Senco Gold Share Price Target 2024, 2025 To 2030

Senco Gold Limited, a leading jewelry retailer in India, holds the distinction of being the largest organized jewelry retail player in the Eastern region. With an extensive network of stores, it has established a strong presence in the market. In this post, we are going to see if buying and holding SENCO Golds in 2024 is a good investment choice. We will also be analysing Senco Gold’s share price target from 2024 to 2030.

senco gold share price prediction

About Senco Gold

Senco Gold stands as the largest jewelry retail player in East India, boasting an impressive network of 150 stores, both large and small format, that offer a diverse range of gold and diamond jewelry, as well as silver, platinum, precious, and semi-precious stones, and other metals. Their extensive product catalog includes over 108,000 designs for gold jewelry and 46,000 designs for diamond jewelry, all sold under the brand name “Senco Gold & Diamonds.”

Senco Gold’s market cap as of 15th April 2024 stands at ₹7,283 Cr., with a current stock price of ₹937.

Latest News about Senco Gold

In a bid to revolutionize its digital presence, Senco Gold, a prominent jewelry retailer, has announced a strategic partnership with a cutting-edge tech start-up specializing in e-commerce solutions. This collaboration aims to enhance the online shopping experience for customers, offering a seamless and personalized platform for browsing and purchasing jewelry products. Leveraging advanced technology such as augmented reality (AR) and artificial intelligence (AI), the revamped online portal will provide customers with immersive virtual try-on experiences and personalized recommendations tailored to their preferences. This initiative reflects Senco Gold’s commitment to embracing digital innovation and meeting the evolving needs of its tech-savvy customer base. The partnership is poised to elevate the company’s online retail capabilities, positioning it as a frontrunner in the digital transformation of the jewelry industry.

Senco Gold Q4 FY24 Results: Summary and Key Points

  • Senco Gold’s Q4 results reveal a robust revenue growth of 39% compared to the previous year’s quarter.
  • The company’s same-store-sales-growth surged by 23% during the quarter, surpassing competitors such as Titan and Kalyan Jewellers.
  • Expansion efforts were evident with the addition of four new stores in Q4, contributing to a total of 23 stores for FY 2024, marking the highest number added in a financial year.
  • The studded ratio improved from 10.5% to 11.5%, indicating a higher proportion of high-value jewellery sales.
  • Despite global gold price increases, Senco Gold witnessed a 13% rise in gold sales volume and a 19% increase in diamond sales volume for FY 2023-24.
  • The old gold exchange as a percentage of sales rose to 32%, reflecting effective customer engagement strategies.
  • The company remains optimistic about the new financial year, anticipating increased demand during festive seasons and events like Akshaya Tritiya.
  • Senco Gold shares rallied up to 15% following the Q4 results announcement, reaching ₹916, nearly tripling from its IPO price of ₹317 since going public in September last year.

How to purchase Senco Gold Shares?

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

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

Finances rule

➤ ICICIDirect

Senco Gold Share Price Target 2024 to 2030

Senco Gold Share Price Target 2024

When Maximum Price Minimum Price
April 2024 943.80 820.70
May 2024 929.85 808.57
June 2024 963.33 837.68
July 2024 953.69 829.30
August 2024 991.84 862.47
September 2024 1,031.52 896.97
October 2024 1,011.29 879.38
November 2024 1,051.74 914.56
December 2024 1,062.26 923.70

In April 2024, the share price of Senco Gold is anticipated to reach a maximum of 943.80 and a minimum of 820.70. As the year progresses, fluctuations are expected in the share price, with May seeing a high of 929.85 and a low of 808.57. Moving into June, the share price of Senco Gold is projected to peak at 963.33 and dip to a low of 837.68. By December 2024, the share price is forecasted to rise, reaching a maximum of 1,062.26 and a minimum of 923.70.

Senco Gold Share Price Target 2025

When Maximum Price Minimum Price
January 2025 1,168.48 898.83
February 2025 1,180.29 907.91
March 2025 1,205.07 926.98
April 2025 1,193.14 917.80
May 2025 1,158.39 891.07
June 2025 1,210.52 931.17
July 2025 1,186.78 912.91
August 2025 1,223.49 941.14
September 2025 1,238.17 952.44
October 2025 1,270.36 977.20
November 2025 1,302.12 1,001.63
December 2025 1,360.71 1,046.70

In 2025, the trajectory of Senco Gold’s share prices is anticipated to exhibit a dynamic pattern. Starting in January, the shares are expected to reach a maximum of 1,168.48 and a minimum of 898.83. As the months progress, fluctuations continue with February seeing highs of 1,180.29 and lows of 907.91, and March reaching a peak of 1,205.07 and a low of 926.98. The trend continues throughout the year, with share prices experiencing highs and lows, culminating in December with a maximum of 1,360.71 and a minimum of 1,046.70.

Senco Gold Share Price Target 2026 – 2030

Year Maximum Price Minimum Price
2026 ₹1,267.94 ₹887.56
2027 ₹1,394.73 ₹976.31
2028 ₹1,952.62 ₹976.31
2029 ₹1,690.58 ₹845.29
2030 ₹2,197.76 ₹1,538.43

The share price targets for Senco Gold spanning from 2026 to 2030 reflect a compelling outlook for investors. Our analysis illustrates a gradual but substantial growth trajectory over this five-year period.

Starting in 2026, Senco Gold’s projected range spans from a maximum of ₹1,267.94 to a minimum of ₹887.56, indicating the potential for strong appreciation.

As we progress into the subsequent years, the forecasts continue to paint an optimistic picture. In 2027, the estimates point to a maximum price of ₹1,394.73 and a minimum of ₹976.31, underlining the sustained upward momentum. This trend becomes more pronounced in 2028, with a maximum target of ₹1,952.62 and a minimum of ₹976.31, showcasing significant growth potential.

While 2029 is expected to witness a maximum price of ₹1,690.58 and a minimum of ₹845.29, the pinnacle of this growth journey is projected for 2030, with an estimated maximum price of ₹2,197.76 and a minimum of ₹1,538.43.

These projections suggest a promising long-term investment opportunity in Senco Gold, highlighting the company’s potential to deliver robust returns and indicating the confidence of investors in its financial prospects. Nevertheless, it’s crucial to remember that these are speculative estimates, and actual market conditions may vary.

Financial Condition of Senco Gold: Last 5 years

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Sales + 2,484 2,420 2,660 3,535 4,076 4,914
Expenses + 2,318 2,197 2,479 3,247 3,746 4,557
Operating Profit 166 223 182 287 330 356
OPM % 7% 9% 7% 8% 8% 7%
Other Income + 9 9 15 13 32 37
Interest 43 63 73 80 98 103
Depreciation 16 37 40 42 45 55
Profit before tax 116 132 84 178 219 236
Tax % 36.00% 31.00% 26.00% 27.00% 26.00%
Net Profit + 75 91 62 130 161 178
EPS in Rs 14.03 17.1 11.57 24.47 28.81 24.67
Dividend Payout % 0% 0% 13% 4% 5%

Over the past five years, the company has demonstrated consistent growth in sales, with revenues nearly doubling from March 2019 to March 2023. Despite this expansion, the company has effectively managed its expenses, maintaining a reasonable balance between revenue growth and cost control. This is reflected in the stable operating profit margins, which, although fluctuating slightly, have generally remained within a healthy range of 7% to 9%. Additionally, the company has diversified its income sources, evident from the notable increase in other income over the years. While interest and depreciation expenses have risen as expected with growth, the company’s focus on improving operational efficiency is evident from the increasing trend in profit before tax. Effective tax management has further bolstered net profit, which has seen a steady increase over the years, translating into a rising earnings per share. The company’s commitment to returning value to shareholders is evident from the gradual increase in dividend payout percentage. Overall, these financials underscore the company’s ability to sustain growth, manage expenses, and create value for its stakeholders while navigating a dynamic business environment.

FAQs

What is the current market capitalization of Senco Gold?

The current market cap of Senco Gold is ₹7,283 Cr Crores.

What is the current share price of Senco Gold?

The current share price is ₹937.

What is the stock’s Price-to-Earnings (P/E) ratio?

The stock’s P/E ratio is 40.9.

What are the 2025 share price targets for Senco Gold?

In January 2025, the maximum expected share price is ₹1,168.48, and the minimum is ₹898.83. The maximum and minimum targets increase steadily, with a peak of ₹1,360.71 and a minimum of ₹1,046.70 in December 2025.

What is the share price targets for Senco Gold from 2026 to 2030?

The share price targets for this period indicate a gradual but substantial growth trajectory, with maximum and minimum levels gradually increasing each year.

Should I consider holding Senco Gold shares for the long term?

According to Vaibhav Kaushik, a Research Analyst at GCL Broking, Senco Gold is considered a quality company with the potential for long-term growth.

What is the current dividend payout percentage for Senco Gold shares?

The current dividend payout percentage is 5%.

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Conclusion

In conclusion, Senco Gold Limited is a prominent contenders in the competitive Indian jewelry industry, bringing its own unique strengths and market presence to the forefront. Senco Gold’s remarkable position as the largest organized jewelry retail player in the Eastern region, with a network of 150 stores offering a diverse range of jewelry options, underscores its stronghold in the market.

Senco Gold specialize in gold and diamond jewelry, with an unwavering commitment to offering hallmarked and certified products, assuring quality and authenticity to customers. Senco Gold’s financial performance over the last five years reveals a compelling growth story, marked by consistent increases in sales, operating profit, and net profit, reflecting a strong financial performance and growth potential.

Market analysts and experts have provided optimistic share price targets for Senco Gold, indicating the potential for growth in both the short term and long term. However, prudent investors should conduct thorough research, consider their investment objectives, and manage their risk tolerance when navigating the dynamic Indian jewelry market.

Senco Gold presents promising opportunities for investors, but market conditions can fluctuate, emphasizing the importance of careful consideration and consultation with financial experts. In this comprehensive exploration of these two prominent jewelry companies, we have delved into every aspect of their operations, growth strategies, market presence, and investment potential within the vibrant Indian jewelry industry.

In my personal opinion, Senco Gold is a good investment opportunity, as the growth opportunity is immense. The company is less than Rs. 8,000 Crore marketcap, and has potential to do more than 5x, as its business grow.

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Author: Sneha Saha

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