Buy Gateway Distriparks, target price Rs 85: ICICI Direct

ICICI Direct has buy call on Gateway Distriparks with a target price of Rs 85. The current market price of Gateway Distriparks is Rs 72.45. Time period given by analyst is one year when Gateway Distriparks Ltd. price can reach defined target.

Gateway Distriparks Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 3614.92 Crore) operating in General sector.

Gateway Distriparks Ltd. key Products/Revenue Segments include Services ( Transportation ) and Rent for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 347.22 Crore, down -7.91 % from last quarter Total Income of Rs 377.04 Crore and up 4.51 % from last year same quarter Total Income of Rs 332.25 Crore. Company reported net profit after tax of Rs 57.70 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 32.12 per cent stake in the company as of 30-Jun-2022, while FIIs owned 17.23 per cent, DIIs 37.07 per cent.