Buy Pricol, target price Rs 600: Emkay Global

Emkay Global has buy call on Pricol with a target price of Rs 600. The current market price of Pricol Ltd. is Rs 478.4.
Pricol Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 5863.11 Crore) operating in Auto Ancillaries sector.

Pricol Ltd. key Products/Revenue Segments include Auto Components, Other Operating Revenue, Traded Goods, Export Incentives and Other Services for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 622.11 Crore, up 5.71 % from last quarter Total Income of Rs 588.52 Crore and up 15.19 % from last year same quarter Total Income of Rs 540.06 Crore. Company reported net profit after tax of Rs 45.56 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 38.51 per cent stake in the company as of 30-Jun-2024, while FIIs owned 15.01 per cent, DIIs 16.45 per cent.