Buy Kaveri Seed, target price Rs 634: Motilal Oswal

Motilal Oswal Financial Services has buy call on Kaveri Seed Company with a target price of Rs 634.
The current market price of Kaveri Seed Company Ltd. is Rs 489.35.

Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 2964.88 Crore) operating in Agriculture/Horticulture/Livestock sector.


Kaveri Seed Company Ltd. key Products/Revenue Segments include Seeds which contributed Rs 883.26 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2020.

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.

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.