Buy Orient Cement, target price Rs 220: Centrum Broking

Centrum Broking has buy call on Orient Cement with a target price of Rs 220. The current market price of Orient Cement Ltd. is Rs 160.6.

Time period given by analyst is one year when Orient Cement Ltd. price can reach defined target.

Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 3264.58 Crore) operating in Cement sector.


Orient Cement Ltd. key Products/Revenue Segments include Cement, Scrap and Power for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 616.12 Crore, down -11.09 % from last quarter Total Income of Rs 693.00 Crore and up 28.31 % from last year same quarter Total Income of Rs 480.18 Crore. Company reported net profit after tax of Rs 56.88 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.37 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.97 per cent, DIIs 15.92 per cent.