Buy Kalpataru Power Transmissions, target price Rs 565: Emkay Global

Emkay Global has buy call on Kalpataru Power Transmissions Ltd. with a target price of Rs 565. The current market price of Kalpataru Power Transmissions Ltd. is Rs 520.1.

Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 7560.87 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 30-09-2022, the company reported a Consolidated Total Income of Rs 3808.00 Crore, up 3.17 % from last quarter Total Income of Rs 3691.00 Crore and up 6.88 % from last year same quarter Total Income of Rs 3563.00 Crore. Company reported net profit after tax of Rs 98.00 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.