In today’s article we will tell you about Alok Industry Company and the business model of the company. Along with this, we will provide you every information related to the company. How is the company’s performance in the share market? And how much return is the company giving to its investors? Let us know about Alok Industries Share Price target 2023 2024 2025 2026 2030 2040 and its position in future.
Alok Industries Share Price Target 2023?
Alok Company was founded by Mr. Surendra Jeevrajka in 1986. The head quarter of this company is located in Mumbai Maharashtra. This company is a well-known textile company of India, which mainly deals in manufacturing of cotton and polyester clothes. It is a large capital company. The market value of this company is Rs 7596 thousand crores.
Alok Industry is one of the best quality textile companies in India. The brand value of this company is quite good. The textile market has been showing good growth continuously for the last few years, due to which the company has given good returns to its investors for the last many years. Going forward the share price of this company will be as follows.
Alok Industries Share Price Target 2024?
Currently the company is trying to expand its business. The company has given good returns to its investors in the last few years, but if we look at the data of the last 2 years, the share price of the company has declined.
Recently a decline of 0.96% has been seen in the share price of the company. Due to the fall in the stock market, the book value of the company has also deteriorated significantly. Currently the book value of the company is – 37.07 and the earning per share (EPS) ratio of the company is -1.96%. The company is taking the help of Reliance Industry to expand its business, so that the demand for the company’s products can increase further.
Alok Industries Share Price Target 2025?
Apart from India, this company also exports clothes to countries like America and Europe. These countries account for 26% of the company’s total revenue. If we talk about the financial records of the company, then in the last 2 years i.e., in 2020, the profit of the company was Rs 1211 crore and in March 2021, the profit of the company was Rs 5673 crore.
Looking at this, it becomes clear that the company earned profit in one year and also incurred loss in the next year. Due to which the P/E ratio of the company has become 0 and P/B ratio has become 0. At present the government is also supporting the textile industry. The company is also strengthening the fundamentals of its business, which increases the chances of further growth.
Alok Industries Share Price Target 2026?
If we look at the business model of the company, this company has mastered the textile business. Still this company seems to be sinking. The company was generating good revenue but was not making good profits, one of the reasons for which was debt. Earlier the company had a lot of debt but now all the debt has been eliminated.
Due to which now the chances of growth of the company have increased even more. Apart from this, the company has taken help from Reliance Company to further improve its business. Due to poor profits in the last few years, the company’s return on equity ratio (ROE) has become 0. The company’s share price will be like this in future.
Alok Industries Share Price Target 2030?
The company has taken the help of Reliance Company to expand its textile business. A good infrastructure is being provided to the company by Reliance Company. Alok Industry Company will now supply clothes in large quantities to countries like America and Europe.
Well, looking at the records of the last 5 years of the company, it becomes clear that the company has given benefits to its investors. The company has given returns of 70.20% to its investors in the last 5 years. Perhaps due to this the net profit of the company has decreased. One thing that is good for the company is that foreign investors have 2.20% stake in the company.
Alok Industries Share Price Target 2040?
In the year 2022, the revenue of the company was Rs 7306 crore, but the net profit of the company is -208.60. The revenue of the company is quite good, but the net profit of the company is quite negative. Along with its textile business, the company is also promoting retail and real estate business.
After joining a company like Reliance, people’s trust in the company is increasing even more. Apart from this, the brand value of the company is already good in the market. Due to which the company will perform better in the coming few years.
Read: – NHPC Share Target 2023 to 2040
Alok Industries Future?
At present the company is making a lot of efforts to expand itself. The company is performing best in the textile business, but due to the company’s debt, the company’s profit was decreasing. But now the debt of the company has also been cleared and the company has started expanding its business by associating with a company like Reliance. This company will definitely grow well in future.
Alok Industries Strength?
The company is debt free.
The company is giving good returns to its investors.
Alok Industries Weakness?
The company’s Return on Equity ROE is 0.
The net profit of the company is -208.60.
The book value of the company is –38.0%
The company’s P/B ratio and P/E are 0.
The EPS of the company is – 1.90, which is very bad.
Our opinion would be that if you are thinking of investing in this company, then wait for some time. The company is currently trying to improve its business segment. Apart from this, the company is also changing its infrastructure. If you wait for some time and invest in it, it can prove beneficial for you.
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(Q) What does the Alok Industries do?
Ans. This company is a well-known textile company of India, which mainly deals in manufacturing of cotton and polyester clothes.
(Q) Alok Industries where is located?
Ans. Mumbai, India
(Q)When was the company established?