On Monday 09 September 2024, Gala Precision Engineering Ltd stock was listed at Rs. 721.10. The price for the IPO was set to Rs. 503 to Rs. 529. It means the stock is listed at a 36% premium and currently trading at Rs. 757.15. If the IPO is allotted to you, Gala Precision Engineering’s share price target for 2024, 2025, and 2026 can you help to understand the company and its businesses.
In case, the IPO is not allotted to you then you can invest in the stock by analyzing the company using technical and fundamental analysis. As per available data like profit & loss, customers, demand, etc., it looks like it is a good company.
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About Gala Precision Engineering Ltd
Gala Precision Engineering Ltd is an Indian company and it was established in 1992. The company is involved in the manufacturing of precision components and has manufacturing facilities all over India but the exact number of facilities is private.
The company operates in various countries like Italy, the Czech, Republic, Germany, Turkey, and more. Currently Gala Precision Engineering Ltd company exports its products to more than 25+ countries, has 175+ active customers globally, and ~40% revenue from exports (FY-2023).
Gala Precision Engineering Ltd manufactures various products. The company divided its products into two categories-
1. Spring Technology
In the spring technology category, they have products like Disc Springs, Strip, Coil, Spiral Springs, and more.
2. Fastening Solutions
In the fastening solutions, they have High Tensile Fasteners, Gallock – Wedge Lock Washers, Cross Bolts, Nuts, Anchor Bolts, Grip Lock Washers, and more.
Gala Precision Engineering products are used in various industries like Renewable Energy (Wind and Hydro), Industrial (Agriculture Equipment, Construction & Mining Equipment, Electrical & Automatic, Fastener Distribution, General, and Infrastructure), and Mobility (Railways and Automotive).
Gala Precision Engineering Ltd’s Scrip Info
| NSE | GALAPREC |
| BSE | 544244 |
| INSI | INE0RE001014 |
| SECTOR | CASTING, FORGINGS, & FASTNERS |
Company Analysis
Below you’ll find Gala Precision Engineering Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Mar 2023 | ₹ |
| Jun 2023 | ₹ |
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | NA |
| Mar 2021 | ₹2 |
| Mar 2022 | ₹7 |
| Mar 2023 | ₹24 |
| Mar 2024 | ₹22.08 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹ | ROE | |
| P/E Ratio (TTM) | EPS (TTM) | ||
| P/B Ratio | Div. Yield | ||
| Industry PE | Book Value | ||
| Debt to Equity | Face Value |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | ||||
| DIIs | ||||
| Public | ||||
| Promoters | ||||
| Other Holders |
Key Insights
- The company is making a profit consistently annually.
- Over the year, the revenue of the company increased.
- Gala Precision Engineering Ltd is a profitable company.
Gala Precision Engineering Share Price Target
Gala Precision Engineering Ltd just listed on the stock market on 09 September 2024 and enough data is not available for investing in the long term. But for the last 4 years, the company has consistently made profits and the profits have also improved over the years. It shows that the company is highly profitable. It’s a good sign for the Gala Precision share price target for 2024, 2025, 2026, etc.
If you want to invest in the precision engineering industry, you can also analyze other companies like Bharat Gears Ltd, Kirloskar Industries Ltd, Sundram Fasteners Ltd, and more.
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Gala Precision Engineering Share Price Target 2024
Gala is a profitable company in the fasteners industry and also a company making profits for years. The good thing is that over the years, the company’s revenue of the company is increasing, which suggests the company’s increasing sales. Due to this, the stock is bullish for the medium term to long term.
Currently, the stock is trading at Rs. 708.35 and its 52-week high is Rs. 774 i.e. the stock is approx down by 8% to 9% from its 52-week high. The stock can be very bullish if it again crosses its 52-week high i.e. Rs. 774.
It is because the selling in the stock was profit booking and if it crosses again its 52-week high then it shows the strength of buyers. So, as of 13 September 2024, you should wait for this if you want any short-term trade.
Gala Precision Engineering Share Price Target 2025 and 2026
Gala Precision Engineering Ltd has been profitable for years. In the industry, the company has many competitors like Harsha Engineers International Ltd, SKF India Ltd, Sundram Fasteners Ltd, Rolex Rings Ltd, Sterling Tools Ltd, and many more. Some of the competitors are highly profitable.
But Gala Precision Engineering is one of the top players in manufacturing Disc and Strip Springs, Coil and Spiral Springs, Bolts, Studs, Nuts, and more. In the industry, the demand for these products is also high and will increase over time.
We are also bullish on the Gapa Precision Engineering share price target for 2025 and 2026 as the company is profitable and its earnings are rising. You can plan to invest in the stock after analysis of the company, industry, and its competitors. Because you should not avoid giant companies in the sector.
FAQs
Yes, Gala Precision Engineering Ltd is a profitable company and it is continually generating profits from the last 4 years in a raw. The good thing is that the annual company profits are increasing rapidly.
Not only this, but other many competitors of the company are also profitable. So, you should analyze all the companies of the sector/industry to get good returns in the long-term investing.
Gala Precision Engineering is currently bullish as per technical analysis and also there is no problem with its financials. In the short term, the stock is bullish can its price may go near Rs. 820 to Rs. 850 in the next few weeks.
If you are planning for any trade make sure to put a strict stoploss because recently listed IPO price movements are very high. So, there is also a chance of a huge loss. Using a stop-loss and good risk management you can limit your loss smoothly.
Gala Precision Engineering Ltd company is engaged in the manufacturing of various products like Disc, Strip Springs, Coil and Spiral Springs, fastening solutions, nut bolts, and many more.
The company supplies these products to various industries like Renewable Energy (Wind and Hydro), Industrial (Agriculture Equipment, Construction & Mining Equipment, Electrical & Automatic, Fastener Distribution, General, and Infrastructure), and Mobility (Railways and Automotive).
The company generated more than 80% of its revenue from its spring technology, 19.5% from fastening solutions, and the rest from others.
In terms of market share, the company has 10% of the Indian disc springs market, 15% of the domestic SFS market for wind turbines, 70% of the domestic DSS market for the renewable industry, and more.
In a few words, the company is one of the leading companies in the castings, forgings, and fasteners sector.
Final Words
Gala Precision Engineering Ltd is one of the major and leading players in the Castings, Forgings, & Fastners sector. The company is consistently making profits with continually increasing profits over the years. The company generates more than 80% of its revenue from springs technology, and 19.5% from fastening solutions. In short, the company Gala Precision Engineering’s share price target for 2024, 2025, and 2026 looks good for investors.
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