AgenciesAxis Securities has buy call on Abbott India with a target price of Rs 20800. The current market price of . is Rs 18604.5. Time period given by analyst is one year when Ltd. price can reach defined target.
Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 39627.82 Crore) operating in Pharmaceuticals sector.
Abbott India Ltd. key Products/Revenue Segments include Injectables, Tablets, Liquids, Capsules, Service Income, Others, Ointments, Granules, Powder, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1330.73 Crore, up 4.28 % from last quarter Total Income of Rs 1276.07 Crore and up 7.57 % from last year same quarter Total Income of Rs 1237.04 Crore. Company reported net profit after tax of Rs 205.64 Crore in latest quarter.
Investment Rationale
Branded business is expected to improve overall profitability. The company has strong FCFF at 65.0% of EBITDA with high return ratios and dividend payout.
Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.79 per cent, DIIs 5.35 per cent.
Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 39627.82 Crore) operating in Pharmaceuticals sector.
Abbott India Ltd. key Products/Revenue Segments include Injectables, Tablets, Liquids, Capsules, Service Income, Others, Ointments, Granules, Powder, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1330.73 Crore, up 4.28 % from last quarter Total Income of Rs 1276.07 Crore and up 7.57 % from last year same quarter Total Income of Rs 1237.04 Crore. Company reported net profit after tax of Rs 205.64 Crore in latest quarter.
Investment Rationale
Branded business is expected to improve overall profitability. The company has strong FCFF at 65.0% of EBITDA with high return ratios and dividend payout.
Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.79 per cent, DIIs 5.35 per cent.
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