Buy J Kumar Infraprojects, target price Rs 364: HDFC Securities

HDFC Securities has buy call on J Kumar Infraprojects with a target price of Rs 364. The current market price of J Kumar Infraprojects is Rs 324.3. Time period given by analyst is one year when J Kumar Infraprojects Ltd. price can reach defined target.

J Kumar Infraprojects Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 2475.78 Crore) operating in Infrastructure sector.

J Kumar Infraprojects Ltd. key Products/Revenue Segments include Contract Revenue, Ready Mix Concrete, Other Sales and Other Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 999.49 Crore, down -10.98 % from last quarter Total Income of Rs 1122.74 Crore and up 46.94 % from last year same quarter Total Income of Rs 680.22 Crore. Company reported net profit after tax of Rs 61.91 Crore in latest quarter.

The company’s top management includes Mr.Jagdishkumar M Gupta, Mr.Kamal J Gupta, Mr.Nalin J Gupta, Mr.P P Vora, Dr.R Srinivasan, Mr.Padam Prakash Jain, Mrs.Archana Surendra Yadav. Company has Todi Tulsyan & Co. as its auditors. As on 30-06-2022, the company has a total of 8 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 46.65 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.44 per cent, DIIs 13.24 per cent.