Buy Sharda Cropchem, target price Rs 740: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Sharda Cropchem with a target price of Rs 740. The current market price of Sharda Cropchem Ltd. is Rs 521.1. Time period given by analyst is one year when Sharda Cropchem Ltd. price can reach defined target.

Sharda Cropchem Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 4715.37 Crore) operating in Pesticides/Agro Chemicals sector.

Sharda Cropchem Ltd. key Products/Revenue Segments include Agrochemicals, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 844.78 Crore, down -41.22 % from last quarter Total Income of Rs 1437.15 Crore and up 34.28 % from last year same quarter Total Income of Rs 629.14 Crore. Company reported net profit after tax of Rs 22.64 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.16 per cent, DIIs 12.76 per cent.