Add Dalmia Bharat, target price Rs 1750: ICICI Securities

ICICI Securities has add call on Dalmia Bharat with a target price of Rs 1750. The current market price of Dalmia Bharat is Rs 1605.05.

Time period given by analyst is one year when Dalmia Bharat Ltd. price can reach defined target.

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 30265.66 Crore) operating in Cement sector.


Dalmia Bharat Ltd. key Products/Revenue Segments include Income From Management Services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3324.00 Crore, down -3.18 % from last quarter Total Income of Rs 3433.00 Crore and up 27.11 % from last year same quarter Total Income of Rs 2615.00 Crore. Company reported net profit after tax of Rs 188.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.01 per cent, DIIs 5.84 per cent.