Buy PCBL, target price Rs 305: ICICI Securities

PCBL Ltd. key Products/Revenue Segments include Carbon Black, Power, Export Incentives and Scrap for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Dec 14, 2023, 10.31 AM IST

Promoters held 51.41 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.07 per cent, DIIs 7.77 per cent.

ICICI Securities has buy call on PCBL Ltd. with a target price of Rs 305. The current market price of PCBL Ltd. is Rs 255.8.
PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 9663.04 Crore) operating in Tyres sector.

PCBL Ltd. key Products/Revenue Segments include Carbon Black, Power, Export Incentives and Scrap for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1489.39 Crore, up 10.20 % from last quarter Total Income of Rs 1351.50 Crore and down -8.72 % from last year same quarter Total Income of Rs 1631.63 Crore. Company reported net profit after tax of Rs 122.83 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.41 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.07 per cent, DIIs 7.77 per cent.

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