Time period given by analyst is one year when TTK Prestige Ltd. price can reach defined target.
TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 12174.47 Crore) operating in Consumer Durables sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 603.39 Crore, down -17.84 % from last quarter Total Income of Rs 734.37 Crore and up 42.12 % from last year same quarter Total Income of Rs 424.57 Crore. Company reported net profit after tax of Rs 85.36 Crore in latest quarter.
Investment Rationale
The brokerage models TTK Prestige to report PAT CAGR of 16.5% over FY21-FY23E and RoE to be >16% over FY22-23. It remains positive on the company’s business model due to market leadership in key business segments and competitive advantages. It maintains ADD rating on the stock with a DCF-based target price of Rs 9,200 (implied P/E 40x FY23E; Earlier TP-Rs9,000).
Promoter/FII Holdings
Promoters held 70.4 per cent stake in the company as of March 31, 2021, while FIIs held 10.3 per cent, DIIs 12.3 per cent and public and others 7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.