Prism Johnson Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 3787.76 Crore) operating in Cement sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1326.28 Crore, up 56.75 % from last quarter Sales of Rs 846.12 Crore and down -5.17 % from last year same quarter Sales of Rs 1398.54 Crore Company reported net profit after tax of Rs 25.90 Crore in latest quarter.
The brokerage maintains FY22/23 EBITDA estimates, but raise FY21E EBITDA by 19.4% on better profits in Q2 and guidance of lower other expense in H2. Net D/E at 1.5x and net debt/EBITDA at 2.9x in FY22 appear rich in absence of capex plans.
Promoters held 74.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 3 per cent, DIIs 7.9 per cent and public and others 14.3 per cent.