KR Choksey has given Buy recommendation for Ami Organics with a target price of Rs. 1229 in its research report issued on Jan 06, 2022

KR Choksey’s research report on Ami Organics

Ami Organics Ltd (AOL), established in 2004, is Surat based one of the leading company focused towards the development and manufacturing of different types of Pharma Intermediates, New Chemical Entities (NCE) and Key Starting Material for agrochemicals and fine chemicals. Majority of company’s products cater to API related to Chronic diseases which is high growth area. It recently acquired the business of Gujarat Organics Ltd (GOL), diversifying its portfolio towards specialty chemical space. It has a wide distribution network through which it caters to more than 150 customers (including international customers) directly in India and in 25 countries overseas.


We initiate coverage on stock with “BUY” rating as all the above mentioned factors will provide greater scale to grow its business and profitability and recommend a target price of INR 1,229/share, applying PE multiple of 31x on FY24E EPS, indicating upside potential of 15.20% from CMP.

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At 13:29 hrs AMI Organics was quoting at Rs 1,057.30, down Rs 14.25, or 1.33 percent.

It has touched an intraday high of Rs 1,083.85 and an intraday low of Rs 1,049.35.

It was trading with volumes of 11,725 shares, compared to its thirty day average of 29,708 shares, a decrease of -60.53 percent.

In the previous trading session, the share closed down 2.08 percent or Rs 22.75 at Rs 1,071.55.

The share touched its 52-week high Rs 1,438.50 and 52-week low Rs 610.00 on 22 September, 2021 and 09 September, 2021, respectively.

Currently, it is trading 26.5 percent below its 52-week high and 73.33 percent above its 52-week low.

Market capitalisation stands at Rs 3,852.49 crore.

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