Are you searching for the upcoming share price analysis of The Visa Steel Ltd? you are so lucky to visit in my blog post, in this article consider more about this share as well as you will be satisfied with this article. It is a good habit to know before investing in any share.
So, primarily l am going to talk about research. During a time of researching the visa steel with the help of technical analysis I noticed it after listing the company in the national stock market we have to see some time a heavy bullish in the price chart and after that, it has getting breakdown all the low and high due to the poor cash management, sales growth, and many more aspects, that is mentioned ahead.
Here, I am going to tell about Visa Steel Ltd, its products & services, and developments, as well as basic information about it.
About Visa Steel Ltd
Visa Steel Limited is a good company of Mineral and Metals company. It’s main headquarter is in the Kalingnagar manufacturing complex situated in Odisha, Jaipur, India with a capacity of 1.5 million tons united particular and stainless steel production plant. The company’s corporate office is in Kolkata. It was listed on the national stock market on the date 2006 with an attractive share price of Rs.57.
The company is a stabling gamester in the Indian special steel. It has take-up a 150,000 TPA Ferro plant at Kalingnagar in Odisha. The company’s vision is to create long-term shareholder value through the main value of natural resources. The company identifies and estimates the risks of product miss-matched of the defined financial statement.
The goal of the Company, Visa Steel Ltd always believes in inspiration on young minds and securing the future of energetic India, and also we are trying to introduce scholarship chances for brilliant and needy students to collaborate for the highest schooling. The company is also focused on schooling the girl child and those people who have survived in a village area.
Visa Steel Ltd Basic Fundamental Details
According to the shareholding pattern, in the present movement the company Promoters ratio is 38.33%, this is a good metric for this type of penny stock company. The company has indicated that the company has disclosed connected party transactions for the semi-quarter year of the last 31st March 2021 in the detailed outlay.
When we go through the technical analysis of the real price chart so we have got a future target of visa steel ltd, and I have also thought that this is the price like a penny stock, so let’s look at the price chart.
|Year||Target Of Visa Steel|
In this part, we are going to predict the Visa Steel Ltd Share Price Target/Prediction 2022, 2023, 2024, 2025, And 2030 on the basis of all over Merits and Demerits of Visa Steel Ltd. In the financial year of the company June 2020, the net sales of Visa Steel were Rs.65.55 crore, because in this session the company has less manpower to produce their equipment.
The industry overview is that the company’s product ferrochrome is varying in proportion to the manufacture of various types of stainless steel. The global stainless steel manufacture was at least 52.22 million tonnes in the year 2019, across India’s the company produce their product stable at approx Rs.3.92 million tonnes. The Other product carbon ferrochrome stable at approx Rs.14.73 million to distribute all over the market.
In the year December 2021, net sales of Visa steel were Rs.184.19 crore, cause the company has given a good revenue growth by the more production of their accessories and more selling product. In its ferrochrome production, he gives the materials first to China, Japan, and Taiwan. In the country of China, the company exports its products around 60%. So, that’s why in the year 2022, the sooner share price of Visa Steel may be approx Rs.22. The company has a pure return on assets of -17.42% days and the chance is positive to grow their sales growth, the base of this secondary share price target in the same year shall be Rs.35.
In this section, I am going to forecast the share price target for the year 2023 on the basis of Company Essentials. The Market Cap of Visa Steel Ltd is Rs.160.95 crore which is so minimum market cap, cause Visa Steel Ltd has shown a negative profit growth of -242.09% in the back 3 years. After that further is the enterprise value of the company which is Rs.1,500.32 crore, which is good for this type of penny stock company.
The next point is no. of shares for this company which is Rs.11.58 crore, the same as the visa steel price to earnings ratio which is Rs.0, and then another needy point is P/B which is 0, Face value is Rs.10, DIV. YIELD 0%, Book Value is Rs.-26.67, Total Cash of the company is Rs.10,16 crore, company debt is Rs.1,349.54 crore. According to the company essentials, the first share price target in the year can be approx Rs.43, and the second share price target would be Rs.51.
On the basis of the Price Summary of Visa Steel Ltd. In the price summary, we will know about the company’s price performance. So, today’s high price of the company is Rs.16, due to the company was less EBITDA margin of -5.33% over the previous 5 years and it has a negative book value. If we want to know about the promoter pledging which is high 100%. That’s why in the year 2024, the primary share shall be Rs.75. In a similar year, the second possible share price target would be Rs.89.
If we talk about the company price chart in a week the company has got an absolute return of around -3.2% because, in the year 2021, the company has invested their assets of around Rs.4.29 crore. In another monthly period, Visa Steel has got an absolute return of approx 18.2%. In the 6 months, the company has made an absolute return of around 39.9%. Guy’s you are thinking the share is penny stock but its promotor pledging is too strong and it will perform as soon.
According to the Peers Comparison, I am going to compare the primary company is Visa Steel Ltd. The first thing is that at present the company is trending at the share price of Rs.14.75 and the most important needy topic of the company market cap which is Rs.160.95 crore, which is the average market cap for this company. Further is the P/B which Visa Steel has to maintain 0. The company price-to-earnings ratio is Rs.0.
The EPS of Visa Steel is -3.84 which is indicating a negative sign due to it having shown a less profit growth of -242.09% during the previous 3 years. It happened unfortunately due to the corona pandemic the company sales have to come down. The next point is the ROE% which is Rs.0. same as Visa Steel Ltd ROCE% is -21.81. It’s all about the first possible share price target for the year 2025 is Rs.112. In the same year, the second share price target would be Rs.134.
Now, we are going to know about another comparable company which is Mideast Integrated. The company share price is trending at Rs.9.58, and the Market Cap of the company is Rs.132.08 crore, the same as the next is P/B ratio of Visa Steel which is 0. Both data are giving the result that Mideast integrated is not better than Visa Steel Ltd. But according to the price chart which is indicating a positive sign to develop its performance.
So, buddy now we are going to tell you some Price-To-Earnings ratios for the shares of the company. which helps you to know more about the Company Shares and the data which we get from the ticker. finology.in I find any missing data regarding one of the Indian companies which are Visa Steel so, we will not go to be responsible for it.
The PE ratio of Visa Steel Ltd is very poor when we compare the company PE ratio which other Company PE ratios in the stainless steel industry in the national stock market. The PE ratio of Visa Steel Ltd is also poor along with the PE ratio of other companies in all sectors of the whole of the Indian Stock Market. The company’s future earnings growth is better to grow faster than the average earnings growth of all Companies in the Indian stock market. On the basis of P/E, the first believable share price of the company in the session 2030, the company can attain Rs.378, and the second share price target may be Rs.462.
In this object, we have done a prediction about the Visa Steel Ltd Share Price Target 2022, 2023, 2024, 2025, And 2030. We tried to include every required in this post that is really essential, Company Performance, Quarterly Report Analysis, and Company sales growth to know before investing in any critical shares. If the article is helpful for you kindly like and share, it with your friends, family, and colleagues and do auspicious comments.
I am a skillful trainer of the share market for the last 7 years. I have better knowledge of technical analysis, fundamental analysis, chart understanding, writing about share market, investing as well as trading which I wanted to spread all over the people.