Accumulate Vinati Organics, target price Rs 1885: Prabhudas Lilladher


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Prabhudas Lilladher has accumulate call on Vinati Organics Ltd. with a target price of Rs 1885. The current market price of Vinati Organics Ltd. is Rs 1724.2.

Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 17689.82 Crore) operating in Chemicals sector.

Vinati Organics Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Export Incentives and Scrap for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 464.35 Crore, up 4.03 % from last quarter Total Income of Rs 446.36 Crore and down -20.80 % from last year same quarter Total Income of Rs 586.27 Crore. Company reported net profit after tax of Rs 84.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74.06 per cent stake in the company as of 31-Dec-2023, while FIIs owned 4.71 per cent, DIIs 7.54 per cent.

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Forrás: eredeti cikk

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