Buy Granules India, target price Rs 345: ICICI Direct

ICICI Direct has buy call on Granules India with a target price of Rs 345. The current market price of Granules India is Rs 293.6. Time period given by analyst is one year when Granules India Ltd. price can reach defined target.

Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 7309.97 Crore) operating in Pharmaceuticals sector.

Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1033.93 Crore, up 3.22 % from last quarter Total Income of Rs 1001.64 Crore and up 28.82 % from last year same quarter Total Income of Rs 802.59 Crore. Company reported net profit after tax of Rs 111.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 41.98 per cent stake in the company as of 31-Mar-2022, while FIIs owned 23.19 per cent, DIIs 3.98 per cent.