878.15 0.05 (0.01%)
NSEJan 21, 2021 12:39 PM
The 6 reports from 6 analysts offering long term price targets for Rossari Biotech Ltd. have an average target of 912.00. The consensus estimate represents an upside of 3.85% from the last price of 878.15.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-11-16||Rossari Biotech Ltd. +||Edelweiss||777.50||912.00||777.50 (12.95%)||Target met||Buy|
|2020-09-21||Rossari Biotech Ltd. +||Geojit BNP Paribas||768.95||0.00||768.95 (14.20%)||IPO Note|
Geojit BNP Paribas
A niche playermargin expansion support rich valuation Rossari Biotech Limited (RB) is one of the leading manufacturer of specialty chemicals in India with a diversified product profile of 2,030 products. Also largest manufacturer of textile specialty chemicals in India. Its main product categories include; (a) Home, personal and performance chemicals, (b) textile specialty chemicals and (c) animal health and nutritional products. RB has...
|2020-07-13||Rossari Biotech Ltd. +||Nirmal Bang||IPO Subscribe|
Between FY17-20 Rossari Biotech's revenues have grown at CAGR of 37% while EBIDTA grew at higher pace of 63% CAGR. We expect Rossari to grow at 15-18% CAGR for next 2-3 years which is ahead of industry growth. We expect EBITDA margins to improve from hereon, on the back of (a) improved margins in HPPC segment (b) benefits coming from recently commenced Dahej facility (c) increased economies of scale. We have compared Rossari Biotech with all the leading specialty chemicals companies and found it to be better in almost all financial parameters. The issue price commands P/E of 33.7x (FY20) at the upper price of band of Rs 423-425, which is at upper end of the industry. However, going forward the higher revenue growth, improving profitability would make it a better choice among peers. We recommend Subscribe on the issue for listing as well as long term gains.
|2020-07-13||Rossari Biotech Ltd. +||Ashika Research||IPO Subscribe|
Rossari Biotech Ltd. is one of the leading specialty chemicals manufacturing companies in India based on sales for FY19 providing customized solutions to specific industrial and production requirements of their customers primarily in the FMCG, apparel, poultry and animal feed industries through company's diversified product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals; and animal health and nutrition products. The company operates in India as well as in 17 foreign countries including Vietnam, Bangladesh and Mauritius. According to the F&S; Report, as on September 30, 2019, the company is one of the largest manufacturer of textile specialty chemicals in India providing textile specialty chemicals in a sustainable, eco-friendly yet competitive manner. Rossari's business is organized in three main product categories (i) home, personal care and performance...
|2020-07-13||Rossari Biotech Ltd. +||Way2Wealth||IPO Subscribe|
Company was initially incorporated as Rossari Labtech on March 6, 2003, as a partnership firm however subsequently was changed into company and named Rossari Biotech Ltd on 5th December 2003. Rossari Biotech is one of the leading specialty chemicals manufacturing companies in India providing customized solutions to requirements of their customers primarily in the FMCG, apparel, poultry and animal feed industries through company's diversified product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals and animal health and nutrition products. The company operates in India as well as in 17 foreign countries including Vietnam, Bangladesh and Mauritius etc. The company...
|2020-07-11||Rossari Biotech Ltd. +||HDFC Securities||IPO Note|