Best Stock for Long Term: Rishabh Digha Steel & Allied Products Ltd. Share Price Target 2026 to 2030, Long-term investment in stocks necessitates a thorough evaluation of a company’s growth prospects, market position, and financial stability. Rishabh Digha Steel & Allied Products Ltd. is one such company that has been attracting attention from investors. Future stock value offers is an analysis of the company’s stock performance and forecasts its potential share price targets for the period from 2026 to 2030.
Rishabh Digha Steel & Allied Products Ltd. Overview
Rishabh Digha Steel & Allied Products Ltd. specializes in the processing and trading of steel-related goods. The company has experienced variations in both revenue and profitability, which are indicative of prevailing market conditions and the dynamics of supply and demand. Its business model is well-suited to meet India’s increasing demand for steel in sectors such as construction, railways, and industrial projects.
Rishabh Digha Steel & Allied Products Ltd. Share Price Target 2026 to 2030
Forecasting an exact stock price for the year 2026 to 2030 requires an analysis of multiple market factors, growth rates in finance, and overall economic stability. Utilizing historical data, industry forecasts, and projected CAGR (Compounded Annual Growth Rate), we present a preliminary estimate.
Current Price ₹ 47/-
| Year | Bullish Scenario | Intermediate Situation | Bearish Scenario |
|---|---|---|---|
| 2026 | ₹ 135 – ₹ 170 | ₹ 110 – ₹ 140 | ₹ 80 – ₹ 100 |
| 2030 | ₹ 600 – ₹ 650 | ₹ 550 – ₹ 610 | ₹ 460 – ₹ 500 |
- 2026 Share Price Target: Rishabh Digha Steel is anticipated to gain from a rise in domestic steel demand. Should the company sustain consistent revenue growth and profitability, the share price may potentially rise to between ₹135 and ₹170, provided there is a moderate increase in stock performance.
- 2027 Share Price Target: As India advances its infrastructure development initiatives, the company may experience increased revenue. Should Rishabh Digha Steel effectively broaden its operations and enhance profit margins, the share price could potentially reach between ₹200 and ₹300.
- 2028 Share Price Target: Technological progress and strong demand for steel may result in an increase in the company’s stock value. The projected share price is anticipated to fall between ₹400 and ₹425, contingent upon prevailing market conditions and competition within the industry.
- 2029 Share Price Target: Should Rishabh Digha Steel expand its product offerings and enhance its market presence, it may experience additional growth. In this context, the share price could potentially increase to between ₹500 and ₹550.
- 2030 Share Price Target: By the year 2030, the Indian steel industry is expected to achieve significant growth. Should Rishabh Digha Steel align itself with industry trends and uphold a robust financial position, its share price may fall between ₹600 and ₹650, providing considerable returns for long-term investors.
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Rishabh Digha Steel & Allied Products Ltd Essentials
- Market Cap : ₹ 25.08 Cr.
- Enterprise Value : 28.05 %
- No. of Shares : 0.55 Cr.
- P/E : 2.19
- P/B : 1.43
- Face Value : ₹ 10
- Div. Yield : 0 %
- Book Value (TTM) : ₹ 32
- CASH : ₹ 0.05 Cr.
- DEBT : ₹ 3.02 Cr.
- Promoter Holding : 74.31 %
- EPS (TTM) : ₹ 20.83
- Sales Growth : -100 %
- ROE : 93.52 %
- ROCE : 100.61 %
- Profit Growth : 2,595.01 %
Rishabh Digha Steel & Allied Products Ltd Peer Comparison
| COMPANY | PRICERs. | MCAPCr. | P/B | P/E | EPSRs. | ROE% | ROCE% | P/S | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Ankit Metal & Power | 2.52 | 35.42 | 0 | 0 | -18.20 | 0 | -34.20 | 0.04 | -5.15 |
| Kridhan Infra | 3.72 | 35.26 | 0 | 1.05 | 3.56 | 0 | 0 | 41.73 | 41.64 |
| Bombay Wire Ropes | 65 | 34.71 | 3.93 | 0 | -0.67 | -4.17 | -6.25 | 0 | -65.62 |
| National General Ind | 50 | 27.65 | 0.75 | 21.70 | 2.30 | 9.34 | 9.90 | 2.16 | 14.98 |
| Grand Foundry | 8.91 | 25.62 | 0 | 0 | -0.22 | 0 | 0 | 0 | -115.00 |
| Rishabh Digha Steel | 45.71 | 25.08 | 1.43 | 2.19 | 20.83 | 93.52 | 100.61 | 0 | 1.71 |
| Ashiana Ispat | 29.85 | 23.78 | 0.64 | 0 | -0.85 | 3.88 | 8.21 | 0.07 | 10.53 |
| Excellent Wires | 50 | 22.35 | 1.04 | 26.93 | 1.86 | 40.07 | 32.43 | 1.45 | 16.30 |
| Quality Foils | 75.15 | 21.45 | 0.75 | 16.05 | 4.68 | 4.76 | 6.81 | 0.14 | 9 |
| Modern Steels | 14.95 | 20.58 | 1.62 | 23.38 | 0.64 | 4.62 | 4.17 | 0 | 23.92 |
Rishabh Digha Steel & Allied Products Ltd Quarterly Result (All Figures in Cr.)
| PARTICULARS | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0.14 | 0.97 | 0.14 | 0.04 | 0.82 |
| Operating Profit | -0.14 | -0.97 | -0.14 | -0.04 | -0.82 |
| Other Income | 0.10 | 15.80 | 0.26 | 0.27 | 0.31 |
| Interest | 0.01 | 0.01 | 0.04 | 0 | 0 |
| Depreciation | 0.03 | -0.04 | 0 | 0 | 0 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0.08 | 14.86 | 0.08 | 0.23 | -0.51 |
| Tax | 0 | 2.99 | 0 | 0 | 0.24 |
| Profit After Tax | -0.08 | 11.87 | 0.08 | 0.23 | -0.75 |
| Adjusted EPS (Rs) | -0.15 | 21.64 | 0.15 | 0.42 | -1.37 |
Rishabh Digha Steel & Allied Products Ltd Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales | 2.52 | 0.40 | 0 | 0.01 | 0 |
| Total Expenditure | 2.23 | 0.93 | 0.59 | 0.56 | 1.41 |
| Operating Profit | 0.30 | -0.53 | -0.59 | -0.55 | -1.41 |
| Other Income | 0.52 | 0.45 | 0.32 | 0.31 | 16.04 |
| Interest | 0.03 | 0.01 | 0.03 | 0.05 | 0.07 |
| Depreciation | 0.17 | 0.18 | 0.15 | 0.16 | 0.07 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0.62 | -0.27 | -0.45 | -0.45 | 14.49 |
| Tax | 0.22 | -0.02 | -0.01 | 0.01 | 2.99 |
| Net Profit | 0.40 | -0.25 | -0.44 | -0.46 | 11.50 |
| Adjusted EPS (Rs.) | 0.73 | -0.46 | -0.80 | -0.84 | 20.96 |
Rishabh Digha Steel & Allied Products Ltd Balance Sheet (All Figures are in Crores.)
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Equity and Liabilities | |||||
| Share Capital | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 |
| Total Reserves | 2.21 | 1.99 | 1.55 | 1.11 | 12.51 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other N/C liabilities | -0.16 | -0.18 | -0.19 | -0.20 | -0.13 |
| Current liabilities | 0.29 | 0.13 | 0.56 | 1.41 | 3.08 |
| Total Liabilities | 7.83 | 7.43 | 7.41 | 7.81 | 20.95 |
| Assets | |||||
| Net Block | 1.74 | 1.56 | 1.59 | 1.73 | 0.09 |
| Capital WIP | 0 | 0 | 0 | 0 | 0 |
| Intangible WIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.64 | 4.63 | 5.61 | 1.71 | 19.09 |
| Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Other N/C Assets | 0 | 0 | 0 | 0 | 0 |
| Current Assets | 4.45 | 1.24 | 0.21 | 4.37 | 1.77 |
| Total Assets | 7.83 | 7.43 | 7.41 | 7.81 | 20.95 |
Rishabh Digha Steel & Allied Products Ltd Cash Flows (All Figures are in Crores.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |||
|---|---|---|---|---|---|---|---|---|
| Profit from operations | 0.62 | -0.23 | -0.45 | -0.45 | 14.49 | |||
| Adjustment | 0.17 | 0.17 | 0.15 | 0.16 | 0.07 | |||
| Changes in Assets & Liabilities | -0.12 | 1.52 | -0.51 | 0.35 | 4.20 | |||
| Tax Paid | 0 | 0 | 0 | 0 | -2.99 | |||
| Operating Cash Flow | 0.67 | 1.45 | -0.81 | 0.05 | 15.76 | |||
| Investing Cash Flow | 0.11 | -1.48 | 0.80 | -0.07 | -15.76 | |||
| Financing Cash Flow | -1.32 | 0 | 0 | 0 | 0 | |||
| Net Cash Flow | -0.54 | -0.03 | -0.01 | -0.01 | 0 |
Rishabh Digha Steel & Allied Products Ltd Corporate Actions (Dividend)
| EX DATE | RECORD DATE | DIVIDEND% | AmountRs. | TYPE |
|---|---|---|---|---|
| 20 Sep 2019 | 24 Sep 2019 | 20 | 2 | Final |
| 14 Sep 2018 | 18 Sep 2018 | 20 | 2 | Final |
| 18 Sep 2017 | 20 Sep 2017 | 15 | 1.5 | Final |
| 16 Sep 2016 | 20 Sep 2016 | 10 | 1 | Final |
Shareholding
| Summary | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.3% | 74.3% | 74.3% | 74.1% | 74.1% | 74.1% | 74.1% | 74.1% | 74.1% | 73.9% | 73.9% | 73.9% |
| FII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.7% | 25.7% | 25.7% | 25.9% | 25.9% | 25.9% | 25.9% | 25.9% | 26.0% | 26.1% | 26.1% | 26.1% |
“The financial figures mentioned in this analysis are derived from Ticker by Finology for accuracy and reliability.”
Potential for Growth and Future Perspectives of Best Stock For Long Term
The future of Rishabh Digha Steel & Allied Products Ltd looks promising due to several reasons:
- Infrastructure Expansion: The Indian government’s focus on infrastructure projects is expected to drive steel demand.
- Expansion Plans: Should the company increase its production capacity and improve its efficiency, it may experience better financial results.
- Progress in Technology: The implementation of advanced manufacturing technologies has the potential to decrease costs and enhance product quality.
- Sustainability Programs: Adopting environmentally friendly and sustainable practices in steel production can provide the company with a competitive advantage.
Analysis of Financial Performance
To forecast future share price targets, it is crucial to examine the company’s historical financial information, which encompasses revenue, profit margins, debt levels, and return on equity. Additionally, investors should review the latest quarterly results and annual financial statements to assess the company’s financial stability.
Key Financial Metrics:
- Revenue Growth: A steady increase in revenue indicates a strong demand for the company’s products.
- Profit Margins: Increased profit margins indicate effective management of costs and strategic pricing approaches.
- Debt-to-Equity Ratio: A decreased ratio indicates greater financial stability and a lesser reliance on borrowed funds.
- Earnings Per Share (EPS): An increase in EPS typically leads to enhanced investor confidence.
Business Model and Operations
The primary business activities of Rishabh Digha Steel & Allied Products Ltd encompass:
- Manufacturing of Steel Products: The company manufactures an extensive variety of steel products, including sheets, coils, and structural steel elements utilized in both construction and industrial sectors.
- Commerce in Steel and Related Products: In addition to its manufacturing activities, the company participates in the trading of a range of steel and related products, thereby broadening its sources of revenue.
- Distribution Network: The organization boasts a robust distribution network that guarantees its products are delivered to a wide range of industries throughout India.
- Quality and Innovation:With a strong focus on quality assurance and innovation, Rishabh Digha Steel ensures its products meet the highest industry standards.
Rishabh Digha Steel Share Price Analysis
Investors in the stock market pay careful attention to the fluctuations in the share prices of Rishabh Digha Steel & Allied Products Ltd. Several factors play a significant role in determining its stock price:
- Industry Trends: The overall performance of the steel industry in India significantly influences the stock price of the company.
- Raw Material Costs: The costs of raw materials such as iron ore and coal influence production expenses and, in turn, affect profit margins.
- Global and Domestic Demand: Steel demand in domestic and international markets influences stock performance.
- Government Policies: Policies governing infrastructure development, import-export tariffs, and taxation have a significant impact on the company’s operations and its stock price.
- Investor Sentiment: Market trends, the level of investor confidence, and prevailing economic conditions contribute significantly to variations in share prices.
Factors to Evaluate Regarding Risk
Investors should consider the following risks prior to making an investment in Rishabh Digha Steel:
- Market Volatility: Price fluctuations in the stock may occur as a result of economic uncertainties.
- Raw Material Costs: The increasing expenses associated with raw materials such as iron ore and coal may affect profit margins.
- Regulatory Challenges: Alterations in governmental policies or trade regulations may impact business operations.
- Competition: Challenges may arise due to heightened competition from larger steel manufacturers.
Conclusion
Rishabh Digha Steel & Allied Products Ltd stands out as a significant entity within the Indian steel sector. The company’s business strategy, financial results, and stock market performance render it an appealing option for investors. Despite encountering competition and various market obstacles, its potential for future growth appears robust, fueled by the demand for infrastructure and advancements within the industry. It is advisable for investors to engage in comprehensive research and remain informed about market developments prior to making investment choices.
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