Buy Devyani International, target price Rs 225: Emkay Global

Emkay Global has buy call on Devyani International Ltd. with a target price of Rs 225. The current market price of Devyani International Ltd. is Rs 180.85.

Devyani International Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 22118.96 Crore) operating in Tourism & Hospitality sector.

Devyani International Ltd. key Products/Revenue Segments include Food Products, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 751.94 Crore, up 5.35 % from last quarter Total Income of Rs 713.72 Crore and up 44.26 % from last year same quarter Total Income of Rs 521.25 Crore. Company reported net profit after tax of Rs 56.84 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 62.8 per cent stake in the company as of 30-Sep-2022, while FIIs owned 6.87 per cent, DIIs 7.26 per cent.