Buy Stove Kraft, target price Rs 780: JM Financial

JM Financial has buy call on Stove Kraft with a target price of Rs 780. The current market price of Stove Kraft Ltd. is Rs 645.2.
Stove Kraft Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 2138.28 Crore) operating in Consumer Durables sector.

Stove Kraft Ltd. key Products/Revenue Segments include Domestic Appliances, Scrap and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 324.75 Crore, down -9.84 % from last quarter Total Income of Rs 360.18 Crore and up 16.07 % from last year same quarter Total Income of Rs 279.78 Crore. Company reported net profit after tax of Rs 2.66 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 55.88 per cent stake in the company as of 31-Mar-2024, while FIIs owned 0.78 per cent, DIIs 3.44 per cent.