Motilal Oswal Financial Services neutral on Dr. Reddy's Laboratories; target price: Rs 4420
Promoters held 26.7 per cent stake in the company as of 31-Dec-2022, while FIIs owned 27.29 per cent, DIIs 23.35 per cent.
By ETMarkets.com | Updated:
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Motilal Oswal Financial Services has neutral call on Dr. Reddy's Laboratories with a target price of Rs 4420. The current market price of Dr. Reddy's Laboratories is Rs 4377.4.
Dr. Reddy's Laboratories, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 73165.49 Crore) operating in Pharmaceuticals sector.
Dr. Reddy's Laboratories key Products/Revenue Segments include Pharmaceuticals, Licence Fees, Other Operating Revenue, Spent Chemicals, Service Income and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 6848.50 Crore, up 7.47 % from last quarter Total Income of Rs 6372.60 Crore and up 26.96 % from last year same quarter Total Income of Rs 5394.10 Crore. Company has reported net profit after tax of Rs 1237.90 Crore in latest quarter.
The company’s top management includes Mr.K Satish Reddy, Mr.G V Prasad, Mr.Leo Puri, Mr.Prasad R Menon, Ms.Shikha Sharma, Mr.Allan Oberman, Ms.Kalpana Morparia, Mr.Sridar Iyengar, Mr.Arun Madhavan Kumar. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2022, the company has a total of 17 Crore shares outstanding.
The brokerage raises its EPS estimate by 0.5% each for FY24/FY25 to factor in addition of business from acquired portfolio.
Promoter/FII Holdings
Promoters held 26.7 per cent stake in the company as of 31-Dec-2022, while FIIs owned 27.29 per cent, DIIs 23.35 per cent.
Dr. Reddy's Laboratories, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 73165.49 Crore) operating in Pharmaceuticals sector.
Dr. Reddy's Laboratories key Products/Revenue Segments include Pharmaceuticals, Licence Fees, Other Operating Revenue, Spent Chemicals, Service Income and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 6848.50 Crore, up 7.47 % from last quarter Total Income of Rs 6372.60 Crore and up 26.96 % from last year same quarter Total Income of Rs 5394.10 Crore. Company has reported net profit after tax of Rs 1237.90 Crore in latest quarter.
The company’s top management includes Mr.K Satish Reddy, Mr.G V Prasad, Mr.Leo Puri, Mr.Prasad R Menon, Ms.Shikha Sharma, Mr.Allan Oberman, Ms.Kalpana Morparia, Mr.Sridar Iyengar, Mr.Arun Madhavan Kumar. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2022, the company has a total of 17 Crore shares outstanding.
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Investment RationaleThe brokerage raises its EPS estimate by 0.5% each for FY24/FY25 to factor in addition of business from acquired portfolio.
Promoter/FII Holdings
Promoters held 26.7 per cent stake in the company as of 31-Dec-2022, while FIIs owned 27.29 per cent, DIIs 23.35 per cent.
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