Buy Venky's (India), target price Rs 2875: HDFC Securities

HDFC Securities has buy call on Venky's (India) with a target price of Rs 2875. The current market price of Venky's (India) is Rs 2720.

Time period given by analyst is 3 months when Venky's (India) Ltd. price can reach defined target.

Venky's (India) Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 3829.36 Crore) operating in Agriculture/Horticulture/Livestock sector.


Venky's (India) Ltd. key Products/Revenue Segments include De Oiled Cake, Commercial Broilers, Chicks, Oil Refined, Animal Health Products : Powder, Poultry Feed, Processed Chicken, Other Operating Revenue, SPF Eggs, By Products, Animal Health Products : Liquids, Hatching Eggs, Grownup Commercial Layers for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 995.79 Crore, down -8.89 % from last quarter Total Income of Rs 1092.91 Crore and up 40.32 % from last year same quarter Total Income of Rs 709.66 Crore. Company reported net profit after tax of Rs 30.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.11 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.69 per cent, DIIs 0.13 per cent.