Buy Birlasoft, target price Rs 530: Emkay Global

Emkay Global has buy call on Birlasoft Ltd. with a target price of Rs 530. The current market price of Birlasoft Ltd. is Rs 418.25. Time period given by analyst is one year when Birlasoft Ltd. price can reach defined target.

Birlasoft Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 11638.13 Crore) operating in IT Software sector.

Birlasoft Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1084.66 Crore, up 6.23 % from last quarter Total Income of Rs 1021.04 Crore and up 21.01 % from last year same quarter Total Income of Rs 896.36 Crore. Company reported net profit after tax of Rs 113.97 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 40.55 per cent stake in the company as of 31-Dec-2021, while FIIs owned 17.39 per cent, DIIs 21.36 per cent.