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Buy Astec Lifesciences; target of Rs 2215: ICICI Direct

ICICI Direct is bullish on Astec Lifesciences has recommended buy rating on the stock with a target price of Rs 2215 in its research report dated July 27, 2022.

July 29, 2022 / 06:59 PM IST
 
 
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ICICI Direct's research report on Astec Lifesciences


Incorporated in 1994, Astec Lifescience is primarily into production of active ingredients and intermediates for the agrochemicals segment. The company operates in the space of technical as well as bulk sales. It also has a contract manufacturing business • Enterprise sales constitute ~80% of overall revenue while the rest comes from the CRAMS segment.


Outlook


We value Astec Lifesciences at 32x FY24E EPS of Rs 69.3 to arrive at a revised target price of Rs 2215/share (earlier Rs 2285/share).


For all recommendations report, click here

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Astec Lifesciences - 280722 - icici

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first published: Jul 29, 2022 06:59 pm
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