Buy Hatsun Agro Products, target price Rs 1190: ICICI Securities

ICICI Securities has buy call on Hatsun Agro Products with a target price of Rs 1190. The current market price of Hatsun Agro Products is Rs 1112.

Hatsun Agro Products Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 24867.62 Crore) operating in FMCG sector.

Hatsun Agro Products Ltd. key Products/Revenue Segments include Milk & Milk Products, Scrap & Others for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 2049.04 Crore, up 8.32 % from last quarter Total Income of Rs 1891.57 Crore and up 14.40 % from last year same quarter Total Income of Rs 1791.09 Crore. Company reported net profit after tax of Rs 52.16 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 73.15 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.86 per cent, DIIs 9.81 per cent.