Name: Latest research reports of Galaxy Surfactants Ltd. authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: Galaxy Surfactants Ltd.
Rating: 4
Author: Monarch Networth Capital Limited

Galaxy Surfactants Ltd Demand Outlook Strong, Supply Chain issue to persist in the near term

Accumulate: Galaxy Surfactants Ltd.

Recommendation Target

Monarch Networth Capital Limited

Valuation and rating: We assign a PE multiple of 32x (premium to other chemical companies as discussed above) on Sept'23 earnings of Rs110 post which we arrive at a target of Rs.3,520, an upside of 15% from the current levels. The company sees demand remaining steady, while logistic issues could pose a challenge in the short term. We see new product launches will drive growth in the future. Commissioning of CAPEX in Sep'21...