Consumer Durables News

Stove Kraft stocks: Buy Stove Kraft, target price Rs 880: JM Financial

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has buy call on Stove Kraft with a target price of Rs 880. The current market price of Ltd. is Rs 622.3.

Stove Kraft Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 2043.07 Crore) operating in Consumer Durables sector.

Stove Kraft Ltd. key Products/Revenue Segments include Appliances (Traded), Scrap and Duty Drawback for the year ending 31-Mar-2022.

Financials

For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 236.24 Crore, down -19.85 % from last quarter Total Income of Rs 294.76 Crore and up 53.24 % from last year same quarter Total Income of Rs 154.17 Crore. Company reported net profit after tax of Rs 19.21 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.19 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.96 per cent, DIIs 9.83 per cent.

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