Buy Dalmia Bharat, target price Rs 2205: HDFC Securities

HDFC Securities has buy call on Dalmia Bharat with a target price of Rs 2205. The current market price of Dalmia Bharat Ltd. is Rs 1866.15.

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 34983.26 Crore) operating in Cement sector.

Dalmia Bharat Ltd. key Products/Revenue Segments include Income From Management Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 4427.00 Crore, up 20.82 % from last quarter Total Income of Rs 3664.00 Crore and up 11.99 % from last year same quarter Total Income of Rs 3953.00 Crore. Company has reported net profit after tax of Rs 320.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.84 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.37 per cent, DIIs 12.55 per cent.