Buy CCL Products India, target price Rs 584: Centrum Broking

Centrum Broking has buy call on CCL Products India with a target price of Rs 584. The current market price of CCL Products India Ltd. is Rs 500.7.

CCL Products India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 6660.71 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-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 506.83 Crore, down -.52 % from last quarter Total Income of Rs 509.51 Crore and up 50.47 % from last year same quarter Total Income of Rs 336.83 Crore. Company reported net profit after tax of Rs 57.79 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.26 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.8 per cent, DIIs 21.85 per cent.