Add Chemplast Sanmar, target price Rs 665: ICICI Securities

ICICI Securities has add call on Chemplast Sanmar Ltd. with a target price of Rs 665. The current market price of Chemplast Sanmar is Rs 580.35.

Chemplast Sanmar Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1187.55 Crore) operating in Chemicals sector.

Chemplast Sanmar Ltd. key Products/Revenue Segments include Specialty Chemicals, Scrap, Export Incentives and Lease Rentals for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1063.34 Crore, up 18.05 % from last quarter Total Income of Rs 900.75 Crore and down -9.72 % from last year same quarter Total Income of Rs 1177.76 Crore. Company reported net profit after tax of Rs -31.13 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.99 per cent stake in the company as of 31-Mar-2024, while FIIs owned 10.83 per cent, DIIs 28.15 per cent.