AgenciesGeojit has buy call on Vinati Organics with a target price of Rs 2360. The current market price of . is Rs 2126.25.
Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 21356.57 Crore) operating in Chemicals sector.
Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Scrap and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 586.27 Crore, up 11.67 % from last quarter Total Income of Rs 525.01 Crore and up 51.23 % from last year same quarter Total Income of Rs 387.65 Crore. Company reported net profit after tax of Rs 116.01 Crore in latest quarter.
Investment Rationale
The brokerage values VOL at a P/E of 38x on FY24E. Given strong earnings outlook, it upgrades VOL to BUY from Accumulate with a target price of Rs. 2,360.
Promoter/FII Holdings
Promoters held 74.06 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.66 per cent, DIIs 7.99 per cent.
Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 21356.57 Crore) operating in Chemicals sector.
Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Scrap and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 586.27 Crore, up 11.67 % from last quarter Total Income of Rs 525.01 Crore and up 51.23 % from last year same quarter Total Income of Rs 387.65 Crore. Company reported net profit after tax of Rs 116.01 Crore in latest quarter.
Investment Rationale
The brokerage values VOL at a P/E of 38x on FY24E. Given strong earnings outlook, it upgrades VOL to BUY from Accumulate with a target price of Rs. 2,360.
Promoter/FII Holdings
Promoters held 74.06 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.66 per cent, DIIs 7.99 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.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by