Accumulate Divi's Laboratories, target price Rs 4300: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Divi's Laboratories with a target price of Rs 4300. The current market price of Divi's Laboratories is Rs 3726.95. Time period given by analyst is one year when Divi's Laboratories Ltd. price can reach defined target.

Divi's Laboratories Ltd., incorporated in the year 1990, is a Large Cap company (having a market cap of Rs 98427.79 Crore) operating in Pharmaceuticals sector.

Divi's Laboratories Ltd. key Products/Revenue Segments include Pharmaceuticals, Contract Fees, Export Incentives and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2570.83 Crore, up 2.43 % from last quarter Total Income of Rs 2509.86 Crore and up 41.90 % from last year same quarter Total Income of Rs 1811.71 Crore. Company reported net profit after tax of Rs 894.64 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.94 per cent stake in the company as of 31-Mar-2022, while FIIs owned 22.66 per cent, DIIs 14.11 per cent.