Buy PG Electroplast, target price Rs 770: Axis Securities

Axis Securities has buy call on PG Electroplast with a target price of Rs 770. The current market price of PG Electroplast Ltd. is Rs 617.

PG Electroplast Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 16044.95 Crore) operating in Electric/Electronics sector.

PG Electroplast Ltd. key Products/Revenue Segments include Electrical Equipment, Other Operating Revenue, Scrap and Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1324.59 Crore, up 22.65 % from last quarter Total Income of Rs 1079.96 Crore and up 95.10 % from last year same quarter Total Income of Rs 678.91 Crore. Company reported net profit after tax of Rs 84.93 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53.56 per cent stake in the company as of 30-Jun-2024, while FIIs owned 11.07 per cent, DIIs 9.89 per cent.