Buy Aarti Industries, target price Rs 800: Emkay Global Financial Services
Aarti Industries with a target price of Rs 800. The current market price of Aarti Industries is Rs 655.
Aarti Industries, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 24258.77 crore) operating in Pharmaceuticals sector.
Aarti Industries key Products/Revenue Segments include Speciality Chemicals and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 1773.00 crore, up 1.90 % from last quarter Total Income of Rs 1740.00 crore and up 7.07 % from last year same quarter Total Income of Rs 1656.00 crore. Company has reported net profit after tax of Rs 132.00 crore in latest quarter.
The company?s top management includes Mr.Chandrakant V Gogri, PadmashriGanapati D Yadav, Mrs.Priti Paras Savla, Mr.Vinay Gopal Nayak, Mr.Lalitkumar Shantaram Naik, Mrs.Natasha Kersi Treasurywala, Mr.Premchandra Amolak Sethi, Mr.K V S Shyamsunder Rammurthy, Prof.Aniruddha Pandit, Mr.Bhavesh R Vora, Mr.Narendra Jagannath Salvi, Mr.Rajendra V Gogri, Mr.Rashesh C Gogri, Mr.Parimal H Desai, Mr.Manoj M Chheda, Mr.Kirit R Mehta, Mr.Renil R Gogri, Mr.Ajay Kumar Gupta, Mrs.Hetal Gogri Gala, Mr.Shekhar Khanolkar. Company has Kirtane & Pandit LLP as its auditors. As on 31-03-2024, the company has a total of 36 crore shares outstanding.
Investment Rationale
Aarti's Q4 EBITDA at Rs 2.8 bn (+9% QoQ; +12% YoY) was in line with our estimates. Management maintained FY25 EBITDA guidance at Rs 14.5-17 bn and increased
