The Economic Times daily newspaper is available online now.

    Buy Control Print, target price Rs 555: ICICI Direct

    Synopsis

    Control Print, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 743.99 Crore) operating in IT - Hardware sector.

    Stocks to buyGetty Images
    Strong installed base of 16500+ printers will augur well for growth in high margin consumable business over the medium to long term, said the brokerage.
    ICICI Direct has buy call on Control Print with a target price of Rs 555. The current market price of Control Print is Rs 476. Time period given by analyst is 12 months when Control Print price can reach defined target.

    Control Print, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 743.99 Crore) operating in IT - Hardware sector.

    Control Print key Products/Revenue Segments include Spares/Consumables, Coding & Marking Machines, Sale of services, Scrap, Duty Drawback for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 79.04 Crore, up 8.93 % from last quarter Total Income of Rs 72.56 Crore and up 26.08 % from last year same quarter Total Income of Rs 62.69 Crore. Company has reported net profit after tax of Rs 13.48 Crore in latest quarter.

    The company’s top management includes Mr.Basant Kabra, Mr.Shiva Kabra, Ms.Ritu Joshi, Mr.Rakesh Agrawal, Mr.S S Jangid, Mr.Gaurav Himatsingka, Ms.Shruti Jatia. Company has Jhawar Mantri & Associates as its auditors. As on 31-12-2022, the company has a total of 2 Crore shares outstanding.

    Investment Rationale
    Strong installed base of 16500+ printers will augur well for growth in high margin consumable business over the medium to long term, said the brokerage.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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

    ...more
    The Economic Times

    Stories you might be interested in