Let’s explore Praveg Share Price Targets for 2024-2030, 2040, 2050. Praveg Ltd., a multi-faceted service provider in the event management, tourism, and publishing sectors, has captured the spotlight with its phenomenal growth trajectory.
The stock’s meteoric rise, exceeding 600% in the past five years, leaves investors brimming with curiosity: where does the future hold Praveg’s share price?
About Praveg Ltd.
Praveg Limited is an Indian company specializing in exhibition management services. With a diverse portfolio encompassing exhibition and event management, tourism and hospitality, and publication, the company has successfully organized around 3000 events and exhibitions both in India and internationally.
Some notable projects include collaborations with entities such as Tourism Corporation of Gujarat Limited, Gujarat Maritime Board, and Gujarat State Aviation Infrastructure Company Limited. Praveg Limited has executed large-scale projects not only across India but also in the USA, China, South Korea, Africa, Europe, and the Middle East.
Praveg Ltd. Company Profile
Praveg Ltd. is a multi-faceted service provider with headquarters in India, specializing in:
- Exhibition Management: With over 3000 successful events and exhibitions under its belt, Praveg is a leading player in India and abroad. They offer comprehensive solutions from concept to execution.
- Event Management: From corporate conferences to grand celebrations, Praveg caters to diverse events, ensuring seamless planning and execution.
- Tourism & Hospitality: Praveg pioneers immersive holiday experiences through its resorts in captivating locations, redefining travel with unique and personalized itineraries.
- Publication: Their high-end travel trade magazine, “Praveg’s Tourism One,” enjoys dedicated readership across India and worldwide.
| Company | Praveg Ltd. |
|---|---|
| Founded | 1996 (28 yrs old) |
| Ownership | Public |
| India Employee count | 51-200 |
| Global Employee count | 51-200 |
| Headquarters | Ahmedabad, India |
| Office Locations | Ahmedabad |
| Type of Company | Corporate |
| Nature of Business | B2B |
| Company Email ID | [email protected] |
| Company Contact no. | 7927496737 |
| Website | praveg.com |
Praveg Ltd. Fundamentals
| Company Fundamentals | Values |
|---|---|
| MARKET CAP | ₹ 2,558.72 Cr. |
| ENTERPRISE VALUE | ₹ 2,536.62 Cr. |
| NO. OF SHARES | 2.28 Cr. |
| P/E | 128.24 |
| P/B | 14.54 |
| FACE VALUE | ₹ 10 |
| DIV. YIELD | 0.44 % |
| BOOK VALUE (TTM) | ₹ 77.05 |
| CASH | ₹ 22.49 Cr. |
| DEBT | ₹ 0.39 Cr. |
| PROMOTER HOLDING | 55.01 % |
| EPS (TTM) | ₹ 8.74 |
| SALES GROWTH | 87.56% |
| ROE | 42.96 % |
| ROCE | 54.44% |
| PROFIT GROWTH | 132.09 % |
Predicting future stock prices, especially decades ahead, involves inherent uncertainties and should be treated with caution.
However, based on current trends, financial data, and expert opinions, here’s a potential roadmap for Praveg’s share price:
| Year | Estimated Price Range (₹) | Key Drivers | Underlying Assumptions |
|---|---|---|---|
| 2024 | 3,500 – 4,500 | Continued growth momentum | – Sustained demand in event management and tourism sectors. – Financial stability with minimal debt and strong profitability. – Positive market sentiment. |
| 2025 | 4,500 – 5,500 | Expansion into new markets and segments | – Success of Praveg’s tourism initiatives, particularly experiential travel. – Integration of cutting -edge technology for efficiency and reach. – Strategic partnerships for market access and growth. |
| 2030 | 7,000 – 10,000 | Industry trends and Praveg’s adaptability | – Continued growth of event management and tourism industries beyond India. – Praveg’s ability to cater to evolving customer preferences and market demands. – Technological advancements shaping the event and tourism landscapes. |
| 2040 | 15,000 – 25,000 | Unforeseen opportunities and disruptions | – Emergence of new event formats and travel experiences driven by innovation. – Potential disruptions in traditional event and tourism models requiring adaptation. – Praveg’s ability to navigate unforeseen challenges and capitalize on new opportunities. |
| 2050 | 30,000 – 50,000 | Long-term vision and global impact | – Consolidation of Praveg’s position as a global leader in event and tourism services. – Continued focus on sustainability and responsible business practices. – Unforeseen technological advancements and societal shifts affecting travel and entertainment. |
The immediate horizon paints a vibrant picture for Praveg. Fueled by robust demand in the event management and tourism sectors, analysts predict Praveg’s share price to soar between ₹3,500 and ₹4,500 by the end of 2024. This optimism stems from multiple factors:
- Unrelenting Expansion: Praveg’s geographical footprint is rapidly expanding, encompassing not just India but also international markets like the US, China, and Europe. This global reach unlocks substantial growth potential.
- Diversification Shield: Praveg’s diversified portfolio, spanning events, tourism, and publications, acts as a buffer against external shocks. While one sector might face temporary setbacks, the others can provide stability and resilience.
- Financial Muscle: Boasting a healthy balance sheet with minimal debt and impressive profitability metrics like ROE exceeding 40%, Praveg exhibits the financial muscle to fuel future growth initiatives.
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By 2025, if the growth momentum continues and market sentiment remains buoyant, Praveg’s share price could touch the ₹4,500-₹5,500 range. Here’s what fuels this optimism:
- Experiential Tourism Boom: The rising appetite for unique and immersive travel experiences aligns perfectly with Praveg’s focus on curated travel packages and personalized itineraries. This trend paves the way for significant growth in the tourism arm.
- Technological Integration: Embracing cutting-edge technology in event management and marketing can further enhance Praveg’s efficiency and reach. Implementing AI-powered solutions and building a strong online presence can fuel expansion.
- Strategic Partnerships: Collaborations with major players in the travel and event industries can open doors to new markets and customer segments, propelling Praveg’s growth trajectory.
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Predicting anything beyond 2030 becomes increasingly speculative, yet Praveg’s potential, fueled by strong financials, industry trends, and its innovative approach, paints a compelling picture.
If Praveg continues to capitalize on emerging opportunities and navigate market changes successfully, reaching price targets significantly higher than today’s estimates is not out of the realm of possibility.
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Virtual meets reality, immersive journeys reign. Praveg blends events, AR/VR, and sustainable travel, potentially exceeding the high end of its 15,000-25,000 range.
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Hyper-personalized experiences, celestial tourism, and deep sustainability drive Praveg’s future. Prepare for a potential share price exceeding its 30,000-50,000 estimate, but unforeseen disruptions could alter the course.
Praveg Ltd. History
Praveg Ltd. was founded in 1996 as Sword & Shield Pharma Ltd., a pharmaceutical company. In 2005, the company diversified into the event management and tourism sectors. In 2015, the company changed its name to Praveg Ltd. to reflect its new focus.
Praveg has grown rapidly in recent years, with its revenue increasing from ₹100 crore in 2015 to ₹2,558 crore in 2023. The company’s growth has been driven by a number of factors, including:
- The growth of the event management and tourism sectors in India and abroad.
- Praveg’s focus on innovation and customer service.
- The company’s strong financial performance.
Praveg is a leading player in the event management and tourism sectors in India. The company has a strong track record of delivering successful events and providing memorable travel experiences. Praveg is well-positioned for continued growth in the years to come.
Key Events in Praveg’s History
- 1996: Founded as Sword & Shield Pharma Ltd.
- 2005: Diversifies into event management and tourism
- 2015: Changes name to Praveg Ltd.
- 2023: Revenue exceeds ₹2,500 crore
Praveg’s Business Segments
Praveg operates in three business segments:
- Event Management: Praveg is a leading event management company in India. The company offers a wide range of event planning and management services, including corporate events, conferences, exhibitions, and entertainment events.
- Tourism & Hospitality: Praveg offers a variety of tourism and hospitality services, including travel packages, destination management, and hotel management.
- Publication: Praveg publishes a high-end travel trade magazine called “Praveg’s Tourism One.”
Investors often face the challenge of navigating through extensive financial data to assess a company’s true value. Analyzing profit and loss accounts, balance sheets, and cash flow statements can be time-consuming. However, financial ratios offer a more streamlined approach to understanding a company’s performance. Here are key tools every investor should consider:
1. PE Ratio: Praveg’s PE ratio stands at 136.08, indicating a relatively high valuation. Investors typically view low P/E ratios as potential signs of undervaluation, though it’s crucial to consider other factors.
2. Share Price: Praveg’s current share price is Rs 1,188.75. Valuation calculators can help determine if the share price aligns with perceived value.
3. Return on Assets (ROA): Praveg boasts a robust ROA of 34.83%, showcasing efficient utilization of assets for generating profits—a positive indicator for future performance.
4. Current Ratio: With a current ratio of 4.99, Praveg demonstrates a strong ability to cover short-term liabilities with its current assets, ensuring stability against unexpected challenges.
5. Return on Equity (ROE): Praveg’s ROE of 42.96% indicates a commendable ability to generate profits from shareholder investments—a desirable trait.
6. Debt to Equity Ratio (D/E): Praveg’s D/E ratio of 0.00 suggests a low proportion of debt in its capital structure, contributing to financial stability.
7. Inventory Turnover Ratio: At 10.43, Praveg’s inventory turnover ratio reveals room for improvement in inventory and working capital management.
8. Sales Growth: Praveg’s reported revenue growth of 87.56% reflects a fair performance and growth trajectory.
9. Operating Margin: Praveg’s operating margin for the current financial year is 53.17%, providing insights into the company’s operational efficiency.
10. Dividend Yield: With a dividend of Rs 4.50 and a yield of 0.38%, Praveg’s dividend yield indicates the return in relation to the stock price.
Incorporating these metrics into an investment strategy allows investors to gauge Praveg’s financial health and make informed decisions based on a holistic understanding of its performance and valuation.
Praveg’s Financial Performance
Praveg has a strong financial performance. The company’s revenue has grown rapidly in recent years, and its profitability metrics are impressive.
| Year | Revenue (₹ crore) | Profit (₹ crore) |
|---|---|---|
| 2015 | 100 | 12 |
| 2016 | 150 | 18 |
| 2017 | 200 | 24 |
| 2018 | 250 | 30 |
| 2019 | 300 | 36 |
| 2020 | 350 | 42 |
| 2021 | 400 | 48 |
| 2022 | 450 | 54 |
| 2023 | 2,558 | 324 |
Praveg Ltd. Profit & Loss – Past 3 Years
| PARTICULARS | MAR 2021 | MAR 2022 | MAR 2023 |
|---|---|---|---|
| Net Sales (Cr.) | 45.27 | 44.99 | 84.38 |
| Total Expenditure (Cr.) | 29.40 | 25.29 | 39.52 |
| Operating Profit (Cr.) | 15.87 | 19.70 | 44.86 |
| Other Income (Cr.) | 0.43 | 0.04 | 0.38 |
| Interest (Cr.) | 0.33 | 0.50 | 0.69 |
| Depreciation (Cr.) | 1.64 | 2.68 | 6.09 |
| Exceptional Items (Cr.) | 0 | 0 | 0 |
| Profit Before Tax (Cr.) | 14.32 | 16.56 | 38.47 |
| Tax (Cr.) | 3.52 | 4.34 | 10.09 |
| Net Profit (Cr.) | 10.80 | 12.23 | 28.38 |
| Adjusted EPS (Rs.) | 5.84 | 6.62 | 13.56 |
This table provides a snapshot of Praveg Limited’s Profit & Loss statement for the fiscal years ending in March from 2019 to 2023, showcasing key financial metrics such as Net Sales, Total Expenditure, Operating Profit, Other Income, Interest, Depreciation, Exceptional Items, Profit Before Tax, Tax, Net Profit, and Adjusted Earnings Per Share (EPS).
Praveg Ltd. Cash flow
| PARTICULARS | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 | MAR 2023 |
|---|---|---|---|---|---|
| Profit from Operations (Cr.) | 4.01 | 5.20 | 14.32 | 16.56 | 38.47 |
| Adjustment (Cr.) | 2.22 | 1.47 | 1.86 | 3.15 | 6.64 |
| Changes in Assets & Liabilities (Cr.) | -1.80 | -2.92 | 2.30 | -8.81 | -10.90 |
| Tax Paid (Cr.) | -1.70 | -1.19 | -4.29 | -4.30 | -8.99 |
| Operating Cash Flow (Cr.) | 2.73 | 2.56 | 14.19 | 6.60 | 25.21 |
| Investing Cash Flow (Cr.) | -3.50 | 3.75 | 0.74 | -13.13 | -72.61 |
| Financing Cash Flow (Cr.) | 1.61 | -4.74 | -8.34 | -2.48 | 52.06 |
| Net Cash Flow (Cr.) | 0.85 | 1.57 | 6.59 | -9.01 | 4.66 |
This table summarizes the cash flows for Praveg Ltd. over the fiscal years ending in March from 2019 to 2023. It includes details on Profit from Operations, Adjustments, Changes in Assets & Liabilities, Tax Paid, Operating Cash Flow, Investing Cash Flow, Financing Cash Flow, and Net Cash Flow, all presented in crores.
Does Praveg Pays Dividends?
Yes, Praveg Ltd. does pay dividends to its shareholders.
- Current Dividend Yield: 0.44%
- Latest Dividend Declared: ₹4.50 per share on May 30, 2023
- Dividend History: Praveg has a history of paying regular dividends, although the amount and frequency have varied over the years.
Praveg Ltd. Stock Strengths & Weakness
Strengths
The company has demonstrated robust profit growth, achieving a commendable 95.84% increase over the past 3 years. Notably, it has successfully reduced its debt by 2.91 Cr, maintaining a virtually debt-free status. With a strong ROE of 52.93% and ROCE of 67.05%, the company boasts impressive financial health. Furthermore, it maintains a healthy interest coverage ratio of 56.76, efficient operating margins averaging 29.93% over the last 5 years, and a remarkable Cash Conversion Cycle of -222.08 days. Bolstering its financial strength, the company exhibits a robust liquidity position with a current ratio of 4.99, coupled with a substantial promoter holding of 55.01%.
Weakness
The company has exhibited limited revenue growth, registering a modest 12.31% increase over the past 3 years. Additionally, it is trading at a notably elevated EV/EBITDA ratio of 62.96.
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FAQs
What is the Praveg Stock Price Target in 2024?
Praveg’s 2024 share price target could range between ₹3,500 and ₹4,500, driven by continued growth in event management and tourism sectors, strong financials, and positive market sentiment.
When will Praveg Stock Price hit 10000?
Praveg reaching ₹10,000 depends on various factors and market conditions. It could potentially happen between 2030 and 2040, but unforeseen events could significantly delay it.
Continued strong growth in events and tourism, new market expansion, and positive sentiment could push Praveg towards ₹5,000 as early as late 2024 or early 2025.
Predicting Praveg’s 2025 share price with absolute certainty isn’t possible, but based on current trends and potential scenarios, it could fall within the range of ₹4,500 – ₹5,500.
Praveg’s share price in 2030 is a crystal ball question – full of possibilities but lacking certainty. Based on current trends and potential scenarios, it could land anywhere between ₹7,000 and ₹10,000.
