Sudarshan Chemical Q1 Results Review - Core Business On Steady Growth Path: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Sudarshan Chemical Industries Ltd.’s Q1 FY25 pigments performance was marginally ahead of our estimates, though subsidiary RIECO Industries’ Ebitda loss impacted consolidated performance. Pigment gross margin came at 47.2% (+430 basis points YoY/ +320 bps QoQ) on improved spreads and rampup in specialty pigments (+11% YoY).Management hinted at being able to achieve full capacity utilization in three years (versus four years earlier) for pigments given increased enquiries/ engagement from customers, accelerated by industry consolidation. It alluded that, ~47% gross margin for pigment can be sustained while Ebitda margin increases on operating leverage benefits.We continue to be positive on Sudarshan Chemicals and revise our earnings per share estimates upwards by 5%/10% for FY25/26 as we factor-better pigment volume and margin and weaker RIECO profitability in the near term. .Maintain ‘Buy’ rating with revised target price of Rs 1105 at 26 times FY26E EPS (from Rs 1000 earlier)..Click on the attachment to read the full report:.Tata Chemicals Q1 Results Review - Pricing Pressure Continues To Hurt Performance: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sudarshan Chemical Q1 Results Review - Core Business On Steady Growth Path: Dolat Capital

The brokerage continues to be positive on the company and revise its earnings per share estimates upwards by 5%/10% for FY25/26.

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Sudarshan Chemical Q1 Results Review - Core Business On Steady Growth Path: Dolat Capital

The brokerage continues to be positive on the company and revise its earnings per share estimates upwards by 5%/10% for FY25/26.

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