Manufacturer of dye intermediates, reactive dyes, cattle feed , fertilisers, acid complex .
In 1993 company was engaged in trading of chemicals. It switched to manufacturing of dye intermediates from 2000 .Over the last 15 years company has done backward integration by putting up capacities for manufacturing RMs used in dye intermediates.
As per recent concall:
Expectation of recovery in the fertilizer segment in Q4 FY24
Optimism about future growth and potential revenue of approximately Rs. 900 crores to Rs. 1,000 crores in a normal market scenario
Considering the EBITA margin @10% on conservative basis as per management; the company can report a net profit of 55-60 cr translating into EPS of 17-18.
On technical parameters company has retest the life high of 320 in april'22 and since then moving sideways. If the company is able to cross 230 levels we may see 320 level in next 6-12 months.
In 1993 company was engaged in trading of chemicals. It switched to manufacturing of dye intermediates from 2000 .Over the last 15 years company has done backward integration by putting up capacities for manufacturing RMs used in dye intermediates.
As per recent concall:
Expectation of recovery in the fertilizer segment in Q4 FY24
Optimism about future growth and potential revenue of approximately Rs. 900 crores to Rs. 1,000 crores in a normal market scenario
Considering the EBITA margin @10% on conservative basis as per management; the company can report a net profit of 55-60 cr translating into EPS of 17-18.
On technical parameters company has retest the life high of 320 in april'22 and since then moving sideways. If the company is able to cross 230 levels we may see 320 level in next 6-12 months.