Buy Star Cement, target price Rs 118: Centrum Broking

Centrum Broking has buy call on Star Cement with a target price of Rs 118. The current market price of Star Cement Ltd. is Rs 86.55. Time period given by analyst is one year when Star Cement Ltd. price can reach defined target.

Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 3506.27 Crore) operating in Cement sector.

Star Cement Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue 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 758.43 Crore, up 34.97 % from last quarter Total Income of Rs 561.93 Crore and up 24.14 % from last year same quarter Total Income of Rs 610.95 Crore. Company reported net profit after tax of Rs 88.42 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 67.37 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.28 per cent, DIIs 6.15 per cent.