Buy Globus Spirits, target price Rs 1000: ICICI Direct

ICICI Direct has buy call on Globus Spirits with a target price of Rs 1000. The current market price of Globus Spirits Ltd. is Rs 742.35.

Globus Spirits Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 2138.17 Crore) operating in Beverages - Alcoholic sector.

Globus Spirits Ltd. key Products/Revenue Segments include Alcohol (Industrial), Other Services and Duty Drawback for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 371.60 Crore, up 3.80 % from last quarter Total Income of Rs 357.99 Crore and up 60.89 % from last year same quarter Total Income of Rs 230.96 Crore. Company reported net profit after tax of Rs 55.67 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.01 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.83 per cent, DIIs 1.68 per cent.