Buy Granules India, target price Rs 475: Motilal Oswal
Granules India Ltd. with a target price of Rs 475. The current market price of Granules India Ltd. is Rs 418.05.
Want to take exposure to a sector which grows much faster than GDP
Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 10038.91 Crore) operating in Pharmaceuticals sector.
Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1156.24 Crore, down -2.92 % from last quarter Total Income of Rs 1191.02 Crore and up .80 % from last year same quarter Total Income of Rs 1147.07 Crore. Company reported net profit after tax of Rs 125.65 Crore in latest quarter.
Promoter/FII Holdings Promoters held 41.96 per cent stake in the company as of 31-Dec-2023, while FIIs owned 18.78 per cent, DIIs 10.16 per cent.
