Hold Sanofi India, target price Rs 9170: ICICI Securities

ICICI Securities has hold call on Sanofi India with a target price of Rs 9170. The current market price of Sanofi India Ltd. is Rs 9039.3.
Sanofi India Ltd., incorporated in the year 1956, is a Mid Cap company (having a market cap of Rs 20816.69 Crore) operating in Pharmaceuticals sector.

Sanofi India Ltd. key Products/Revenue Segments include Pharmaceutical Products, Sale of services, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Dec-2022.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 705.90 Crore, down -2.82 % from last quarter Total Income of Rs 726.40 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 137.70 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.4 per cent stake in the company as of 31-Dec-2023, while FIIs owned 6.31 per cent, DIIs 20.83 per cent.