Sudarshan Chemical Industries Ltd., incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 3161.95 Crore) operating in Chemicals sector.
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Promoters held 42.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 8.6 per cent, DIIs 3.8 per cent and public and others 44.9 per cent.
ICICI Securities has given an add rating to Sudarshan Chemical with a target price of Rs 533. The share price moved down by 2.73 per cent from its previous close of Rs 470.20. The stock’s last traded price is Rs 457.25.
Sudarshan Chemical Industries Ltd., incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 3161.95 Crore) operating in Chemicals sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 423.24 Crore, up 20.14 % from last quarter Sales of Rs 352.29 Crore and up 7.56 % from last year same quarter Sales of Rs 393.50 Crore Company reported net profit after tax of Rs 30.33 Crore in latest quarter.
Investment Rationale The brokerage increases target price to Rs533 (from Rs484) as it raises FY22 P/E multiple to 22x (from 20x). Promoter/FII Holdings Promoters held 42.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 8.6 per cent, DIIs 3.8 per cent and public and others 44.9 per cent.
