Buy CCL Products India, target price Rs 434: HDFC Securities

HDFC Securities has buy call on CCL Products India with a target price of Rs 434. The current market price of CCL Products India is Rs 403.7. Time period given by analyst is Intra Day when CCL Products India Ltd. price can reach defined target.

CCL Products India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 5373.00 Crore) operating in Tea / Coffee sector.

CCL Products India Ltd. key Products/Revenue Segments include Coffee and Other Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 379.47 Crore, down -10.42 % from last quarter Total Income of Rs 423.59 Crore and up 13.43 % from last year same quarter Total Income of Rs 334.55 Crore. Company reported net profit after tax of Rs 52.70 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.26 per cent stake in the company as of 31-Mar-2022, while FIIs owned 8.19 per cent, DIIs 19.44 per cent.