Buy Solara Active Pharma Sciences, target price Rs 520: ICICI Securities

ICICI Securities has buy call on Solara Active Pharma Sciences with a target price of Rs 520. The current market price of Solara Active Pharma Sciences Ltd. is Rs 439.65.

Solara Active Pharma Sciences Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 1604.35 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 30-09-2022, the company reported a Consolidated Total Income of Rs 342.09 Crore, up 1.50 % from last quarter Total Income of Rs 337.05 Crore and down -15.52 % from last year same quarter Total Income of Rs 404.92 Crore. Company reported net profit after tax of Rs -9.98 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 40.4 per cent stake in the company as of 30-Sep-2022, while FIIs owned 17.93 per cent, DIIs 2.93 per cent.