Fundamental Analysis

CONTROL PRINT LTD.

Ticker : 522295
BUY : ₹ 433.15
Target: ₹ 485



Control Print Ltd is involved in the development, research, manufacturing & marketing of printing machines, spare parts, consumables (fluids), and associated services. On a consolidated basis, the company recorded net sales and other operating income of Rs 62.37 crore, higher by 14.14 per cent than Rs 54.64 crore reported in Q3FY21. The operating profit was recorded at Rs 14.91 crore in Q3FY22, a rise of 12.51 per cent as compared to an operating profit of Rs 13.25 crore in Q3FY21. Q3FY22 recorded a net profit of Rs 9.09 crore in comparison with a net profit of Rs 7.72 crore in Q3FY21, improving by 17.72 per cent. In Q3FY22, the installed base crossed the number of 14,000 printers, which is expected to augur well for growth in consumable sales. The market share in the building materials segment, as well as the dairy & food sector (including FMCG), continued to strengthen and saw more customer penetration. Hence, we recommend BUY.