ThinkStock PhotosLKP Securities has buy call on VST Tillers Tractors with a target price of Rs 2959. The current market price of VST Tillers Tractors is Rs 2455.2. Time period given by analyst is one year when VST Tillers Tractors Ltd. price can reach defined target.
VST Tillers Tractors Ltd., incorporated in the year 1967, is a Small Cap company (having a market cap of Rs 2128.74 Crore) operating in Auto sector.
VST Tillers Tractors Ltd. key Products/Revenue Segments include Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 238.26 Crore, up 5.99 % from last quarter Total Income of Rs 224.79 Crore and up 15.99 % from last year same quarter Total Income of Rs 205.41 Crore. Company reported net profit after tax of Rs 10.05 Crore in latest quarter.
Investment Rationale
The stock is trading in line with its historical average, at P/E multiple of 14x on its FY24E estimates. The brokerage believes VSTT looks attractive at current levels and recommend BUY with a target price of ₹2,959.
Promoter/FII Holdings
Promoters held 54.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.43 per cent, DIIs 16.39 per cent.
VST Tillers Tractors Ltd., incorporated in the year 1967, is a Small Cap company (having a market cap of Rs 2128.74 Crore) operating in Auto sector.
VST Tillers Tractors Ltd. key Products/Revenue Segments include Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 238.26 Crore, up 5.99 % from last quarter Total Income of Rs 224.79 Crore and up 15.99 % from last year same quarter Total Income of Rs 205.41 Crore. Company reported net profit after tax of Rs 10.05 Crore in latest quarter.
Investment Rationale
The stock is trading in line with its historical average, at P/E multiple of 14x on its FY24E estimates. The brokerage believes VSTT looks attractive at current levels and recommend BUY with a target price of ₹2,959.
Promoter/FII Holdings
Promoters held 54.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.43 per cent, DIIs 16.39 per cent.
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Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
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