Buy Galaxy Surfactants, target price Rs 3491: HDFC Securities

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 9424.23 Crore) operating in Chemicals sector.

By ETMarkets.com | Oct 16, 2023, 10.30 AM IST

Promoters held 70.92 per cent stake in the company as of 30-Sep-2023, while FIIs owned 3.08 per cent, DIIs 12.56 per cent.

HDFC Securities has buy call on Galaxy Surfactants with a target price of Rs 3491. The current market price of Galaxy Surfactants Ltd. is Rs 2657.9.

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 9424.23 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 30-06-2023, the company reported a Consolidated Total Income of Rs 944.26 Crore, down -3.79 % from last quarter Total Income of Rs 981.50 Crore and down -18.38 % from last year same quarter Total Income of Rs 1156.88 Crore. Company reported net profit after tax of Rs 75.18 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 70.92 per cent stake in the company as of 30-Sep-2023, while FIIs owned 3.08 per cent, DIIs 12.56 per cent.

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