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Buy IOL Chemicals, price target Rs 275: CK Narayan

The analyst suggested a stoploss at Rs 248.

ETMarkets.com|
Last Updated: Feb 25, 2020, 11.33 AM IST
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IOL Chemicals and Pharmaceuticals Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 1451.77 Crore) operating in Pharmaceuticals sector.
CK Narayan of Chart Advise has a buy call on IOL Chemicals and Pharmaceuticals Ltd. with a target price of Rs 275.0 . The current price of IOL Chemicals and Pharmaceuticals Ltd. is Rs 263.0 . CK Narayan recommended to keep a stoploss at Rs 248.

IOL Chemicals and Pharmaceuticals Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 1451.77 Crore) operating in Pharmaceuticals sector.

IOL Chemicals and Pharmaceuticals Ltd. key Products/Revenue Segments include Bulk Drugs which contributed Rs 1068.92 Crore to Sales Value (63.42 % of Total Sales), Chemicals which contributed Rs 537.40 Crore to Sales Value (31.88 % of Total Sales), Others which contributed Rs 39.27 Crore to Sales Value (2.33 % of Total Sales), Export Incentives which contributed Rs 23.58 Crore to Sales Value (1.39 % of Total Sales), Traded Goods which contributed Rs 9.43 Crore to Sales Value (0.55 % of Total Sales), Other Operating Revenue which contributed Rs 6.73 Crore to Sales Value (0.39 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Standalone sales of Rs 511.25 Crore, up 13.87 % from last quarter Sales of Rs 448.96 Crore and up 6.89 % from last year same quarter Sales of Rs 478.29 Crore Company has reported net profit after tax of Rs 98.01 Crore in latest quarter.

As on 31-12-2019, the company has a total of 56,887,502 shares outstanding.

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