Add Piramal Pharma, target price Rs 245: ICICI Securities

ICICI Securities has add call on Piramal Pharma with a target price of Rs 245.0. The current market price of Piramal Pharma Ltd. is Rs 226.45.

Piramal Pharma Ltd., incorporated in the year 2020, is a Small Cap company (having a market cap of Rs 30003.01 Crore) operating in Pharmaceuticals sector.

Piramal Pharma Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1970.68 Crore, down -23.58 % from last quarter Total Income of Rs 2578.74 Crore and up 10.27 % from last year same quarter Total Income of Rs 1787.16 Crore. Company reported net profit after tax of Rs -111.04 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 34.95 per cent stake in the company as of 30-Jun-2024, while FIIs owned 31.4 per cent, DIIs 12.95 per cent.