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 919.1. Time period given by analyst is one 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 3351.30 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 31-12-2021, the company reported a Consolidated Total Income of Rs 142.54 Crore, up 16.39 % from last quarter Total Income of Rs 122.47 Crore and up 54.74 % from last year same quarter Total Income of Rs 92.12 Crore. Company reported net profit after tax of Rs 19.47 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 has incorporated current financials and updated numbers for the company. It continues to remain positive on the stock and maintain our BUY rating on the stock with a target price of ₹1,354 per share.

Promoter/FII Holdings
Promoters held 41.05 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.34 per cent, DIIs 3.81 per cent.