AgenciesJM Financial has buy call on GMM Pfaudler with a target price of Rs 2300. The current market price of GMM Pfaudler is Rs 1972.25. Time period given by analyst is one year when GMM Pfaudler Ltd. price can reach defined target.
GMM Pfaudler Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 2881.04 Crore) operating in Engineering sector.
GMM Pfaudler Ltd. key Products/Revenue Segments include Special Purpose Machine and Other Operating Revenue for the year ending 31-Mar-2021.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 767.73 Crore, up 9.56 % from last quarter Total Income of Rs 700.76 Crore and up 38.86 % from last year same quarter Total Income of Rs 552.88 Crore. Company reported net profit after tax of Rs 61.47 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating on the stock and expect the company to post sales/EPS CAGR of 15%/36% over FY22-25E, given healthy outlook across regions with improvement in margins with operational efficiencies. It revised TP stands at INR 2,300 (35x Sep’24E EPS).
Promoter/FII Holdings
Promoters held 54.95 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.84 per cent, DIIs 6.09 per cent.
GMM Pfaudler Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 2881.04 Crore) operating in Engineering sector.
GMM Pfaudler Ltd. key Products/Revenue Segments include Special Purpose Machine and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 767.73 Crore, up 9.56 % from last quarter Total Income of Rs 700.76 Crore and up 38.86 % from last year same quarter Total Income of Rs 552.88 Crore. Company reported net profit after tax of Rs 61.47 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating on the stock and expect the company to post sales/EPS CAGR of 15%/36% over FY22-25E, given healthy outlook across regions with improvement in margins with operational efficiencies. It revised TP stands at INR 2,300 (35x Sep’24E EPS).
Promoter/FII Holdings
Promoters held 54.95 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.84 per cent, DIIs 6.09 per cent.
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