Welcome traders and investors, today we are going to discuss Patel Engineering share price targets for 2024, 2025, 2027, and 2030 with key levels. Apart from this, we also did our research along with taking expert advice regarding the company’s growth level and estimated share target etc. PATELENG is one of the oldest companies, which is growing well since its initiation. Recently we have expanded our business further through some new projects.
If anyone wants to invest in Patel Engineering, then target prediction information from 2024 to 2030 for both long-term and short-term is given. So that traders can invest in the company with less risk and peace of mind.
What is Patel Engineering Company ( PATELENG )
The Chairman and Manager of Patel Engineering Company is Mr. Rupen Patel. Patel Engineering is a nationwide Indian construction services company established in 1949. Patel engineering services include dams, irrigation projects, tunnels, railways, bridges, malls etc. The company includes big-name customers like NTPC and NHPC.
Patel Engineering’s results announced increased by 30% from the previous quarter. According to Patel Engineering’s results, the company’s net income after tax is Rs 84.70 crore. At present, rapid growth can be seen in the shares of the company. So let’s see the details of Patel Engineering’s share price targets for 2024, 2025, 2027, and 2030.
Overviews Of Patel Engineering Company
| Company Name | Patel Engineering Ltd |
| Company’s Owner | Mr. Rupen Patel |
| Establish In | 1949 |
| Employees | 5000+ |
| Book Value | ₹42.23 |
| 52 Week High | ₹80 |
| 52 Week Low | ₹23.80 |
| Company | Public Type |
Patel Engineering Company was established in 1949. Talking about the future of Patel Engineering share price target, it can prove to be very beneficial for the investors.
In the year 2023, the company’s net profit had increased to Rs 155.560. If we understand the company’s scriptures from 2024 to 2050, the share sales rate seems to be increasing. If we talk about the last 3 years, the growth of the company was at the rate of 13% and last year the sales growth of the company was huge at the rate of 30%. Patel Engineering is a manufacturing sector that has spread its business across the country.
The way every country has done a lot of construction work to build new buildings, new roads and offices, due to which the work pressure increases. Keeping all this in mind, Patel Engineering Company has increased the quality of its products by using new technology.
Talking about share growth, it is inevitable that along with the growth of the company, the growth of the shares also has to increase. After knowing the basic information, now let us look at Patel Engineering Company share targets from 2024 to 2030.
| Year | Target 1 | Target 2 |
| 2024 | 62 | 89 |
| 2025 | 90 | 115 |
| 2026 | 125 | 140 |
| 2027 | 148 | 250 |
| 2028 | 260 | 275 |
| 2029 | 289 | 325 |
| 2030 | 350 | 410 |
The growth of the company has been very good during the last 5 years which increased from 22.20% to 62.20% and last year it was 180.23%. Talking about net profit, it ranged from Rs 55.23 to Rs 155.80 crore from 2022 to 2023. The company also has projects like Powerhouse, Earth Fill Dam, Tail Race Channel Switchyard and Ghatghar RCC Dam. The total tunnel capacity of the company is about 180 kilometres and the power generation capacity is more than 8000 MW. The first target of Patel Engineering is Rs 60 and the second target is Rs 89.
ROCE of Patel Company was 10.3% in the last 5 years, which reached 10.90% in the last three years and 14.03% last year. Net sales in March 2022 and 2023 were Rs 3025.60 crore to Rs 3585.52 crore. The company has made every effort to increase the investment amount on its assets because these assets have the potential for returns.
According to experts, the stock return of Patel company is also quite high. If we see according to the research of 2023, then the profit amount was more than the income of the company which reached from 75.25 to 197.20. Accordingly, if we look at the share price target 2025, the first target is Rs 90 and the second target is Rs 115.
Patel Engineering Company has played a very good role in the Real Estate Sector. The company also works on underground powerhouse projects. A prominent Rampur H.E. The project is spread over 15 kilometres and has a capacity of 415 MW while the power generation capacity of the Srisailam Project is 900 MW. Therefore, the promoter holding capacity of the company share is quite good, which is a very good thing for the expansion and development of the company share.
Considering all these facts, if we talk about Patel Engineering share price target 2027, the first target will be Rs 148 and the second target will be Rs 250.
Regarding 2030, Patel Engineering’s share price target will reach a perfect position. Being in the construction sector, the company’s net sales are showing a rapid increase. Net sales remained above 15% in the last 3 years. The tax imposed on the company was 40% in March 2022 and 24% in March 2023. The business of Patel Engineering Company is also spread in Arunachal Pradesh, at this place their 145 MW capacity Gongri Hydroelectric Project runs.
Considering this kind of growth, the first target in the share price target of the company in 2030 is Rs 350 and the second target is Rs 410.
Products & Services Provided by PATELENG Company
- Technology and Innovations
- Construction
- Infrastructure
- Assets Ownership
- Real Estate
- Lake Tapping
- Micro Tunneling
Patel Engineering Company’s Competitors
- Ashoka Buildcon
- PNC Infratech
- KNR Construct
- Sadbhav Engineering
- Man Industry
Advantages and Disadvantages of Patel Engineering Ltd.
Every share company has some advantages and disadvantages. Patel Engineering company shares also has some advantages and disadvantages which are given below.
| Advantage | Disadvantages |
| Since this company is very old, it has a good reputation in the market. The growth and profit for the last 5 years have also been good. | Labor charges of Patel Engineering Company are high because this company spends more on the training and development of employees as compared to its competitors. |
| Due to the high cash flow of this company, if someone invests in it, it is possible to get returns in the long term. | The company’s ROI for the last three years is seen at 0.95% which is a very poor result. |
| Labour charges of Patel Engineering Company are high because this company spends more on the training and development of employees as compared to its competitors. | The demand for Patel Engineering Company is increasing day by day as this company comes under construction service and infrastructure. |
Conclusion:-
So friends, looking at the prediction of Patel Engineering share target 2024, 25, 26, 27, 28, 29 and 2030, it is understood that Pateleng shares are of low risk level. There is a need to keep an eye on the target level to see the Pateleng share price moving upwards. For example, traders become disciplined in taking trades when the Patel share price rises and falls every month. Overall, considering the growth of the company, these shares prove to be less risky.
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Disclaimer:- The information given above is only for education purpose. Please consult your financial advisor for any investment. This site does not take responsibility for buying and selling shares.