Are you in search of insights on MMTC’s share price target or an analysis of MMTC shares? If so, you’ve come to the right place!
In this article, you will get everything related to MMTC Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030). MMTC Ltd Fundamentals, Financial, Businesses and more.
Investing in shares comes with its share of risks. However, with a solid understanding of the stock market, you can mitigate potential losses and enhance your chances of making a profit.
With that in mind, we’re delving into an analysis of MMTC Share Price Target.
This information will help you form your own opinion on whether investing in MMTC shares is a wise decision. So, stick around until the conclusion of the post. Let’s jump right in.
About MMTC
MMTC Ltd, officially known as the Metals and Minerals Trading Corporation of India, stands as one of India’s leading contributors to foreign exchange earnings.
As the largest public sector trading entity in the country, MMTC handles the export and import of vital commodities ranging from coal, iron ore, and agricultural products to ferrous and nonferrous metals, as well as fertilizers. Its trade operations encompass various forms of international trading, including third-country trade, joint ventures, and link deals.
With an extensive global trade network, MMTC conducts business in nearly every continent, covering Asia, Europe, Africa, Oceania, and the United States.
Additionally, it operates a wholly-owned international subsidiary in Singapore known as MTPL. MMTC holds the esteemed status of being one of the Miniratnas companies.
Renowned for being a top foreign exchange earner for India, MMTC takes precedence after petroleum refining companies.
Recognized as India’s largest international trading company, it was the first public sector enterprise to attain the distinction of Five Star Export Houses from the Government of India, in acknowledgment of its longstanding contributions to exports.
Given its dominant position in the bullion trade, encompassing retailing, MMTC accounted for 146 tonnes of gold out of the total 600 tonnes imported in the precious metal sector during 2008–09.
MMTC Fundamentals
| EQUITIES AND LIABILITIES | MAR 23 |
|---|---|
| SHAREHOLDER’S FUNDS | (in Rs. crore) |
| Equity Share Capital | 150.00 |
| TOTAL SHARE CAPITAL | 150.00 |
| Reserves and Surplus | 1,114.83 |
| TOTAL RESERVES AND SURPLUS | 1,114.83 |
| TOTAL SHAREHOLDERS FUNDS | 1,264.83 |
| NON-CURRENT LIABILITIES | |
| Long Term Borrowings | 0.00 |
| Deferred Tax Liabilities [Net] | 0.00 |
| Other Long Term Liabilities | 5.05 |
| Long Term Provisions | 43.03 |
| TOTAL NON-CURRENT LIABILITIES | 48.08 |
| CURRENT LIABILITIES | |
| Short Term Borrowings | 42.73 |
| Trade Payables | 248.06 |
| Other Current Liabilities | 587.37 |
| Short Term Provisions | 1,082.30 |
| TOTAL CURRENT LIABILITIES | 1,960.46 |
| TOTAL CAPITAL AND LIABILITIES | 3,273.37 |
| ASSETS | |
| NON-CURRENT ASSETS | |
| Tangible Assets | 33.47 |
| Intangible Assets | 0.00 |
| Capital Work-In-Progress | 0.00 |
| Other Assets | 0.00 |
| FIXED ASSETS | 33.47 |
| Non-Current Investments | 25.62 |
| Deferred Tax Assets [Net] | 154.43 |
| Long Term Loans And Advances | 1.49 |
| Other Non-Current Assets | 72.44 |
| TOTAL NON-CURRENT ASSETS | 287.45 |
| CURRENT ASSETS | |
| Current Investments | 0.00 |
| Inventories | 1.16 |
| Trade Receivables | 134.04 |
| Cash And Cash Equivalents | 1,314.40 |
| Short Term Loans And Advances | 0.53 |
| Other Current Assets | 1,535.79 |
| TOTAL CURRENT ASSETS | 2,985.92 |
| TOTAL ASSETS | 3,273.37 |
| OTHER ADDITIONAL INFORMATION | |
| CONTINGENT LIABILITIES, COMMITMENTS | 0.00 |
| CIF VALUE OF IMPORTS | |
| Raw Materials | 0.00 |
| Stores, Spares And Loose Tools | 0.00 |
| Trade/Other Goods | 0.00 |
| Capital Goods | 0.00 |
| EXPENDITURE IN FOREIGN EXCHANGE | 0.00 |
| Expenditure In Foreign Currency | 0.00 |
| REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS | — |
| Dividend Remittance In Foreign Currency | — |
| EARNINGS IN FOREIGN EXCHANGE | |
| FOB Value Of Goods | — |
| Other Earnings | — |
| BONUS DETAILS | |
| Bonus Equity Share Capital | — |
| NON-CURRENT INVESTMENTS | |
| Non-Current Investments Quoted Market Value | — |
| Non-Current Investments Unquoted Book Value | — |
| CURRENT INVESTMENTS | |
| Current Investments Quoted Market Value | — |
| Current Investments Unquoted Book Value | — |
MMTC Financial Trends
The profit trend for MMTC Company over the years shows a fluctuating pattern. In 2019, the company reported a profit of ₹81.43 Cr.
However, in the subsequent years, there was a notable variation in profitability. In 2020, the company experienced a loss of ₹227.11 Cr, indicating a substantial decline.
The situation improved in 2021 with a profit of ₹1,076.07 Cr, marking a significant recovery. This positive trend continued in 2022, with a profit of ₹1,076.07 Cr being reported again.
Overall, while there were periods of decline, MMTC Company managed to rebound and showcase a commendable recovery in its profitability by the end of this period.
It’s essential to note that the exceptional items in certain years may have contributed to these fluctuations, potentially influencing the profit figures.
MMTC Share Price Target 2023 Table
| Year | Range |
|---|---|
| MMTC Share Price Target 2023 | ₹26.5-₹108 |
| MMTC Share Price Target 2024 | ₹70- ₹120 |
| MMTC Share Price Target 2025 | ₹108-₹150 |
| MMTC Share Price Target 2026 | ₹150-₹170 |
| MMTC Share Price Target 2027 | ₹170-₹230 |
| MMTC Share Price Target 2028 | ₹230-₹270 |
| MMTC Share Price Target 2029 | ₹270-₹300 |
| MMTC Share Price Target 2030 | ₹300-₹435 |
MMTC Share Price Target 2023
This mid-cap stock has witnessed a notable decline over the past year, posting a negative return of 10%. However, in the most recent six months, it has shown signs of tremendous growth, generating a positive return of almost 100%.
In view of these developments, experts are projecting an approximate average MMTC share price of INR 108 for 2023, with anticipated high and low prices at INR 108 and INR 70, respectively.
MMTC Share Price Target 2024
The core attributes of MMTC are highly commendable. Based on these foundational indicators, it is deduced that the projected average MMTC Share Price for 2024 could be approximately INR 70. The potential range of prices extends from the highest of INR 120 to the lowest of INR 70.
MMTC Share Price Target 2025
While the company exhibits strong fundamentals, its financial performance leaves much to be desired. MMTC has reported losses consistently over the years.
Based on historical data, the projected MMTC share price for 2025 is estimated to average around INR 110. The anticipated range spans from a low of INR 108 to a high of INR 150.
Also read: Shalimar share price target
MMTC Share Price Target 2030
As long as the price of the share remains above 70 stay invested in it for long term. If the price holds 70 the immediate resistances are 108/- , 150/- , 170/-, 230/-, 300/-, 435/- so as per your risk setup stay invested in the stock for long term wealth creation. As and when the supports break be ready to sell and book profits as per your setup.
MMTC is a good stock but it can remain in the same range for a long period of time. So stay invested only if you see any growth potential. If the levels break do not hesitate to get out of the stock immediately.
Also read: IRFC share price target
Conclusion on MMTC Share Price Target 2023
The trading sector is experiencing notable expansion, suggesting promising prospects for companies in this field.
For potential investors eyeing MMTC shares, it’s worth noting that the company’s current financial standing may not be stellar, but there are steady signs of improvement.
With this in mind, it’s wise to approach this investment with a long-term perspective rather than expecting immediate gains.
Before making any financial commitments, it’s essential to conduct your own comprehensive assessment of the stocks or seek guidance from a qualified financial advisor.
FAQs
Is MMTC Debt free company?
In the past year, MMTC has reduced its debt significantly and now the debt-to-equity ratio stands at 0.03 down from 13.19 a year ago.
When is it right to invest in MMTC shares?
MMTC has been in a sideways market trend for too long. 70/- is a resistance if it closes with a volume above 70/- and holds for an hour you should enter the stock with strict stop loss as per your risk appetite.
What is the target of MMTC share?
If MMTC share holds above 70 then we can expect it to reach 180/- within a short span of time.
Hi there, my name is Shivani and I’m the founder of Fuelcoin and co-founder of Thefinanceopedia. I created this blog to share my knowledge and experience in cryptocurrency, banking, personal finance, and the stock market, and to help others build wealth.
