Buy Kalpataru Power, target price Rs 471: HDFC Securities

HDFC Securities has buy call on Kalpataru Power Transmissions with a target price of Rs 471. The current market price of Kalpataru Power Transmissions is Rs 374.75. Time period given by analyst is one year when Kalpataru Power Transmissions Ltd. price can reach defined target.

Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 5575.91 Crore) operating in Power sector.

Kalpataru Power Transmissions Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Scrap, Other Operating Revenue, Export Incentives and Others for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3691.00 Crore, down -11.47 % from last quarter Total Income of Rs 4169.00 Crore and up 14.70 % from last year same quarter Total Income of Rs 3218.00 Crore. Company reported net profit after tax of Rs 88.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.55 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.39 per cent, DIIs 35.98 per cent.