Saksoft Ltd Share Price Target 2023, 2024, 2025, 2026, 2030: The scope and application of technology is increasing day by day. From education to food, everywhere with the help of technology, things have started getting better and easier.
In such a situation, we should be thankful to technology, due to which we are able to enjoy such an easy life today.
Technology is not an evergreen sector when it comes to investment, yet we see a lot of potential in it.
Today every small and big thing is dependent on technology, whether it is mobile phone or classroom, from bus to office, somewhere we have become completely dependent on technology and why not?
Let’s talk today about a company related to such technology and know how the current situation of the company is and how the performance of the stock is going to be in the coming times.
Saksoft Ltd Company Info
Saksoft Ltd was established in 1999 in Chennai, Tamil Nadu. The company provides a wide range of services in the field of IT.
The company is present in many countries including India, Europe, United States and Asia Pacific. The company’s business verticals include logistics, transportation, fin-tech, health-care, retail and e-commerce, telecommunication, public sector, etc.
It provides services such as applications, cloud, analytics, core data, quality and testing to companies and the public sector.
Looking at the shareholding pattern of the company, promoters hold 68.12%, retail investors hold 27.85%, foreign institutions hold 3.71% and domestic institutions hold 0.32%.
Saksoft Ltd Current Share Price
Shares of Saksoft Ltd are currently trading around ₹140. The stock is seen showing a steady rise on the chart. The stock was trading at its highest price of ₹147 and its lowest of ₹68 in the last one year. The stock has given a return of 34% in one year and 503% in five years.
Saksoft Ltd Share Analysis
The total market cap of the company is ₹1483 Crore. The stock is currently trading at a P/E of 21, while the industry P/E is trading at 27.
The debt of the company is almost negligible, with a debt to equity ratio of 0.01. Against debt, the company’s interest coverage is 29.95, so there is no debt issue.
ROE is 21.90%, EPS is 6.54 and Dividend is 0.46%. ROE is fine but EPS and dividend seem a little less, they need further improvement in the coming times.
The company’s revenue and profit have been increasing quarter by quarter and year by year. Revenue grew by 25% to ₹480 crore and profit grew by 39% to ₹63 crore.
The net profit margin has also increased by 13.17%, while the expenses have also increased. While we have seen a growth of 4.85% in the income from short term investments, the company has also shown a growth of 26.38% in the assets.
Saksoft Ltd share price target 2023
The company is continuously increasing its revenue. In 2022, the company’s revenue has increased by 25%, while the net profit also increased by 39%.
We expect to see even more growth in revenue and profit in the times to come. The stock has also been able to generate 467% returns in the last 3 years.
If we look at the ROE of the stock, it is looking better than its competitors.
The first target of the stock is expected to go up to ₹170 in 2023, while the second target can go up to ₹184.
| First Target 2023 | 170 |
| Second Target 2023 | 184 |
Saksoft Ltd Share Price Target 2024
The promoters of the company have a significant holding position. If we talk about pledge, then the shares of the company have not been kept on pledge.
The financials of the company are looking much better, the same company is operating and utilizing its assets in a better way, we get to know this by looking at the ROCE of the stock.
The company is making profits year after year, so the company is expected to perform in the same way in the coming time as well.
In 2024, the first target of the stock can go up to ₹203, while the second target can be seen around ₹235.
| First Target 2024 | 203 |
| Second Target 2024 | 235 |
Saksoft Ltd Share Price Target 2025
The company is almost debt free, so it does not have much impact on the performance of the company. The company has been able to invest and utilize its free cash well.
Company P/E is also at a better position. The cash-conversion period of the company is also very short. The company’s PEG ratio is also less than 1, at 0.55 and we can consider it almost fair-valuation.
The first target of the stock is likely to be ₹255 in 2025, while the second target can be seen around ₹295.
| First Target 2025 | 255 |
| Second Target 2025 | 295 |
Saksoft Ltd share price target 2030
In the coming time, we are going to see a lot of growth in the IT sector. Dependence on technology will be helpful in giving a boost to the sector.
The company has a very experienced management team as well as cash-management experience.
The first target of the stock is expected to be ₹780 in 2030 and the second target can go up to ₹820.
| First Target 2030 | 780 |
| Second Target 2030 | 820 |
Saksoft Ltd Share Price Target 2023-2030
| Year | First Target | Second Target |
|---|---|---|
| 2023 | 170 | 184 |
| 2024 | 203 | 235 |
| 2025 | 255 | 295 |
| 2026 | 312 | 343 |
| 2027 | 365 | 415 |
| 2028 | 465 | 517 |
| 2029 | 620 | 680 |
| 2030 | 780 | 820 |
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Conclusion
IT sector is the future of tomorrow, there is no doubt about it. A great IT sector stock can give you many times more profit in the next few years than any other investment.
Talking about Saksoft Ltd, the company’s fundamentals and charts are also looking very strong, yet the company seems a bit over-valued in terms of valuation.
That’s why before taking any decision, take the advice of your broker along with keeping the stock under observation for a few days.
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