Buy Shree Cements, target cost Rs 31,200: Emkay Worldwide

Emkay Worldwide has purchase call on Shree Cements with a target cost of Rs 31200. The current advertise cost of Shree Cements Ltd. is Rs 31124.15.
Time period given by examiner is one year when Shree Cements Ltd. cost can reach characterized target.
Shree Cements Ltd., joined within the year 1979, may be a Huge Cap company (having a showcase cap of Rs 111678.21 Crore) working in Cement division.
Financials
For the quarter finished 30-06-2021, the company detailed a Solidified Add up to Salary of Rs 3775.94 Crore, down -12.86 % from final quarter Add up to Salary of Rs 4333.37 Crore and up 44.86 % from final year same quarter Add up to Pay of Rs 2606.58 Crore. Company detailed net benefit after charge of Rs 630.89 Crore in most recent quarter.
Investment Rationale
The brokerage incorporates a Purchase rating on the stock with a DCF-derived TP of Rs31,200 (Sep’22E), inferring 18x 1-year forward EV/E.
Promoter/FII Holdings
Promoters held 62.6 per cent stake within the company as of June 30, 2020, whereas FIIs held 13.2 per cent, DIIS 9.9 per cent and open and others 14.3 per cent.

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