|
17 Sep 2025 |
PCBL
|
Consensus Share Price Target
|
390.55 |
469.10 |
- |
20.11 |
buy
|
|
|
|
|
13 Jul 2023
|
PCBL
|
ICICI Securities Limited
|
390.55
|
200.00
|
163.15
(139.38%)
|
Target met |
Buy
|
|
|
PCBL witnessed healthy Q1FY24 volume growth of 12.5% YoY in carbon black driven by 22.6% rise in export volumes, which indicates that the strong overseas market opportunity is playing out.
|
|
13 Jun 2023
|
PCBL
|
ICICI Direct
|
390.55
|
200.00
|
146.10
(167.32%)
|
Target met |
Buy
|
|
|
|
|
18 May 2023
|
PCBL
|
SBI Securities
|
390.55
|
152.00
|
130.70
(198.81%)
|
Target met |
Buy
|
|
|
|
|
16 May 2023
|
PCBL
|
IDBI Capital
|
390.55
|
152.00
|
129.20
(202.28%)
|
Target met |
Buy
|
|
|
|
|
16 May 2023
|
PCBL
|
ICICI Direct
|
390.55
|
180.00
|
129.20
(202.28%)
|
Target met |
Buy
|
|
|
|
|
16 May 2023
|
PCBL
|
ICICI Securities Limited
|
390.55
|
180.00
|
130.45
(199.39%)
|
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
|
390.55
|
155.00
|
120.15
(225.05%)
|
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
|
390.55
|
170.00
|
120.15
(225.05%)
|
Target met |
Buy
|
|
|
|
|
31 Oct 2022
|
PCBL
|
ICICI Securities Limited
|
390.55
|
170.00
|
129.80
(200.89%)
|
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
|
390.55
|
170.00
|
128.90
(202.99%)
|
Target met |
Buy
|
|
|
|