Sonata Software share price target: 2024, 2025, 2026, 2027, 2028, 2029, and 2030

In this article, we will try to analyze the Sonata Software 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.

Sonata Software is involved in the business of providing cloud management in information technology (IT) services and solutions to its various customers in the United States of America, Europe, the Middle East, Australia, and India.

Stock Performance

Sonata Software has delivered compound sales growth with a 25% CAGR in the last 5 years.

Sonata Software has delivered compound profit growth with a 19% CAGR in the last 5 years.

Sonata Software has delivered a stock price with a 46% CAGR in the last 5 years.

Sonata Software has delivered a return on equity of 36% CAGR in the last 5 years.

Quarter 3, 2023 Results

The company has delivered a healthy operational performance for the quarter ended September 2023.

Sales 1,913
Expenses1,715
Operating Profit197
Other Income 23
Interest21
Depreciation33
Profit before Tax167
Net Profit124
All value are in crore

Recent News

Sonata Software Ltd. announces a bonus issue of 1 equity share for every 1 equity share held by the shareholders of the company on the record date of November 7, 2023.

The board also declared an interim dividend of Rs 7 per share for the financial year 2023-2024.

The company’s business grew by 6% QoQ and 46% YoY.

Company Overview-

Sonata Software Limited was founded in 1986 and is based in Bangalore, Karnataka. Sonata Software Limited specializes in cloud and data modernization, Microsoft Dynamics modernization, digital contact center setup and management, managed cloud services, and digital transformation services. Sonata has leading digital technology provider customers such as Microsoft, Amazon, Google, and others.

Sonata Software is engaged in managed cloud services and managed infrastructure services. This helps enable enterprises to keep the lights on, enjoy best-in-class technology to deliver services faster, and ensure the best quality services are delivered to internal and external customers.

In addition, the company delivers solutions for customers in retail, manufacturing, distribution, travel, service, and health and life sciences industries, as well as banking and financial institutions.

Subsidiaries-

  1. Quant Systems Inc.
  2. Sonata Encore Software Services
  3. Sonata GBW
  4. Sonata Sopris
  5. Sonata Australia Pty Ltd.
  6. Sonata Software GmbH
  7. Sonata Europe Ltd.
  8. Sonata Software (Qatar) LLC
  9. Sonata Software FZ LLC
  10. Sonata Software North America Inc.
  11. Sonata Information Technology Ltd.

Financials-

Market Cap16,910
P/E Ratio57.54
Industry P/E33.50
Debt to Equity0.54
Return on Equity29.18%
Dividend Yield1.87%

Net-profit margin-

YearRevenueProfit
20248,739308
20237,520452
20225,655376
20214,256244
20203,802277
20192,988249

Share-holding Pattern-

Dec’23Sep’23Jun’23Mar’23Dec’22Sep’22
Retail40.47%41.13%44.67%45.80%46.36%45.98%
Promoters28.17%28.17%28.17%28.17%28.17%28.17%
Mutual Funds16.5515.69%13.57%13.08%12.63%12.96%
Foreign Institutions14.47%14.98%13.59%12.95%12.84%12.89%
Domestic Institutions0.34%0.03%0.00%0.00%0.00%0.00%

Share price targets for Sonata Software 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 Sonata Software 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.

Sonata Software share price target: 2024

2024Minimum Share PriceMaximum Share Price
January 2024XX
February 2024XX
March 2024XX
April 2024XX
May 2024 XX
June 2024XX
July 2024XX
August 2024XX
September 2024XX
October 2024525666
November 2024640742
December 2024685854

The share price of Sonata Software is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 854 in December 2024 and a minimum price target of Rs 715 in January 2024. The average price target for Sonata Software in 2024 is expected to be around Rs 650.

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Sonata Software Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.

Sonata Software share price target: 2025

2025Minimum Share PriceMaximum Share Price
January 2025726888
February 2025772915
March 2025865985
April 20259261020
May 20259901085
June 202510441115
July 202510821195
August 202511101255
September 202511441325
October 202511751406
November 202512101442
December 202512851454

The share price of Sonata Software is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1454 in December 2025 and a minimum price target of Rs 726 in January 2025. The average price target for Sonata Software in 2025 is expected to be around Rs 1025.

Sonata Software Share’s price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.

Sonata Software share price target: 2026

2026Minimum Share PriceMaximum Share Price
January 202613051488
February 202613721515
March 202614751585
April 202614841620
May 202615701685
June 202616441795
July 202617821855
August 202618901969
September 202619042025
October 202620052106
November 202621402242
December 202621852324

The share price of Sonata Software is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2324 in December 2026 and a minimum price target of Rs 1305 in January 2026. The average price target for Sonata Software in 2026 is expected to be around Rs 1647.

Sonata Software Share’s price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.

Sonata Software share price target: 2027

2027Minimum Share PriceMaximum Share Price
January 202722482485
February 202723302515
March 202724752645
April 202725042690
May 202726702795
June 202727442815
July 202728822955
August 202729903069
September 202730943125
October 202731753266
November 202732403342
December 202733853454

The share price of Sonata Software is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 3454 in December 2027 and a minimum price target of Rs 2248 in January 2027. The average price target for Sonata Software in 2027 is expected to be around Rs 3605.

Sonata Software Share’s price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.

Sonata Software share price target: 2028

2028Minimum Share PriceMaximum Share Price
January 202842744695
February 202843224815
March 202844654945
April 202845045020
May 202847905195
June 202848845345
July 202850825455
August 202849705569
September 202851445725
October 202853755866
November 202854405912
December 202855856054

The share price of Sonata Software is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 6054 in December 2028 and a minimum price target of Rs 4274 in January 2028. The average price target for Sonata Software in 2028 is expected to be around Rs 5473.

Sonata Software Share’s price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.

Sonata Software share price target: 2029

2029Minimum Share PriceMaximum Share Price
January 202955056088
February 202955226315
March 202954656245
April 202956046320
May 202957906495
June 202958446515
July 202959826755
August 202960106869
September 202962246825
October 202963756966
November 202965007042
December 202966857084

The share price of Sonata Software is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 7084 in December 2025 and a minimum price target of Rs 5465 in March 2029. The average price target for Sonata Software in 2029 is expected to be around Rs 6584.

Sonata Software Share’s price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.

Sonata Software share price target: 2030

2030Minimum Share PriceMaximum Share Price
January 203067057188
February 203066227215
March 203067657345
April 203068047520
May 203069067495
June 203070447615
July 203072827755
August 203074107869
September 203074948025
October 203075757966
November 203076408142
December 203077858154

The share price of Sonata Software is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 8154 in December 2030 and a minimum price target of Rs 6622 in February 2030. The average price target for Sonata Software in 2030 is expected to be around Rs 7205.

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Sonata Software Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.

Strengths of Sonata Software

The company has delivered good profit growth of 19.2% CAGR over the last 5 years.

The company has a good return on equity track record. 3 years ROE: 35.8%

The company has been maintaining a healthy dividend payout of 55.3%.

FII and DII are showing interest in the company.

Weaknesses of Sonata Software

The company has negative cash flow of -316 crore.

Promoter shareholding is lower compared to retail.

Competitor

CompanyMarket Cap (Cr)P/E Ratio
Persistent Sys56842 56.65
Tata Elxsi54513 69.44
Tata Technology47874 76.72
KPIT Technologies4150184.89
Coforge38693 53.33

Conclusion

The brokerage house believes that strong deal wins (with 10 large deals won (YTD) and an enhanced presence in cloud and infrastructure management and life sciences should enable the company to attain its growth targets.

In the last year, Sonata Software has given more than 150% returns to its investors, while in the last 5 years, approximately 555% returns have been delivered. The company has good financials and a good track record.

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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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