Plaza Wires share price target 2030

This article is aimed to discuss Plaza Wires share price target 2030. This will be analyzed through the fundamental lens as well as technical charts. We will also discuss Plaza Wires share price target 2025 and more along with the company and its history.

About Plaza Wires

Before we look at Plaza Wires share price target 2030, let us learn about the company. Plaza Cables Ltd. also known as Plaza Wires was established in the year 2006 and is a major player in the Indian cable & wires industry. It is one of the leading manufacturers in the Wires and Cable industry. It also manufactures and markets products like electric fans, switches, and switchgear, water heaters, PVC insulated tapes, etc.

The manufacturing units of the company are located in Baddi, Himachal Pradesh. the capacity of these units is approximately 12 lakh coils yearly. The company has more than 1200 authorized dealers across India. The company supplies its products across states like Rajasthan, Uttar Pradesh, Delhi, etc.

Readers who wish to learn more about the company may visit the website screener and plazacables.

Fundamental Analysis – Plaza Wires

The table below shows the Profit and loss data of Plaza Cables. The revenues posted by the company in the financial year closing on March 2023 was Rs 182 cr and the net profit earning was Rs 8 cr. This is an increase of 2.82% in revenues and a more than 33% increase in net profits of the company over the last financial year.

	Mar-19	Mar-20	Mar-21	Mar-22	Mar-23
Revenue (in cr)	158	159	145	177	182
Expenses (in cr)	145	148	134	164	167
Operating profit (in cr)	13	11	11	13	16
PBT(in cr)	8	5	6	9	10
Net Profit (in cr)	7	4	4	6	8
Tax	8%	7%	7%	7%	9%

The market cap of the company at the current market share price of Rs 98 is Rs 428 cr and the price-to-equity ratio is 57. The company has delivered a ROCE(Return on Capital Employed) of 16% and an ROE(Return on Equity) of 15% respectively. The major competitors of the company are RR Kabel, Dynamic Cables, Polycab, KEI Industries, Finolex Cables, etc.

Plaza Wires – Technical Analysis

Let us look at the technical price action chart of Plaza Wires on the daily time frame.

The shares of Plaza Wires listed on the Indian exchanges, NSE & BSE, on 12th October 2023 The IPO (Initial Public Offering) offer price was Rs 54 and the shares listed at the price of Rs 80.2, which is a premium of 48.5%. The shares were in trade to trade category after 10 days of the listing. The IPO was subscribed more than 90 times.

Plaza Wires share price reached a high of Rs 173.5 on 1st November 2023 and since then it has been falling as profit booking is there. The price is now consolidating in the range of Rs 96-98. The listing price of Rs 80.2 may act as a support for the stock to form a base for the long term. The data is too raw to derive solid conclusions at present.

Plaza Wires share price target 2025 to 2030

The line chart below shows Plaza Wires share price target 2030, Plaza Wires share price target 2025, Plaza Wires share price target 2028, etc.

Plaza Wires share price target 2030 is expected to reach the level of Rs 310. also, Plaza Wires share price target 2027 may be Rs 220.

Plaza Wires shareholding pattern

Below is the shareholding pattern of Plaza Wires. The promoters of the company hold approximately 70% of the stake in the company and the public holds approximately 11.82% in the company.

FIIs and DIIs hold 8.30% & 8.93% stake in the company respectively. The government currently holds only a 1.13% share in the company.

Conclusion

We are not SEBI-registered analysts. This article is not intended to influence the decisions of the readers and investors. The target price derived is based on our decade-long experience in the share market. The investments in the share market are subject to market risks. Investors are advised to speak to their financial advisors before making any investment decision. The blog is written for educational purposes only. Readers who wish to learn more may visit the following links:

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