Buy Greaves Cotton, target price Rs 150: Kunal Bothra
Kunal Bothra recommended to keep stoploss at Rs 132.
Greaves Cotton Ltd., incorporated in the year 1922, is a Mid Cap company (having a market cap of Rs 3407.91 Crore) operating in Engineering sector.
Greaves Cotton Ltd. key Products/Revenue Segments include Engines which contributed Rs 1827.44 Crore to Sales Value (99.33 % of Total Sales), Service Income which contributed Rs 9.46 Crore to Sales Value (0.51 % of Total Sales), Export Incentives which contributed Rs 2.44 Crore to Sales Value (0.13 % of Total Sales), Other Operating Revenue which contributed Rs .36 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 492.09 Crore, down -9.05 % from last quarter Sales of Rs 541.08 Crore and up 7.41 % from last year same quarter Sales of Rs 458.16 Crore Company has reported net profit after tax of Rs 34.50 Crore in latest quarter. The company’s top management includes Mr.Arvind Kumar Singhal, Mr.Karan Thapar, Mr.Kewal Handa, Mr.Nagesh Basavanhalli, Mr.Navneet Singh, Mr.Vijay Rai, Mr.Vikram Tandon, Mr.Vinay Sanghi, Ms.Sree Patel. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 244,206,795 shares outstanding.