Buy Stove Kraft, target price Rs 780: JM Financial

JM Financial has buy call on Stove Kraft Ltd. with a target price of Rs 780. The current market price of Stove Kraft Ltd. is Rs 713.5.

Stove Kraft Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 2378.74 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 30-06-2024, the company reported a Standalone Total Income of Rs 315.48 Crore, down -2.86 % from last quarter Total Income of Rs 324.75 Crore and up 5.38 % from last year same quarter Total Income of Rs 299.37 Crore. Company reported net profit after tax of Rs 8.20 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55.88 per cent stake in the company as of 30-Jun-2024, while FIIs owned 0.92 per cent, DIIs 4.69 per cent.