Buy Camlin Fine Sciences, target price Rs 161: Axis Securities

Axis Securities has buy call on Camlin Fine Sciences with a target price of Rs 161. The current market price of Camlin Fine Sciences is Rs 153.55. Time period given by analyst is 3 weeks when Camlin Fine Sciences Ltd. price can reach defined target.

Camlin Fine Sciences Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 2432.94 Crore) operating in Chemicals sector.

Camlin Fine Sciences Ltd. key Products/Revenue Segments include Fine Chemicals, Traded Goods, Service Income, Commission and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 384.80 Crore, down -6.27 % from last quarter Total Income of Rs 410.54 Crore and up 12.72 % from last year same quarter Total Income of Rs 341.38 Crore. Company reported net profit after tax of Rs 3.60 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 17.55 per cent stake in the company as of 30-Sep-2022, while FIIs owned 10.74 per cent, DIIs 13.53 per cent.