Add Divi's Laboratories, target price Rs 4173: ICICI Securities

ICICI Securities has add call on Divi's Laboratories with a target price of Rs 4173. The current market price of Divi's Laboratories Ltd. is Rs 3736. 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 98807.41 Crore) operating in Pharmaceuticals sector.

Divi's Laboratories Ltd. key Products/Revenue Segments include Pharmaceuticals, Scrap, Export Incentives and Contract Fees for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2342.91 Crore, down -8.87 % from last quarter Total Income of Rs 2570.83 Crore and up 17.34 % from last year same quarter Total Income of Rs 1996.61 Crore. Company reported net profit after tax of Rs 702.01 Crore in latest quarter.

Investment Rationale
The brokerage remains cautious on near-term outlook due to elevated costs and high base in custom synthesis segment with waning covid-19 opportunities.