Shutterstock.comMotilal Oswal has buy call on Piramal Enterprises with a target price of Rs 2170. The current market price of is Rs 1728.45.
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 38777.94 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3168.61 Crore, down 4.04 % from last quarter Sales of Rs 3301.84 Crore and down 16.74 % from last year same quarter Sales of Rs 3805.67 Crore. Company reported net profit after tax of Rs 651.99 Crore in latest quarter.
Investment Rationale
The brokerage raises EV/EBITDA multiple for the Pharma business to 16x (from 14x earlier), factoring in a strong order book in the CDMO/CHG segment and improved profitability in the India Consumer product segment
Promoter/FII Holdings
Promoters held 46.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 29.3 per cent, DIIs 10.5 per cent and public and others 14.1 per cent.
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 38777.94 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3168.61 Crore, down 4.04 % from last quarter Sales of Rs 3301.84 Crore and down 16.74 % from last year same quarter Sales of Rs 3805.67 Crore. Company reported net profit after tax of Rs 651.99 Crore in latest quarter.
Investment Rationale
The brokerage raises EV/EBITDA multiple for the Pharma business to 16x (from 14x earlier), factoring in a strong order book in the CDMO/CHG segment and improved profitability in the India Consumer product segment
Promoter/FII Holdings
Promoters held 46.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 29.3 per cent, DIIs 10.5 per cent and public and others 14.1 per cent.
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