Data Patterns stocks: Buy Data Patterns (India), target price Rs 1555: ICICI Direct

ICICI Direct has 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., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 6994.58 Crore) operating in General sector.

Data Patterns (India) Ltd. key Products/Revenue Segments include Electronic Components & Equipments and Sale of services for the year ending 31-Mar-2022.


For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 90.01 Crore, up 28.44 % from last quarter Total Income of Rs 70.08 Crore and up 50.54 % from last year same quarter Total Income of Rs 59.79 Crore. Company reported net profit after tax of Rs 21.05 Crore in latest quarter.

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

Promoter/FII Holdings
Promoters held 45.62 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.43 per cent, DIIs 8.25 per cent.

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