Buy Tatva Chintan Pharma Chem, target price Rs 3000: ICICI Securities

ICICI Securities has buy call on Tatva Chintan Pharma Chem with a target price of Rs 3000. The current market price of Tatva Chintan Pharma Chem is Rs 2349.55. Time period given by analyst is one year when Tatva Chintan Pharma Chem Ltd. price can reach defined target.

Tatva Chintan Pharma Chem Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 5184.96 Crore) operating in General sector.

Tatva Chintan Pharma Chem Ltd. key Products/Revenue Segments include Speciality Chemicals, Other Operating Revenue, Scrap and Duty Drawback for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 109.39 Crore, down -13.47 % from last quarter Total Income of Rs 126.42 Crore and up 35.44 % from last year same quarter Total Income of Rs 80.77 Crore. Company reported net profit after tax of Rs 22.81 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 79.17 per cent stake in the company as of 31-Dec-2021, while FIIs owned 2.91 per cent, DIIs 7.87 per cent.