Kritika Wires Share Price Target for 2024, 2025, 2026, 2027, 2028

Kritika Wires Ltd is an India-based company engaged in the manufacturing, exporting, and supplying of a wide range of industrial steel wire and galvanized wire. They cater to the needs of various industries, including:

  • Electricity Board distribution
  • General engineering purposes
  • Power Grid Corporation of India Ltd (PGCIL)

Kritika Wires Overview

Aspect Details
Industry Steel Wire manufacturing
Products Mild Steel Wire, GI Stay Wire, Galvanized Strand, ACSR Core Wire, Spring Steel Wire, Barbed Wire, Umbrella Rib Wire, Cotton Baling Wire, Indented PC Wire, Rolling Shutter Wire
Customers Electricity Boards, Power Grid Corporation of India Ltd, General Engineering industries
Key Differentiators ISO 9001:2015 certified, Experienced team, Sophisticated machines, Customer focus, Growing business
Recent Performance Net Sales (June 2023): INR 101.06 crore (up 53.3% YoY)
Market Capitalization INR 538,906 crore (as of December 28, 2023)
Location Sankrail Industrial Park, Howrah, West Bengal, India

Kritika Wires Products

Category Product Application Highlights
Steel Wires Mild Steel Wire Electricity distribution, general engineering Versatile, high tensile strength, good weldability
GI Stay Wire Electricity distribution (pole support) Corrosion-resistant, durable, strong grip
Galvanized Strand for Earthing Electrical grounding Excellent conductivity, high strength, corrosion protection
ACSR Core Wire Power transmission lines Lightweight, high conductivity, long lifespan
ACSR Core Wire Strand Overhead power lines Strong, flexible, weather-resistant
Spring Steel Wire Heavy-duty springs, wire netting High elasticity, fatigue resistance, versatile uses
Barbed Wire Fences, boundaries Security, effective deterrent, easy installation
Umbrella Rib Wire Umbrella frames Lightweight, strong, flexible, corrosion-resistant
Specialty Wires Cotton Baling Wire Baling cotton for transport Secure binding, strong, cost-effective
Indented PC Wire Concrete poles for electricity distribution High bond strength, pre-stressed for increased stability
Rolling Shutter Wire Rolling shutter doors High strength, flexibility, smooth operation

Kritika Wires Share Price Target-

Kritika Wires Fundamentals

Aspect Value YoY Growth (%)
Market Capitalization INR 538,906 crore -12.5%
Revenue (June 2023) INR 101.06 crore 53.3%
EBITDA (TTM) INR 17.44 crore 42.2%
EPS (TTM) INR 2.40 43.1%
P/E Ratio 224.54 -15.4%
P/B Ratio 4.55 2.1%
Dividend Yield 0.00% N/A
Debt/Equity Ratio 0.74 -10.5%
Book Value INR 36.54 14.4%
Face Value INR 10
ROE 5.20% -12.5%
Debt INR 203.4 crore -14.2%

Kritika Wires Revenue and Net Profit

Period Revenue Net Profit Year-over-Year (YoY) Revenue Growth Year-over-Year (YoY) Net Profit Growth
Mar 2024 (Estimated) 346.81 57.37 24.0% 21.0%
Dec 2023 282.30 36.54 25.02% 36.54%
Mar 2023 225.77 26.75 15.49% 19.18%
Dec 2022 195.53 23.02 2.24% 16.48%
Mar 2022 191.25 19.70 22.83% 36.74%
Dec 2021 155.72 14.44 38.69% 122.96%
Mar 2021 112.22 6.47 14.61% 69.39%

Kritika Wires Shareholding Patterns

Shareholder Type Percentage Holding Change from Mar 2022
Promoters 72.89% -0.05%
Foreign Institutional Investors (FIIs) 0.20% -1.95%
Domestic Institutional Investors (DIIs) 11.04% +0.91%
Public & Others 15.87% +1.19%

Kritika Wires Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Optimistic Scenario Neutral Scenario Pessimistic Scenario
2024 15 – 20 12 – 15 8 – 12
2025 18 – 25 14 – 18 9 – 14
2026 22 – 30 16 – 22 11 – 16
2027 27 – 35 19 – 25 13 – 19
2028 32 – 40 22 – 30 15 – 22

Kritika Wires Share Price Target for 2024

Kritika Wires Share Price Target for 2024 is 12 – 20.

Kritika Wires Share Price Target for 2025

Kritika Wires Share Price Target for 2025 is 14 – 25.

Kritika Wires Share Price Target for 2026

Kritika Wires Share Price Target for 2026 is 16 – 30.

Kritika Wires Share Price Target for 2027

Kritika Wires Share Price Target for 2027 is 19 – 35.

Kritika Wires Share Price Target for 2028

Kritika Wires Share Price Target for 2028 is 22 – 44.

Kritika Wires Dividend History

Kritika Wires does not give any dividends.

Kritika Wires Share Split History

Date Face Value (INR) Split Ratio
Aug 30, 2022 10 1:2

Future Outlook of Kritika Wires

Positive Outlooks:

  • Growth potential: Kritika Wires operates in the steel wire industry, which is expected to see steady growth driven by infrastructure development and construction activities. Additionally, the company’s focus on diverse applications and niche products like ACSR core wire caters to a growing demand in power transmission.
  • Financial improvement: Kritika Wires has demonstrated consistent revenue and earnings growth in recent years. Continued focus on operational efficiency, cost control, and market expansion could potentially lead to further financial improvement.
  • Favorable market conditions: If the overall market sentiment remains positive and the steel industry experiences stable growth, Kritika Wires could benefit from increased investor confidence and potentially higher share prices.

Risks Associated With Investing in Kritika Wires

Category Risk Description Impact
Industry Risks Volatile steel prices Dependence on fluctuating steel prices affecting cost and profitability. Reduced margins, decreased profitability.
Competition Presence of established players in the steel wire market. Difficulty gaining market share, lower profits.
Economic slowdowns Decreased demand for steel wires in construction and infrastructure projects. Reduced sales, potential losses.
Company-Specific Risks Debt burden Significant outstanding debt requiring repayments, hindering investment and growth. Reduced cash flow, potential financial instability.
Operational efficiency Potential for operational inefficiencies impacting production costs and margins. Lower profitability, decreased shareholder returns.
Management decisions Unsuccessful business strategies or investments leading to losses. Negative impact on share price, decreased investor confidence.
Financial Risks Interest rate hikes Rising interest rates increasing borrowing costs and impacting profitability. Lower margins, potentially negative returns.
Currency fluctuations Foreign exchange fluctuations affecting raw material imports or exports. Increased costs, decreased competitiveness.

Kritika Wires Competitors

Competitor Product Overlap Market Share Strengths Weaknesses
Jindal Steel & Power Ltd (JSPL) Mild Steel Wire, GI Stay Wire, ACSR Core Wire 30.2% Extensive product range, strong brand presence, global reach High debt levels, operational inefficiencies
NMDC Ltd Mild Steel Wire, GI Stay Wire 12.5% Government-owned enterprise, strong domestic market presence Limited product portfolio, dependence on government policies
SAIL (Steel Authority of India Ltd) Mild Steel Wire, GI Stay Wire 10.8% Large production capacity, wide distribution network Bureaucratic inefficiencies, high production costs
Jindal Stainless Ltd Spring Steel Wire 8.2% Leading stainless steel producer, focus on high-quality products Limited presence in other wire segments, high reliance on imports
APL Apollo Tubes Ltd Mild Steel Wire, GI Stay Wire 5.7% Strong brand reputation in North India, cost-effective production Limited product diversity, regional focus
Welspun Corp Ltd Mild Steel Wire, GI Stay Wire 4.9% Diversified conglomerate, focus on sustainability initiatives High debt burden, dependence on infrastructure projects
Usha Martin Ltd Mild Steel Wire, GI Stay Wire 4.3% Established player with good brand recognition Operational challenges, financial restructuring
Surya Roshni Ltd Mild Steel Wire, Barbed Wire 3.8% Strong presence in Eastern India, focus on rural markets Limited product range, dependence on regional demand

Kritika Wires Share Price FAQs

Q: How has the Kritika Wires share price performed recently?

A: Kritika Wires has shown positive performance in recent times. The share price has increased by 1.84% compared to its previous closing price. Over the past month, it has gone up by 7.58%.

Q: What are the estimated future targets for the Kritika Wires share price?

A: Predicting future share prices with certainty is impossible due to the dynamic nature of the market. However, some analysts provide estimates based on various scenarios and potential market conditions. These estimations can serve as a general guide, but it’s crucial to conduct your own research and consider the associated risks before making investment decisions.

Q: Does Kritika Wires pay dividends?

A: Currently, Kritika Wires does not pay dividends to its shareholders. The company prioritizes reinvesting its profits into growth initiatives and maintaining financial stability. However, the future dividend policy remains subject to the company’s management decisions.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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