Buy R R Kabel, target price Rs 1870: JM Financial

JM Financial has buy call on R R Kabel with a target price of Rs 1870. The current market price of R R Kabel Ltd. is Rs 1750.9.

R R Kabel Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 19862.31 Crore) operating in Consumer Durables sector.

R R Kabel Ltd. key Products/Revenue Segments include Electrical Appliances, Scrap, Export Incentives and Processing Charges for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1773.39 Crore, up 7.75 % from last quarter Total Income of Rs 1645.76 Crore and up 15.88 % from last year same quarter Total Income of Rs 1530.36 Crore. Company reported net profit after tax of Rs 78.72 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 62.76 per cent stake in the company as of 31-Mar-2024, while FIIs owned 4.16 per cent, DIIs 9.37 per cent.