Buy Birlasoft, target price Rs 550: Emkay

Emkay Global Financial Services has a buy call on Birlasoft Ltd. with a target price of Rs 550. The current price of Birlasoft is Rs 486.55.

Birlasoft Ltd., incorporated in the year 1990, is a Small-Cap company (with a market cap of Rs 13516.01 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 30-09-2021, the company has reported a Consolidated Total Income of Rs 1021.04 Crore, up 5.61 per cent from last quarter Total Income of Rs 966.78 Crore and up 18.19 per cent from last year same quarter Total Income of Rs 863.88 Crore. Company has reported net profit after tax of Rs 103.13 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 40.66 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.38 per cent, DIIs 21.96 per cent.