Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 2954.92 Crore) operating in Agriculture/Horticulture/Livestock sector.
By ETMarkets.com | Updated:
Promoters held 55.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 19 per cent, DIIs 11 per cent and public and others 14.4 per cent.
Motilal Oswal has given a buy rating to Kaveri Seed with a target price of Rs 634. The share price moved down by 4.39 per cent from its previous close of Rs 512.40. The stock’s last traded price is Rs 489.90.
Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 2954.92 Crore) operating in Agriculture/Horticulture/Livestock sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 134.02 Crore, down 81.37 % from last quarter Sales of Rs 719.48 Crore and up 13.91 % from last year same quarter Sales of Rs 117.66 Crore Company reported net profit after tax of Rs 23.41 Crore in latest quarter.
Investment Rationale The brokerage values the company at 12x FY22E EPS (in line with 3-year average P/E) to arrive at TP of INR634. Promoter/FII Holdings Promoters held 55.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 19 per cent, DIIs 11 per cent and public and others 14.4 per cent.
