Anand Rathi has given Buy recommendation for Sudarshan Chemicals with a target price of Rs. 850 in its research report issued on Jun 01, 2021

Anand Rathi’s research report on Sudarshan Chemicals

Backed by good demand domestically, in exports and across product categories, Sudarshans’ Q4 revenue climbed 28.4% y/y, 13.9% q/q to Rs5.7bn, its highest. Considering its large ongoing expansions, launch of key products in Q2 FY22, leading position and focus on high-margin products, we are upbeat about its future performance.


We maintain our stock rating with a higher TP of Rs850 (29x FY23e EPS), earlier Rs650.