Buy Kirloskar Brothers, target price Rs 2,049: HDFC Securities

HDFC Securities has buy call on Kirloskar Brothers with a target price of Rs 2,049. The current market price of Kirloskar Brothers is Rs 1,847.7.
Kirloskar Brothers incorporated in the year 1920, is a Small Cap company (having a market cap of Rs 14,654.52 Crore) operating in Irrigation & Allied Services sector.

Kirloskar Brothers key Products/Revenue Segments include Pumps, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.


Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 1,046.20 crore, down -16.97 % from last quarter Total Income of Rs 1,260.10 crore and up 15.60% from last year same quarter Total Income of Rs 905.00 crore. Company has reported net profit after tax of Rs 70.70 crore in latest quarter.

Promoter/FII Holdings

Promoters held 65.95% stake in the company as of 30-Jun-2024, while FIIs owned 5.02%, DIIs 9.87%.