Buy PCBL, target price Rs 335: JM Financial

JM Financial has buy call on PCBL with a target price of Rs 335.0. The current market price of PCBL Ltd. is Rs 268.6 .
PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 10048.05 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 31-03-2024, the company reported a Consolidated Total Income of Rs 1951.98 Crore, up 17.31 % from last quarter Total Income of Rs 1663.93 Crore and up 40.39 % from last year same quarter Total Income of Rs 1390.43 Crore. Company reported net profit after tax of Rs 110.95 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.41 per cent stake in the company as of 31-Mar-2024, while FIIs owned 6.68 per cent, DIIs 5.6 per cent.