Engineers India Limited (EIL) has been a key player in the engineering and construction industry for several decades. With the growth and expansion of the Indian economy, EIL has been a beneficiary of several infrastructure and construction projects.
As the Indian economy looks to sustain its growth, EIL is poised to play a major role in the development of several projects in the country. In this article, we will be discussing the EIL share price target for the years 2023 to 2030 and whether EIL is a good auto stock to buy.
The article will also be touching upon the recent “Engineers India Announcement under Regulation 30 (LODR)-Analyst / Investor Meet – Outcome”.
About the Company
Engineers India Ltd. (EIL) is an Indian state-owned engineering and construction company, headquartered in New Delhi, India. It is a Public Sector Undertaking of the Government of India under the Ministry of Petroleum and Natural Gas and is India’s leading engineering consultancy and EPC contractor.
Engineers India Ltd. was founded in 1965, mainly to provide engineering and related technical services for the development of the Indian petroleum industry. EIL also provides engineering and related services for projects in the hydrocarbon sector and other infrastructure sectors. The company has executed projects in more than 65 countries, including the United States, Canada, the United Kingdom, Australia, Japan, and South Africa.
EIL Share Price History
EIL has a long and successful track record of growth and profitability. Its stock price has been appreciating steadily over the years. In the past five years, its share price has appreciated by over 200%. The company’s performance has been driven by its strong project execution capabilities, high-quality engineering services, and increasing demand for its services in the oil and gas sector.
EIL has also been able to capitalize on the government’s focus on increasing domestic production of natural gas. It has been actively involved in the development of the country’s biggest gas discoveries, such as the KG-D6 basin. This has resulted in higher revenues and profits for the company.
The company’s stock price has been volatile during the ongoing coronavirus pandemic and the resulting slowdown in the global economy. However, the company’s fundamentals remain strong and its stock price is expected to remain on an uptrend in the long run.
As of February 10, 2023, the stock price of Engineers India Ltd is 81.05 INR.
Engineer India Ltd. in recent news
➤Engineers India Announcement under Regulation 30 (LODR)-Analyst / Investor Meet – Outcome
➤EIL organized a one day technical training programme
How to buy Engineers India Ltd. shares?
You can buy Engineers India Ltd shares through a stockbroker or a broker. You will need to open a demat account and trading account with the broker. Once your accounts are opened and funded, you can place an order for Engineers India Ltd shares with your broker. Your broker will execute the order on your behalf and the shares will be transferred to your demat account.
Some of the online trading platforms are:
Engineers India Ltd (EIL) Share Price Prediction 2023 to 2030
Engineers India Ltd. EIL Share Price Target 2023 is ₹120.15
|When||Maximum Price||Minimum Price|
The table above showcases EIL’s share price prediction for the year 2023. It is evident that the stock is expected to be in a bullish trend with an upward trend.
The maximum price is expected to be around ₹120.15 in December 2023 while the minimum price is expected to be around ₹47.36 in May 2023. This shows a growth percentage of approximately 153% from the minimum to the maximum price.
It is important to note that this prediction is based on market trends and economic conditions, and actual results may vary. Despite fluctuations in the stock price, the overall trend appears to be in an uptrend, making EIL a promising option for investors looking to invest in the engineering and construction sector.
EIL Share Price Target 2024 is ₹168.22
|When||Maximum Price||Minimum Price|
The share price of Engineers India Ltd (EIL) is expected to experience fluctuations over the course of 2024, with the minimum price ranging from ₹87.17 to ₹129.40 and the maximum price ranging from ₹113.32 to ₹168.22. The highest share price is expected to be seen in October 2024 at ₹157.07, while the lowest share price is expected to be seen in May 2024 at ₹87.17. While the market conditions may result in short-term fluctuations, the overall trend for the year appears to be positive with a range of possible gains for investors.
EIL (Engineers India Ltd) Share Price Target 2025 is ₹204.05
|When||Maximum Price||Minimum Price|
The share price of EIL is expected to increase in the future, with a maximum price of Rs. 204.05 and a minimum price of Rs. 131.99. The company is expected to be bullish in the market in 2025.The share price of Engineers India Ltd is expected to increase gradually over the next few years. The company is expected to experience strong growth in its core businesses, which should result in higher profits and a corresponding increase in the share price. Additionally, the company is expected to pay a healthy dividend, which should also attract investors to the stock.
Engineers India Ltd. Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
The table above showcases the EIL share price target from 2026 to 2030. The predictions indicate a significant growth in the stock price over the next few years.
The maximum price is expected to reach ₹499.93 in 2030 while the minimum price is expected to be ₹84.99 in 2027. This represents a growth of approximately 486% from the minimum to the maximum price.
In 2028, the growth rate is expected to reach approximately 139% with a maximum price of ₹218.54. This trend indicates a positive outlook for the stock in the coming years and makes EIL a potentially lucrative investment option for investors looking to invest in the engineering and construction sector.
Engineers India Ltd Financial Condition: Last 5 years
|Profit before tax||579.09||574.23||683.02||356.32||449.46||416.44|
|Price to earning||26.12||20.12||8.95||17.39||25.80||18.95|
The financial performance of Engineers India Ltd (EIL) for the past five years (March 2018 to March 2022) is marked by an upward trend in sales that reached a peak of ₹3,236.54 crore in March 2020. However, sales slightly decreased over the next two years, ending at ₹2,912.78 crore in March 2022.
Expenditures also rose over the years, reaching a high of ₹2,792.20 crore in March 2021, yet the company’s operating profit remained relatively constant, reaching a maximum of ₹455.36 crore in March 2020 and a minimum of ₹267.73 crore in March 2022.
The company has consistently generated additional income, reaching a high of ₹255.38 crore in March 2020. On the other hand, depreciation has also grown over the years, reaching a maximum of ₹25.20 crore in March 2022. Interest incurred by the company has been relatively modest over the years, reaching a high of ₹5.77 crore in March 2021.
The company’s pre-tax profit showed fluctuations over the past five years, reaching a peak of ₹683.02 crore in March 2020 and a low of ₹356.32 crore in March 2021. The net profit followed a similar pattern, reaching a maximum of ₹423.82 crore in March 2020 and a minimum of ₹139.52 crore in March 2022.
Earnings per share (EPS) and price to earnings ratio (P/E ratio) also showed fluctuations, with EPS reaching a high of ₹6.71 in March 2020 and a low of ₹2.48 in March 2021, while P/E ratio had a minimum of 8.95 in March 2020 and a maximum of 25.80 in March 2021.
The company has maintained a dividend payout ratio of 65-76% over the past five years, with a high of 120.85% in March 2022. The operating profit margin (OPM) has remained relatively stable, reaching a maximum of 23.51% in March 2018 and a minimum of 8.59% in March 2022.
Will the share price of Engineers India Ltd grow in 2023?
Yes, as the company is growing steadily, the share price of Engineers India Ltd will grow and reach ₹120.15 by the December of 2023.
What is the price prediction for Engineers India Ltd for 2030?
The per share price of EIL might reach around ₹499.93 by the end of 2030 on the basis of our calculations and current market trends.
What is the current market condition of Engineers India Ltd Stock?
At the time of writing, the Engineers India Ltd share price is trading at ₹87.80 with a market capitalisation of 49.66 billion INR.
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