Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 6807.31 Crore) operating in Chemicals sector.
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Promoters held 70.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 3.5 per cent, DIIs 13.1 per cent and public and others 12.5 per cent.
ICICI Securities has given a buy rating to Galaxy Surfactants with a target price of Rs 2298. The share price moved down by 1.54 per cent from its previous close of Rs 1944.15. The stock’s last traded price is Rs 1914.30.
Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 6807.31 Crore) operating in Chemicals sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 718.68 Crore, up 18.37 % from last quarter Sales of Rs 607.16 Crore and up 10.77 % from last year same quarter Sales of Rs 648.82 Crore. Company reported net profit after tax of Rs 81.74 Crore in latest quarter.
Investment Rationale The brokerage believes Galaxy’s valuations are reasonable at 22xFY22E and 19xFY23E EPS. It raises target price to Rs 2,298 (from Rs2,133) as it rollover valuations to Sep’22. Promoter/FII Holdings Promoters held 70.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 3.5 per cent, DIIs 13.1 per cent and public and others 12.5 per cent.
