Buy Sudarshan Chemical Industries, target price Rs 585: Anand Rathi

Anand Rathi has buy call on Sudarshan Chemical Industries with a target price of Rs 585. The current market price of Sudarshan Chemical Industries is Rs 420.8.

Sudarshan Chemical Industries Ltd., incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 2859.09 Crore) operating in Chemicals sector.

Sudarshan Chemical Industries Ltd. key Products/Revenue Segments include Inorganic Pigments, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 554.99 Crore, down -11.75 % from last quarter Total Income of Rs 628.87 Crore and up 16.94 % from last year same quarter Total Income of Rs 474.59 Crore. Company reported net profit after tax of Rs 7.08 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 35.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.03 per cent, DIIs 13.0 per cent.