If you are wondering about the future value of Engineers India Limited (EIL), here we are going to predict its share price for the years 2023 to 2030. It is an EIL (Engineers India Limited) a Navratna Public Sector Undertaking of the Ministry of Petroleum and Natural Gas.
The company registered a total revenue of Rs 2,913 crore in FY22 and a net profit of Rs 140 crore. The net profit margin is 4.81% and Earnings per Share (Diluted) is Rs 2.51. According to market experts, the target price of EIL stock at the end of the year can be Rs 104 per share, which is an upside of 41.41%.
If we look at its past, it declined in March 2020 and then it is unchanged for three years. Its share price in 2018 was Rs 158.85 and currently, it is trading at Rs 74.45. Before knowing anything else, let us know about this company.
The company deals in engineering consultancy and technical services for the following sectors, such as petroleum refining, petrochemicals, chemicals and fertilizers, crude, petroleum products and gas pipelines, sub-surface strategic storage, mining and metallurgy and many more.
Fundamentals of Engineers India Limited (EID)
It is a publicly-traded company on the Indian stock exchanges NSE and BSE. The company has a strong presence in many countries such as the Middle East, Africa and South East Asia. It is known for its engineering consultants, technical expertise, innovation and quality of services.
| Company Name | Engineers India Limited (EIL) |
| Industry | Engineering and Technical services |
| Country | India |
| Founded | 1965 |
| Primary Exchange | NSE |
| Traded Volume | 683,183 Cr |
| Market Cap | ₹ 4,179 Cr |
| Revenue (FY22) | ₹ 2,913 Cr |
| Net Profit | ₹ 139.51 Cr |
| Net Profit Margin | 4.81% |
| EPS (TTM) | 4.21 |
| P/E Ratio | 17.68 |
| Industry PE | 10.61 |
| Dividend Yield | 4.03% |
| 52 Week Low | 56.00 |
| 52 Week High | 90.75 |
| ROE | 7.93% |
| D/E Ratio | 0.01 |
| Face Value | 5 |
| Website | https://engineersindia.com |
EIL Future Growth Possibilities
There are several positive aspects of EIL that investors and stakeholders can consider:
- Government Support: EIL is a Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas, Government of India. Therefore, the government can support and provides opportunities for stability and long-term growth for the company.
- Strong Technical Expertise: The company has a strong reputation in the field of engineering and consultancy. This has helped the company bag various projects and contracts both in India and abroad.
- Strong Financial Position: EIL has a strong financial track record with consistent revenue growth over the years. The company has a healthy balance sheet with low debt and high cash reserves.
- Diversified portfolio: The company provides a wide range of services in various sectors such as oil and gas, petrochemicals, power, fertilisers, infrastructure and metallurgy. This diversification helps the company reduce risks associated with sector-specific downturns.
- International Presence: It has a strong presence in countries like the Middle East, Africa and South East Asia. This helps the company tap into international markets and diversify its revenue streams.
EIL share price history- Last 5 years
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2018 | 116.15 | 157.95 |
| 2019 | 98.95 | 121.70 |
| 2020 | 60.05 | 78.30 |
| 2021 | 69.95 | 84.95 |
| 2022 | 57.00 | 87.50 |
Engineers India share price target 2023 to 2030
Top analysts say that Engineers India Ltd’s share price will rise to Rs 104 by year-end in 2023, but some others say it will be unchanged up to the end of the year.
However, as per our research, experience and technical analysis, the share price of EIL will rise in the next 12 months. And below, we will share the future price of EIL for the coming years.
| Year | Target-I (₹) | Target-II (₹) |
|---|---|---|
| 2023 | 76.22 | 96.52 |
| 2024 | 87.32 | 116.63 |
| 2025 | 105.15 | 125.20 |
| 2026 | 122.24 | 145.51 |
| 2027 | 130.32 | 152.28 |
| 2028 | 186.26 | 222.12 |
| 2029 | 210.52 | 246.33 |
| 2030 | 275.50 | 305.40 |
2023
The minimum share price target for Engineers India (EIL) shares can be around Rs 76.22. And at the end of the year, the maximum share price target will be Rs 96.52.
2024
In 2024, as per our research and technical analysis, the first possible target for EIL shares can be around Rs 87.32. There will be further upside and finally, the maximum share price of Engineers India shares will be Rs.116.63.
2025
In 2025, as per our research, experience and forecasting system, the first possible target for EIL shares could be around Rs 105.15. This will go up once and the maximum share price target for Engineers India at the end of the year will be Rs 125.20.
2026
The first possible target for EIL shares could be around Rs 122.24. In the same year, the maximum price target for EIL shares can be Rs 145.51.
2028
In 2028, as per our research and technical analysis, the first possible target for EIL shares can be around Rs 186.26. This year it will increase and the maximum share price of EIL shares can be Rs 222.12.
2030
The minimum share price of EIL shares can be around Rs 275.50. And at the end of the year, the maximum share price target for EIL shares can be Rs 305.40.
EIL Risk factors
The stock price of EIL can be affected by various factors which are mentioned below:
- Company financial performance
- Government policies
- Global economic conditions
- Industry trends
How to buy EIL shares?
You must have a Demat account to buy shares. You can open a Demat account by visiting the stock broking platform in a matter of seconds. Popular stock broker’s websites are…
- Groww
- Angel One
- Upstox
- Sharekhan
- Zerodha
- HDFC Securities
FAQs
A: The maximum share price target for EIL could be Rs 105 to Rs 125 in 2025.
A: EIL stock can be good for the long term, but it will depend on government policies. But, you cannot expect huge returns.
A: The maximum share price target for EIL could be Rs 186 to Rs 222 in 2028.
A: The maximum share price target for EIL could be Rs 105 to Rs 125 in 2030.
Conclusion
Overall, the company has growth potential in the future which will provide ample opportunities to increase its market share in the engineering and consulting sector. Naturally, its stock price will rise in demand in the stock market and its share price will rise in the coming years.
