507.45 21.70 (4.47%)

74.92% Gain from 52W Low

1.5M Volume High vol. this week

NSEDec 04, 2020 03:31 PM



507.45
4.47%
HDFC Securities
Two major global players shifting away from the pigment business could act as a tailwind for Indian pigment manufacturers. We believe SCIL is in a sweet spot to seize this opportunity by offering products similar to those of global players. We initiate coverage on the stock with a BUY recommendation. Our DCF-based target price of INR 550/sh (WACC of 10% and terminal growth rate of 3%) implies an upside of 21.5% from the current level (implied PE of 24x). For the period over August-16 to November-20, the stock of Sudarshan Chemical Industries Ltd (SCIL) was merely up by 10%, despite EBITDA expanding at a 10% CAGR, and PAT doubling at a 19% CAGR. This is after considering the 48% stock rally from its March-20 lows until November. SCIL plans to become the third-largest pigment manufacturer globally by developing R&D; capabilities, operational efficacy, and expanding to new geographies. Global scale is the key to success in the pigment business.
Sudarshan Chemical Industries Ltd. is trading above all available SMAs
507.45
4.47%
buy
Sharekhan
Sudarshan Chemical Industries Limited (SCIL) reported better-than-expected recovery in revenue at Rs. 429 crore (up 1% y-o-y versus our expectation of 4.9% y-o-y drop), led by better performance in the domestic business. EBITDA margin was in-line at 15.4% (up 75 bps y-o-y). Strong recovery was seen in August-September in the domestic business (up 70% q-o-q) across...
HDFC Securities released a Buy report for Sudarshan Chemical Industries Ltd. with a price target of 550.0 on 20 Nov, 2020.
507.45
4.47%
ICICI Securities Limited
Q2 results were better than I-direct estimates on all fronts. The company's operations and demand from end users are reverting to normal as the economy opens up. Despite a challenging year, Sudarshan has reiterated its growth capex plan of | 585 crore (though delayed amid Covid), which shows its strong visibility and commitment towards future growth. Its strong track record, with favourable macro factors and strong domestic demand are key catalysts for it. Margins are also likely to improve due to backward integration, change in product mix towards margin accretive products. We...
Sudarshan Chemical Industries Ltd. average weekly volume is high.
507.45
4.47%
Sudarshan Chemical I.. has an average target of 563.00 from 4 brokers.
507.45
4.47%
buy
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Sudarshan Chemical Industries Ltd. has gained 26.39% in the last 1 Year
507.45
4.47%
Edelweiss
Sudarshan Chemical Industries Ltd. (Sudarshan) reported volume growth of 10% in Q1FY19 while registering an overall revenue growth of 14%.
Sudarshan Chemical Industries Ltd. is trading above all available SMAs
507.45
4.47%
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.
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Sudarshan Chemical I.. has an average target of 563.00 from 4 brokers.
507.45
4.47%
Edelweiss
Sudarshan Chemical Industries Limited (Sudarshan) Q3FY18: Sudarshan reported results above our estimates with robust sales pigment growth in both the domestic and export markets while margins...
Sudarshan Chemical Industries Ltd. has gained 15.11% in the last 1 Month
507.45
4.47%
Edelweiss
Sudarshan Chemical Industries Ltd. (Sudarshan) reported standalone Q2FY18 sales of INR 352 cr, 7% below our estimates but up 6% YoY.
Sudarshan Chemical I.. has an average target of 563.00 from 4 brokers.
507.45
4.47%
Edelweiss
Sudarshan Chemical Industries Ltd. (Sudarshan) reported standalone Q4FY17 sales at INR 334 cr, 5% below our estimates but up 5% YoY.
HDFC Securities released a Buy report for Sudarshan Chemical Industries Ltd. with a price target of 550.0 on 20 Nov, 2020.