Hold Hatsun Agro Products, target price Rs 985: ICICI Securities

ICICI Securities has hold call on Hatsun Agro Products with a target price of Rs 985. The current market price of Hatsun Agro Products is Rs 953.7. Time period given by analyst is one year when Hatsun Agro Products Ltd. price can reach defined target.

Hatsun Agro Products Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 20504.38 Crore) operating in FMCG sector.

Hatsun Agro Products Ltd. key Products/Revenue Segments include Milk & Milk Products, Scrap & Others and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 2020.01 Crore, up 24.13 % from last quarter Total Income of Rs 1627.31 Crore and up 30.65 % from last year same quarter Total Income of Rs 1546.16 Crore. Company reported net profit after tax of Rs 51.95 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74.26 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.25 per cent, DIIs 6.68 per cent.