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COROENGG Share Price Target 2024, 2025, 2026 to 2039 With Charts
Coromandel Engineering Company Limited | |||
 | Symbol: COROENGG | ||
| Price: ₹55.55 | |||
| Exchange: BSE | |||
| -> | |||
Show Table of Contents
Table of Contents
- 0.1: COROENGG Financial Performance
- 0.1.1: Is COROENGG A Good Buy For Long Term?
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: COROENGG Share Price Target For 2024
- 1.1.1: COROENGG Share Price Target Table For 2024
- 1.1.2: Summary: COROENGG Share Price Prediction For 2024
- 1.2: COROENGG Share Price Target For 2025
- 1.2.1: COROENGG Share Price Target Table For 2025
- 1.2.2: Summary: COROENGG Share Price Prediction For 2025
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: COROENGG Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 2.2: COROENGG Share Price Target Table From 2024, 2025, 2026 to 2039
- 3: COROENGG Past Performance
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COROENGG Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 184.61 Crore | Market valuation of COROENGG's shares. |
| Revenue (TTM) | 96.63 Crore | Total revenue generated by COROENGG over the past twelve months. |
| Net Income (TTM) | -4.39 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | -0.63% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 21.43% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -68.41% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -66.87% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 4.8 | Company's total debt divided by total shareholder equity. |
| Total Debt | 16.67 Crore | Sum of COROENGG's current & long-term financial obligations. |
Is COROENGG A Good Buy For Long Term?
COROENGG is a small-cap stock with a market capitalization of 184.61 Crore, showing recent revenue decline and a net loss of 4.39 Crore in the last 12 months. While its 5-year returns are promising at 98.39%, the Q1 2024-25 report reveals a debt of 16.67 Crore, which, coupled with the significant decline in revenue and profit compared to previous periods, raises concerns about the company's financial health. Given these factors, it's too early to confidently call COROENGG a "good buy" for the long term. Further analysis and a deeper understanding of the company's future prospects are needed before making an investment decision.
To predict the COROENGG's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
COROENGG Share Price Target For 2024
The line chart displays the monthly closing prices of COROENGG with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for COROENGG shares in 2024, see the table below.
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COROENGG Share Price Target Table For 2024
| COROENGG's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 58.90 (+6.03%) | Price Action: Aug 2014 High |
| 2024 Target 2 | 58.12 (+4.62%) | Custom Fibonacci Extension Lvl 23.6% |
| 2024 Target 1 | 57.42 (+3.36%) | Price Action: Dec 2010 High |
| Current Price | 55.55 | COROENGG's 1 share price as of Thu 05 Sep 2024 |
| Stop Loss 1 | 54.50 (-1.9%) | Price Action: Jul 2014 Low |
| Stop Loss 2 | 53.70 (-3.34%) | Price Action: Jan 2018 Low |
| Stop Loss 3 | 52.50 (-5.5%) | Price Action: May 2016 Low |
Summary: COROENGG Share Price Prediction For 2024
In summary, COROENGG has surged by ₹7.86, achieving a notable +16.48% increase from 1st January 2024 to 05 Sep 2024. Our analysis of COROENGG for 2024 predicts an additional rise of 3.36% to 6.03% by the end of 2024 with three potential targets T1: 57.42, T2: 58.12, T3: 58.90. Stop Loss at SL1: 54.50, SL2: 53.70, SL3: 52.50.
COROENGG has a 52-week high of ₹69.95, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹33.83, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for COROENGG.
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COROENGG Share Price Target For 2025
The line chart displays the monthly closing prices of COROENGG with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for COROENGG shares in 2025, see the table below.
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COROENGG Share Price Target Table For 2025
| COROENGG's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 78.96 (+42.14%) | Price Action: Chart |
| 2025 Target 2 | 77.49 (+39.49%) | Price Action: Chart |
| 2025 Target 1 | 76.72 (+38.1%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 55.55 | COROENGG's 1 share price as of Thu 05 Sep 2024 |
| Stop Loss 1 | 50.65 (-8.83%) | Price Action: Jul 2011 High |
| Stop Loss 2 | 50.10 (-9.82%) | Price Action: Jun 2015 Low |
| Stop Loss 3 | 49.50 (-10.9%) | Price Action: Jan 2024 Low |
Summary: COROENGG Share Price Prediction For 2025
In summary, COROENGG has surged by ₹7.86, achieving a notable +16.48% increase from 1st January 2024 to 05 Sep 2024. Our analysis of COROENGG for 2025 predicts an additional rise of 38.1% to 42.14% by the end of 2025 with three potential targets T1: 76.72, T2: 77.49, T3: 78.96. Stop Loss at SL1: 50.65, SL2: 50.10, SL3: 49.50.
COROENGG has a All-Time high of ₹90.70, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹33.83, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for COROENGG, we have created a specific page for that check here: COROENGG Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
COROENGG Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of COROENGG share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 7.08% over the next 15 years.
For complete year by year COROENGG long term share price target from 2024, 2025 to 2039 check the below table.
COROENGG Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | COROENGG Target | YoY Change % |
|---|---|---|
| 2024 | ₹55.55 | [Current Price] |
| 2024 | ₹60.75 | 9.36% |
| 2025 | ₹70.15 | 15.47% |
| 2026 | ₹75.36 | 7.42% |
| 2027 | ₹83.5 | 10.8% |
| 2028 | ₹86.37 | 3.43% |
| 2029 | ₹91.32 | 5.73% |
| 2030 | ₹102.23 | 11.94% |
| 2031 | ₹106.93 | 4.59% |
| 2032 | ₹115.77 | 8.26% |
| 2033 | ₹117.36 | 1.37% |
| 2034 | ₹121.89 | 3.85% |
| 2035 | ₹134.3 | 10.18% |
| 2036 | ₹138.5 | 3.12% |
| 2037 | ₹148.05 | 6.89% |
| 2038 | ₹148.35 | 0.2% |
| 2039 | ₹158.36 | 6.74% |
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COROENGG Past Performance
- In 2010, COROENGG opening price was ₹30.04
- As of Thu 05 Sep 2024 the price stands at ₹55.55.
- This represents a Compound Annual Growth Rate (CAGR) of 4.18%.
- In 14 years, an investment of 10,000 would have become ₹18,492.01.
As we wrap up, we hope you like our study on COROENGG share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
