Add Orient Cement, target price Rs 130: ICICI Securities

ICICI Securities has add call on Orient Cement with a target price of Rs 130. The current market price of Orient Cement Ltd. is Rs 124.75.

Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 2519.89 Crore) operating in Cement sector.

Orient Cement Ltd. key Products/Revenue Segments include Cement, Scrap and Power for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 715.15 Crore, down -11.26 % from last quarter Total Income of Rs 805.85 Crore and up 3.20 % from last year same quarter Total Income of Rs 693.00 Crore. Company reported net profit after tax of Rs 37.42 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 37.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.83 per cent, DIIs 13.32 per cent.