Buy Granules India; target of Rs 475: Sharekhan
Sharekhan is bullish on Granules India has recommended buy rating on the stock with a target price of Rs 475 in its research report dated January 28, 2021.
January 29, 2021 / 07:13 PM IST
Sharekhan's research report on Granules India
Q3FY2021 was a mixed quarter with revenues at Rs. 845 crore, up by 20% y-o-y, while the PAT at Rs 146 crore, versus Rs. 96 crore in Q3FY2020. Tapping new geographies, strong product pipeline, growth in existing core molecules & capacity expansion would drive sales growth. Favourable mix, benefits of operating leverage accruing would lift OPM. Better growth prospects, strong earnings visibility, a sturdy balance sheet and healthy return ratios augur well for growth.
We maintain a Buy on the stock of Granules with an unchanged PT of Rs. 475.
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