Data Models Stocks: Buy Data Models (India); Target price Rs 1555: ICICI Direct | Techno Glob


ICICI Direct buy call on Data Patterns (India) with a target price of Rs 1555. The current market price of Data Patterns (India) is Rs 1334.9.

Data Patterns (India) Ltd. is a Large Cap company incorporated in 1998 (with a market cap of Rs 6994.58 crore in the general sector).

Data Patterns (India) Ltd. Key product/revenue segments include sales of electronic components and devices and services for the year ending 31-Mar-2022.

Finance

90.01 crores for the quarter ended 30-09-2022, the company’s exclusive gross revenue of Rs. The total revenue for the last quarter was Rs 70.08 crore, up 28.44% from the total revenue of Rs 59.79 crore in the same quarter last year. The company reported a net profit after tax of Rs 21.05 crore in the last quarter.

Investment Rationale
DPIL is well placed to deliver revenue PAT CAGR of 28.0%, 29.0% respectively over FY22-25E. Increased profitability coupled with strong asset turnover is expected to result in a good return ratio over FY23-24E.

Promoter/FII Holdings
Promoters hold 45.62 per cent stake in the company as on 30-Jun-2022, while FIIs hold 1.43 per cent; DII owns 8.25 percent.

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