Buy Solara Active Pharma Sciences, target price Rs 400: Motilal Oswal

Motilal Oswal has buy call on Solara Active Pharma Sciences with a target price of Rs 400. The current market price of Solara Active Pharma Sciences Ltd. is Rs 345.4.

Solara Active Pharma Sciences Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 1249.61 Crore) operating in Pharmaceuticals sector.

Solara Active Pharma Sciences Ltd. key Products/Revenue Segments include Active Pharma Ingredients, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 426.42 Crore, up 20.34 % from last quarter Total Income of Rs 354.35 Crore and up 24.65 % from last year same quarter Total Income of Rs 342.09 Crore. Company reported net profit after tax of Rs -17.06 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.19 per cent stake in the company as of 30-Sep-2023, while FIIs owned 17.86 per cent, DIIs 1.75 per cent.