Time interval given by analyst is one 12 months when . value can attain outlined goal.
Chemical substances Ltd., included within the 12 months 1979, is a Small Cap firm (having a market cap of Rs 16288.37 Crore) working in Chemical substances sector.
Alkyl Amines Chemical substances Ltd. key Merchandise/Income Segments embody Amine Derivatives, Speciality Chemical substances, Processing Fees, Export Incentives, Scrap, Different Working Income, Gases Industrial for the 12 months ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the corporate reported a Standalone Whole Earnings of Rs 477.68 Crore, up 11.33 % from final quarter Whole Earnings of Rs 429.06 Crore and up 21.23 % from final 12 months identical quarter Whole Earnings of Rs 394.04 Crore. Firm reported internet revenue after tax of Rs 81.88 Crore in newest quarter.
Funding Rationale
The brokerage maintains SELL on Alkyl Amines with a value goal of INR 2,400 (WACC 11%, terminal development 5%). The inventory is presently buying and selling at ~47x FY24E EPS. It believes that the present valuation already components in positives from potential quantity development, put up doubling of the acetonitrile plant capability and ~40% extra capacities of the aliphatic amines plant. The unstable uncooked materials costs can proceed to place strain on the margin within the close to time period. EBITDA/APAT had been 62/68% above estimates, owing to a 17% rise in gross sales, lower-than-expected uncooked materials price, and lower-than-anticipated tax outgo.
Promoter/FII Holdings
Promoters held 72.0 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 2.28 per cent, DIIs 1.26 per cent.
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