Modern Engineering and Projects Ltd. is an Indian construction and infrastructure development company, incorporated in 1946 and headquartered in Mumbai, Maharashtra, India. The company holds a 67.83Cr market capitalization with a 21.20 PE ratio. It is mainly involved in roads, flyovers, and bridge constructions.
This article concerns share price targets for the next 10 to 15 years based on technical analysis, fundamental goals, and past performance. The estimated Modern Engineering and Projects share price target 2024 to 2030, and 2035 are shown below.
Overview
Name: Modern Engineering and Projects Ltd.
Headquarters: Mumbai, Maharashtra India.
Founded: 1946
Industry: Construction and Infrastructure Development Industry
Table of Contents
Modern Engineering and Projects Ltd. share price target 2024 to 2030 and 2035
Modern Engineering Share Price Targets are: 2024 – 39.80 to 49.20, 2025 – 55 to 84, 2026 – 169 to 180, 2027 – 250 to 325, 2028 – 496 to 610, 2029 – 780 to 950, 2030 – 1120 to 1352 and price forecasted 3568 to 4050 by 2035.
| Year | First target | Second target |
| 2024 | 39.80 | 49.20 |
| 2025 | 55 | 84 |
| 2026 | 169 | 180 |
| 2027 | 250 | 325 |
| 2028 | 496 | 610 |
| 2029 | 780 | 950 |
| 2030 | 1120 | 1352 |
| 2035 | 3568 | 4050 |
Modern Engineering Financials
| Particulars (₹ cr) | 2021 | 2022 | 2023 | 2024 | CAGR |
| Total revenue | 0.08 | 1.40 | 69.43 | 93.84 | 954% |
| Gross Profit | -0.05 | -3.08 | -2.81 | 6.69 | -45.15% |
| Expense | 0.13 | 4.49 | 72.24 | 87.15 | 775% |
| Profit Growth (PAT) | -0.05 | -2.99 | -2.64 | 3.63 | -24.95% |
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Modern Engineering Shareholdings
Modern Engineering share price target 2024
The BSE listed Modern Engineering under MEAPL. The company’s closing share price as of December 13, 2024, was 43.90. This is not a fixed share price; it fluctuates every second in the open market.
Modern Engineering share price target 2024 is 39.80 as the first target and 49.20 as the second target
| Month | First target | Second target |
| November | 35.10 | 40 |
| December | 39.80 | 49.20 |
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Modern Engineering share price target 2025
Modern Engineering is working on 8-laning an existing 4-lane project from Vadape to Thane, which was done by agreement as of June 16, 2021. The company’s construction underground sewerage at Khopoli is in process.
Modern Engineering forecasted share value for the beginning of 2025 is 55. The semi-annual price forecast may rise to 66 in a positive market sentiment. The price at the end of the year is forecast at 84.
| Month | First target | Second target |
| January | 50 | 55 |
| May | 66 | 70 |
| September | 72 | 75 |
| December | 80 | 84 |
Modern Engineering share price target 2026
Modern Engineering initial forecasted share value for the beginning of 2026 is 169. The semi-annual price forecast may rise to 175 in a positive market sentiment. The price at the end of the year is forecast at 180.
| Month | First target | Second target |
| January | 90 | 105 |
| May | 133 | 145 |
| September | 175 | 177 |
| December | 174 | 180 |
Modern Engineering share price target 2027
Revenue has grown by 35.15% YoY, and expenses increased by 20.63%. The company submitted standalone profit growth(PAT) of Rs. 3.63 crore in the financial year 2024 compared to Rs. -2.64 crore in the financial year 2023. since last year company is generating good profit ratio. Looking at these highlights, we assume the Modern Engineering share price target for 2027 is 250 at the beginning, 290 at the middle of the year, and 325 at the end of the year.
| Month | First target | target |
| January | 190 | 220 |
| May | 225 | 233 |
| September | 250 | 290 |
| December | 306 | 325 |
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Modern Engineering share price target 2028
Modern Engineering share price target 2028 is 496 at the start of the financial year. The price was forecast at 550 in the middle of the year with some price consolidation for some months, and the projected share price is 610 at the end of the year.
| Month | First target | Second target |
| January | 335 | 380 |
| May | 405 | 455 |
| September | 496 | 550 |
| December | 588 | 610 |
Modern Engineering share price target 2029
Modern Engineering share price target 2029 is expected to reach 780 to 950, with some consolidation zones. The initial forecasted share value for the beginning of the year is 780. The semi-annual price forecast may rise to 842 in a positive market sentiment. The price at the end of 2029 is forecast at 920 to 950.
| Month | First target | Second target |
| January | 645 | 668 |
| May | 780 | 806 |
| September | 842 | 895 |
| December | 920 | 950 |
Modern Engineering share price target 2030
The initial price target of Modern Engineering is 1120 at the beginning of the year 2030. The half-yearly price forecast can rise to 1258 in a positive market situation. The price at the end of the year is forecast to 1352.
| Month | First target | Second target |
| January | 1050 | 1093 |
| May | 1120 | 1136 |
| September | 1196 | 1258 |
| December | 1325 | 1352 |
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Modern Engineering share price target 2035
Depending on company economics and sector demand and supply with a favorable trend pattern, we may assume the target price of Modern Engineering share price target 2035 to be 3568 at the beginning of the year, 3852 at the middle of the year, and 4050 at the end of the financial year.
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Factors Fueling Modern Engineering’s Continued Growth
- Prioritize Large-Scale Infrastructure Programs
- Modern engineering secures high-value contracts through infrastructure projects like roads and bridges, ensuring steady revenue over time.
- Government attention on Infrastructure Development
- Companies such as Modern Engineering and Projects profit from India’s infrastructure push, driven by initiatives like the National Infrastructure Pipeline (NIP), Pradhan Mantri Awas Yojana, and Smart Cities Mission, increasing demand for construction services.
What is Modern Engineering?
Modern Engineering and Projects Ltd. is an Infrastructure development company in India, incorporated in 1946. headquartered in Mumbai, Maharashtra, India.
What is Modern Engineering share price target for 2024?
Modern Engineering share price target 2024 is 205 as the first target and 258 as the second target.
What is Modern Engineering share price target for 2025?
Modern Engineering share price target 2025 is 55 as the first target and 84 as the second target.
Conclusion
This article presents Modern Engineering share price targets for 2024 to 2030 and 2035. These targets are mentioned based on the company’s fundamental records, including its cash flow, profit margin, debt statements, revenue, and earnings. and based on market trends, economic data, sector performance, market news, company new launches, etc. Forecasted prices may differ in the future as they are not guaranteed numbers depending on market news, corporate announcements such as stock splits, bonus shares, offers for sale, dividends, and global market fluctuations.
Investors aiming to take advantage of Modern Engineering’s possibilities will have to monitor the organization’s developing business tactics, technological progress, and market situations in the upcoming years.
This format focuses on Modern Engineering ’s share price target and long-term growth expectations, helping readers understand the factors influencing the stock from 2024 to 2030. Investing and trading in financial markets carries considerable risks, including possibly losing principal. Previous performance does not guarantee future outcomes, and market conditions may shift quickly. Consider it a proposed level of guidance and not a recommendation. The stock market has high risk and unpredictable moves; invest with your risk appetit