1614.85 -2.20 (-0.14%)
8,023 Volume
NSEJan 20, 2021 02:09 PM
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Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2019-11-11 | BASF India Ltd. + | Emkay | 990.35 | 1115.00 | 990.35 (63.06%) | Target met | Hold | Q2FY20 revenues were above our estimates, mainly due to a change in revenue recognition m...
Emkay
Q2FY20 revenues were above our estimates, mainly due to a change in revenue recognition model. Revenue was up 24% yoy to Rs20.7bn (our est. of Rs17.5bn). EBITDA stood at Rs761mn vs. our est. of Rs669mn. Strong growth in Agriculture solutions (+17%), Industrial Solution (+10%) and Nutrition & Care (+82%) segments was partially offset by its Materials segment (-7%). The company has switched to a merchandise business model from an agency business model, due to which, the Chemicals segment revenues jumped eightfold yoy to Rs3.1bn. 166bps/189bps yoy while the Nutrition & care segment and Surface Technologies segments...
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