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HomeSHARE MARKETGovernment Company Share Jump By 12%, Experts Bullish, It Will Cross Rs...

Government Company Share Jump By 12%, Experts Bullish, It Will Cross Rs 225

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Multibagger Stock: Breaking the trend of continuous decline for the last 4 days, the shares of Engineers India Ltd (NSE: ENGINERSIN) closed at Rs 196.25 on Friday. Yesterday, there was a rise in the shares of many government companies including Engineers India Limited.

Let us tell you, that the government’s stake in Engineers Limited is more than 50 percent as per the shareholdings of December 2023.

What Are The Experts Saying?

According to a report, expert says, “If someone is planning to buy this stock at the level of Rs 195, then he should buy it at Rs 225 with a stop loss of Rs 185.” Target price should be set.”

At the same time, a brokerage firm says, “The shares started falling after reaching a record high of Rs 273.80 on February 2. In such a situation, investors can maintain this bullish momentum for some time. The support price of Rs 175 and the target price of Rs 220 can be kept for the coming sessions.”

Stock Market Performance Was Strong In The Past Year

In the past year, the share price of the company has increased by 158 percent. The money of investors who have taken a position has therefore more than doubled in value during this time.

During the past six months, however, the price of shares in the company has only increased by 36 percent. We can tell you that the company’s shares have fallen by 10.9 percent in the last month.

Engineers India’s 52-week high level is Rs 273.80 and its 52-week low level is Rs 70.35 per share.

About Engineers India Ltd Company 

Engineers India Ltd (EIL) belongs to the Government. It is a global leader in engineering consultancy, EPC, and construction. It was founded in 1965. 

EIL is focused on oil and gas, petrochemicals, and other industries. Consultancy & Engineering Projects and Turnkey Projects are its business segments. 

Hydrocarbons, mining, metallurgy and chemicals, fertilizers, and power are some of its activities. 

The Company is focused on various sectors including liquefied gas and fertilizer, infrastructure, nonferrous metals, solar and nuclear energy, exploration and production, and strategic crude oil storage.

Fundamental Analysis of Engineers India Ltd

Market Cap₹ 11,053 Cr.
Current Price₹ 196.25
52-wk High₹ 274
52-wk Low₹ 70.4
Stock P/E21.3
Book Value₹ 38.5
Dividend1.53 %
ROCE23.7 %
ROE18.4 %
Face Value₹ 5.00
P/B Value5.11
OPM11.5 %
EPS₹ 9.25
Debt₹ 23.1 Cr.
Debt to Equity0.01

Engineers India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 275₹ 370
2025₹ 375₹ 422
2026₹ 425₹ 449
2027₹ 485₹ 500
2028₹ 512₹ 535
2029₹ 595₹ 685
2030₹ 700₹ 722
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Engineers India Ltd Shareholding Pattern

Promoters Holding
Dec 202251.32%
Mar 202351.32%
June 202351.32%
Sept 202351.32%
Dec 202351.32%
FII Holding
Dec 20227.84%
Mar 20237.96%
June 20237.70%
Sept 20237.88%
Dec 20237.60%
DII Holding
Dec 202214.10%
Mar 202315.81%
June 202318.46%
Sept 202317.18%
Dec 202315.51%
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Public Holding
Dec 202226.74%
Mar 202324.90%
June 202322.51%
Sept 202323.60%
Dec 202325.54%

Engineers India 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₹ 2,476 Cr
2020₹ 3,237 Cr
2021₹ 3,144 Cr
2022₹ 2,913 Cr
2023₹ 3,356 Cr

Last 5 Years’ Net Profit:

2019₹ 368 Cr
2020₹ 424 Cr
2021₹ 249 Cr
2022₹ 140 Cr
2023₹ 520 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:-6%
5 Years:-2%
3 Years:-7%
Current Year:121%

Last 10 years’ Return on Equity (ROE):

10 Years:14%
5 Years:15%
3 Years:14%
Last Year:18%

Sales Growth Over 10 Years:

10 Years:3%
5 Years:13%
3 Years:1%
Current Year:3%

Conclusion

This article is a complete guide about Engineers India 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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