Buy Sumitomo Chemical India, target price Rs 520: ICICI Direct

ICICI Direct has buy call on Sumitomo Chemical India with a target price of Rs 520. The current market price of Sumitomo Chemical India is Rs 424.65. Time period given by analyst is one year when Sumitomo Chemical India Ltd. price can reach defined target.

Sumitomo Chemical India Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 21213.69 Crore) operating in Pesticides/Agro Chemicals sector.

Sumitomo Chemical India Ltd. key Products/Revenue Segments include Agrochemicals, Export Incentives, Other Operating Revenue, Commission and Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 713.33 Crore, down -22.31 % from last quarter Total Income of Rs 918.22 Crore and up 25.95 % from last year same quarter Total Income of Rs 566.36 Crore. Company reported net profit after tax of Rs 88.93 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 1.69 per cent, DIIs 6.34 per cent.