Moneycontrol PRO
Sansaar
HomeNewsBusinessStocksHold Advanced Enzyme Technologies; target of Rs 290: ICICI Direct

Hold Advanced Enzyme Technologies; target of Rs 290: ICICI Direct

ICICI Direct recommended hold rating on Advanced Enzyme Technologies with a target price of Rs 290 in its research report dated May 24, 2022.

May 26, 2022 / 08:07 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    ICICI Direct's research report on Advanced Enzyme Technologies

    Advanced Enzyme Technologies (AET) is a focused, research driven Indian enzymes company with a product basket of 400+ proprietary products developed from 68 indigenous enzymes and probiotics. • The business is divided into three segments - 1) human healthcare, 2) animal healthcare and 3) industrial processing business • It has seven manufacturing and six R&D facilities, which consist of three integrated fermentations, recovery & formulation facilities, one extraction and recovery facility and one satellite blending, mixing & formulation facility.

    Outlook

    Downgrade from BUY to HOLD as we wait for normalcy to return in core businesses of Human Nutrition as well as improvement in margin profile. We value AET at Rs 290 i.e. 22x FY24E EPS of Rs 13.2.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Broker Research
    first published: May 26, 2022 08:07 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347