Buy PCBL, target price Rs 445: JM Financial

JM Financial has buy call on PCBL with a target price of Rs 445. The current market price of PCBL is Rs 382.8.
PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 14409.63 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2154.44 Crore, up 10.37 % from last quarter Total Income of Rs 1951.98 Crore and up 59.41 % from last year same quarter Total Income of Rs 1351.50 Crore. Company reported net profit after tax of Rs 117.92 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.41 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.29 per cent, DIIs 6.4 per cent.