Ashapuri Gold Share Price Target 2025, 2026, 2027, 2028, 2029, 2030
Ashapuri Gold Ornament Limited, listed on the BSE, is gaining attention in India’s gold and jewelry sector. Known for its premium craftsmanship and innovation, the company focuses on blending traditional designs with contemporary trends. This analysis explores Ashapuri Gold’s business performance, technical and fundamental aspects, and future price targets for upcoming years.
Investors are hopeful about Ashapuri Gold’s growth, thanks to the rising demand for gold jewelry and the company’s growing market presence. In this article, we will share simple and detailed predictions for Ashapuri Gold’s share price targets from 2025 to 2030.
Table of Contents
- 1 Basic Details of Ashapuri Gold
- 2 About Ashapuri Gold Ornament Limited
- 3 Live Chart
- 4 Ashapuri Gold Share Price Target Table 2025 to 2030
- 5 Ashapuri Gold Share Price Target 2024
- 6 Ashapuri Gold Share Price Target 2025
- 7 Ashapuri Gold Share Price Target 2026
- 8 Ashapuri Gold Share Price Target 2027
- 9 Ashapuri Gold Share Price Target 2028
- 10 Ashapuri Gold Share Price Target 2029
- 11 Ashapuri Gold Share Price Target 2030
- 12 Pros
- 13 Cons
- 14 Technical Analysis
- 15 Quarterly Results 2024
- 16 Conclusion
Basic Details of Ashapuri Gold
| Company Name | Ashapuri Gold Ornament Limited |
| Business Sector | Jewelry and Ornaments |
| Stock Symbol | BSE: 542579 |
| NSE Listing Status | Not listed |
| BSE Listing Status | Listed |
| Official Website | ashapurigold.com |
About Ashapuri Gold Ornament Limited
Ashapuri Gold Ornament Limited is a growing player in India’s jewelry market. The company specializes in manufacturing high-quality gold ornaments, catering to retail and wholesale buyers. With its focus on innovative designs, affordable pricing, and customer satisfaction, Ashapuri Gold has earned a strong reputation in the industry.
The company is continuously expanding its retail presence and implementing strategic initiatives to enhance its profitability, making it a preferred choice for investors in the jewelry sector.
Fundamental Data
- 💼 Market Cap: ₹331 Cr.
- 📈 Current Price: ₹9.92
- 📉 High / Low: ₹19.0 / ₹6.64
- 📊 Stock P/E: 29.3
- 📚 Book Value: ₹4.27
- 🚫 Dividend Yield: 0.00%
- 💡 ROCE (Return on Capital Employed): 10.3%
- 🔄 ROE (Return on Equity): 7.62%
- 💵 Face Value: ₹1.00
Live Chart
According to the report on the India Gem and Jewellery Market by 2030, which is expected to grow at a CAGR of 17%, we aim to provide you with share price targets based on these criteria.
| Year | Target Price |
|---|---|
| 2025 | ₹15 |
| 2026 | ₹18 |
| 2027 | ₹20 |
| 2028 | ₹22 |
| 2029 | ₹25 |
| 2030 | ₹35 |
The year 2024 is expected to be a promising one for Ashapuri Gold as it continues to grow its business operations and capture more market share. The company’s focus on quality and innovation, coupled with favorable gold price trends, could drive its stock price higher. For 2024, the share price target is anticipated to range between ₹8 and ₹12.50.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2024 | ₹8 | ₹12.50 |
In 2025, Ashapuri Gold is projected to achieve significant growth due to its expanding product portfolio and increased demand for gold jewelry. The company’s ability to adapt to market trends and maintain strong financials could further enhance its value. The expected price target for 2025 is ₹10 to ₹15.50.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2025 | ₹10 | ₹15.50 |
The company’s efforts to innovate and improve operational efficiency are likely to yield positive results in 2026. As Ashapuri Gold strengthens its position in the jewelry sector, the share price is projected to reach new heights. For 2026, the target range is estimated between ₹12.50 and ₹18.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2026 | ₹12.50 | ₹18 |
By 2027, Ashapuri Gold is expected to solidify its reputation as a leading jewelry manufacturer. The company’s strategic initiatives and growing demand for gold ornaments could drive sustained growth. The share price target for 2027 is projected to range between ₹14 and ₹20.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2027 | ₹14 | ₹20 |
In 2028, Ashapuri Gold may witness further growth as it continues to innovate and adapt to market demands. The company’s focus on operational excellence and customer satisfaction could drive its stock price to new levels. The expected price range for 2028 is ₹15.00 to ₹22.00.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2028 | ₹15 | ₹22 |
Ashapuri Gold’s long-term strategy to expand its retail footprint and maintain strong financial health is expected to yield results in 2029. Investors can anticipate a price range between ₹17 and ₹25 for this year.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2029 | ₹17 | ₹25 |
The year 2030 could mark a significant milestone for Ashapuri Gold as it continues to scale its operations and increase its profitability. By maintaining a strong market presence and leveraging its strengths, the company is expected to achieve a price range of ₹20 to ₹35.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2030 | ₹20 | ₹35 |
Pros
- Almost debt-free.
- Expected to post strong quarterly results.
- Delivered 76.8% profit growth (CAGR) in the last 5 years.
Cons
- Not paying dividends despite consistent profits.
- Low return on equity (4.61% in the last 3 years).
- Debtor days increased from 49 to 65.7.
- Promoter holding dropped by 14.1% in 3 years.
Technical Analysis
- 50-day EMA: ₹6.80
- 200-day EMA: ₹6.80
The stock’s current trading levels above both the 50-day and 200-day moving averages indicate strong bullish momentum. Increasing volumes highlight growing interest among investors, suggesting the potential for further upside.
- Support: ₹7.50
- Resistance: ₹10.00
The stock has broken through key resistance levels, showing strength in its upward trend.
Quarterly Results 2024
| Metric | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 50 | 44 | 87 |
| Operating Profit (₹ Cr.) | 3 | 3 | 5 |
| Net Profit (₹ Cr.) | 3.08 | 2.69 | 3.45 |
| OPM % | 6.55% | 7.62% | 5.72% |
| EPS (₹) | 0.09 | 0.08 | 0.10 |
Conclusion
Ashapuri Gold Ornament Limited shows strong growth potential due to its solid fundamentals and technical strengths. The company’s focus on innovation and expanding its market reach could bring long-term value to shareholders. However, investors should carefully consider market risks and trends before making any decisions.
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