Buy PCBL, target price Rs 320: JM Financial

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

By ETMarkets.com | Dec 22, 2023, 12.02 PM 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.

JM Financial has buy call on PCBL with a target price of Rs 320. The current market price of PCBL Ltd. is Rs 249.5.
PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 9419.58 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 has 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 has 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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