ThinkStock PhotosRelated
Motilal Oswal has buy call on Company with a target price of Rs 830. The current market price of Kaveri Seed Company Ltd. is Rs 710.05. Time period given by analyst is one year when Kaveri Seed Company price can reach defined target.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 68.48 Crore, down -45.69 % from last quarter Total Income of Rs 126.10 Crore and down -27.22 % from last year same quarter Total Income of Rs 94.10 Crore. Company reported net profit after tax of Rs -17.77 Crore in latest quarter.
Investment Rationale
KSCL is on track to diversify from sales of cotton seeds by increasing the share of rice and vegetables (contribution of non-cotton seed sales to overall sales has increased to 58% in FY21 v/s 52% in FY20), which are growing at a faster pace and yielding a higher margin (v/s the Cotton segment)
Promoter/FII Holdings
Promoters held 55.5 per cent stake in the company as of March 31, 2021, while FIIs held 19.8 per cent, DIIs 8.5 per cent and public and others 16.2 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 68.48 Crore, down -45.69 % from last quarter Total Income of Rs 126.10 Crore and down -27.22 % from last year same quarter Total Income of Rs 94.10 Crore. Company reported net profit after tax of Rs -17.77 Crore in latest quarter.
Investment Rationale
KSCL is on track to diversify from sales of cotton seeds by increasing the share of rice and vegetables (contribution of non-cotton seed sales to overall sales has increased to 58% in FY21 v/s 52% in FY20), which are growing at a faster pace and yielding a higher margin (v/s the Cotton segment)
Promoter/FII Holdings
Promoters held 55.5 per cent stake in the company as of March 31, 2021, while FIIs held 19.8 per cent, DIIs 8.5 per cent and public and others 16.2 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
