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Bumper 200% Return From IPO Price; Expert Set A Target Price Of Rs 2675

Doms Industries Ltd (NSE: DOMS): Shares of Doms Industries Ltd rose more than 5 percent today on July 8. The stock is currently trading at Rs 2280.75 with a gain of 1.19 percent on BSE. 

At the same time, the stock touched its 52-week high of Rs 2,367.50 intraday. The stock has climbed 200 percent against its IPO price. Brokerage firms are also looking bullish on this stock. 

With today’s rise, the company’s market cap has increased to Rs 13,841 crore. The 52-week low of the stock is Rs 1224.40.

Brokerage Firm’s Opinion On Doms Industries Ltd

Brokerage firm has given a ‘Buy’ rating to Doms Industries Ltd and set a target price of Rs 2675. This means that the company’s shares are likely to rally about 22% from the current price. The stock has jumped about 75% in the last six months. 

Doms Industries Ltd is expected to achieve a healthy revenue CAGR of 25%, EBITDA of 26%, and profit CAGR of 28% from FY24 to FY27.

The brokerage said in a note that its confidence in the promising future of Doms Industries Ltd is based on the company’s strong and consistent performance over the last several quarters. 

The brokerage also stated that the trend is likely to continue for the next years, aided by a variety of aspects, including the company’s ongoing expansion of distribution into smaller cities, as well as eastern as well as southern, markets.

The brokerage also added that Doms Industries Ltd is entering the rapidly expanding category of toys and bags will further increase growth.

The Scope For Margin Growth Within Doms Industries Ltd

The brokerage anticipates that its EBITDA margin to stay between 17 to 18 percent during FY25-27. Currently, at the current market price, the company is trading at 53 times and 41 times its FY26 and FY27 earnings per share estimates. 

With better visibility in earnings growth and a strong return profile, Axis Securities finds this stock attractive in the midcap space.

Doms Industries Ltd share was listed in December last year when the company raised a total of ₹1,200 crore through an IPO, with shares issued at ₹790 per share. In just six months after listing, the stock has jumped nearly 200% from its IPO price.

Doms Industries Ltd Stock Performance

Current Price₹ 2,270
52-wk High₹ 2,368
52-wk Low₹ 1,224
5 Days Return5.88%
1 Month Return20.31%

Key Fundamentals Parameters

Market Cap₹ 13,759 Cr.
Stock P/E89.8
Book Value₹ 134
Dividend0.00 %
ROCE30.7 %
ROE26.6 %
Face Value₹ 10.0
P/B Value16.9
OPM17.7 %
EPS₹ 25.2
Debt₹ 172 Cr.
Debt to Equity0.21

Doms Industries Ltd Shareholding Pattern

Promoters Holding
Dec 202374.95%
Mar 202474.95%
FII Holding
Dec 20236.13%
Mar 20245.86%
DII Holding
Dec 202315.14%
Mar 202416.63%
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Public Holding
Dec 20233.77%
Mar 20242.55%

Doms Industries Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 654 Cr
2021₹ 405 Cr
2022₹ 684 Cr
2023₹ 1,212 Cr
2024₹ 1,537 Cr

Last 5 Years’ Net Profit:

2020₹ 38 Cr
2021₹ -4 Cr
2022₹ 17 Cr
2023₹ 103 Cr
2024₹ 160 Cr

Conclusion

This article provides a detail guide about Doms Industries Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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