EKC Share Price Target From 2024 to 2030: Everest Kanto Cylinder Limited (EKC) is a tremendous participant inside the manufacturing of excessive-strain cylinders, catering to industries consisting of automobile, aerospace, oil and gas, and healthcare. The corporation’s cylinders are important for storing and transporting compressed gases, together with CNG (Compressed Natural Gas), which has visible growing name for because of the global recognition on clean electricity. This article offers an in depth evaluation of EKC’s inventory performance, financial metrics, and a forecast of its percent rate targets from 2024 to 2030.
Current Share Information for EKC Share Price
- Open Price: ₹203.00
- High Price: ₹211.81
- Low Price: ₹202.55
- Market Capitalization: ₹2.32K Cr
- P/E Ratio: 21.99
- Dividend Yield: 0.34%
- 52-Week High: ₹211.81
- 52-Week Low: ₹108.35
- Current Share Price: ₹206.53
- One-Year Growth: 65.49% (an boom of ₹81.73 during the last 12 months)
Shareholding Pattern For EKC Share Price
- Promoters: 67.39%
- Retail and Others: 31.10%
- Foreign Institutions: 1.43%
- Other Domestic Institutions: 0.08%
EKC Share Price Target from 2024 to 2030
Below is a forecast of EKC Share Price goals from 2024 to 2030 primarily based mostly on different factors, collectively with market demand, the business employer’s boom approach, and the global financial outlook.
| Year | Share Price Target |
| 2024 | ₹253 |
| 2025 | ₹289 |
| 2026 | ₹330 |
| 2027 | ₹378 |
| 2028 | ₹434 |
| 2029 | ₹498 |
| 2030 | ₹570 |
EKC Share Price For 2024: ₹253
By 2024, EKC is expected to preserve its boom momentum, driven with the aid of growing demand for CNG cylinders. With governments global selling smooth electricity options, inclusive of CNG as a opportunity for traditional fossil fuels, the decision for for CNG storage solutions is ready to boom. EKC is well-positioned to capitalize on this style. The projected EKC Share Price goal for 2024 is ₹253.
EKC Share Price For 2025: ₹289
In 2025, EKC is in all likelihood to advantage from each domestic and international growth. As India’s adoption of CNG keeps to upward push, with extra cities embracing CNG as part of their public delivery systems, EKC’s market percentage within the car area is expected to develop. The agency’s export business organization is also likely to look a boost, given the global push for purifier gas alternatives. By the cease of 2025, EKC Share Price is projected to reach ₹289.
EKC Share Price For 2026: ₹330
By 2026, the worldwide marketplace for high-strain gas cylinders is expected to extend further. The business employer’s information in generating light-weight, long lasting, and excessive-capability cylinders will supply it a aggressive benefit, specifically inside the transportation and healthcare sectors. Additionally, improvements in manufacturing era could enhance EKC’s manufacturing performance and profitability, contributing to a projected EKC Share Price of ₹330.
EKC Share Price For 2027: ₹378
In 2027, EKC is predicted to peer robust increase, mainly within the renewable power location. With an growing cognizance on hydrogen as a easy strength alternative, the decision for for excessive-pressure garage solutions for hydrogen gas will probably surge. EKC’s investment in studies and development to cater to the hydrogen power market is expected to undergo fruit via this one year. As a result, the projected EKC Share Price for 2027 is ₹378.
EKC Share Price For 2028: ₹434
By 2028, EKC will in all likelihood enjoy persisted increase because of its management inside the excessive-pressure cylinder production market. The employer’s various product portfolio, which includes cylinders for business, clinical, and car use, will permit it to capture new marketplace possibilities. Furthermore, as extra global places determine to decreasing carbon emissions, the demand for easy energy solutions like CNG and hydrogen will maintain to rise, using EKC’s boom. The EKC Share Price is projected to attain ₹434 through the quit of 2028.
EKC Share Price For 2029: ₹498
In 2029, EKC Share Price is predicted to hit ₹498, reflecting its endured dominance within the enterprise and its strategic growth into new markets. The enterprise’s capability to satisfy the developing call for for high-stress cylinders, coupled with its sturdy relationships with key clients inside the vehicle and power sectors, can be key drivers of increase. Additionally, EKC’s investments in growing its global footprint will in all likelihood make a contribution to its lengthy-time period success.
EKC Share Price For 2030: ₹570
By 2030, EKC Share Price is projected to upward push to ₹570. This boom can be fueled through the ongoing growth of easy power markets, the enterprise’s technological enhancements in cylinder manufacturing, and its strategic partnerships with worldwide corporations. EKC’s capability to provide innovative answers for industries inclusive of aerospace, oil and gasoline, and healthcare will in addition decorate its market feature, making it a key player within the high-pressure cylinder enterprise.
Key Factors Driving EKC Share Price Growth
Several key elements are anticipated to energy EKC’s boom over the subsequent numerous years, which in flip will effect EKC Share price:
1. Rising Demand for CNG and Hydrogen Cylinders
As governments and industries around the area hold to shift in the direction of cleaner strength assets, the call for CNG and hydrogen cylinders is predicted to rise considerably. EKC, with its know-how in production excessive-strain cylinders, is properly-located to satisfy this growing name for.
2. Government Policies and Environmental Regulations
Government policies selling the adoption of clean electricity, every in India and globally, will play a great role in riding demand for EKC’s merchandise. India, as an example, is aggressively increasing its CNG infrastructure, whilst international locations in Europe and North America are investing in hydrogen gasoline infrastructure. These trends will provide EKC with extensive increase opportunities.
3. Expansion in New Markets
EKC’s recognition on increasing into new markets, every domestically and across the world, might be a key driving force of increase. The business corporation’s investment in studies and improvement, coupled with its reputation on innovation, will permit it to seize new business possibilities in industries inclusive of aerospace and healthcare.
4. Technological Advancements
Technological improvements in cylinder production, which incorporates the improvement of lightweight and excessive-capability cylinders, will decorate EKC’s competitive position. The organization’s ability to innovate and improve its product services will permit it to live in advance of the competition and meet the evolving desires of its clients.
5. Strong Financial Performance
EKC’s sturdy economic performance, along with a marketplace capitalization of ₹2.32K Cr and a P/E ratio of 21.99, presentations its capability to generate consistent sales and profitability. This monetary energy will permit the business enterprise to put money into increase tasks, which incorporates growing its production potential and entering new markets.
Potential Risks and Challenges For EKC Share Price
While EKC is nicely-positioned for lengthy-term boom, there are certain risks and demanding situations that might effect its inventory charge:
1. Economic Slowdowns
A international or home economic slowdown must reduce name for immoderate-strain cylinders, in particular in industries which incorporates automobile and aerospace. This should negatively impact EKC’s sales and profitability.
2. Competition
The excessive-strain cylinder production industry is extraordinarily competitive, with every home and worldwide players vying for marketplace proportion. EKC will want to continuously innovate and enhance its merchandise to maintain its competitive part.
3. Regulatory Changes
Changes in environmental regulations or authorities regulations related to the adoption of smooth energy may want to effect the call for EKC’s products. For instance, if governments reduce their cognizance on CNG or hydrogen as clean power alternatives, demand for EKC’s cylinders should lower.
4. Raw Material Costs
The rate of raw materials, which incorporates metallic, performs a huge role in EKC’s manufacturing prices. Any fluctuations in raw material charges need to impact the corporation’s profitability.
Frequently Asked Questions (FAQ) for EKC Share Price
1. What is the modern-day EKC Share Price?
The contemporary EKC share price is ₹206.53.
2. What is the EKC Share Price in 2024?
The EKC Share Price in 2024 is projected to be ₹253.
3. What is the EKC Share Price in 2030?
The EKC Share Price in 2030 is projected to be ₹570.
4. What factors are the usage of EKC’s growth?
Key elements riding EKC’s boom consist of developing demand for CNG and hydrogen cylinders, government pointers promoting clean electricity, enlargement into new markets, technological improvements, and sturdy economic performance.
Five. What are the dangers related to investing in EKC?
Risks related to making an investment in EKC include financial slowdowns, opposition, regulatory changes, and fluctuations in raw cloth charges.
6. What is the shareholding pattern of EKC?
The shareholding pattern of EKC as of 2023 is as follows: Promoters preserve 67.39%, retail and others keep 31.10%, and distant places establishments hold 1.43%.
In end, EKC has strong boom capability over the subsequent numerous years, driven by means of the growing demand for clean power solutions and the agency’s leadership inside the high-pressure cylinder marketplace. With a projected EKC Share Price of ₹570 by means of 2030, EKC represents an attractive funding possibility for lengthy-time period customers. However, shoppers have to stay mindful of the dangers related to financial slowdowns, competition, and regulatory changes.
