Buy DOMS Industries, target price Rs 2620: Axis Securities

Axis Securities has buy call on DOMS Industries with a target price of Rs 2620. The current market price of DOMS Industries Ltd. is Rs 2430.35.

DOMS Industries Ltd., incorporated in the year 2006, is a Small Cap company (having a market cap of Rs 14608.63 Crore) operating in Paper sector.

DOMS Industries Ltd. key Products/Revenue Segments include Stationery, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 450.58 Crore, up 10.06 % from last quarter Total Income of Rs 409.41 Crore and up 18.37 % from last year same quarter Total Income of Rs 380.63 Crore. Company reported net profit after tax of Rs 54.30 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.96 per cent stake in the company as of 30-Jun-2024, while FIIs owned 6.55 per cent, DIIs 15.11 per cent.