Related
Prism Johnson Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 3787.76 Crore) operating in Cement sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1326.28 Crore, up 56.75 % from last quarter Sales of Rs 846.12 Crore and down -5.17 % from last year same quarter Sales of Rs 1398.54 Crore Company reported net profit after tax of Rs 25.90 Crore in latest quarter.
Investment Rationale
The brokerage maintains FY22/23 EBITDA estimates, but raise FY21E EBITDA by 19.4% on better profits in Q2 and guidance of lower other expense in H2. Net D/E at 1.5x and net debt/EBITDA at 2.9x in FY22 appear rich in absence of capex plans.
Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 3 per cent, DIIs 7.9 per cent and public and others 14.3 per cent.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price