If you are looking for promising opportunities in the stock market for the long term, Dollar Industries Limited is one such company that has gained attention in recent years. So, we are here to predict its share price for the years 2024-2030.
The company is listed on both NSE and BSE in India. Over the years, the company has shown good financial results several times and has given returns of up to 330 per cent per share.
Dollar Industries Limited showed a tremendous jump in its share price within two years. In 2020, the company’s shares were trading at Rs 132.80. However, in a remarkable feat, the share price rose sharply to Rs 621.50, showing a growth rate of 330 per cent.
It is a reputed brand in the textile industry over the years and has shown steady growth. This type of stock gives good returns in the long term as well as the short term. But for this, buying at the right time is the key strategy to get profits in future.
Today, based on our research, we will predict Dollar Industries Ltd’s share price targets for the years 2024 to 2030.
Dollar Industries Ltd – Overview
Dollar Industries is a leading manufacturer and marketer of hosiery and textile products. The company is engaged in underwear, socks and thermal wear. It has a popular brand image in the textile industry. The company has increased its market share in both urban and rural areas by establishing a distribution network.
Fundamentals
The company reported a revenue of Rs 406.38 crore, which is up 8.95 per cent year over year. But, the net profit is currently running low ( Rs 3.68 Cr), which may take time to cover. Dollar Industries Ltd. is currently trading at Rs.380.45, up 4.95% on the day.
Dollar Industries share price target 2024-2030
Market analysts say that the share price of Dollar Industries has Bullish momentum in the near term. By the end of this year, the share price may go up to Rs 410.50.
Note: The share price target is based on our research and technical analysis, which may differ from the actual price. This is an estimated share price value, intended to give an idea and should not be taken as advice at all for your investments.
See also – Subex share price target
2024
Based on the current growth prospects and favourable market conditions, it is expected Dollar Industries share price to continue rising. The estimated target price for Dollar Industries shares ranges from Rs 400.00 to Rs 420.50 per share by 2024.
2025
As the income of the Indian middle class increases, the demand for branded apparel will also increase, which will benefit Dollar Industries. The share price may further increase as Dollar Industries further consolidates its market position and may take advantage of future growth opportunities. Based on our technical analysis, a target price range of Rs 420 to Rs 450 per share can be considered for 2025.
See also – Himadri share price target
2026
Based on our research and technical analysis, Dollar Industries share price target is Rs 465.25 to Rs 500.75 per share by 2026.
2028
Dollar Industries has shown good revenue growth in recent months and a dominant position in the market. Its share price is expected to remain high in the long term. There are many factors to consider and the estimated target price for Dollar Industries is Rs 620.50 to Rs 750.30 per share by 2028.
2030
When looking to the future, dollar industry brand value, strong network and expansion emerge as key factors that can drive substantial growth. With the above and many other factors, the expected share price target for Dollar Industries could be in the range of Rs 810.50 to Rs 875.00 per share for the year 2030.
Note: Please note that the share price targets mentioned above are approximate estimates based on current trends, industry analysis and others. Actual market conditions and various external factors may cause results to differ.
Risk Factors
We need to consider a variety of factors that can affect a company’s growth prospects:
- Market Demand: The demand for textile products is affected by many factors such as changing fashion trends and decreasing income.
- Competitive Scenario: Dollar Industries faces competition from both domestic and international players.
- Govt. Policy: Changes in the government policy for the textile industry may affect its share price.
- Raw Material Costs: Fluctuations in the prices of raw materials such as cotton and synthetic fibres can affect Dollar Industries’ profit margins.
FAQs
Ans: The target price for Dollar Industries shares for 2025 is Rs 420 to Rs 450 per share.
Ans: The market cap of Dollar Industries is Rs 2,163 crore in 2023.
Ans: The estimated target price for Dollar Industries shares is Rs 620.50 to Rs 750.30 per share by 2028.
Ans: The expected target price for Dollar Industries shares by 2030 is Rs 810.50 to Rs 875.00.
Conclusion
Dollar Industries has demonstrated steady growth and has established itself as a dominant player in the apparel industry. While predicting share prices is inherently challenging given the company’s strong market position, expansion plans and growth potential, Dollar Industries is well-positioned to deliver favourable returns for investors over the next decade.
(Disclaimer: Dollar Industries Ltd’s share price target is for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice. Before investing in any company you should do your own research and consult your financial advisor).
