Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 886.72 crore, up 35.25 % from last quarter Total Income of Rs 655.63 Crore and up 76.10 % from last year same quarter Total Income of Rs 503.54 Crore. Company has reported net profit after tax of Rs 102.20 Crore in latest quarter.
Investment Rationale: The brokerage is positive about Sharda’s future performance, considering its focus on registration, rising share of high margin products and deeper penetration in markets. Further, internally-funded capex and FCF would strengthen its balance sheet. Anand Rathi expects the company's revenue/profit to clock 14%/15% CAGRs over FY22-24.
Risks: Forex movements, dependence on China for raw material, delay in registrations.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price