Sell India Cements, target price Rs 130: ICICI Securities

ICICI Securities has sell call on India Cements with a target price of Rs 130. The current market price of India Cements Ltd. is Rs 150.5. Time period given by analyst is one year when India Cements Ltd. price can reach defined target.

India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 4674.80 Crore) operating in Cement sector.

India Cements Ltd. key Products/Revenue Segments include Clinker, Ready Mix Concrete, Other Operating Revenue, Power Generation, Traded Goods for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1424.80 Crore, up 21.97 % from last quarter Total Income of Rs 1168.12 Crore and down -4.71 % from last year same quarter Total Income of Rs 1495.30 Crore. Company reported net profit after tax of Rs -26.16 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 28.42 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.29 per cent, DIIs 8.83 per cent.