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Broker Research reports: All reports for Industry - Dyes & Pigments

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

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Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	10 Aug 2023	Sudarshan Chemical	ICICI Securities Limited Reco Target	1051.60	560.00	531.70 (97.78%)	Target met	Hold	pdf post cache		Broker Report Margins recover, but revenue growth faces headwinds ICICI Securities Limited Sudarshan Chemical Industries’ (SCIL) Q1FY24 print showed recovery in margins (partly optical with drop in prices) on lower input cost. India demand was impacted from destocking in coating segment while plastics business has started growing. International business revenue was impacted from macro-headwinds. pdf Copy Link Share on Share on Share on Share on Alert
	11 Feb 2023	Sudarshan Chemical	ICICI Securities Limited Target	1051.60	405.00	384.20 (173.71%)	Target met	Accumulate	pdf post cache		Broker Report Weak performance; India demand to recover fast ICICI Securities Limited Sudarshan Chemical Industries’ (SCIL) Q3FY23 print is far from positive – hurt as it was from weak demand across categories. India demand is expected to bounce back in Q4FY24 with restocking demand in plastics, and coatings sales to normalise. Exports looks challenging though opening-up of China market can exert a positive impact as local China demand recovers and competitive intensity in export markets reduces. pdf Copy Link Share on Share on Share on Share on Alert
	10 Feb 2023	Sudarshan Chemical	ICICI Direct Target	1051.60	370.00	384.20 (173.71%)	Target met	Hold	pdf post cache		Broker Report Sudarshan Chemical ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	11 Nov 2022	Sudarshan Chemical	ICICI Securities Limited Target	1051.60	410.00	389.95 (169.68%)	Target met	Accumulate	pdf post cache		Broker Report Subdued performance; benefit of capex pushed ICICI Securities Limited Sudarshan Chemical Industries’ (SCIL) Q2FY23 revenue grew 6.1% YoY which was largely driven by pricing, while volumes have declined. pdf Copy Link Share on Share on Share on Share on Alert
	10 Aug 2022	Sudarshan Chemical	ICICI Securities Limited Reco Target	1051.60	510.00	455.45 (130.89%)	Target met	Accumulate	pdf post cache		Broker Report Headwinds to revenue growth ICICI Securities Limited Sudarshan Chemical Industries’ (SCIL) Q1FY23 EBITDA dipped 33% YoY, which was disappointing, due to lower revenue and higher opex. pdf Copy Link Share on Share on Share on Share on Alert
	09 Aug 2022	Sudarshan Chemical	ICICI Direct Reco Target	1051.60	515.00	455.45 (130.89%)	Target met	Hold	pdf post cache		Broker Report Sudarshan Chemical ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	28 Dec 2020	Sudarshan Chemical	Way2Wealth	1051.60		481.25 (118.51%)		Accumulate	pdf post cache		Broker Report Light House - A Quick Perspective - Sudarshan Chemical Industries Ltd.- 28 December 2020 Way2Wealth Incorporated in 1952, Sudarshan chemicals established itself as largest pigment producer in India (~35% market share) and the fourth-largest producer in the world. At the beginning it manufactured only inorganic pigments however gradually, expanded its product basket to organic, inorganic and effect pigments, which cover classical azo pigments, specialized azo pigments, high-performance pigments, pearlescent pigments, pthalos and pigment dispersions. Company's products offered under the brands - Sudaperm, Sudafast, Sudacolor, Sumica and Sumicos are sold to... pdf Copy Link Share on Share on Share on Share on Alert
	18 Feb 2020	Shree Pushkar	ICICI Securities Limited	389.10	145.00	129.70 (200.00%)	Target met	Hold	pdf post cache		Broker Report Shree Pushkar Chemicals ICICI Securities Limited Shree Pushkar Chemical and Fertiliser (SPCFL) reported better than estimated numbers with revenue growing 5% QoQ to \| 85.6 crore (YoY numbers not comparable due to unit 1 shutdown) led by higher growth from dyestuff & basic chemical. OPM improved 70 bps QoQ to 17.4% leading to EBITDA growth of 9% YoY to \| 14.9 crore, largely due to operational... pdf Copy Link Share on Share on Share on Share on Alert
	27 May 2019	Shree Pushkar	ICICI Securities Limited Reco Target	389.10	145.00	142.00 (174.01%)	Target met	Hold	pdf post cache		Broker Report Shree Pushkar Chemicals ICICI Securities Limited The company has been revamping unit I at MIDC Lote Parshuram with a capex of \| 5 crore. SPCFL' management believes this revamp will curb revenues by \| 55-60 crore in FY20 while the same is expected to recover in FY21 due to introduction of new products. We also expect this to improve... pdf Copy Link Share on Share on Share on Share on Alert
	28 May 2018	Sudarshan Chemical	Edelweiss Reco	1051.60	510.00	483.00 (117.72%)	Target met	Hold	pdf post cache		Broker Report Sudarshan Chemical Industries Ltd.\| Q4FY18 Result Update Edelweiss Sudarshan Chemical Industries Ltd. (Sudarshan) reported standalone Q4FY18 sales of INR 384 cr (INR 405 cr inclusive of discontinued operations of agrochemicals and its subsidiary Prescient Colors Ltd. pdf Copy Link Share on Share on Share on Share on Alert

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