Buy Andhra Sugars, target price Rs 140: Axis Securities

Axis Securities has buy call on Andhra Sugars with a target price of Rs 140. The current market price of Andhra Sugars Ltd. is Rs 126.42.

Andhra Sugars Ltd., incorporated in the year 1947, is a Small Cap company (having a market cap of Rs 1686.06 Crore) operating in Diversified sector.

Andhra Sugars Ltd. key Products/Revenue Segments include Caustic Soda, Sugar, Caustic Potash, Hydrochloric Acid, Sodium Hypochlorite, Alcohol (Industrial), Others, Poly Aluminimum Choloride, Chlorine, UH25, Hydrogen Gas, Cattle Feed, Other Operating Revenue, H.T.P.B, Wind Power, Mono Methyl Hydrazine, Liquid Hydrogen, Subsidy, Super Phosphate, Traded Goods for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 441.72 Crore, down -3.94 % from last quarter Total Income of Rs 459.85 Crore and down -19.35 % from last year same quarter Total Income of Rs 547.72 Crore. Company reported net profit after tax of Rs 11.07 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 47.19 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.02 per cent, DIIs 0.04 per cent.