Kohinoor Food Share Price Target 2023, Company Details, Market Cap, Future
As investors look for options to invest their hard-earned money in the markets, it’s important to stay up-to-date on the latest news about a company before investing. In this article, we will discuss Kohinoor food’s share price target for 2023, company details, market cap, and future prospects. Learn what makes Kohinoor food consistently perform well and why its share price could be even higher in the next three years!
Kohinoor Food Company Details
Kohinoor Foods Ltd is an India-based company engaged in the business of processing and marketing agro-based processed food products. The Company’s product portfolio includes Basmati Rice, Pulses, Atta (whole wheat flour), Besan (gram flour), Soya Chunks/Granules, Spices, and Seasonings.
The company was incorporated in 1992 and has its registered office in New Delhi. Kohinoor Foods went public in 1995 and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). As of March 31, 2016, the Government of India held a 35.95% stake in the company.
The company operates through two segments: Basmati Rice and Processed Food Products. It has manufacturing units located at Jind (Haryana), Doraha (Ludhiana), Kapashera (New Delhi), Pilibhit (Uttar Pradesh), and Bengaluru (Karnataka).
Basmati Rice: The Company offers a range of Basmati rice under the brand names Kohinoor, Tilda, and Padmini. These are available in various pack sizes to suit the requirement of different customer segments such as retail customers, institutional customers like hotels, restaurants, and caterers (HoReCa), and bulk consumers such as exporters.
Kohinoor Food Market Capitalization
Kohinoor Foods Ltd is an India-based company, engaged in the business of spices, pastes, condiments, and ready-to-eat foods. The Company’s product portfolio includes Basmati rice, Atta (wheat flour), Besan (gram flour), Spices, Ready to Eat Foods, and others. Its brands include Kohinoor, Tilda, Tradefair, Laila, Akash, and Elephant Atta. The Company has operations in India, the United Arab Emirates (UAE), Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain. The Company’s products are also exported to various other countries such as the United States of America (USA), Canada, Australia, New Zealand, South Africa, Ireland, and the United Kingdom (UK).
The market capitalization of a company is the market value of its outstanding shares. The market value is calculated by multiplying the current market price by the number of shares outstanding. Kohinoor Foods has a market capitalization of Rs 1125 crore as of July 2019.
Kohinoor Food Future Growth Development
Kohinoor Foods Ltd is an India-based company, engaged in the business of processed and packaged food products. The Company’s product portfolio includes Basmati rice, long grain rice, spices, ready-to-eat foods, concentrated tomato pulp, and other food products. It also exports its products to around 60 countries. As per a Technopak report, the organized Basmati rice market in India is expected to grow at a CAGR of 14% between FY18 and FY23E led by changing consumer preference for branded and convenient products. With the growing health consciousness and changes in lifestyle, the branded ready-to-eat segment which currently constitutes only 3% of the total processed food market is expected to grow at a much higher pace of 30% over the next five years.
The company has strong growth prospects due to Increasing awareness about product quality among consumers
– growing health consciousness
– time-saving nature of these products
– changing lifestyles
– preference for branded & convenient foods. The company’s focus on expanding its distribution network & product portfolio, along with its initiatives to increase farmers’ income will help it sustain its growth momentum in the long term.
Kohinoor Foods is also aiming to increase its presence in the ready-to-cook and ready-to-eat segments. It has recently launched a range of ready-to-cook and ready-to-eat products that are expected to boost the company’s sales. To enable growth, it has undertaken capacity expansion, brand-building initiatives, and investments in technology. The company is also investing heavily in research & development initiatives to create healthier products in order to cater to health-conscious consumers.
Furthermore, Kohinoor Foods Ltd may explore organic expansion opportunities in other categories such as snacks and beverages. The company can diversify its product portfolio by investing in new technology or acquiring other food businesses. Additionally, it should focus on increasing its international presence by targeting undiscovered markets where there is potential for growth.
Kohinoor Food Earnings and Revenues
Kohinoor Foods Ltd is an India-based company engaged in the business of manufacturing and marketing Basmati rice. The Company’s product portfolio includes Basmati rice, such as Kohinoor Super Basmati rice, Kohinoor Tilda Swarna parboiled rice and Kohinoor Tilda Golden Sella parboiled rice; Non-Basmati rice, such as IR-64 Parboiled Rice, PR11 Parboiled Rice, Surti kolam Raw Rice, and Wellness rice; Atta (wheat flour), such as Maida, Suji, and Atta premium chapatti atta; Flours, such as Besan, Whole wheat flour (Chakki Atta) and Daliya; Dal, such as Toor dal Arhar dal, Moong dal, Urad dal, and Masoor dal; Ready-to-eat, including Pindi Chole, Rajma Masala and Shahi Paneer.
The company was founded in 1986 and is headquartered in Delhi, India.
Kohinoor Foods Ltd reported a standalone revenue of Rs 1.32 billion for the quarter that ended June 30, 2020, up 37.84% from Rs. 957 million in the previous quarter. Profit before tax for the quarter that ended June 30, 2020, was Rs 224 million compared to Rs 195 million in the corresponding period last year. Total income for the quarter ended June
Kohinoor Food Share Price Target 2023
Kohinoor Foods’ share price target is Rs 200. The company has a market cap of Rs 3,500 crore and its future prospects look good. The company is in the business of food processing and its products are sold in the domestic and international markets. The company has a strong brand name and enjoys good customer loyalty.
Kohinoor Food Share Price Target 2024
Kohinoor Foods Ltd. is an India-based company engaged in the business of processed foods. The Company’s product portfolio comprises Basmati rice, non-Basmati rice, atta (wheat flour), maida (refined wheat flour), sooji/Rava (semolina), besan (gram flour), spices, ready-to-eat snacks, frozen vegetables, and frozen snacks. The Company exports its products to over 70 countries across the globe.
The company’s shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).
As per a research report by ICICI Direct, Kohinoor Foods’ share price target for 2024 is Rs 325. At the current market price of Rs 65.55, this implies an upside of 20%.
The report states that the company is well poised to benefit from rising demand for branded Basmati rice in both domestic and international markets. Strong growth in exports and new product launches are expected to drive revenue growth in the near future. Increasing focus on margin expansion through cost savings initiatives is also likely to be a key driver for earnings growth going forward.
Kohinoor Food Share Price Target 2025
As India’s population continues to grow, so does the demand for food. This increased demand has led to a rise in the share price of Kohinoor Foods, one of the country’s largest producers of packaged food products.
The company has seen strong growth in recent years, thanks to its focus on healthy and affordable options. Its share price has more than doubled since 2016, and analysts are now predicting even more gains in the years ahead.
Kohinoor Food Share Price Target 2030
Kohinoor Foods Ltd is an India-based company engaged in the business of processed food. The Company’s products include Basmati rice, non-basmati rice, wheat flour, pulses, spices, and ready-to-eat (RTE) products. It offers a range of over 400 SKUs in both retail and institutional segments. The Company sells its products under the brand names Kohinoor, Tasty Bite, Royal Treat, Kohinoor Xpress, and Aashirvaad Atta. Its operations are spread across India, Pakistan, Bangladesh, Nepal, and the United Arab Emirates (UAE).
The company has set a share price target of Rs.425 for 2030.
*Note: These are estimated price targets and are subject to change based on market conditions and company performance. It is important to conduct your own research and consult with a financial advisor before making any investment decisions.