Buy Phillips Carbon Black, target price Rs 275: HDFC Securities

HDFC Securities has buy call on Phillips Carbon Black with a target price of Rs 275. The current market price of Phillips Carbon Black is Rs 249.25. Time period given by analyst is 3 months when Phillips Carbon Black Ltd. price can reach defined target.

PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 4687.14 Crore) operating in Tyres sector.

PCBL Ltd. key Products/Revenue Segments include Carbon Black, Power and Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1071.32 Crore, up 6.32 % from last quarter Total Income of Rs 1007.63 Crore and up 61.01 % from last year same quarter Total Income of Rs 665.37 Crore. Company reported net profit after tax of Rs 122.09 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 55.69 per cent stake in the company as of 05-Oct-2021, while FIIs owned 6.51 per cent, DIIs 2.11 per cent.