Buy Shilpa Medicare, target price Rs 540: Anand Rathi
Shilpa Medicare with a target price of Rs 540. The current market price of Shilpa Medicare is Rs 441.95.
Shilpa Medicare Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 3828.83 Crore) operating in Pharmaceuticals sector.
Shilpa Medicare Ltd. key Products/Revenue Segments include Formulations, Other Operating Revenue, Traded Goods, Power and Export Incentives for the year ending 31-Mar-2022.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 288.70 Crore, down -8.29 % from last quarter Total Income of Rs 314.79 Crore and up 8.84 % from last year same quarter Total Income of Rs 265.24 Crore. Company reported net profit after tax of Rs 5.77 Crore in latest quarter.
Promoter/FII Holdings Promoters held 50.01 per cent stake in the company as of 31-Dec-2023, while FIIs owned 8.52 per cent, DIIs 0.06 per cent.
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