Buy J Kumar Infraprojects, target price Rs 845: Axis Securities

Axis Securities has buy call on J Kumar Infraprojects with a target price of Rs 845. The current market price of J Kumar Infraprojects Ltd. is Rs 706.8.

J Kumar Infraprojects Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 5083.21 Crore) operating in Infrastructure sector.

J Kumar Infraprojects Ltd. key Products/Revenue Segments include Contract Revenue, Ready Mix Concrete, Other Sales and Other Services for the year ending 31-Mar-2023.


Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 1433.66 Crore, up 16.95 % from last quarter Total Income of Rs 1225.85 Crore and up 25.37 % from last year same quarter Total Income of Rs 1143.52 Crore. Company reported net profit after tax of Rs 99.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.65 per cent stake in the company as of 31-Mar-2024, while FIIs owned 10.13 per cent, DIIs 16.53 per cent.