Buy Strides Shasun, target Rs 980.0 : Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on Strides Shasun Ltd. with an intra- target price of Rs 980.The current market price of Strides Shasun Ltd. is Rs 906.5. Kunal Bothra recommended to keep stop loss at Rs 880.0 .

Strides Shasun Ltd., incorporated in the year 1990, is a midcap company (having a market cap of ₹ 8106.20 crore) operating in Pharmaceuticals and health care sector.

Strides Shasun Ltd. key Products/Revenue Segments include Tablets which contributed ₹ 1086.49 Cr to Sales Value (48.04 % of Total Sales), Active Pharma Ingredients which contributed ₹ 700.60 Cr to Sales Value (30.98 % of Total Sales), Capsules which contributed ₹ 207.91 Cr to Sales Value (9.19 % of Total Sales), Royalty Income which contributed ₹ 63.25 Cr to Sales Value (2.79 % of Total Sales), Export Incentives which contributed ₹ 57.41 Cr to Sales Value (2.53 % of Total Sales), Sale of services which contributed ₹ 43.18 Cr to Sales Value (1.90 % of Total Sales), Sachets which contributed ₹ 32.06 Cr to Sales Value (1.41 % of Total Sales), Others which contributed ₹ 27.83 Cr to Sales Value (1.23 % of Total Sales), Injectables which contributed ₹ 23.73 Cr to Sales Value (1.04 % of Total Sales), Others (Traded) which contributed ₹ 9.86 Cr to Sales Value (0.43 % of Total Sales), Syrups which contributed ₹ 6.10 Cr to Sales Value (0.26 % of Total Sales), Other Operating Income which contributed ₹ 2.85 Cr to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 888.41 Cr., up 1.38% from last quarter Sales of ₹ 876.29 Cr. and down 7.57% from last year same quarter Sales of ₹ 961.20 Cr. Company has reported net profit after tax of ₹ 131.21 Cr. in latest quarter. The company’s CEO is Mr.Shashank Sinha. It's Board of Directors include Ms.Manjula Ramamurthy, Dr.Sunil Nadkarni, Mr.Badree Komandur, Mr.Jitesh Devendra, Mr.Joe Thomas, Mr.Mohan Kumar, Mr.Sebi Chacko, Mr.Shashank Sinha, Mr.Sinhue Noronha, Ms.Manjula Ramamurthy, Mr.A K Nair, Mr.Arun Kumar, Mr.Badree Komandur, Mr.Bharat Shah, Mr.Deepak Vaidya, Mr.S Sridhar, Mr.Shashank Sinha, Ms.Sangita Reddy. Company has its registered office at No.201, Devavrata,, Sector 17, Vashi, New Mumbai, 400705, Maharashtra. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 89,423,006 shares outstanding.