Buy Vinati Organics, price target Rs 2,200: Kunal Bothra

Kunal Bothra has a buy call on Vinati Organics Ltd. with a target price of Rs 2200.0 . The current price of Vinati Organics Ltd. is Rs 2144.05 . Kunal Bothra recommended to keep a stoploss at Rs 2060 .

Vinati Organics Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 10274.09 Crore) operating in Chemicals sector.

Vinati Organics Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals which contributed Rs 920.64 Crore to Sales Value (83.07 % of Total Sales), Organic/Inorganic Heavy Chemicals which contributed Rs 920.64 Crore to Sales Value (83.07 % of Total Sales), Organic/Inorganic Heavy Chemicals which contributed Rs 920.64 Crore to Sales Value (83.07 % of Total Sales), Others which contributed Rs 186.93 Crore to Sales Value (16.86 % of Total Sales), Others which contributed Rs 186.93 Crore to Sales Value (16.86 % of Total Sales), Others which contributed Rs 186.93 Crore to Sales Value (16.86 % of Total Sales), Scrap which contributed Rs .57 Crore to Sales Value (0.05 % of Total Sales), Scrap which contributed Rs .57 Crore to Sales Value (0.05 % of Total Sales), Scrap which contributed Rs .57 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 245.06 Crore, unchanged .00 % from last quarter Sales of Rs Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 110.01 Crore in latest quarter.

The company’s top management includes Mr.A A Krishnan, Mr.C B Gokhale, Mr.Girish M Dave, Mr.Mohit Mutreja, Mr.R K Saraswat, Mr.Sunil Saraf, Mr.Vinod Saraf, Ms.Vinati Saraf Mutreja, Ms.Viral Saraf Mittal. Company has M M Nissim & Co. as its auditoRs As on 31-12-2019, the company has a total of 51,391,025 shares outstanding.