Buy Heranba Industries, target price Rs 900: Anand Rathi

Anand Rathi has buy call on Heranba Industries with a target price of Rs 900. The current market price of Heranba Industries is Rs 681.65. Time period given by analyst is one year when Heranba Industries Ltd. price can reach defined target.

Heranba Industries Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2720.92 Crore) operating in General sector.

Heranba Industries Ltd. key Products/Revenue Segments include Agrochemicals and Export Incentives for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 400.52 Crore, up 11.69 % from last quarter Total Income of Rs 358.60 Crore and up 20.17 % from last year same quarter Total Income of Rs 333.29 Crore. Company reported net profit after tax of Rs 53.49 Crore in latest quarter.

Investment Rationale
The brokerages are positive on Heranba Industries Ltd, the company has diverse product range, strong margins, strong balance sheet, and further opportunities from off patent products in highly regulated markets. It revises rating to BUY on the stock with a target price of ₹900 per share.

Promoter/FII Holdings
Promoters held 74.77 per cent stake in the company as of 31-Dec-2021, while FIIs owned 2.62 per cent, DIIs 1.38 per cent.