Buy Mishra Dhatu Nigam, target price Rs 274: ICICI Securities

ICICI Securities has buy call on Mishra Dhatu Nigam with a target price of Rs 274. The current market price of Mishra Dhatu Nigam is Rs 168.6. Time period given by analyst is one year when Mishra Dhatu Nigam Ltd. price can reach defined target.

Mishra Dhatu Nigam Ltd., incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 3120.15 Crore) operating in Metals - Ferrous sector.

Mishra Dhatu Nigam Ltd. key Products/Revenue Segments include Steel Alloys, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 239.54 Crore, up 26.06 % from last quarter Total Income of Rs 190.02 Crore and up 23.14 % from last year same quarter Total Income of Rs 194.53 Crore. Company reported net profit after tax of Rs 42.88 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.25 per cent, DIIs 14.28 per cent.