Buy Galaxy Surfactants, target price Rs 3465: HDFC Securities

HDFC Securities has buy call on Galaxy Surfactants with a target price of Rs 3465.0. The current market price of Galaxy Surfactants Ltd. is Rs 2782.4.

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 9829.12 Crore) operating in Chemicals sector.

Galaxy Surfactants Ltd. key Products/Revenue Segments include Other Operating Revenue and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 952.91 Crore, up .64 % from last quarter Total Income of Rs 946.87 Crore and down -2.91 % from last year same quarter Total Income of Rs 981.50 Crore. Company reported net profit after tax of Rs 77.50 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.91 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.75 per cent, DIIs 12.73 per cent.