|
01 Jun 2025 |
PCBL
|
Consensus Share Price Target
|
398.60 |
476.33 |
- |
19.50 |
buy
|
|
|
|
|
16 May 2023
|
PCBL
|
IDBI Capital
|
398.60
|
152.00
|
129.20
(208.51%)
|
Target met |
Buy
|
|
|
|
|
16 May 2023
|
PCBL
|
ICICI Direct
|
398.60
|
180.00
|
129.20
(208.51%)
|
Target met |
Buy
|
|
|
|
|
16 May 2023
|
PCBL
|
ICICI Securities Limited
|
398.60
|
180.00
|
130.45
(205.56%)
|
Target met |
Buy
|
|
|
Though PCBL witnessed 6% YoY growth in its carbon black volumes in Q4FY23, destocking remained a pain. For FY24, the company expects carbon black volume growth of ~15% driven by restocking and ramp-up at the Chennai facility, and 25% volume growth in specialty.
|
|
03 Feb 2023
|
PCBL
|
ICICI Securities Limited
|
398.60
|
155.00
|
120.15
(231.75%)
|
Target met |
Buy
|
|
|
PCBL’s carbon black volume in Q3FY23 declined 13% YoY mainly on account of de- stocking to protect from cut in prices. Carbon black prices in Q4FY23 are likely to dip by US$200/te due to fall in input prices.
|
|
02 Feb 2023
|
PCBL
|
ICICI Direct
|
398.60
|
170.00
|
120.15
(231.75%)
|
Target met |
Buy
|
|
|
|
|
31 Oct 2022
|
PCBL
|
ICICI Securities Limited
|
398.60
|
170.00
|
129.80
(207.09%)
|
Target met |
Buy
|
|
|
Phillips Carbon Black’s (PCBL) Q2FY23 gross profit/kg was at a healthy Rs32.4, but a tad below our estimate due to normalisation of spreads in the spot market.
|
|
27 Oct 2022
|
PCBL
|
ICICI Direct
|
398.60
|
170.00
|
128.90
(209.23%)
|
Target met |
Buy
|
|
|
|
|
25 Jul 2022
|
PCBL
|
IDBI Capital
|
398.60
|
149.00
|
121.50
(228.07%)
|
Target met |
Buy
|
|
|
|
|
22 Jul 2022
|
PCBL
|
ICICI Direct
|
398.60
|
160.00
|
116.00
(243.62%)
|
Target met |
Buy
|
|
|
|
|
20 Apr 2022
|
PCBL
|
ICICI Direct
|
398.60
|
160.00
|
112.10
(255.58%)
|
|
Buy
|
|
|
|