Buy Kaveri Seed Company, target price Rs 806: LKP Securities

LKP Securities has buy call on Kaveri Seed Company with a target price of Rs 806. The current market price of Kaveri Seed Company is Rs 665.5.

Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 3663.72 Crore) operating in Agriculture/Horticulture/Livestock sector.

Kaveri Seed Company Ltd. key Products/Revenue Segments include Seeds for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 184.83 Crore, down -75.28 % from last quarter Total Income of Rs 747.75 Crore and up 5.87 % from last year same quarter Total Income of Rs 174.57 Crore. Company reported net profit after tax of Rs 13.97 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.9 per cent stake in the company as of 30-Sep-2023, while FIIs owned 16.29 per cent, DIIs 6.76 per cent.