Buy Som Distilleries & Breweries, target price Rs 385: HDFC Securities

HDFC Securities has buy call on Som Distilleries & Breweries Ltd. with a target price of Rs 385. The current market price of Som Distilleries & Breweries Ltd. is Rs 347.35.

Som Distilleries & Breweries Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 2689.83 Crore) operating in Beverages - Alcoholic sector.

Som Distilleries & Breweries Ltd. key Products/Revenue Segments include Beverages (Alcohol) for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 760.23 Crore, up 200.43 % from last quarter Total Income of Rs 253.04 Crore and up 196.86 % from last year same quarter Total Income of Rs 256.09 Crore. Company reported net profit after tax of Rs 33.67 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 34.47 per cent stake in the company as of 30-Jun-2023, while FIIs owned 1.08 per cent, DIIs 0.15 per cent.