Time period given by analyst is one year when Neogen Chemicals Ltd. price can reach defined target.
Neogen Chemicals Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 2568.09 Crore) operating in Chemicals sector.
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 84.67 Crore, down -8.68 % from last quarter Total Income of Rs 92.72 Crore and up 10.48 % from last year same quarter Total Income of Rs 76.64 Crore. Company reported net profit after tax of Rs 7.32 Crore in latest quarter.
The brokerage expects strong EBITDA and PAT CAGRs of 35/47% over FY22-24E. It initiates coverage on NCL with a BUY and target price of INR 1,220, (WACC 10%, terminal growth 5%). The stock is trading at 43.4/28.0 on FY23/24E EPS.
Promoters held 64.3 per cent stake in the company , FIIs held 4.7 per cent, DIIs 14 per cent and public and others 16.8 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.Most Related Links :
Business News Governmental News Finance News
Need Your Help Today. Your $1 can change life.