Buy Tarsons Products, target price Rs 670: ICICI Securities

ICICI Securities has buy call on Tarsons Products with a target price of Rs 670. The current market price of Tarsons Products is Rs 498.

Tarsons Products Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 2653.40 Crore) operating in Hospitals & Allied Services sector.

Tarsons Products Ltd. key Products/Revenue Segments include Plastic Products, Medical Equipment and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 68.92 Crore, up 6.30 % from last quarter Total Income of Rs 64.83 Crore and down -8.07 % from last year same quarter Total Income of Rs 74.96 Crore. Company reported net profit after tax of Rs 12.80 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 47.31 per cent stake in the company as of 31-Dec-2023, while FIIs owned 6.83 per cent, DIIs 2.6 per cent.