Buy Advanced Enzyme Technologies, target price Rs 420: ICICI Direct

ICICI Direct has buy call on Advanced Enzyme Technologies with a target price of Rs 420. The current market price of Advanced Enzyme Technologies Ltd. is Rs 349.1.

Time period given by analyst is one year when Advanced Enzyme Technologies Ltd. price can reach defined target.

Advanced Enzyme Technologies Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 3912.80 Crore) operating in Agriculture/Horticulture/Livestock sector.


Advanced Enzyme Technologies Ltd. key Products/Revenue Segments include Enzymes and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 127.98 Crore, down -7.23 % from last quarter Total Income of Rs 137.95 Crore and up 5.79 % from last year same quarter Total Income of Rs 120.97 Crore. Company reported net profit after tax of Rs 30.27 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 52.55 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.27 per cent, DIIs 8.67 per cent.