Home Buisness Market Insight Buy Kirloskar Ferrous Industries, target price Rs. 760: JM Financial

Buy Kirloskar Ferrous Industries, target price Rs. 760: JM Financial

Buy Kirloskar Ferrous Industries, target price Rs. 760: JM Financial

JM Financial on Kirloskar Ferrous Industries for Rs. A buy call has been made with a target price of 760. The current market price of Kirloskar Ferrous Industries is Rs. is 691.3.

Kirloskar Ferrous Industries Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 6303.78 Crore) operating in the Metals – Ferrous sector.

Key Products/Revenue Segments of Kirloskar Ferrous Industries Ltd. include Pig Iron, Castings, By Products, Scrap for the year ending 31-Mar-2023.

Financial
For the quarter ended 30-06-2024, the company reported Rs. 1559.67 crore reported a consolidated total revenue, up from last quarter’s Rs. 1537.62 crores higher than the total revenue of 1.43% and 3.50% higher than the total revenue of Rs.53.53 crores in the same quarter last year. The company reported a net profit after tax of Rs 69.75 crore in the latest quarter.

Promoter/FII Holdings
As on 30-Jun-2024, promoters held 56.45 per cent stake in the company, while FIIs held 1.98 per cent, DIIs 12.49 per cent.

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