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₹215 Govt Stock For Short Term, Long Term; Company Works In Green Hydrogen

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PSU Stocks to BUY: The stock market was open for two hours on Saturday and market made a new all-time high. The market trend and momentum remain positive.

In this bullish market, Vikas Sethi of Sethi Finmart has selected 2 strong stocks for short-term earnings. The first is Engineers India Ltd (NSE: ENGINERSIN) and the second is Sterling Tools. Both are cash market stocks.

Engineers India Price Target

Engineers India is a PSU Stock and it closed at the level of Rs 215. It is a government engineering company which mainly works in the Oil & Gas and Petrochemicals segments. 

The government’s focus is on increasing the refining capacity, which will benefit this company. The company is also involved in the green hydrogen sector.

Healthy correction has also taken place from the upper level. Stop loss has to be kept at Rs 205 and the short-term target has been given at Rs 230.

Sterling Tools Share Price Target

The second choice of experts is Sterling Tools which is at the level of Rs 367. This is a leading company manufacturing fasteners. Leading automobile companies are its clients. 

There is demand momentum from the electric vehicle segment. The company has also taken entry in EV two-wheelers from where it is getting healthy demand. 

The outlook of the auto sector is good which this company will benefit from. For the short term, a stop loss of Rs 350 and a target of Rs 390 has been given.

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 a variety of 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₹ 12,120 Cr.
Current Price₹ 216
52-wk High₹ 274 
52-wk Low₹ 70.4
Stock P/E23.3
Book Value₹ 38.5
Dividend1.39 %
ROCE23.7 %
ROE18.4 %
Face Value₹ 5.00
P/B Value5.61
OPM11.5 %
EPS₹ 9.25
Debt₹ 23.1 Cr.
Debt to Equity0.01

Engineers India 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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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

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