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HDFC Securities has buy call on Zuari Global with a target price of Rs 291. The current market price of Zuari Global Ltd. is Rs 180.1.
Time period given by analyst is one year when Zuari Global Ltd. price can reach defined target.
Zuari Global Ltd., incorporated in the year 1967, is a Small Cap company (having a market cap of Rs 517.57 Crore) operating in Diversified sector.
Zuari Global Ltd. key Products/Revenue Segments include Income From Real Estate Development and Rental Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 225.84 Crore, down -2.38 % from last quarter Total Income of Rs 231.33 Crore and down -1.55 % from last year same quarter Total Income of Rs 229.39 Crore. Company reported net profit after tax of Rs -12.08 Crore in latest quarter.
Investment Rationale
The brokerage is positive on the sugar and ethanol business segment of ZGL due to strength from the long track of operations with experienced management team, its integrated nature of operations with forward integration into co-generation and distillery and improved scale of operations and profitability margins. Improving sugar sale prices, export orientation (due to export subsidy), newly commenced Distillery having capacity of 100,000 litres per day and industry supportive trade policies and measures by state and central government could improve the company’s future prospects.
Promoter/FII Holdings
Promoters held 56.95 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.35 per cent, DIIs 0.24 per cent.
Time period given by analyst is one year when Zuari Global Ltd. price can reach defined target.
Zuari Global Ltd., incorporated in the year 1967, is a Small Cap company (having a market cap of Rs 517.57 Crore) operating in Diversified sector.
Zuari Global Ltd. key Products/Revenue Segments include Income From Real Estate Development and Rental Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 225.84 Crore, down -2.38 % from last quarter Total Income of Rs 231.33 Crore and down -1.55 % from last year same quarter Total Income of Rs 229.39 Crore. Company reported net profit after tax of Rs -12.08 Crore in latest quarter.
Investment Rationale
The brokerage is positive on the sugar and ethanol business segment of ZGL due to strength from the long track of operations with experienced management team, its integrated nature of operations with forward integration into co-generation and distillery and improved scale of operations and profitability margins. Improving sugar sale prices, export orientation (due to export subsidy), newly commenced Distillery having capacity of 100,000 litres per day and industry supportive trade policies and measures by state and central government could improve the company’s future prospects.
Promoter/FII Holdings
Promoters held 56.95 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.35 per cent, DIIs 0.24 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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