Buy S Chand & Company, target price Rs 185: Prabhudas Lilladher

Prabhudas Lilladher has buy call on S Chand & Company with a target price of Rs 185. The current market price of S Chand & Company is Rs 138.9. Time period given by analyst is one year when S Chand & Company Ltd. price can reach defined target.

S Chand & Company Ltd., incorporated in the year 1970, is a Small Cap company (having a market cap of Rs 500.77 Crore) operating in Paper sector.

S Chand & Company Ltd. key Products/Revenue Segments include Job Work and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 121.60 Crore, down -64.93 % from last quarter Total Income of Rs 346.71 Crore and up 208.24 % from last year same quarter Total Income of Rs 39.45 Crore. Company reported net profit after tax of Rs 6.34 Crore in latest quarter.

Investment Rationale
Apart from valuation comfort, NEP implementation represents an option value in the business and can result in sharp re-rating.