Hold Natco Pharma, target price Rs 820: ICICI Direct

ICICI Direct has hold call on Natco Pharma with a target price of Rs 820. The current market price of Natco Pharma is Rs 699.85. Time period given by analyst is one year when Natco Pharma Ltd. price can reach defined target.

Natco Pharma Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 12776.41 Crore) operating in Pharmaceuticals sector.

Natco Pharma Ltd. key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Sale of services, Job Work, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 590.70 Crore, up 42.27 % from last quarter Total Income of Rs 415.20 Crore and up 53.03 % from last year same quarter Total Income of Rs 386.00 Crore. Company reported net profit after tax of Rs 80.40 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 48.81 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.49 per cent, DIIs 8.6 per cent.