Buy Sagar Cements, target price Rs 225: Emkay Global

Emkay Global has buy call on Sagar Cements with a target price of Rs 225. The current market price of Sagar Cements is Rs 207.25. Time period given by analyst is one year when Sagar Cements Ltd. price can reach defined target.

Sagar Cements Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2717.41 Crore) operating in Cement sector.

Sagar Cements Ltd. key Products/Revenue Segments include Cement, Power, Scrap, Coal and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 570.16 Crore, up 12.70 % from last quarter Total Income of Rs 505.89 Crore and up 43.50 % from last year same quarter Total Income of Rs 397.33 Crore. Company reported net profit after tax of Rs -13.10 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 45.2 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.47 per cent, DIIs 18.21 per cent.