Hold Vinati Organics, target price Rs 2350: Anand Rathi

Anand Rathi has hold call on Vinati Organics with a target price of Rs 2350. The current market price of Vinati Organics Ltd. is Rs 2027.15.

Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 20834.95 Crore) operating in Chemicals sector.

Vinati Organics Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Scrap and Export Incentives for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 525.01 Crore, up 4.75 % from last quarter Total Income of Rs 501.22 Crore and up 29.97 % from last year same quarter Total Income of Rs 403.95 Crore. Company reported net profit after tax of Rs 101.19 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.06 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.66 per cent, DIIs 8.12 per cent.