ICICI Direct has buy call on PCBL with a target price of Rs 160. The current market price of PCBL Ltd. is Rs 112.3.
Time period given by analyst is one year when PCBL Ltd. price can reach defined target.
Time period given by analyst is one year when PCBL Ltd. price can reach defined target.
PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2115.68 Crore) operating in Tyres sector.
PCBL Ltd. key Products/Revenue Segments include Carbon Black, Power and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1230.97 Crore, up 5.65 % from last quarter Total Income of Rs 1165.09 Crore and up 40.22 % from last year same quarter Total Income of Rs 877.91 Crore. Company reported net profit after tax of Rs 88.26 Crore in latest quarter.
Investment Rationale
Revising estimates and rolling over valuations to FY24E, the brokerage values PCBL at unchanged target price of Rs 160 i.e. 12x P/E on FY24E EPS
Promoter/FII Holdings
Promoters held 51.38 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.46 per cent, DIIs 5.17 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
