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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.
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