Alok Industries is a textile company based in India. It is engaged in the business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments, and readymade garments. In this article, we will take a look at the Alok Industries share price target for the next few years, as well as some key information about the company.
Share Price Target
Here is a table showing the Alok Industries share price target for 2022-2030:
| Target Year | Share Price Target |
|---|---|
| 2022 (Target-1) | Rs 37 |
| 2022 (Target-2) | Rs 41 |
| 2023 (Target-1) | Rs 48 |
| 2023 (Target-2) | Rs 51 |
| 2024 (Target-1) | Rs 59 |
| 2024 (Target-2) | Rs 63 |
| 2025 (Target-1) | Rs 74 |
| 2025 (Target-2) | Rs 77 |
| 2030 (Target-1) | Rs 245 |
| 2030 (Target-2) | Rs 274 |
Please note that these are just targets and are not guaranteed to be achieved. The actual share price of Alok Industries may vary based on various factors such as the company’s financial performance, industry trends, and overall market conditions.
Company Overview
Alok Industries was established in 1986 with its first polyester texturizing plant being set up in 1989. It became a public limited company in 1993 and has since expanded into various areas of the textile industry. The company is known for its world-class home textiles, garments, apparel fabrics, and polyester yarns, and sells directly to manufacturers, exporters, importers, retailers, and to some of the world’s top brands.
In addition to its domestic operations, Alok Industries has an international presence through its associate concern, Grabal Alok (UK) Limited, which owns more than 200 outlets in the UK. The company also has a stake in a UK-based retail company, Hansard 2353 (now known as Grabal Alok (UK)), which has 218 stores across England, Scotland, and Wales.
Alok Industries also has a presence in the retail segment through its 100% subsidiary, Alok Retail (India), which operates under the brand name H & A stores. Presently, the company owns 32 stores in India.
In addition to its core textile business, Alok Industries is also engaged in international retailing through its acquired entity Mileta, located in the Czech Republic. Mileta is a European leader in yarn-dyed shirting, handkerchiefs, and table linen, specializing in high-value premium products. Together with Alok, Mileta has created apparel brands such as Mileta, Erba, Cottonova, and Lord Nelson.
Key Financials
Here are some key financial highlights for Alok Industries:
- Total revenue: Rs 6,049 crore (FY 2020-21)
- Net profit: Rs 139 crore (FY 2020-21)
- Total assets: Rs 5,739 crore (as of March 2021)
- Market capitalization: Rs 1,157 crore (as of January 2021)
FAQs
What is the current share price of Alok Industries?
The current share price of Alok Industries is not available as it is constantly changing based on supply and demand in the market.
What are the risks involved in investing in Alok Industries?
As with any investment, there are risks involved in investing in Alok Industries. Some of the risks to consider include the company’s financial performance, industry trends, and overall market conditions. It is important for investors to thoroughly research the company and consult with financial advisors before making any investment decisions.
What are the strengths of Alok Industries?
Some of the strengths of Alok Industries include its diversified product range, strong domestic and international presence, and its partnerships with top brands. The company is also focused on quality and cost efficiencies, which helps to improve its financial performance.
What is the outlook for the textile industry in India?
The textile industry in India is expected to grow significantly in the coming years, driven by factors such as rising demand for textiles in domestic and international markets, government initiatives to boost the sector, and the country’s strong export base. This is a positive outlook for Alok Industries, as the company is well-positioned to take advantage of these growth opportunities.
Conclusion
In summary, Alok Industries is a leading textile company based in India with a strong domestic and international presence. The company’s share price target for 2022-2030 is shown in the table above, although it is important to note that these targets are not guaranteed to be achieved. Investors interested in Alok Industries should carefully consider the risks and conduct thorough research before making any investment decisions.