Sell India Cements, target price Rs 130: ICICI Securities
India Cements with a target price of Rs 130. The current market price of India Cements Ltd. is Rs 284.65.
India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 8810.38 Crore) operating in Cement sector.
India Cements Ltd. key Products/Revenue Segments include Cement, Ready Mix Concrete, Clinker, Other Operating Revenue, Traded Goods and Power Generation for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1286.86 Crore, up 9.63 % from last quarter Total Income of Rs 1173.84 Crore and down -13.85 % from last year same quarter Total Income of Rs 1493.66 Crore. Company reported net profit after tax of Rs -50.06 Crore in latest quarter.
Promoter/FII Holdings Promoters held 28.42 per cent stake in the company as of 31-Mar-2024, while FIIs owned 13.27 per cent, DIIs 8.46 per cent.
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