Valiant Organics Ltd.

NSE: VALIANTORG | BSE: 540145 | ISIN: INE565V01010 | Industry: Agrochemicals
| Mid-range Performer

386.25
0.52%
Monarch Networth Capital Limited
INDIA l Institutional Research l Chemicals l 01st November 2021 Valiant Organics l BUY l TP: 1,975 Robust revenue growth, margins play spoilt sport We maintain a BUY rating with a revised TP of Rs1,975 (earlier Rs2,100); revision is largely on account of increase in RMAT costs, which has led to downgrade in earnings for FY22E/FY23E. The company posted impressive revenue growth of 64% YoY and 12% QoQ driven by improved realisation rates and increasing utilisation of enhanced capacities; we believe that this strong revenue growth should sustain. However, high RMAT and freight...
Valiant Organics Ltd. has gained 12.36% in the last 1 Week
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