KPR Mill Share Worth: Purchase KPR Mill, Goal Worth Rs 815: ICICI Direct

ICICI Direct has a purchase name on KPR Mills with a goal worth of Rs 815. KPR Mills Ltd. , The present market worth of Rs.630.85 is Rs. worth can attain its goal. Analysts have given its time interval as one yr.

KPR Mill Ltd., included within the yr 2003, is a Mid Cap firm (having a market cap of Rs 21778.37 Crore) working in Textiles sector.

The Main Product/Income segments of KPR Mills Restricted embody Yarns, Clothes, Cloth, Waste (Cotton), Export Promotion, Gross sales of Providers, Different Working Income, Equipment for the yr ended 31-March-2021.

monetary state of affairs

For the quarter ended 31-03-2022, the corporate reported a consolidated whole earnings of Rs 1461.33 crore, up 13.64% from final quarter’s whole earnings of Rs 1285.88 crore and up 29.35% from the identical quarter final yr at Rs 1129.72 crore income. Firm has reported Web Revenue after Tax of Rs 219.78 Crore in newest quarter.

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funding logic
The inventory worth has elevated by ~5.4x (from Rs 120 in September 2020 to Rs 650 in April 2022). Brokerages like KPR as a structural long-term story to play for the attire export area. The brokerage locations a BUY advice on the inventory.

Promoter/FII Holdings
Promoters held 74.72 per cent stake within the firm as on 31-March-2022, whereas FIIs held 4.33 per cent, DIIs held 11.98 per cent.

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