Buy Praj Industries, target price Rs 815: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Praj Industries with a target price of Rs 815. The current market price of Praj Industries Ltd. is Rs 750.

Praj Industries Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 13705.10 Crore) operating in Engineering sector.

Praj Industries Ltd. key Products/Revenue Segments include Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2024.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1029.99 Crore, up 22.96 % from last quarter Total Income of Rs 837.69 Crore and up .96 % from last year same quarter Total Income of Rs 1020.18 Crore. Company reported net profit after tax of Rs 91.94 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 32.81 per cent stake in the company as of 30-Jun-2024, while FIIs owned 18.55 per cent, DIIs 16.59 per cent.