Praveg Share Price Target 2024, 2025, 2030, 2040, 2050: A Complete Stock Price Guide

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? Buckle up, as we embark on a journey through time, unraveling potential targets and navigating the exciting, uncharted territories of 2050. Explore Praveg Share Price Target 2024, 2025, 2030, 2040, 2050, and gain insights into the factors shaping the company’s stock performance.

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 %

Praveg Share Price Target 2024, 2025, 2030, 2040, 2050

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.

Praveg Share Price Target 2024

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.

Also Read: Amazon stock forecast 2023, 2024, 2025, 2030, 2040, 2050

Praveg Share Price Target 2025

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.

Also Read: Polycab Share Price Target 2024, 2025, 2030, 2040, 2050: A Comprehensive Analysis

Praveg Share Price Target 2030

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.

Praveg Share Price Target 2040

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.

Also Read: SBI Share Price Target 2024 to 2050

Praveg Share Price Target 2050

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.

Also Read: Upcoming IPOs in India 2024: Here’s the List

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.”

Praveg Share Analysis – Is praveg best stock to invest in?

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.

Recommended Articles:

• Bajaj Auto Share Price Target 2024, 2025, 2030, 2040, 2050: A Comprehensive Analyst Report
• Adani Power Share Price Target 2024, 2025, 2030, 2040, 2050: A Strategic Guide
• Infosys Share Price Target 2023, 2024, 2025, 2030, 2040, 2050

Disclaimer: This post is for educational purposes only, not financial advice. Remember to do your own research. Past performance doesn't guarantee future results. Investing always involves risk, so it's wise to consult a financial advisor for personalized guidance.

FAQs