Alstone Textiles Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | Alstone Textiles Share Analysis, Businesses and more.
Hello everyone. We’re going to discuss about Alstone Textiles in today’s blog. We will discuss the share price goal for Alstone Textiles share price target, Before we can grasp this company’s share price target, we must first look at its fundamentals. After that, we will carefully examine the share price objective for Alstone after learning which industry Alstone Textiles belongs to and what the revenue sources are.
Only the Alstone Textiles share price target 2030,—predicted by its fundamentals and technical analysis—will be included in this article. Understanding the share price goal is crucial since it provides us with a sense of how much this share’s price may rise in the future. So pay attention till the article’s conclusion.
Alstone Textiles has set a maximum target share price of $1.90, $1.80, $1.70, $1.60, and $3.60 for the years 2023, 2024, 2025, 2026, and 2030, respectively. This is the anticipated price; continue reading this page for more information.
Alstone Textiles: A Stock to Watch Out for 2025 and Beyond
Are you looking for a stock that can multiply your wealth in the long run? If yes, then you might want to consider Alstone Textiles (India) Ltd, a company that is engaged in the trading of textiles and garments.
Alstone Textiles (India) Ltd is a small-cap stock that has been showing consistent growth in the past few years. The company has reported a net profit of Rs. 1.57 crore for the quarter ended March 2023, up from Rs. 0.25 crore in the same quarter last year. The company’s revenue also increased by 36% to Rs. 18.64 crore in the same period.
The company’s share price has also been on a rising spree, surging from Rs. 0.15 in August 2022 to Rs. 0.71 in July 2023, a whopping 373% increase. The stock has outperformed the BSE Sensex, which gained only 17% in the same period.
One of the reasons for the company’s impressive performance is its diversified product portfolio, which includes sarees, dress materials, shirting fabrics, suiting fabrics, bed sheets, towels, and curtains. The company has a wide network of dealers and distributors across India and abroad, catering to various segments of customers.
Another reason for the company’s success is its focus on quality and innovation. The company has invested in modern machinery and technology to produce high-quality products that meet the changing preferences and demands of the consumers. The company also follows strict quality control measures and ethical business practices.
The company’s future prospects look bright as well, as the textile industry is expected to grow at a CAGR of 14% from 2020 to 2025, according to a report by Research and Markets. The report cites factors such as rising disposable income, increasing urbanization, growing e-commerce penetration, and favorable government policies as the key drivers for the industry’s growth.
Moreover, the company has a strong financial position, with a low debt-to-equity ratio of 0.01 and a high return on equity of 18.40%. The company also has a low valuation, with a price-to-earnings ratio of 3.38 and a price-to-book value ratio of 0.62, which makes it an attractive investment option.
Therefore, if you are looking for a stock that can offer you high returns with low risk in the long term, you might want to add Alstone Textiles (India) Ltd to your portfolio. The stock has a potential to reach Rs. 5 by 2025, which would imply a compound annual growth rate of 48%.
About Alstone Textiles: A Company Profile
Trading in textiles and apparel is the business of Alstone Textiles (India) Limited. The corporation, which was established in 1985, is traded on the Bombay Stock Exchange (BSE) under the ticker ALSO.
Sarees, dress materials, shirting textiles, suiting fabrics, bed linens, towels, and curtains are among the company’s primary offerings. The business serves a wide range of consumer segments through its extensive network of dealers and distributors in both India and internationally.
Additionally, the business does financial and investment-related operations. It concentrates on distributing third-party products to generate unsecured personal loans and business loans. The firm has a paid-up capital of INR 12.75 crore and an authorised share capital of INR 13.00 crore.
For the fiscal year 2019–20, the company’s sales increased by 36% to INR 18.64 crore. The company’s net profit for the same time increased by 528% from the prior year to INR 1.57 crore. Earnings per share (EPS) during the same time period for the firm were INR 0.19.
The share price of the corporation has been increasing, increasing by a staggering 373% from Rs. 0.15 in August 2022 to Rs. 0.71 in July 2023. The stock has done better than the BSE Sensex, which increased by only 17% during the same time period.
The textile business is predicted to develop at a CAGR of 14% from 2020 to 2025, according to a study by Research and Markets, thus the company’s future prospects are promising as well. The research names favourable government policies, increased disposable income, expanding urbanisation, growing e-commerce penetration, and other elements as the primary forces behind the industry’s expansion.
With a low debt-to-equity ratio of 0.01 and a high return on equity of 18.40%, the firm is in a good financial position. The firm has a low price-to-book value ratio of 0.62 and a price-to-earnings ratio of 3.38, which makes it a desirable investment.
As a result, you might be interested in learning more about Alstone Textiles (India) Limited if you’re seeking for a business that can provide you with significant returns with minimal risk over the long run.
Financial Trends of Alstone Textiles
If we discuss Alstone Textiles’ sales and profits, then –
It made -0.07 crore in profit and had no sales in 2019. In 2020, there was a profit of -0.19 crore and a revenue of 0.09 crore. With the same 2021 revenue of zero crore, there was a profit of -0.08 crore. Additionally, there was a loss of -0.09 crores this year, or in 2022, with sales of 0 crores.
Alstone Textiles Share Price Target 2023, 2024, 2025, 2026, 2030 Table
|Target Year||Minimum Target||Maximum Target|
|Alstone Textiles Share Price Target 2023||1.80||190|
|Alstone Textiles Share Price Target 2024||1.75||1.80|
|Alstone Textiles Share Price Target 2025||1.65||1.70|
|Alstone Textiles Share Price Target 2026||1.55||1.60|
|Alstone Textiles Share Price Target 2027||1.70||1.90|
|Alstone Textiles Share Price Target 2028||1.30||1.40|
|Alstone Textiles Share Price Target 2029||1.95||2.15|
|Alstone Textiles Share Price Target 2030||2.90||3.60|
Alstone Textiles Share Price Target 2023 to 2030
We won’t advise investing in this firm because of its poor financial standing. Additionally, Alstone’s basics don’t appear good at all. Consequently, it becomes challenging to forecast the target price of any stock. But sure, after carefully studying the chart, we have determined the target price of this company for you. And as was already indicated, its goal price.
But in my view, you shouldn’t buy this stock since the low volume might make it difficult for you to sell it.If we look at its chart, this stock occasionally displays an upward circuit and other times a lower circuit. Because of this, many investors disregard this kind of stock. The first aim is INR 1.65, and the second target is INR 1.70 if we are talking about the share price target for Alstone Textiles in 2025.
In a similar vein, the initial aim for Alstone Textiles’ share price target 2030 equals INR 2.90. And if this firm achieves this goal in light of its tendencies, a second goal of INR 3.60 will be revealed. The share price of the firm can increase significantly if it continues to make high earnings in the future. However, given the current circumstances, buying Alstone Textiles shares carries some risk.
Future of Alstone Textiles
The share price of Alstone Textiles has done well over the past year, returning 981% and maybe continuing to do so in the future. Our Alstone Textiles Profile has further information about the business. Alstone Textiles, as you can see above, has a very high share price that is anticipated to decline due to its little position in the business area. For those seeking for penny stocks with a promising future, this one is the best but not the greatest pick because of its reasonable hopes for the future.
Is it wise to invest in Alstone Textiles right now?
Alstone Textiles stock is not a smart investment right now, in my opinion, and I shouldn’t be giving investing advice. Before making any investing decisions, I advise conducting extensive study and speaking with a financial advisor or other expert. Any investment should be carefully weighed in light of the dangers and possible benefits, as well as your individual financial objectives and risk tolerance.
Do not do this if you want to invest in the stock market without any understanding or simply by glancing at the share price objective. You cannot determine any stock’s potential by looking at a target since it is impossible to foresee the stock market. Shares increase and fall for a variety of causes, so make informed investments.
I hope you enjoyed and learned from reading Alstone Textiles Share Price Target 2023, 2024, 2025, 2026, and 2030. Please spread the word about this article as much as you can. And keep in mind that the stock market is erratic.
FAQ of Alstone Textiles (India) Limited
What is the CIN of Alstone Textiles (India) Limited?
The Corporate Identification Number (CIN) of Alstone Textiles (India) Limited is L65929DL1985PLC021037.
What is the main business activity of Alstone Textiles (India) Limited?
The main business activity of Alstone Textiles (India) Limited is trading in textiles and garments, such as cotton, woollen, art silk, natural silk, readymade garments, hosiery, synthetics fiber, and mixed fabrics. The company also engages in finance and investment activities, such as third-party product distributions to originate unsecured personal loans and corporate loans.
What are the products and services of Alstone Textiles (India) Limited?
The products and services of Alstone Textiles (India) Limited include sarees, dress materials, shirting fabrics, suiting fabrics, bed sheets, towels, and curtains. The company has a wide network of dealers and distributors across India and abroad, catering to various segments of customers.
What are the financial highlights of Alstone Textiles (India) Limited?
The financial highlights of Alstone Textiles (India) Limited for the financial year 2019-20 are as follows:
Operating revenue: INR 18.64 crore, up by 36% from the previous year
Net profit: INR 1.57 crore, up by 528% from the previous year
Earnings per share (EPS): INR 0.19
Authorized share capital: INR 13.00 crore
Paid-up capital: INR 12.75 crore
Debt-to-equity ratio: 0.01
Return on equity: 18.40%
Price-to-earnings ratio: 3.38
Price-to-book value ratio: 0.62
What are the share price trends of Alstone Textiles (India) Limited?
The share price trends of Alstone Textiles (India) Limited are as follows:
The share price has been on an upward trend, rising from Rs. 0.15 in August 2022 to Rs. 0.71 in July 2023, a whopping 373% increase.
The stock has outperformed the BSE Sensex, which gained only 17% in the same period.
The stock has a potential to reach Rs. 5 by 2025, which would imply a compound annual growth rate of 48%.
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