Buy Campus Activewear, target price Rs 570: JM Financial

JM Financial has buy call on Campus Activewear with a target price of Rs 570. The current market price of Campus Activewear is Rs 546.5. Time period given by analyst is one year when Campus Activewear Ltd. price can reach defined target.

Campus Activewear Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 16763.80 Crore) operating in General sector.

Campus Activewear Ltd. key Products/Revenue Segments include Leather & Leather Goods and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 338.26 Crore, down -4.07 % from last quarter Total Income of Rs 352.63 Crore and up 147.88 % from last year same quarter Total Income of Rs 136.46 Crore. Company reported net profit after tax of Rs 28.66 Crore in latest quarter.

Investment Rationale
With execution machinery in place, the stock provides troika of growth, profitability, and improving cash flows, which the brokerage believes justifies its premium valuation. It initiates coverage with a DCF-based target price of INR 570/share. BUY.

Promoter/FII Holdings
Promoters held 74.1 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.27 per cent, DIIs 6.59 per cent.