Birla Corp Shares: Buy Birla Corporation, Target Price Rs 1200: Emkay Global

Emkay Global has a buy call on . with a target price of Rs 1200. The current market price is Rs 1027.65. The period given by the analyst is one year when the price of Birla Corporation Ltd. can achieve the set goal.

Birla Corporation Ltd., incorporated in 1919, is a mid-cap company (having a market capitalization of Rs 7920.38 Crore) operating in the cement business.

Major product/revenue segments of Birla Corporation Ltd. include cement, jute products, royalty income, other operating income, export incentives and others for the year ending March 31, 2021.


For the quarter ended 30-06-2022, the company reported Consolidated Total Revenue of Rs 2218.06 Crore, down -4.95% from last quarter Total Revenue of Rs 2333.54 Crore and up by 26.14% compared to the same quarter of last year Total income of Rs 1758.41 Crore. The company reported a net profit after tax of Rs 61.92 Crore last quarter.

Promoter/Fii Holdings
The promoters held 62.9% of the company’s capital as of June 30, 2022, while the FIIs held 4.34% and the DIIs 16.05%.

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Luisa D. Fuller