Add Rossari Biotech, target price Rs 885: ICICI Securities

ICICI Securities has add call on Rossari Biotech Ltd. with a target price of Rs 885. The current market price of Rossari Biotech Ltd. is Rs 812.5.

Rossari Biotech Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 4501.56 Crore) operating in Chemicals sector.

Rossari Biotech Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Commission and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 490.60 Crore, up 3.70 % from last quarter Total Income of Rs 473.10 Crore and up 18.85 % from last year same quarter Total Income of Rs 412.80 Crore. Company reported net profit after tax of Rs 34.69 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 68.32 per cent stake in the company as of 30-Jun-2024, while FIIs owned 3.83 per cent, DIIs 16.81 per cent.