Buy Hikal, target price Rs 198: ICICI Direct

ICICI Direct has given a buy rating to Hikal with a target price of Rs 198. The share price moved down by 0.60 per cent from its previous close of Rs 175.05. The stock’s last traded price is Rs 174.

Hikal Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 2166.39 Crore) operating in Pharmaceuticals sector.

Hikal Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1562.03 Crore to Sales Value (98.26 % of Total Sales), Export Incentives which contributed Rs 21.24 Crore to Sales Value (1.33 % of Total Sales), Sale of services which contributed Rs 4.63 Crore to Sales Value (0.29 % of Total Sales) and Scrap which contributed Rs 1.70 Crore to Sales Value (0.10 % of Total Sales)for the year ending 31-Mar-2019.


Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 366.35 Crore, up 5.54 % from last quarter Sales of Rs 347.13 Crore and up 22.83 % from last year same quarter Sales of Rs 298.26 Crore. Company reported net profit after tax of Rs 26.95 Crore in latest quarter.