Buy Ami Organics, target price Rs 1354: Anand Rathi

Anand Rathi has buy call on Ami Organics with a target price of Rs 1354. The current market price of Ami Organics Ltd. is Rs 1055. Time period given by analyst is 1 year when Ami Organics Ltd. price can reach defined target.

Ami Organics Ltd., incorporated in the year 2007, is a Small Cap company (having a market cap of Rs 3712.94 Crore) operating in General sector.

Ami Organics Ltd. key Products/Revenue Segments include Organic Chemicals and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 122.47 Crore, up 7.28 % from last quarter Total Income of Rs 114.16 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 17.47 Crore in latest quarter.

Investment Rationale
With the presence in high growing and niche markets Ami Organics Limited is set to continue to post better growth in mid term. The brokerage initiates coverage on the stock with a BUY rating and a target price of ₹1,354 per share.

Promoter/FII Holdings
Promoters held 41.05 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.51 per cent, DIIs 6.3 per cent.