Hold Star Cement, target price Rs 105: Emkay Global

Emkay Global has hold call on Star Cement with a target price of Rs 105. The current market price of Star Cement Ltd. is Rs 93.9. 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 3799.30 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 30-06-2022, the company reported a Consolidated Total Income of Rs 680.11 Crore, down -10.33 % from last quarter Total Income of Rs 758.43 Crore and up 30.90 % from last year same quarter Total Income of Rs 519.57 Crore. Company reported net profit after tax of Rs 67.56 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.