Getty ImagesHem Securities has buy call on with a target price of Rs 1157. The current market price of Tarsons Products is Rs 733.9.
Tarsons Products, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 3911.46 Crore) operating in General sector.
Tarsons Products key Products/Revenue Segments include Plastic Products, Medical Equipment, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 87.52 Crore, up 19.68 % from last quarter Total Income of Rs 73.12 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company has reported net profit after tax of Rs 29.46 Crore in latest quarter.
The company’s top management includes Mr.Sanjive Sehgal, Mr.Rohan Sehgal, Mr.Gaurav Pawan Kumar Podar, Mr.Viresh Oberai, Ms.Sucharita Basu De, Mr.Girish Paman Vanvari. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-09-2022, the company has a total of 5 Crore shares outstanding.
Investment Rationale
Tarsons has reported weak quarter however if the Covid related revenue is excluded then company has reported strong revenue growth and it is expected to maintain 18% CAGR for Fy 23-25. Furthermore, Tarsons recently took price hike and the revenue contribution from the same will be reflected in next few quarters. Margins are expected to improve as raw material prices have stabilised and is expected to remain in a range for next few quarters. The company is maintaining highest margin in the industry, noted Hem Securities.
Promoter/FII Holdings
Promoters held 47.31 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.33 per cent, DIIs 8.13 per cent.
Tarsons Products, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 3911.46 Crore) operating in General sector.
Tarsons Products key Products/Revenue Segments include Plastic Products, Medical Equipment, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 87.52 Crore, up 19.68 % from last quarter Total Income of Rs 73.12 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company has reported net profit after tax of Rs 29.46 Crore in latest quarter.
The company’s top management includes Mr.Sanjive Sehgal, Mr.Rohan Sehgal, Mr.Gaurav Pawan Kumar Podar, Mr.Viresh Oberai, Ms.Sucharita Basu De, Mr.Girish Paman Vanvari. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-09-2022, the company has a total of 5 Crore shares outstanding.
Investment Rationale
Tarsons has reported weak quarter however if the Covid related revenue is excluded then company has reported strong revenue growth and it is expected to maintain 18% CAGR for Fy 23-25. Furthermore, Tarsons recently took price hike and the revenue contribution from the same will be reflected in next few quarters. Margins are expected to improve as raw material prices have stabilised and is expected to remain in a range for next few quarters. The company is maintaining highest margin in the industry, noted Hem Securities.
Promoter/FII Holdings
Promoters held 47.31 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.33 per cent, DIIs 8.13 per cent.
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