Buy Vinati Organics, target price Rs 2425: Motilal Oswal

Motilal Oswal has buy call on Vinati Organics with a target price of Rs 2425. The current market price of Vinati Organics is Rs 1912.

Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 19847.30 Crore) operating in Chemicals sector.

Vinati Organics Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Export Incentives and Scrap for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 533.98 Crore, down -4.64 % from last quarter Total Income of Rs 559.94 Crore and up 19.63 % from last year same quarter Total Income of Rs 446.36 Crore. Company reported net profit after tax of Rs 84.16 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.28 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.33 per cent, DIIs 6.73 per cent.