Buy Phillips Carbon Black, target price Rs 285: HDFC Securities

HDFC Securities has buy call on Phillips Carbon Black with a target price of Rs 285. The current market price of Phillips Carbon Black is Rs 265.6.

Time period given by analyst is 2 weeks when Phillips Carbon Black Ltd. price can reach defined target.

Phillips Carbon Black Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 4567.81 Crore) operating in Tyres sector.


Phillips Carbon Black Ltd. key Products/Revenue Segments include Carbon Black, Power and Scrap for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1007.63 Crore, up 14.78 % from last quarter Total Income of Rs 877.91 Crore and up 178.04 % from last year same quarter Total Income of Rs 362.41 Crore. Company reported net profit after tax of Rs 104.47 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53.5 per cent stake in the company as of June 30, 2021, while FIIs held 6.6 per cent, DIIs 2 per cent and public and others 37.7 per cent.