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HomeSHARE MARKET₹27 Mukesh Ambani Share; 1900% Massive Return; Share Will Double; Do You...

₹27 Mukesh Ambani Share; 1900% Massive Return; Share Will Double; Do You Have?

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Penny Stock: In the last few years, Mukesh Ambani’s textile company Alok Industries Ltd (NSE – BE: ALOKINDS) has given strong returns to investors. In October 2019, the price of this share was ₹1.4, which has increased to around ₹ 27. 

Investors have got a return of 1900 percent during this period. If an investor had invested ₹ 10,000 in this stock in March 2020, now his amount would have become ₹ 2 lakh.

114 Percent Return In A Year

The stock has increased by 114 percent in the last 1 year. There’s seen an uptick of 31% to date.

The stock has fallen 3.5 percent so far in March, an 11 percent decline recorded in February. However, it grew the amount of 51.76 percent in the first month of this year.

The stock is down 28 percent since its 52-week high of Rs39.05 which was set on the 9th of January 2024. However, it has grown by 156 percent since its 52-week low of 10.90.

Company Business

Alok Industries Limited manufactures and sells textiles in India as well as internationally.

It sells clothing fabrics and corrugated pallets, cotton and blended yarns knitted and woven textiles household fabrics, yarns made of polyester and embroidery items, and handkerchiefs and shopping bags.

The company was founded in 1986 and is located in Mumbai.

December Quarter Results

For the quarter ending December (Q3FY24), The company posted the company’s net deficit of Rs 215.5 crore, as compared with a deficit of Rs 241.43 crore during the same period last year.

Meanwhile, its revenue declined 26 percent to ₹1,217 crore in the December quarter.

What Is The Brokerage View?

According to brokerage, the company’s net cash flow and cash from operating activities are growing. The brokerage noted that the net cash flow has improved over the past two years.

Its risks are a decline in revenues and profits. The company has seen a drop in revenue each quarter over the last four quarters. It is in the category of companies with weak financial conditions.

Let us tell you that in 2020, Mukesh Ambani’s RIL acquired JM Financial Asset Reconstruction Company.

Reliance Industries holds 1,98,65,33,333 shares or 40.01 percent stake in Alok Industries. While JM Financial Asset Reconstruction holds a 34.99 stake.

About Alok Industries Ltd

Alok Industries Ltd is a fully integrated Indian textile industry. It was founded in the year 1986, as a limited liability corporation and was converted into an open-ended public limited company in 1993. 

It is a multi-faceted and integrated producer of Apparel Fabrics (Woven and Knits), Home Textiles (Bed and Bath), Cotton, and polyester Yarns and Garments.

Based in Mumbai, Alok Industries has large and well-equipped production facilities located at Silvassa & Vapi.

The production of textiles encompasses packing and mending as well as leather and clothing products. 

The divisions under which it operates include Spinning, Home Textiles, Apparel Fabrics, Garments, and Polyester. The company generates the majority of its profits through its Home Textiles product. 

The company has offices for marketing located in New Delhi, Bengaluru, Sri Lanka, Bangladesh, China and China, the British Virgin Islands, the USA, Dubai, and the Czech Republic.

As a leading company in the field of textiles, with more than 40 years’ worth of expertise, AIL provides a broad selection of top-quality textiles to reputable brands retailers, manufacturers, and retailers across India and around the world.

Fundamental Analysis of Alok Industries Ltd

Market Cap₹ 13,520 Cr.
Current Price₹ 27.10
52-wk High₹ 39.2
52-wk Low₹ 10.6
Stock P/E
Book Value₹ -38.9
Dividend0.00 %
ROCE-6.86 %
ROE
Face Value₹ 1.00
P/B Value
OPM-0.49 %
EPS₹ -1.87
Debt₹ 23,900 Cr.
Debt to Equity

Alok Industries Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 42₹ 56
2025₹ 62₹ 93
2026₹ 100₹ 112
2027₹ 125₹ 145
2028₹ 154₹ 168
2029₹ 176₹ 196
2030₹ 201₹ 212
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Alok Industries Ltd Shareholding Pattern

Promoters Holding
Dec 202275.00%
Mar 202375.00%
June 202375.00%
Sept 202375.00%
Dec 202375.00%
FII Holding
Dec 20222.02%
Mar 20232.07%
June 20232.16%
Sept 20232.15%
Dec 20232.24%
DII Holding
Dec 20220.43%
Mar 20230.35%
June 20230.32%
Sept 20230.34%
Dec 20230.37%
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Public Holding
Dec 202222.56%
Mar 202322.57%
June 202322.51%
Sept 202322.51%
Dec 202322.39%

Alok Industries Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,352 Cr
2020₹ 3,298 Cr
2021₹ 3,848 Cr
2022₹ 7,310 Cr
2023₹ 5,597 Cr

Last 5 Years’ Net Profit:

2019₹ 2,076 Cr
2020₹ 1,310 Cr
2021₹ -5,673 Cr
2022₹ -209 Cr
2023₹ -928 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

2019-1.63
2020-2.36
2021-1.35
2022-1.35
2023-1.27

Last 10 Years’ Profit Growth:

10 Years:
5 Years:14%
3 Years:-8%
Current Year:-52%

Last 10 years’ Return on Equity (ROE):

10 Years:
5Years:
3 Years:
Current Year:

Sales Growth Over 10 Years:

10 Years:
5 Years:5%
3 Years:28%
Current Year:-24%

Conclusion

This article is a complete guide about Alok Industries Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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