Buy Astec Lifesciences, target price Rs 1575: ICICI Direct

ICICI Direct has buy call on Astec Lifesciences with a target price of Rs 1575. The current market price of Astec Lifesciences Ltd. is Rs 1364.

Time period given by analyst is one year when Astec Lifesciences Ltd. price can reach defined target.

Astec Lifesciences Ltd., incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 2678.41 Crore) operating in Pesticides/Agro Chemicals sector.


Astec Lifesciences Ltd. key Products/Revenue Segments include Agrochemicals for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 103.47 Crore, down -20.07 % from last quarter Total Income of Rs 129.46 Crore and down -34.03 % from last year same quarter Total Income of Rs 156.85 Crore. Company reported net profit after tax of Rs 9.08 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 65.2 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.22 per cent, DIIs 12.2 per cent.