Buy Jay Bharat Maruti, target price Rs 161: HDFC Securities

HDFC Securities has buy call on Jay Bharat Maruti with a target price of Rs 161.0. The current market price of Jay Bharat Maruti Ltd. is Rs 138.6.

Jay Bharat Maruti Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 1507.92 Crore) operating in Auto Ancillaries sector.

Jay Bharat Maruti Ltd. key Products/Revenue Segments include Sheet Metal Components, Assemblies & Sub-assemblies Assembly, Other Operating Revenue and Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 613.66 Crore, up 14.98 % from last quarter Total Income of Rs 533.69 Crore and up 5.46 % from last year same quarter Total Income of Rs 581.86 Crore. Company reported net profit after tax of Rs 8.54 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.35 per cent stake in the company as of 31-Dec-2023, while FIIs owned 3.63 per cent, DIIs 0.02 per cent.