Buy Excel Industries, target price Rs 1795: HDFC Securities

Buy Excel Industries, target price Rs 1795: HDFC Securities
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Synopsis

Excel Industries Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 1968.70 Crore) operating in Pesticides/Agro Chemicals sector.

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Promoters held 52.49 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.27 per cent, DIIs 7.35 per cent.

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HDFC Securities has buy call on Excel Industries with a target price of Rs 1795. The current market price of Excel Industries Ltd. is Rs 1564. Time period given by analyst is six months when Excel Industries Ltd. price can reach defined target.

Excel Industries Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 1968.70 Crore) operating in Pesticides/Agro Chemicals sector.

Excel Industries Ltd. key Products/Revenue Segments include Agro Chemicals Intermediates, Sale of services, Processing Charges, Export Incentives and Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 358.65 Crore, up 53.80 % from last quarter Total Income of Rs 233.20 Crore and up 65.68 % from last year same quarter Total Income of Rs 216.48 Crore. Company reported net profit after tax of Rs 77.85 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.49 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.27 per cent, DIIs 7.35 per cent.
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