In this article, we will try to analyze the Saksoft share price target for 2024 to 2030 based on the company’s financials and various reports from research and brokerage firms.
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Today we will discuss about an Artificial Intelligence stock which has given multi bagger return and has huge potential in future. This company provides technology services to companies in the industry verticals of Healthtech, Fintech, logistics and utilities. This helps his clients with application of engineering, quality, assurance & Testing, cloud, data analytics, cyber securities services and infrastructure.
Stock Performance
Saksoft has delivered compound sales growth with a 23% CAGR in the last 3 years.
Saksoft has delivered compound profit growth with a 29% CAGR in the last 3 years.
Saksoft has delivered a stock price with a 100% CAGR in the last year.
Saksoft has delivered a return on equity of 22% CAGR in the last 3 years and 23% in the last year.
Saksoft has been maintaining a dividend payout of 0.41%.
Company Overview:
Saksoft Group of Industries was founded in 1999 located in Chennai, Tamil Nadu, India. Saksoft group has 20+ Year experience. Aditya Krishna is chairman and managing director of Saksoft. Saksoft is virtually debt free company. Saksoft provides solutions to many sectors like Fintech, Healthtech, Logistics and Transportation and utilities. Saksoft is engaging AI to different sectors for increasing productivity and accuracy. Healthcare sector is most likely involved in artificial Intelligence. Saksoft enhances their services to banking sector In Fintech companies for digital transformation solution and data analytics solutions. Saksoft is working with Bank/FI’s, Card Brand, Embedded payments and payment service providers to improve their productivity, transparency, and management solutions.
Saksoft is small cap company with 2,872 Cr market cap. Promoters holding has been slightly decreased from 68.32% to 66.84%.
Financials
| Market Cap | 3,217 |
| P/E Ratio | 32.84 |
| Industry P/E | 30.17 |
| Debt to Equity | 0.03 |
| Return on Equity | 20.97% |
| Dividend | 0.23% |
Net-Profit Margin
The company has almost double their profits from last 2 years. Return on equity (ROE) of the company is 25.49% which is indicting good growth of share.
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 675 | 82 |
| 2022 | 492 | 63 |
| 2021 | 390 | 45 |
| 2020 | 363 | 39 |
| 2019 | 360 | 38 |
Share-holding pattern
Promoter of the company has reduced their share-holding with 1.48% from Dec’22 to Dec’23. company has significant amount invested by Foreign Instituion with almost 3.93% in the latest quarter report. Recently Mutual fund houses have started their investment in this company.
| Dec’23 | Sep’23 | Jun’23 | Mar’23 | Dec’22 | |
|---|---|---|---|---|---|
| Promoters | 66.64% | 66.66% | 66.86% | 66.86% | 68.12% |
| Retail | 29.40% | 29.38% | 28.42% | 28.38% | 28.17% |
| Foreign Institution | 3.93% | 3.96% | 4.72% | 4.76% | 3.71% |
| Mutual Funds | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
We will predict the Saksoft 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.
Saksoft share price target 2024
Saksoft has modernized a cardless cash solution in which beneficiary can withdraw money from ATM without having debit card. This technology will end the dominance of card companies globally.
| 2024 | Minimum Share Price | Maximum share price |
|---|---|---|
| January | X | X |
| February | X | X |
| March | X | X |
| April | X | X |
| May | X | X |
| June | X | X |
| July | X | X |
| August | X | X |
| September | X | X |
| October | 265 | 438 |
| November | 305 | 445 |
| December | 398 | 456 |
The share price of Saksoft is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 456 in December 2024 and a minimum price target of Rs 244 in February 2024. The average price target for Saksoft in 2024 is expected to be around Rs 350.
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The Saksoft Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
Saksoft share price target 2025
saksoft has provided a multi-model language access platform which helps hospitals and Healthcare professionals to implement Telehealth solution in any remote language. Company is delivering excellent patient care via comprehensive translation and interpretation. Saksoft is providing image processing service to detect cancer type.
| 2025 | Minimum Share Price | Maximum share price |
|---|---|---|
| January | 410 | 467 |
| February | 422 | 482 |
| March | 445 | 510 |
| April | 452 | 498 |
| May | 466 | 522 |
| June | 483 | 534 |
| July | 495 | 555 |
| August | 510 | 567 |
| September | 523 | 583 |
| October | 554 | 592 |
| November | 585 | 620 |
| December | 598 | 644 |
The share price of Saksoft is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 644 in December 2025 and a minimum price target of Rs 410 in January 2025. The average price target for Saksoft in 2025 is expected to be around Rs 520.
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The Saksoft Share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
Saksoft share price target 2026
Saksoft is providing AI support in logistics and transportation by developing vehicle and driver management systems, shipper & vendor self-service portal.
IT sector is future of India, choosing a right IT company can give you multi-fold returns in next few years. Saksoft is a small cap company and has capabilities to progress in multiple times.
| 2026 | Minimum Share Price | Maximum share price |
|---|---|---|
| January | 605 | 656 |
| February | 648 | 688 |
| March | 683 | 722 |
| April | 710 | 745 |
| May | 738 | 788 |
| June | 774 | 822 |
| July | 782 | 844 |
| August | 845 | 895 |
| September | 894 | 935 |
| October | 955 | 1040 |
| November | 1037 | 1110 |
| December | 1056 | 1225 |
The share price of Saksoft is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1225 in December 2026 and a minimum price target of Rs 605 in Jan 2026. The average price target for Saksoft in 2026 is expected to be around Rs 915.
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The Saksoft Share price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
Saksoft share price target 2027
Saksoft is working on AI model to improve the outcome in different sectors like healthtech, Fintech, retail and e-commerce. Technology is evolved in our day to day life. From writing a letter to writing on blackboard everything is changed and technology has replaced all things with better solution.
Artificial Intelligence will play a vital role in everyone’s life in day to day basis.
| 2027 | Minimum Share Price | Maximum share price |
|---|---|---|
| January | 1080 | 1265 |
| February | 1121 | 1310 |
| March | 1285 | 1426 |
| April | 1388 | 1552 |
| May | 1484 | 1580 |
| June | 1573 | 1730 |
| July | 1665 | 1788 |
| August | 1773 | 1855 |
| September | 1910 | 1985 |
| October | 1885 | 2005 |
| November | 1990 | 2054 |
| December | 2055 | 2144 |
The share price of Saksoft is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2144 in December 2027 and a minimum price target of Rs 1080 in January 2027. The average price target for Saksoft in 2027 is expected to be around Rs. 1634.
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The Saksoft Share price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
Saksoft share price target 2028
Saksoft has become almost debt free for the first time since last 5 years. Recently Saksoft acquired the Singapore based company MC Consulting Pvt Limited. MC Consulting Pvt Limited is engaged in specializing in providing technology-based business solutions. Company improved the functioning of a seaport and public sector agencies.
| 2028 | Minimum Share Price | Maximum share price |
|---|---|---|
| January | 2103 | 2285 |
| February | 2156 | 2302 |
| March | 2284 | 2480 |
| April | 2345 | 2550 |
| May | 2483 | 2635 |
| June | 2565 | 2744 |
| July | 2710 | 2820 |
| August | 2820 | 2966 |
| September | 2945 | 3055 |
| October | 3005 | 3283 |
| November | 3130 | 3375 |
| December | 3245 | 3474 |
The share price of Saksoft is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 3474 in December 2028 and a minimum price target 2103 of Rs in March 2028. The average price target for Saksoft in 2028 is expected to be around Rs 2850.
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The Saksoft Share price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
Saksoft share price target 2029
The share price of Saksoft is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 4525 in December 2029 and a minimum price target of Rs 3350 in January 2029. The average price target for Saksoft in 2029 is expected to be around Rs 3955.
| 2029 | Minimum Share Price | Maximum share price |
|---|---|---|
| January | 3350 | 3548 |
| February | 3485 | 3658 |
| March | 3559 | 3722 |
| April | 3658 | 3910 |
| May | 3710 | 3875 |
| June | 3755 | 3966 |
| July | 3892 | 4040 |
| August | 3945 | 4165 |
| September | 4005 | 4240 |
| October | 4184 | 4335 |
| November | 4257 | 4455 |
| December | 4410 | 4525 |
The Saksoft Share price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
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Saksoft share price target 2030
The share price of Saksoft is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 5683 in December 2030 and a minimum price target of Rs 4440 in March 2030. The average price target for Saksoft in 2030 is expected to be around Rs 5050.
| 2030 | Minimum Share Price | Maximum share price |
|---|---|---|
| January | 4440 | 4577 |
| February | 4580 | 4673 |
| March | 4633 | 4783 |
| April | 4795 | 4910 |
| May | 4955 | 5050 |
| June | 4880 | 4945 |
| July | 4977 | 5120 |
| August | 5020 | 5223 |
| September | 5115 | 5394 |
| October | 5226 | 5374 |
| November | 5385 | 5488 |
| December | 5455 | 5683 |
The Saksoft Share price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
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Strength of Saksoft
- Company is almost debt free.
- Company has very good financials.
- India’s leading company involve in AI.
- Cash conversion cycle has been improved from 81 days in Mar 2022 to 64 days in Mar 2023.
Weakness of Saksoft
- Net cash flow is very low for any further emergency need.
Conclusion
Saksoft Limited is a growing IT company in Indian Market and has overseas market opportunities in the AI sector. The company has improved their financials by reducing their debt. Saksoft Limited is a small cap company and has potential to grow in multi-folds. Artificial Intelligence is growing day by day and improving our life with its uses. In this article we discussed the Saksoft share price target 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Please comment your opinion on share price target of Saksoft.
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