |
| March | 1732 | 1788 |
| April | 1785 | 1850 |
| May | 1884 | 1966 |
| June | 1963 | 2044 |
| July | 2047 | 2201 |
| August | 2140 | 2324 |
| September | 2186 | 2483 |
| October | 2264 | 2522 |
| November | 2384 | 2675 |
| December | 2548 | 2784 |
The share price of Engineers India is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2784 in December 2028 and a minimum price target of Rs 1511 in March 2028. The average price target for Engineers India in 2028 is expected to be around Rs 2210.
Engineers India Share’s price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
Engineers India share price target: 2029
| 2029 | Minimum share price | Maximum share price |
|---|---|---|
| January | 2525 | 2810 |
| February | 2612 | 2947 |
| March | 2738 | 3055 |
| April | 2845 | 3122 |
| May | 2965 | 3267 |
| June | 3173 | 3386 |
| July | 3284 | 3529 |
| August | 3422 | 3648 |
| September | 3510 | 3745 |
| October | 3683 | 3866 |
| November | 3725 | 4040 |
| December | 3885 | 4211 |
The share price of Engineers India is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs in December 2025 and a minimum price target of Rs in March 2029. The average price target for Engineers India in 2029 is expected to be around Rs.
Engineers India Share’s price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
Engineers India share price target: 2030
| 2030 | Minimum share price | Maximum share price |
|---|---|---|
| January | 3950 | 4285 |
| February | 4068 | 4426 |
| March | 4217 | 4628 |
| April | 4472 | 4585 |
| May | 4597 | 4725 |
| June | 4810 | 4980 |
| July | 4755 | 4965 |
| August | 4922 | 5066 |
| September | 5044 | 5274 |
| October | 5205 | 5525 |
| November | 5423 | 5738 |
| December | 5538 | 5846 |
The share price of Engineers India is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 5846 in December 2030 and a minimum price target of Rs 3950 in January 2030. The average price target for Engineers India in 2030 is expected to be around Rs 4825.
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Engineers India Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Strengths of Engineers India
The company is almost debt-free.
The company has been maintaining a healthy dividend payout of 71.6%.
Weaknesses of Engineers India
The earnings include an additional income of Rs 213 crore.
Competitor
| Company | Market Cap | P/E Ratio |
|---|---|---|
| Larsen & Tourbo Ltd | 4,57,002 | 36.13 |
| GMR Airports Inf | 53,629 | 0.00 |
| Rites | 18,896 | 40.96 |
| HFCL | 14,587 | 50.03 |
| Waaree Renewables | 9,212 | 86.81 |
Conclusion
Recently the company has notify the quarter 3 result in which net sales at Rs 856.33 crore in December 2023 up 3.1% from Rs 830.62 crore in December 2022. The company is focusing on growth with every new opportunity. The govt. of India is focusing on development of infrastructure in which Engineers India will play a vital role.
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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