Hold Galaxy Surfactants, target price Rs 3385: JM Financial

JM Financial has hold call on Galaxy Surfactants with a target price of Rs 3385. The current market price of Galaxy Surfactants is Rs 2899.7.


Time period given by analyst is one year when Galaxy Surfactants Ltd. price can reach defined target.


Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 10281.88 Crore) operating in Chemicals sector.

Galaxy Surfactants Ltd. key Products/Revenue Segments include Other Operating Revenue and Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 882.34 Crore, up 6.19 % from last quarter Total Income of Rs 830.90 Crore and up 22.00 % from last year same quarter Total Income of Rs 723.25 Crore. Company reported net profit after tax of Rs 41.94 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.93 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.42 per cent, DIIs 13.29 per cent.