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CCL Products (India) Ltd Share Price Target 2024, 2025 to 2030

September 21, 2024 By Ashnoor Khurana Leave a Comment

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CCL Products (India) Limited, established in 1994, is a global leader in the coffee industry, recognized as the largest exporter of instant coffee and a prominent private-label manufacturer. The company exports its diverse range of coffee products, including spray-dried, freeze-dried, agglomerated, roast, and ground coffee, to over 90 countries. Operating under its Continental brand, CCL offers blends tailored to various preferences. With state-of-the-art manufacturing facilities, the company ensures high-quality production standards. Led by Mr. Challa Rajendra Prasad, Executive Chairman, and Mr. Challa Srishant, Managing Director, CCL has been instrumental in placing Indian soluble coffee on the global stage.

Recent News on CCL Products (India) Ltd

CCL Products (India) Limited recently made significant announcements, reflecting its robust growth and shareholder commitment. At its Annual General Meeting held on September 20, 2024, the company approved a final dividend of ₹2.00 per equity share for the financial year 2023-24, reinforcing its focus on delivering value to shareholders. In addition, LKP Securities has issued a buy recommendation on CCL Products with a target price of ₹881, signaling confidence in the company’s future performance. Currently, the stock trades around ₹750.15. Further boosting its growth prospects, CCL Products has revealed plans for an ₹800 crore expansion to enhance its production capabilities, positioning itself for sustained global leadership in the coffee sector.

Shareholding Patterns of CCL Products (India)

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoters + 46.26% 46.26% 46.26% 46.26% 46.09%
FIIs + 7.70% 7.75% 7.77% 8.12% 9.76%
DIIs + 21.05% 21.39% 21.44% 21.73% 20.57%
Public + 24.99% 24.61% 24.54% 23.89% 23.60%
No. of Shareholders 60,918 64,003 61,202 55,495 58,890

The shareholding pattern of CCL Products (India) Limited has remained relatively stable, with slight variations across different investor categories from June 2023 to June 2024.

Promoters’ stake has consistently been around 46.26% from June 2023 to March 2024, with a small decline to 46.09% by June 2024. This indicates a marginal reduction in their holdings over the period.

Foreign Institutional Investors (FIIs) showed a steady increase in their shareholding, starting at 7.70% in June 2023 and rising to 9.76% by June 2024, reflecting growing interest from international investors.

Domestic Institutional Investors (DIIs) also maintained a stable shareholding, although there was a slight decline from 21.73% in March 2024 to 20.57% in June 2024, after peaking at 21.44% in December 2023.

The Public shareholding decreased slightly throughout the year, dropping from 24.99% in June 2023 to 23.60% by June 2024, indicating a small shift in public ownership.

The number of shareholders varied over this period, with a high of 64,003 in September 2023 and a dip to 55,495 in March 2024, before rebounding to 58,890 by June 2024. This fluctuation suggests changes in retail investor participation over time.

How to buy CCL Products (India) Limited Shares in India?

Below are the trading platforms that you can use to purchase CCL Products (India) Limited shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

CCL Products (India) Limited Share Price Target: 2024 To 2030

CCL Products (India) Limited Share Price Target 2024

When Maximum Price Minimum Price
October 2024 815.25 708.92
November 2024 847.86 737.27
December 2024 856.34 744.65

In October 2024, CCL Products (India) is expected to reach a maximum price of ₹815.25, with a minimum price of ₹708.92. Moving into November 2024, projections indicate a maximum price of ₹847.86 and a minimum price of ₹737.27. By December 2024, CCL Products (India) is anticipated to achieve a maximum price of ₹856.34 and a minimum price of ₹744.65. Overall, the year is expected to showcase a positive price trend for CCL Products (India).

CCL Products (India) Limited Share Price Prediction 2025

When Maximum Price Minimum Price
January 2025 864.91 665.31
February 2025 873.64 672.03
March 2025 891.99 686.15
April 2025 883.16 679.35
May 2025 857.43 659.57
June 2025 896.02 689.25
July 2025 878.45 675.73
August 2025 905.62 696.63
September 2025 916.49 704.99
October 2025 940.31 723.32
November 2025 963.82 741.40
December 2025 1,007.19 774.77

As we step into 2025, CCL Products (India) is projected to reach a maximum price of ₹864.91 in January, with a minimum of ₹665.31. Prices are expected to rise throughout the year, peaking at ₹1,007.19 in December, with a minimum of ₹774.77.

CCL Products (India) Limited Share Price Prediction 2026

When Maximum Price Minimum Price
January 2026 1,037.41 798.01
February 2026 1,011.48 778.06
March 2026 1,031.70 793.62
April 2026 1,052.76 809.82
May 2026 1,042.34 801.80
June 2026 1,068.39 821.84
July 2026 1,047.45 805.73
August 2026 1,079.84 830.65
September 2026 1,101.44 847.26
October 2026 1,130.08 869.29
November 2026 1,158.33 891.02
December 2026 1,187.29 913.30

CCL Products (India) Limited Share Price Target 2027

When Maximum Price Minimum Price
January 2027 1,199.16 922.43
February 2027 1,229.91 946.08
March 2027 1,277.87 982.98
April 2027 1,252.82 963.70
May 2027 1,216.33 935.64
June 2027 1,271.06 977.74
July 2027 1,246.14 958.57
August 2027 1,284.68 988.21
September 2027 1,329.64 1,022.80
October 2027 1,364.21 1,049.39
November 2027 1,398.32 1,075.63
December 2027 1,433.28 1,102.52

CCL Products (India) Limited Share Price Target 2028

When Maximum Price Minimum Price
January 2028 1,461.94 1,124.57
February 2028 1,499.43 1,153.41
March 2028 1,557.91 1,198.39
April 2028 1,527.36 1,174.89
May 2028 1,482.87 1,140.67
June 2028 1,549.60 1,192.00
July 2028 1,519.22 1,168.63
August 2028 1,566.20 1,204.77
September 2028 1,621.02 1,246.94
October 2028 1,663.17 1,279.36
November 2028 1,704.75 1,311.34
December 2028 1,747.36 1,344.13

CCL Products (India) Limited Share Price Target 2029

When Maximum Price Minimum Price
January 2029 1,782.31 1,371.01
February 2029 1,828.01 1,406.16
March 2029 1,899.30 1,461.00
April 2029 1,862.06 1,432.36
May 2029 1,807.83 1,390.64
June 2029 1,889.18 1,453.22
July 2029 1,852.14 1,424.72
August 2029 1,909.42 1,468.78
September 2029 1,976.25 1,520.19
October 2029 2,027.63 1,559.72
November 2029 2,078.32 1,598.71
December 2029 2,130.28 1,638.68

CCL Products (India) Limited Share Price Target 2030

When Maximum Price Minimum Price
January 2030 2,172.89 1,671.45
February 2030 2,228.60 1,714.31
March 2030 2,315.52 1,781.17
April 2030 2,270.12 1,746.24
May 2030 2,204.00 1,695.38
June 2030 2,303.18 1,771.67
July 2030 2,258.01 1,736.93
August 2030 2,327.85 1,790.65
September 2030 2,409.33 1,853.33
October 2030 2,471.97 1,901.51
November 2030 2,533.77 1,949.05
December 2030 2,597.11 1,997.78

As we approach 2030, CCL Products (India) is anticipated to see a maximum price of ₹2,172.89 in January, with a minimum of ₹1,671.45. Throughout the year, prices are expected to rise steadily, reaching a peak of ₹2,597.11 in December, with a minimum of ₹1,997.78.

Financial Condition of CCL Products (India) Limited: Last 5 Years

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Sales + 1,139 1,242 1,462 2,071 2,654 2,772
Expenses + 853 945 1,131 1,671 2,208 2,303
Operating Profit 286 298 331 400 445 469
OPM % 25% 24% 23% 19% 17% 17%
Other Income + 4 3 4 3 6 7
Interest 18 17 16 34 78 84
Depreciation 47 49 57 64 98 98
Profit before tax 225 235 261 305 276 294
Tax % 26% 22% 22% 7% 9%
Net Profit + 166 182 204 284 250 261
EPS in Rs 12.47 13.7 15.36 21.35 18.73 19.56
Dividend Payout % 40% 29% 33% 21% 24%

CCL Products (India) Limited has demonstrated impressive financial growth over the past five years. From March 2020 to March 2024, sales surged from ₹1,139 crore to ₹2,654 crore, indicating a strong demand for its coffee products. Despite rising expenses, which increased from ₹853 crore to ₹2,208 crore, the company maintained solid operational efficiency, reflected in its operating profit of ₹445 crore and an operating profit margin (OPM) of 17%.

Net profit showed resilience, reaching ₹250 crore in March 2024, although it faced a slight decline from the previous year’s peak of ₹284 crore. Earnings per share (EPS) increased from ₹12.47 to ₹18.73 over the same period, showcasing improved profitability for shareholders. The dividend payout percentage fluctuated, settling at 24% in 2024, demonstrating a cautious but steady approach to returning value to shareholders.

While interest expenses rose significantly, the company effectively managed its finances, maintaining a profit before tax of ₹276 crore in 2024. Overall, CCL Products reflects a robust financial condition, with continued growth potential in the competitive coffee market.

FAQs

What is the current market capitalization of CCL Products (India) Ltd?

As of September 21st, 2024, the market cap is quite strong, standing at ₹10,114 Crores.

What is the current share price of CCL Products (India)?

CCL Products (India)’s shares are currently trading at ₹757 as of September 21st, 2024.

What is the share price target for CCL Products (India) in 2025?

Looking ahead, the share price is expected to range between ₹659.57 to ₹1,007.19 by 2025.

What is the share price target for CCL Products (India) in 2030?

The long-term outlook is optimistic, with a projected range of ₹1,997.78 to ₹2,597.11 by December 2030.

What is the current Price-to-Earnings (PE) ratio of CCL Products (India)?

Currently, the stock’s PE ratio is at a reasonable 38.8.

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Conclusion

In summary, CCL Products (India) Limited demonstrates a strong financial performance, highlighted by substantial sales growth from ₹1,139 crore in March 2020 to ₹2,654 crore in March 2024. Despite a significant increase in expenses to ₹2,208 crore, the company achieved an operating profit of ₹445 crore and a net profit of ₹250 crore, showcasing its ability to navigate rising costs effectively. The recent declaration of a ₹2.00 final dividend and an ambitious ₹800 crore expansion plan reflect its dedication to enhancing shareholder value and production capacity. Furthermore, LKP Securities’ favorable buy recommendation boosts investor confidence. With its strategic presence in the global coffee industry, CCL Products is well-positioned for ongoing growth and success.

Ashnoor Khurana

Filed Under: Price Target Tagged With: CCL Products (India) Ltd Share Price Target

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