Econo Trade India Share Price Target 2024, 2025, 2026 To 2030

Incorporated in 1982, Econo Trade India Ltd has established itself as a prominent player in the financial sector, specializing in providing loans and making strategic investments in shares and securities. With a robust portfolio and a commitment to fostering financial growth, the company has navigated the dynamic market landscape for over four decades.

In this article, we’ll delve into every aspect of Econo Trade India Ltd, exploring its history, services, market strategies, and its impact on the financial industry. Join us as we uncover the journey and success story of this enduring financial institution.

Econo Trade India Ltd: A Financial Powerhouse in Strategic Lending and Investments

Econo Trade India Ltd, a Kolkata-based entity, operates as a Non-Systematically Important Non-Deposit Taking NBFC, providing loans and inter-corporate deposits to corporate clients, alongside investments in shares and securities. The company’s business model revolves around two main activities: loan provision and strategic investments.

In the fiscal year 2022, Econo Trade India’s loan portfolio comprised approximately 34% loans against securities and 66% unsecured loans, reflecting a significant engagement in high-risk, high-reward financial ventures. On the investment front, the company focused primarily on fixed deposits, although investments in fixed deposits saw a decline of about 6% compared to the previous year. This strategic allocation indicates a cautious approach towards safeguarding financial assets while maintaining liquidity. Overall, Econo Trade India Ltd continues to leverage its expertise in financial services to sustain growth and stability in a competitive market.

Econo Trade India Ltd: Q4 Financial Performance Highlights

• Sales: Achieved a remarkable increase to 2.56 crores, up from 1.34 crores in Q4 FY22, demonstrating strong revenue growth.
• Expenses: Slightly higher at 0.24 crores, compared to 1.15 crores in Q4 FY22, showcasing effective expense management.
• Operating Profit: Soared to 2.32 crores, a significant rise from 0.19 crores in Q4 FY22, reflecting robust operational performance.
• Operating Profit Margin (OPM): Significantly improved to 90.62%, up from 14.18% in Q4 FY22, indicating enhanced profitability.
• Other Income: Increased marginally to 0.07 crores from 0.09 crores in Q4 FY22.
• Interest: Decreased to 1.03 crores from 0.21 crores in Q4 FY22, reflecting lower interest expenses.
• Depreciation: Remained unchanged at 0.00 crores.
• Profit Before Tax: Jumped to 1.36 crores from 0.07 crores in Q4 FY22, showcasing strong pre-tax earnings.
• Tax Rate: Adjusted to 25.00%, compared to -14.29% in Q4 FY22, indicating a return to a standard tax rate.
• Net Profit: Increased to 1.02 crores from 0.08 crores in Q4 FY22, highlighting substantial improvement in net earnings.
• Earnings Per Share (EPS): Rose significantly to 0.55 from 0.04 in Q4 FY22, reflecting enhanced value for shareholders.

How to buy Econo Trade India Shares in India?

Below are the trading platforms that you can use to purchase ETI shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Econo Trade India Share Price Target: 2024 To 2030

Econo Trade India Share Price Target 2024

When	Maximum Price	Minimum Price
June 2024	9.40	8.17
July 2024	9.30	8.09
August 2024	9.67	8.41
September 2024	10.06	8.75
October 2024	9.86	8.58
November 2024	10.16	8.83
December 2024	10.41	9.06

Econo Trade India Ltd’s share price is forecasted to show steady growth through 2024, with projections indicating a maximum price of ₹10.41 and a minimum price of ₹8.17 by December.

As of June 24th, 2024, the stock trades at ₹8.70, with a market cap of ₹16.2 crores. The stock has experienced a 52-week high of ₹10.5 and a low of ₹5.45. With a P/E ratio of 6.42, a book value of ₹23.4, and no dividend yield, the company demonstrates a ROCE of 9.67% and ROE of 5.98%, against a face value of ₹10.0.

Econo Trade India Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	10.62	8.17
February 2025	10.89	8.38
March 2025	11.32	8.71
April 2025	11.10	8.54
May 2025	10.77	8.29
June 2025	11.26	8.66
July 2025	11.04	8.49
August 2025	11.38	8.75
September 2025	11.78	9.06
October 2025	12.08	9.30
November 2025	12.39	9.53
December 2025	12.70	9.77

Econo Trade India Ltd’s share price is expected to steadily rise throughout 2025, with projections showing a maximum of ₹12.70 and a minimum of ₹8.17 by December.

The company’s FY22 revenue was well-diversified: interest income from loans accounted for approximately 31%, share funding 23%, fixed deposits 18%, net gains from the trading portfolio 24%, and NBFC share funding account opening charges 3%. This diverse revenue mix, coupled with the anticipated growth in share price, indicates a positive financial trajectory for Econo Trade India Ltd in the upcoming year.

Econo Trade India Share Price Target 2026

When	Maximum Price	Minimum Price
January 2026	13.08	10.06
February 2026	13.41	10.32
March 2026	13.94	10.72
April 2026	13.66	10.51
May 2026	13.26	10.20
June 2026	13.86	10.66
July 2026	13.59	10.45
August 2026	14.01	10.78
September 2026	14.50	11.15
October 2026	14.88	11.44
November 2026	15.25	11.73
December 2026	15.63	12.02

Econo Trade India Ltd’s share price is anticipated to continue its upward trend in 2026, with maximum prices reaching ₹15.63 and minimum prices at ₹10.06 by December.

The company’s financial strategy has included taking a fresh loan of ₹16.6 crores in Q3 FY23, resulting in a total debt of ₹25 crores as of March 2023, which is four times its FY22 sales. Despite this increase in debt, the projected growth in share price reflects confidence in the company’s ability to manage its financial obligations and sustain its market performance. The diversified revenue streams and strategic investments are expected to support this positive outlook.

Econo Trade India Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	15.94	12.26
February 2027	16.35	12.58
March 2027	16.99	13.07
April 2027	16.66	12.81
May 2027	16.17	12.44
June 2027	16.90	13.00
July 2027	16.57	12.74
August 2027	17.08	13.14
September 2027	17.68	13.60
October 2027	18.14	13.95
November 2027	18.59	14.30
December 2027	19.05	14.66

Econo Trade India Ltd’s share price is projected to continue its upward trajectory in 2027, with anticipated maximum prices reaching ₹19.05 and minimum prices at ₹12.26 by January.

The company witnessed a change in auditors in FY22, as M/s. Harshad Sudhir and Co resigned from their role as Statutory Auditors and were succeeded by H S K & Co. Chartered Accountants, Ahmedabad. This transition reflects the company’s commitment to maintaining robust financial oversight and transparency. With a steady increase in projected share prices and a strategic approach to governance, Econo Trade India Ltd is poised to capitalize on market opportunities and sustain its growth momentum in the coming year.

Econo Trade India Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	19.44	14.95
February 2028	19.93	15.33
March 2028	20.71	15.93
April 2028	20.31	15.62
May 2028	19.71	15.16
June 2028	20.60	15.85
July 2028	20.20	15.54
August 2028	20.82	16.02
September 2028	21.55	16.58
October 2028	22.11	17.01
November 2028	22.66	17.43
December 2028	23.23	17.87

• January 2028: ₹14.95 (Minimum)
• December 2028: ₹23.23 (Maximum)

Econo Trade India Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	23.70	18.23
February 2029	24.30	18.69
March 2029	25.25	19.42
April 2029	24.76	19.04
May 2029	24.03	18.49
June 2029	25.12	19.32
July 2029	24.62	18.94
August 2029	25.38	19.53
September 2029	26.27	20.21
October 2029	26.96	20.74
November 2029	27.63	21.25
December 2029	28.32	21.79

• January 2029: ₹18.23 (Minimum)
• December 2029: ₹28.32 (Maximum)

Econo Trade India Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	28.89	22.22
February 2030	29.63	22.79
March 2030	30.78	23.68
April 2030	30.18	23.22
May 2030	29.30	22.54
June 2030	30.62	23.55
July 2030	30.02	23.09
August 2030	30.95	23.81
September 2030	32.03	24.64
October 2030	32.86	25.28
November 2030	33.69	25.91
December 2030	34.53	26.56

• January 2030: ₹22.22 (Minimum)
• December 2030: ₹34.53 (Maximum)

Financial Condition of Econo Trade India: Last 5 Years

Financials	2019	2020	2021	2022	2023	2024
Sales (Rs. Cr)	3.80	1.89	2.14	3.22	4.54	7.13
Expenses (Rs. Cr)	3.38	1.25	1.02	1.54	0.53	0.59
Operating Profit (Rs. Cr)	0.42	0.64	1.12	1.68	4.01	6.54
OPM (%)	11.05	33.86	52.34	52.17	88.33	91.73
Other Income (Rs. Cr)	0.00	0.00	0.00	0.00	0.03	0.10
Interest (Rs. Cr)	0.00	0.00	0.13	0.64	1.61	3.26
Depreciation (Rs. Cr)	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax (Rs. Cr)	0.42	0.64	0.99	1.04	2.43	3.38
Tax (%)	26.19	29.69	28.28	27.88	22.63	25.15
Net Profit (Rs. Cr)	0.31	0.46	0.71	0.75	1.88	2.53
EPS (Rs)	0.17	0.25	0.38	0.40	1.01	1.36

Over the past five years, Econo Trade India has shown notable growth and financial resilience. Sales have steadily increased from Rs. 1.89 crore in 2020 to Rs. 7.13 crore in 2024, reflecting a compounded growth rate of 13% over this period. The company has effectively managed its expenses, significantly reducing them from Rs. 1.25 crore in 2020 to just Rs. 0.59 crore in 2024. This disciplined cost management has bolstered operating profits, which surged from Rs. 0.64 crore in 2020 to Rs. 6.54 crore in 2024, with an impressive Operating Profit Margin (OPM) of 91.73% in the latest fiscal year.

Econo Trade India has also diversified its income streams, with other income increasing from negligible amounts to Rs. 0.10 crore in 2024. Despite rising interest costs due to increased borrowing, the company has maintained robust profitability, with net profit climbing from Rs. 0.46 crore in 2020 to Rs. 2.53 crore in 2024, translating into a compounded profit growth of 52% over the five-year period.

In terms of financial metrics, Econo Trade India has shown steady improvement in EPS, from Rs. 0.25 in 2020 to Rs. 1.36 in 2024. Return on Equity (RoE) has also seen positive trends, reaching 6% in the last fiscal year, indicating efficient use of shareholder funds. Looking ahead, the company’s stock has shown promising growth, with a 19% Compound Annual Growth Rate (CAGR) over the past three years, reflecting investor confidence in its performance and potential.

FAQs

What is Econo Trade India Ltd’s current market cap?

As of June 24th, 2024, Econo Trade India Ltd’s market capitalization stands at ₹16.2 crores.

What is the current share price of Econo Trade India Ltd?

The current share price of Econo Trade India Ltd is ₹8.70 as of June 24th, 2024.

What is the share price target for Econo Trade India Ltd for 2025?

The share price target for Econo Trade India Ltd for December 2025 ranges from a minimum of ₹9.77 to a maximum of ₹12.70.

What is the share price target for Econo Trade India Ltd for 2030?

The share price target for Econo Trade India Ltd for December 2030 ranges from a minimum of ₹22.22 to a maximum of ₹34.53.

What is Econo Trade India Ltd’s current Price-to-Earnings (P/E) ratio?

The current P/E ratio of Econo Trade India Ltd is 6.42.

Does Econo Trade India Ltd pay dividends?

No, Econo Trade India Ltd currently does not pay any dividends.

How has Econo Trade India Ltd’s sales grown over the past 5 years?

Econo Trade India Ltd’s sales have grown steadily, with a compounded growth rate of 13% from 2019 to 2024.

What is the Operating Profit Margin (OPM) of Econo Trade India Ltd in FY24?

The Operating Profit Margin (OPM) of Econo Trade India Ltd was 91.73% in FY24.

How has Econo Trade India Ltd’s EPS grown over the past 5 years?

Econo Trade India Ltd’s EPS has grown from ₹0.25 in 2020 to ₹1.36 in 2024.

What is the historical performance of Econo Trade India Ltd’s stock?

Econo Trade India Ltd’s stock has shown a Compound Annual Growth Rate (CAGR) of 19% over the past three years.

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Conclusion: Evaluating Econo Trade India Ltd’s Investment Prospects

Econo Trade India Ltd has established itself as a resilient player in the financial sector, focusing on strategic lending, investments in securities, and maintaining a diverse revenue mix. Over the past five years, the company has shown impressive growth metrics, with a compounded sales growth rate of 13%, disciplined cost management leading to robust operating profits, and a significant increase in net profits and EPS. The company’s strong Q4 FY24 performance underscores its operational efficiency and profitability, with an Operating Profit Margin (OPM) of 91.73%.

Looking ahead, Econo Trade India Ltd forecasts steady share price growth, with projections indicating a potential rise from ₹8.70 (current price) to as high as ₹34.53 by December 2030. Despite trading at 0.37 times its book value and reporting consistent profits, the company’s decision not to pay dividends, low promoter holding (26.2%), and a modest return on equity (4.26% over the last 3 years) present considerations for potential investors. Furthermore, the significant increase in working capital days from 1,694 to 3,716 days raises concerns about efficient capital management.

In conclusion, while Econo Trade India Ltd shows promise with its growth trajectory and financial resilience, prospective investors should weigh these factors carefully against their investment objectives and risk appetite.