Buy JMC Projects (India), target price Rs 142: HDFC Securities

HDFC Securities has buy call on JMC Projects (India) with a target price of Rs 142. The current market price of JMC Projects (India) is Rs 73.85. Time period given by analyst is one year when JMC Projects (India) Ltd. price can reach defined target.

JMC Projects (India) Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 1231.58 Crore) operating in Construction sector.

JMC Projects (India) Ltd. key Products/Revenue Segments include Contract Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1627.73 Crore, up 16.05 % from last quarter Total Income of Rs 1402.57 Crore and up 16.01 % from last year same quarter Total Income of Rs 1403.14 Crore. Company reported net profit after tax of Rs 58.48 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.75 per cent stake in the company as of 31-Mar-2022, while FIIs owned 1.0 per cent, DIIs 19.37 per cent.