Buy Kalpataru Power Transmissions, 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 Ltd. is Rs 355.35. 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 5296.70 Crore) operating in Power sector.

Kalpataru Power Transmissions Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Others, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2020.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 4169.00 Crore, up 6.46 % from last quarter Total Income of Rs 3916.00 Crore and up 1.58 % from last year same quarter Total Income of Rs 4104.00 Crore. Company reported net profit after tax of Rs 115.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.58 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.31 per cent, DIIs 35.79 per cent.