Welcome another blog post about the Automobile Corporation of Goa Ltd. (ACGL) Share Price Target 2024,2025 till 2030. In this article, we are predicting the Automobile Corporation of Goa Ltd.’s share price based on its historical data, its trends, and its historical financial performances. After reading this article you will get complete details of the ACGL share price future targets.
Automobile Corporation of Goa Ltd. is listed in both BSE and NSE and is engaged manufacturing of sheet metal components, assemblies, and bus coaches. The company was incorporated in 1980 as a joint venture between Tata Motors and the Goa Govt, with headquarters located in Goa, India. Presently Mr. O. V. Ajay is the Executive Director and CEO of the company.
Products of Automobile Corporation of Goa Ltd.
Automobile Corporation of Goa Ltd. Manufactures a variety of pressed metal parts and sub-assemblies that are used in various automobiles.
The company also builds bus bodies for various applications like staff transport buses, luxury buses, city buses, defense buses, airport buses, and school buses.
Fundamentals of Automobile Corporation of Goa Ltd.
| Sector | Auto Ancillary |
| Market Cap | 1344.22 Cr. |
| PE | 38.21 |
| PB | 6.33 |
| Dividend Yield | 0% |
| Book Value | 348.76 Cr. |
| Cash | 30.05 Cr. |
| Debt | 71.83 Cr. |
| EPS | 57.79 |
| ROE | 15.36% |
| ROCE | 15.61% |
| Sales Growth | 79.65% |
| Profit Growth | 709.15% |
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Fundamental Analysis of Automobile Corporation of Goa Ltd.
Fundamental analysis gives the details of the company’s financial health which can help the investors to make investment decisions so here we are using major ratios of Automobile Corporation of Goa Ltd. to better understand.
The profit growth of ACGL increased by around 138.54% for the quarter ending December 2023 compared to the same period in the previous year. And around 40.89% over the past 3 years.
ACGL has a healthy Interest coverage ratio of 450.39, which indicates a strong ability to meet debt obligations.
ACGL has a low PEG ratio of 0.05, which suggests the stock might be undervalued relative to its earnings growth.
The company has an efficient Cash Conversion Cycle (33.68 days) indicates quick conversion of inventory into cash.
The current Ratio of the company is 2.06 suggests enough current assets to cover current liabilities.
The company has a strong operating leverage ratio of 5.51
Share Holding Pattern of Automobile Corporation of Goa Ltd.
| Promoters Holding | 49.77% |
| FII Holding | 0% |
| DII Holding | 0.01% |
| Public Holding | 50.21% |
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The promoter’s holding in the company is 49.77%, which indicates control of the company by the promoters.
FII and DII holdings in the company are 0% and 0.01% which indicates that the company is not able to attract smart investors.
Public holding in the company is 50.21% indicating that more liquidity in the market.
Share Price Targets of Automobile Corporation of Goa Ltd.
| Year | Minimum | Maximum |
| 2024 | 1841 | 2429 |
| 2025 | 2379 | 2779 |
| 2026 | 2742 | 3130 |
| 2027 | 2974 | 3489 |
| 2028 | 3380 | 3857 |
| 2029 | 3802 | 4216 |
| 2030 | 4176 | 4611 |
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Automobile Corporation of Goa Ltd. Share Price Target 2024
Recently Automobile Corporation of Goa Ltd. Breaks its all-time high of 1670 (1st Jan 2018) this month and closed above this level so indicating the stock will continue its rally we are projecting Automobile Corporation of Goa Ltd. Share Price Target for 2024 will be a minimum of 1841 and maximum of 2429.
| Year | Minimum | Maximum |
| 2024 | 1841 | 2429 |
Automobile Corporation of Goa Ltd. Share Price Target 2025
In the volatile market Automobile Corporation of GoaLtd. is doing well as compared to its peer competitors. As per the technical analysis, the will continue its trend so as per our analysis Automobile Corporation of Goa Ltd.’s share target for 2025 will be a minimum of 2379 and a maximum of 2779.
| Year | Minimum | Maximum |
| 2025 | 2379 | 2779 |
Automobile Corporation of Goa Ltd. Share Price Target 2026
Increasing demand for transportation will boost the performance of the company in the future so we are projecting Automobile Corporation of Goa Ltd. Share Price Target for 2026 will be a minimum of 2742 and a maximum of 3130.
| Year | Minimum | Maximum |
| 2026 | 2742 | 3130 |
Automobile Corporation of Goa Ltd. Share Price Target 2027
Automobile Corporation of Goa Ltd. is improving finances, experienced management, and a huge opportunity for growth in recent times. So based on its historical data we are projecting Automobile Corporation of Goa Ltd.’s Share Price Target for 2027 will be a minimum of 2974 and a maximum of 3489.
| Year | Minimum | Maximum |
| 2027 | 2974 | 3489 |
Automobile Corporation of Goa Ltd. Share Price Target 2028
The company is planning to introduce a monocoque bus project, if the project is implemented then Automobile Corporation of Goa Ltd. Be the leader in its sector, so we are projecting Automobile Corporation of Goa Ltd. Share Price Target for 2028 will be a minimum of 3380 and maximum of 3857.
| Year | Minimum | Maximum |
| 2028 | 3380 | 3857 |
Automobile Corporation of Goa Ltd. Share Price Target 2029
If the micro and macroeconomic factors in a fever of the industry trend support, we might see the Automobile Corporation of Goa Ltd. Share Price Target for 2029 will be a minimum of 3802 and a maximum of 4216.
| Year | Minimum | Maximum |
| 2029 | 3802 | 4216 |
Automobile Corporation of Goa Ltd. Share Price Target 2030
The growing demand for automobile components is an opportunity for the company so we are projecting Automobile Corporation of Goa Ltd. Share Price Target for 2030 will be a minimum of 4176 and a maximum of 4611.
| Year | Minimum | Maximum |
| 2030 | 4176 | 4611 |
Conclusion:
Automobile Corporation of Goa Ltd.’s target is based on its historical price action, past financial performances, market trends, and growing demand for automobile components. So these targets are for reference purposes. There is no buy-sale recommendation.
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