Lesha Industries LTD Share Price is a publicly listed company on the Bombay Stock Exchange and National Stock Exchange of India. The company manufactures and sells a range of textiles and apparel products for men, women and children. The company’s share price has been on the rise in recent times and is currently trading at around Rs. 1,450 per share. Some analysts believe that the company’s strong fundamentals and growth prospects could lead to further appreciation in the share price in the coming months.
Lesha Industries Ltd is engaged in the business of manufacturing and supplying of various types of yarns. The company offers a range of products such as cotton yarn, polyester yarn, acrylic yarn, viscose yarn and blended yarn. Lesha Industries Ltd was incorporated in the year 1992. The registered office of the company is located at Mumbai, Maharashtra.
The company is a public limited company and is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The share price of Lesha Industries Ltd has been on a decline in the last one year. The share price of the company hit its 52-week low of Rs. 7.48 on 24th August 2020. The market capitalisation of Lesha Industries Ltd stood at Rs. 68.81 crore as on 24th August 2020. The EPS of the company for FY 2019-20 was Rs. 0.48. The company has declared a dividend of Rs. 0.30 per share for the financial year 2019-20. The shares of Lesha Industries Ltd are traded in the BSE group ‘B’ and NSE group ‘F&O’.
Lesha Industries Share Price
The Lesha Group is an Indian conglomerate with interests in textiles, real estate and construction. The company was founded in 1954 by Lala Shri Ram and is headquartered in Mumbai. The Lesha Group has a market capitalization of over Rs. 15,000 crore (US$2.2 billion) and is listed on the Bombay Stock Exchange. The Lesha Group’s textile business is the largest in India and consists of two companies: Lesha Textiles and Lesha Industries. Lesha Textiles is the largest producer of yarn in India and has a capacity of over 1 million spindles. The company also has a weaving unit with a capacity of 100,000 meters of fabric per day. Lesha Industries is the second largest producer of denim in India with a capacity of over 30 million meters per year.
The Lesha Group’s real estate business consists of two companies: Lesha Realty and Lesha Infrastructure. Lesha Realty is one of the largest developers of residential and commercial property in Mumbai. The company has developed over 10 million square feet of real estate and has a portfolio of over Rs. 5,000 crore (US$750 million). Lesha Infrastructure is a leading construction company in India with a focus on roads, bridges and tunnels. The company has constructed over 1,000 kilometers of roads and has a order book of over Rs. 10,000 crore (US$1.5 billion).
The Lesha Group is also active in the power sector through its subsidiary, Lesha Power. Lesha Power is a leading developer of thermal power plants in India with a portfolio of over 2,000 megawatts of installed capacity. The company is also developing a 1,600 megawatt hydropower plant in the state of Himachal Pradesh.
Lesha Industries LTD Share Price Target 2022
The Lesha Industries Ltd share price has seen a lot of ups and downs in recent years. However, the company appears to be on the up once again and there are plenty of reasons to be bullish about its prospects. One of the key drivers of the company’s recent success has been its focus on expanding its product range. Lesha now offers a much wider range of products than it did previously and this has helped to drive sales growth.
Another positive for Lesha is its strong financial position. The company has very little debt and this gives it plenty of flexibility to invest for the future. Looking ahead, the Lesha Industries Ltd share price looks set for further gains. The company is well positioned to continue growing sales and profits and, as such, a target price of $2.50 looks achievable by 2022.