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12 Sep 2025 |
Sumitomo Chemical
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Consensus Share Price Target
|
570.00 |
627.67 |
- |
10.12 |
buy
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08 Jun 2020
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Sumitomo Chemical
|
ICICI Securities Limited
|
570.00
|
315.00
|
267.40
(113.16%)
|
Target met |
Buy
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Given that majority of sectors in the domestic market were impacted due to lockdown along with demand/supply side challenges, only agricultural sector remained immune during this turbulent phase. This is evident from the fact of highest ever fertiliser sales ahead of Kharif season. This should also bolster the growth outlook for agrochemicals. Further, locust impact during Q1 should also improve the growth outlook for some agrochem companies like Sumitomo given it has a strong presence in few molecules for insecticide segment. H1 has around 65% share in overall revenue of the...
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28 Apr 2020
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Sumitomo Chemical
|
ICICI Securities Limited
|
570.00
|
280.00
|
243.00
(134.57%)
|
Target met |
Buy
|
|
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Incorporated in year 2000, Sumitomo Chemical India (SCI) is into agrochemical, animal nutrition and environmental health solutions. The company has been selling proprietary products of its parent in the domestic market. With the recent merger of Excel Crop Care (ECC), we expect the business portfolio of the merged entity to expand across different crops given the former is present in staple crops as against SCI that is in fruits & vegetables. Further, better distribution reach across key geographies in domestic as well as export markets would provide revenue synergies to the...
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