Buy Sagar Cements, target price Rs 265: Emkay Global

Emkay Global has buy call on Sagar Cements with a target price of Rs 265. The current market price of Sagar Cements Ltd. is Rs 202.3. 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 2377.61 Crore) operating in Cement sector.

Sagar Cements Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Power and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 505.89 Crore, up 50.76 % from last quarter Total Income of Rs 335.57 Crore and up 20.63 % from last year same quarter Total Income of Rs 419.36 Crore. Company reported net profit after tax of Rs -19.15 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 50.28 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.24 per cent, DIIs 8.87 per cent.