Buy Kirloskar Ferrous Industries, target price Rs 760: JM Financial

JM Financial has buy call on Kirloskar Ferrous Industries with a target price of Rs 760. The current market price of Kirloskar Ferrous Industries is Rs 691.3.

Kirloskar Ferrous Industries Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 6303.78 Crore) operating in Metals - Ferrous sector.

Kirloskar Ferrous Industries Ltd. key Products/Revenue Segments include Pig iron, Castings, By Products, Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1559.67 Crore, up 1.43 % from last quarter Total Income of Rs 1537.62 Crore and up 3.50 % from last year same quarter Total Income of Rs 1506.93 Crore. Company reported net profit after tax of Rs 69.75 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 56.45 per cent stake in the company as of 30-Jun-2024, while FIIs owned 1.98 per cent, DIIs 12.49 per cent.