Emkay Taps & Cutting Tools Ltd stands out as a leading manufacturer of precision cutting tools. The company is well-regarded for its production of high-quality taps, end mills, and drills, serving sectors such as automotive, aerospace, and general engineering. For investors looking for long-term prospects, it is essential to evaluate the Emkay Tools Share Price Target 2030, taking into account market trends, financial performance, and growth within the industry.
Emkay Taps & Cutting Tools Ltd Overview
Emkay Taps & Cutting Tools Ltd was established with the aim of providing high-quality cutting tools and has since earned a reputation in both local and global markets. The company’s robust research and development (R&D) efforts, coupled with its commitment to innovation, position it as a favored option for manufacturers around the world.
Important features of Emkay Taps & Cutting Tools Ltd:
- Focuses on high-precision cutting instruments such as taps, drills, and end mills.
- Caters to sectors including automotive, aerospace, and heavy engineering.
- Distributes its products to various nations.
- Emphasis on research and development as well as technological progress.
Emkay Tools Share Price Target 2030
Projected Emkay Taps & Cutting Tools Ltd Share Price Target 2030 Analysts, through financial assessments, industry trends, and anticipated growth potential, forecast that the share price of Emkay Taps & Cutting Tools Ltd may experience considerable increase by the year 2030.
Current Price ₹ 367/-
| Year | Bullish Scenario | Intermediate Situation | Bearish Scenario |
|---|---|---|---|
| 2026 | ₹ 450 – ₹ 500 | ₹ 390 – ₹ 440 | ₹ 350 – ₹ 400 |
| 2030 | ₹ 3200 – ₹ 3500 | ₹ 2700 – ₹ 3100 | ₹ 2100 – ₹ 2500 |
- Bullish Scenario: Should Emkay maintain its present growth path, broaden its market presence, and enhance its revenue, the share price may potentially rise to between ₹3,200 and ₹3,500 by the year 2030. This projection is based on the expectation of robust financial results, increasing demand, and effective global expansion efforts.
- Intermediate Situation: Under conditions of moderate growth, characterized by consistent revenue and industry development, the stock is expected to fluctuate between ₹2,700 and ₹3,100 by the year 2030. This forecast considers a stable business performance, albeit with certain challenges within the industry.
- Bearish Scenario: Should market conditions worsen, characterized by economic downturns or heightened competition, the stock could potentially fluctuate between ₹2,100 and ₹2,500 by the year 2030. This outlook takes into account risks like reduced demand or financial challenges.
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Emkay Tools Essentials
- Market Cap : ₹ 393.77 Cr.
- Enterprise Value : 396.50 %
- No. of Shares : 1.07 Cr.
- P/E : 35.05
- P/B : 1.32
- Face Value : ₹ 10
- Div. Yield : 0 %
- Book Value (TTM) : ₹ 280.10
- CASH : ₹ 3.75 Cr.
- DEBT : ₹ 6.48 Cr.
- Promoter Holding : 74.99 %
- EPS (TTM) : ₹ 67.38
- Sales Growth : 16.74 %
- ROE : 27.40 %
- ROCE : 33.65 %
- Profit Growth : 62.93 %
Emkay Tools Peer Comparison
| COMPANY | PRICERs. | MCAPCr. | P/B | P/E | EPSRs. | ROE% | ROCE% | P/S | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| International Convey | 66.53 | 419.57 | 1.14 | 4.90 | 13.52 | 24.12 | 24.07 | 3.04 | 4.06 |
| Fabtech Tech. Clean | 339 | 417.63 | 4.62 | 79.38 | 4.27 | 10.74 | 15.29 | 5.06 | 47.87 |
| Sahaj Solar | 372.25 | 408.95 | 6.51 | 33.35 | 11.16 | 52.09 | 39.38 | 2.28 | 18.97 |
| Josts Engineering | 405.45 | 404.59 | 5.15 | 26.24 | 15.45 | 18.85 | 25.67 | 2.32 | 16.60 |
| Pradeep Metals | 231.50 | 399.80 | 2.98 | 18.53 | 12.49 | 15.87 | 17.31 | 1.59 | 10.38 |
| Emkay Taps & Cutting | 369 | 393.77 | 1.32 | 5.48 | 67.38 | 27.40 | 33.65 | 3.81 | 4.21 |
| Fluidomat | 783 | 385.78 | 5.13 | 19.30 | 40.56 | 23.70 | 31.99 | 6.95 | 13.94 |
| TRF | 351.55 | 385.60 | 5.14 | 15.51 | 22.60 | 0 | 46.45 | 2.76 | 11.56 |
| Harshil Agrotech | 5.36 | 381.20 | 3.29 | 33.95 | 0.16 | 13.57 | 16.45 | 29.49 | 31.75 |
| OBSC Perfection | 154.40 | 377.55 | 3.93 | 30.92 | 4.99 | 50.96 | 31.14 | 3.28 | 19.15 |
Emkay Tools Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales | 50.68 | 56.28 | 70.81 | 88.62 | 103.45 |
| Total Expenditure | 30.53 | 37.16 | 40.64 | 51.05 | 59.54 |
| Operating Profit | 20.14 | 19.12 | 30.16 | 37.56 | 43.92 |
| Other Income | 1.67 | 13.37 | 17.31 | 22.34 | 49.04 |
| Interest | 0.11 | 0.07 | 0.15 | 0.17 | 0.27 |
| Depreciation | 2.99 | 3.37 | 3.33 | 3.11 | 2.61 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 18.71 | 29.05 | 44 | 56.62 | 90.08 |
| Tax | 4.51 | 5.22 | 8.74 | 12.49 | 18.18 |
| Net Profit | 14.20 | 23.83 | 35.26 | 44.13 | 71.90 |
| Adjusted EPS (Rs.) | 13.31 | 22.33 | 33.04 | 41.35 | 67.38 |
Emkay Tools Balance Sheet (All Figures are in Crores.)
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Equity and Liabilities | |||||
| Share Capital | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 |
| Total Reserves | 111.09 | 135.08 | 170.34 | 215.25 | 288.24 |
| Borrowings | 0 | 0 | 0.63 | 0.13 | 0 |
| Other N/C liabilities | 1.10 | 0.87 | 0.91 | 0.87 | 0.59 |
| Current liabilities | 13.45 | 12.18 | 20.90 | 29.92 | 37.95 |
| Total Liabilities | 136.31 | 158.81 | 203.45 | 256.84 | 337.44 |
| Assets | |||||
| Net Block | 20.95 | 19.06 | 19.03 | 16.45 | 13.85 |
| Capital WIP | 0.08 | 0.08 | 0 | 0 | 0 |
| Intangible WIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 78.36 | 98.65 | 144.10 | 187.47 | 254.75 |
| Loans & Advances | 0.14 | 0.14 | 0.14 | 0.25 | 0.32 |
| Other N/C Assets | 0 | 0 | 0 | 0 | 0 |
| Current Assets | 36.79 | 40.88 | 40.18 | 52.68 | 68.52 |
| Total Assets | 136.31 | 158.81 | 203.45 | 256.84 | 337.44 |
Emkay Tools Cash Flows (All Figures are in Crores.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |||
|---|---|---|---|---|---|---|---|---|
| Profit from operations | 18.71 | 29.05 | 44 | 56.62 | 90.08 | |||
| Adjustment | 1.60 | -5.95 | -10.39 | -13.03 | -41.57 | |||
| Changes in Assets & Liabilities | 2.93 | -2.15 | 6.38 | -5.53 | -4.48 | |||
| Tax Paid | -5.31 | -5.70 | -7.85 | -12.62 | -19.13 | |||
| Operating Cash Flow | 17.93 | 15.25 | 32.14 | 25.44 | 24.90 | |||
| Investing Cash Flow | -17.25 | -12.41 | -34.85 | -27.71 | -22.97 | |||
| Financing Cash Flow | -0.72 | -3.40 | 3.15 | 2.32 | 0.53 | |||
| Net Cash Flow | -0.04 | -0.57 | 0.44 | 0.05 | 2.46 |
Emkay Tools Corporate Actions (Dividend)
| EX DATE | RECORD DATE | DIVIDEND% | AmountRs. | TYPE |
|---|---|---|---|---|
| 19 Mar 2020 | 20 Mar 2020 | 4 | 0.4 | Interim |
| 13 Aug 2019 | 16 Aug 2019 | 5 | 0.5 | Final |
| 05 Sep 2018 | 07 Sep 2018 | 30 | 3 | Final |
| 01 Aug 2017 | 03 Aug 2017 | 20 | 2 | Final |
Corporate Actions (Bonus)
| EX DATE | RATIO | RECORD DATE |
|---|---|---|
| 24 Sep 2018 | 5:1 | 25 Sep 2018 |
Emkay Tools Shareholding Pattern
| Summary | Sep 2024 | Mar 2024 | Sep 2023 | Mar 2023 | Sep 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
| Promoter | 75.0% | 75.0% | 75.0% | 75.0% | 75.0% | 75.0% |
| FII | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% | 17.8% | 0% |
| Public | 25.0% | 25% | 25.0% | 25% | 25.0% | 25.0% |
“The financial figures mentioned in this analysis are derived from Ticker by Finology for accuracy and reliability.”
Growth Drivers for Emkay Tools Share Price Target 2030
Multiple essential growth drivers influence the long-term prospects of Emkay Taps & Cutting Tools Ltd, affecting its share price target for the year 2030.
Expanding International Market Reach
Emkay Taps & Cutting Tools Ltd is concentrating on broadening its presence in international markets. With a robust footprint in various countries throughout Asia, Europe, and the Americas, the company is well-positioned to take advantage of global demand.
Innovations in Technology
The implementation of sophisticated manufacturing methods and automation has improved production efficiency. Emkay’s commitment to research and development positions it as a leader in cutting tool technology, drawing in additional clients and increasing revenue.
Increasing Demand in Essential Sectors
The organization is capitalizing on the growing need for precision cutting tools within sectors such as automotive and aerospace. As automation and precision engineering continue to advance, the requirement for top-tier cutting tools is anticipated to rise significantly.
Strategic Alliances and Collaborations
Emkay Taps & Cutting Tools Ltd has been establishing partnerships with significant industry stakeholders, which has facilitated entry into new markets and improved its range of products.
Economic Stability and Revenue Expansion
Sustained revenue growth and profitability are essential factors contributing to the stock’s upward movement. The company has consistently demonstrated revenue increases, indicating its robust position in the market.
Analysis of the Current Share Price
To forecast the share price target for 2030, it is crucial to analyze the current performance of the company’s stock. Recent data indicates that Emkay Taps & Cutting Tools Ltd has maintained a stable share price, reflecting positive trends driven by a growing demand in the precision tools industry.
Elements affecting the present stock price:
- Expansion within the automotive and aerospace sectors.
- Enhancing revenue from exports.
- Robust financial results and profitability.
- Increasing production capacity.
Risk Factors to Consider
Although Emkay Taps & Cutting Tools Ltd exhibits significant growth potential, investors must remain cognizant of potential risks that may affect its stock price.
- Economic Slowdowns: A decline in the global economy may lead to a decrease in the demand for precision cutting tools.
- Industry Competition: The market for cutting tools is intensely competitive, with significant international companies challenging Emkay’s share in the industry.
- Raw Material Costs: Variations in the prices of raw materials can affect the company’s profitability.
- Regulatory Challenges: Alterations in trade policies or regulations may impact exports and business activities.
Conclusion
Emkay Taps & Cutting Tools Ltd is strategically poised for sustained growth, fueled by robust industry demand, technological innovations, and a solid financial foundation. Although the stock carries risks related to economic variability and competitive pressures, its growth potential renders it a compelling investment opportunity for the future. Projections for the share price by 2030 suggest a range between ₹3,200 and ₹3,500, contingent upon market dynamics and the company’s performance. Investors are advised to keep a close watch on industry trends and company updates to make well-informed investment choices regarding Emkay Taps & Cutting Tools Ltd.
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