Lakshmi Organic Industries Limited (LOIL) is a leading speciality chemicals manufacturer in India. It offers a wide range of speciality ingredients and solvents for pharmaceuticals, agrochemicals, food packaging, pigments and other industries.
The company has shown good financial performance in recent years by consistently increasing its revenue and net profit. This stock is a good option for the long term and the share price can double in the next 2 years.
Growing demand for specialty chemicals across various industries including pharmaceuticals, agrochemicals and personal care is expected to continue to drive growth.
As investors we must look for opportunities in the stock market, hence it becomes important to analyze and forecast the possible share price targets for Lakshmi Organics.
In this article, we will look at the company’s growth prospects and provide an optimistic outlook for share price targets for the years 2024 to 2030.
Fundamentals of Laxmi Organic
Laxmi Organic has reported standalone financial results for the quarter and year ended March 31, 2023. Where the total income of the company is Rs 7,118.38 crore (market cap) and the total expenses are Rs 6,736.21 crore.
| Company Name | Laxmi Organic Industries Limited |
| Industry | Metals & Chemicals |
| Primary Exchange | NSE/BSE |
| Founded | 1989 |
| Traded Volume | Dividend Yield |
| Market Cap | Rs 7,117 Cr |
| Revenue | Rs 733.19 Cr |
| Net Profit | 24.32 |
| EPS | 4.91 |
| P/E Ratio | 54.58 |
| ROE | 9.22 |
| Dividend Yield | 0.19 |
| 52 Week Low | 220.50 |
| 52 Week High | 395.80 |
| Debt to Equity | 0.29 |
| Buy/Sell/Hold | Buy |
| Face Value | 2 |
| Official Website | https://www.laxmi.com |
Laxmi Organic share price target 2024-2030
To meet the demand, Lakshmi Organics has initiated plans to increase its production capacity. To this end, the company began investing in new manufacturing facilities and technologies to meet the growing needs of customers. Hence such a strategic move is expected to have a positive impact on the share price along with revenue growth.
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2024
Looking at the market demand, the share price of Lakshmi Organic can be increased. Hence, based on our research and technical analysis, Lakshmi Organic shares have a minimum target price of Rs 295.75 and a maximum target price of Rs 325.10 by 2024.
- 1st Target: Rs 295.75
- 2nd Target: Rs 325.10
2025
The share price is expected to rise further as the company expands its production capacity to meet the growing demand for speciality chemicals. Hence, revenue growth and profit are expected in the next two years.
If the company maintains its growth rate, then the minimum target price for the Laxmi Organic shares is Rs 330.20 and the maximum target price is Rs 355.50 by 2025.
- 1st Target: Rs 330.20
- 2nd Target: Rs 355.50
2026
In 2026, Lakshmi Organic’s growth momentum is likely to continue, driven by its expansion of favourable industry products. Hence, based on our experience and research, we have a minimum share price target of Rs 360.30 and a maximum target price of Rs 390.50 for Lakshmi Organic, with an upside of 30-40% from current levels.
- 1st Target: Rs 360.30
- 2nd Target: Rs 390.50
2028
With continued growth and market consolidation, Lakshmi Organic Industries Limited is expected to see further growth in its share price. By 2028, the target price range is estimated at Rs 410.30 to Rs 435.20, with an upside of 40 to 50 per cent from current levels.
- 1st Target: Rs 410.30
- 2nd Target: Rs 435.20
2030
Looking to 2030, Lakshmi Organic has great potential to become a major player in the global speciality chemicals market. As the company continues to expand its product portfolio and manufacturing capabilities, the share price target for 2030 is estimated to be in the range of Rs 490.20 to Rs 530.10 by 2030. Which represents a potential growth of 50 to 60 per cent.
- 1st Target: Rs 490.20
- 2nd Target: Rs 530.10
How to buy Laxmi Organic Industries share?
You can follow these simple steps to buy shares of Laxmi Organic Industries Limited:
- Open a Demat/Trading Account: You need to open a Demat account with a registered stock broker or brokerage firm. You can choose from various online brokerage platforms.
- KYC Process: Once you have chosen the stockbroker, you need to complete the KYC (Know Your Customer) process. Here, you can complete the documents like PAN card, Aadhaar card, address proof and bank account details.
- Fund Your Trading Account: Once your account is opened and the KYC process is done, you will need to deposit funds into your trading account. This can usually be done through an online transfer from your bank account to your trading account.
- Research and Analysis: Before buying any stock, thoroughly research and analyze the company’s fundamentals, financial performance, industry trends and any other relevant information.
- Placing the Order: Once you have decided to buy shares of Lakshmi Organic Industries, you can place an order through your trading account. You will need to specify the number of shares you wish to buy.
- Monitor Your Investment: You need to regularly monitor your investments, stay updated with company news and financial reports and take decisions accordingly.
FAQs
The current share price of Laxmi Organic is Rs 268.00.
The maximum target price for Laxmi Organic shares is Rs 530.10 by 2030.
Lakshmi Organic is a good stock for the long term and has huge potential for future growth. The stock’s target price has the potential for a 40 to 60 per cent upside from its current levels by 2030.
The target price for Laxmi Organic shares for 2028 is Rs 435.20.
This is a good stock in which you can expect average returns in the long term as well as in the near term.
The target price for Laxmi Organic shares by 2025 is in the range of Rs 330 to Rs 355.
Conclusion
Laxmi Organics is well-positioned to meet the growing demand for speciality chemicals in India and globally. With its strong financial performance, expansion plans, diversified product portfolio and favourable industry trends, the company is ready to achieve substantial growth in the coming years. So looking at the positive outlook, Laxmi Organics is likely to witness significant share price growth in the years 2024 to 2030.
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(Disclaimer: The share price and other information are based on its results over the years. This information should not be considered investment advice in any way. Investing in the stock market is subject to risk and you should consult your financial advisor before investing.)
