Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 34113.31 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 1111.74 Crore, up .12 % from last quarter Total Income of Rs 1110.38 Crore and up 12.37 % from last year same quarter Total Income of Rs 989.33 Crore. Company reported net profit after tax of Rs 152.47 Crore in latest quarter.
Investment Rationale
The brokerage raises sales and earnings estimates by 1-2% and 0-2% respectively for FY22E-FY23E to reflect higher growth in key brands. It maintains BUY with a revised target price of Rs18,497/share based on 42xFY23E EPS (earlier: Rs18,195/share). Key downside risks are: addition of key drugs in NLEM, product concentration, government intervention, and presence of unlisted promoter company.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2021, while FIIs held 1.9 per cent, DIIs 4.6 per cent and public and others 18.5 per cent.
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