Buy Shyam Metalics and Energy, target price Rs 815: ICICI Securities
Shyam Metalics and Energy with a target price of Rs 815. The current market price of Shyam Metalics and Energy Ltd. is Rs 622.5.
Shyam Metalics and Energy Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 17402.48 Crore) operating in Metals — Ferrous sector.
Shyam Metalics and Energy Ltd. key Products/Revenue Segments include Steel, Sale of services, Miscellaneous, Export Incentives, Power for the year ending 31-Mar-2023.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 3355.21 Crore, up 12.63 % from last quarter Total Income of Rs 2978.93 Crore and up 13.38 % from last year same quarter Total Income of Rs 2959.27 Crore. Company reported net profit after tax of Rs 125.77 Crore in latest quarter.
Promoter/FII Holdings Promoters held 81.62 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.98 per cent, DIIs 3.72 per cent.
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