Buy Navneet Education, target price Rs 182: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Navneet Education with a target price of Rs 182. The current market price of Navneet Education Ltd. is Rs 166.3.

Navneet Education Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 3608.10 Crore) operating in Paper sector.

Navneet Education Ltd. key Products/Revenue Segments include Paper Stationery & Books, Waste/Scrap, Export Incentives, Sale of services, Other Operating Revenue and Power Generation for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 439.87 Crore, up 67.99 % from last quarter Total Income of Rs 261.84 Crore and up 6.44 % from last year same quarter Total Income of Rs 413.27 Crore. Company reported net profit after tax of Rs 54.15 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 63.31 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.67 per cent, DIIs 12.45 per cent.