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PratapDarpan > Blog > Market Insight > Sudarshan Chemical, Target Price Rs. 835: ICICI Securities
Market Insight

Sudarshan Chemical, Target Price Rs. 835: ICICI Securities

PratapDarpan
Last updated: 24 February 2025 10:17
PratapDarpan
4 months ago
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Sudarshan Chemical, Target Price Rs. 835: ICICI Securities
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ICICI Securities maintained its hold on Sudarshan Chemical Industries Limited, the target price of 8353535 (previously RS980). The current market price of Sudarshan Chemical Industries is Rs 878. Sudarshan Chemical, included in 1951, is a mid -cap company, with a market cap of Rs 6887.70 crore operating in the chemicals.

The key products/income segment of Sudarshan Chemical includes inorganic pigments, export incentives and other operating petting income for the year ending 31 -MR -2024.

Investment
Sudarshan Chemical Industries’ Q3FY25 pigment business revenue has increased to 15.3% Yoy aided by the export business, while the domestic business was weak due to participating in the coating segment. It expects to reach peak usage from the new capex that started in the next 18 months, with the pigment revenue being Rs. 30 billion. 280 BP QQ SCL? Dipping no gross profit margin was disappointing; However, repeated to achieve the total profit margin of over 45% for the financial year 25 and to sustain it, despite quarterly instability. The consumption of SCL Hubach acquisition is close and plans to convert business in the first year of operation. ICICI Securities reduce EPS 6-15% than FY 25/26E, and target cost 835 (from Rs. 980) because they evaluate on FY 27E but cut P/E to 20x (from 25x). They are maintaining the hold of Call.

Financial
In the quarter ended 31-12-2024, the company has registered a consolidated total revenue of Rs 670.92 crore, which was Rs. The total revenue of Rs 701.06 crore is -4.30 % and the total revenue of last year was Rs. 570.02. Crores. The company has made a net profit after a tax of Rs 51 crore in the latest quarter.

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    The company’s top management includes Sripradep R Rathi, Mr. Naresh T Rising, Mr. Subramanian Padmanabhan, Mr. Damnia, Mrs. Rathi F Forbes, Mr. Sanjay or Asher, Mr. Anuj N Rathi, Sreishish Vij. , Srirajesh B Rathi, Smt. The company has SRBC & Co LLP as its iTors Deaters. As of 31-12-2024, the company has a total of 7 million shares.

    Promoter/FII Holdings
    As of December 31 -December 2018, the promoters had 26.83 per cent stake in the company, while FIIs were 8.44 per cent, DIIS 18.35 per cent.

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