Add Orient Cement, target price Rs 191: ICICI Securities

ICICI Securities has add call on Orient Cement with a target price of Rs 191. The current market price of Orient Cement Ltd. is Rs 130.5. Time period given by analyst is one year when Orient Cement Ltd. price can reach defined target.

Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 2618.22 Crore) operating in Cement sector.

Orient Cement Ltd. key Products/Revenue Segments include Cement, Scrap and Power for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 620.01 Crore, up .63 % from last quarter Total Income of Rs 616.12 Crore and up 1.31 % from last year same quarter Total Income of Rs 611.98 Crore. Company reported net profit after tax of Rs 43.67 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.37 per cent stake in the company as of 31-Dec-2021, while FIIs owned 6.64 per cent, DIIs 15.41 per cent.