Buy Advanced Enzyme Technologies, target price Rs 436: HDFC Securities

HDFC Securities has buy call on Advanced Enzyme Technologies with a target price of Rs 436. The current market price of Advanced Enzyme Technologies is Rs 366.1.

Advanced Enzyme Technologies Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 4059.21 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-2022.



Financials
For the quarter ended 30-09-2023, the company has reported a Consolidated Total Income of Rs 163.94 Crore, up 6.49 % from last quarter Total Income of Rs 153.95 Crore and up 14.99 % from last year same quarter Total Income of Rs 142.56 Crore. Company has reported net profit after tax of Rs 35.20 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.92 per cent stake in the company as of 30-Sep-2023, while FIIs owned 22.27 per cent, DIIs 6.49 per cent.