Shutterstock.com Securities has buy call on PNC Infratech with a target price of Rs 410. The current market price of . is Rs 254.15.
PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6485.31 Crore) operating in Infrastructure sector.
Ltd. key Products/Revenue Segments include Contract Revenue, Material and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1819.15 Crore, down -11.95 % from last quarter Total Income of Rs 2066.15 Crore and down -.35 % from last year same quarter Total Income of Rs 1825.48 Crore. Company reported net profit after tax of Rs 132.12 Crore in latest quarter.
Investment Rationale
Given a strong OB and comfortable balance sheet, the brokerage maintains BUY, with an increased TP of INR 410/sh (15x Sep-24E; rolled over, 1x P/BV for HAM equity investment).
Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.48 per cent, DIIs 28.57 per cent.
PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6485.31 Crore) operating in Infrastructure sector.
Ltd. key Products/Revenue Segments include Contract Revenue, Material and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1819.15 Crore, down -11.95 % from last quarter Total Income of Rs 2066.15 Crore and down -.35 % from last year same quarter Total Income of Rs 1825.48 Crore. Company reported net profit after tax of Rs 132.12 Crore in latest quarter.
Investment Rationale
Given a strong OB and comfortable balance sheet, the brokerage maintains BUY, with an increased TP of INR 410/sh (15x Sep-24E; rolled over, 1x P/BV for HAM equity investment).
Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.48 per cent, DIIs 28.57 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by