Sudarshan Chemical Industries consolidated net profit declines 88.98% in the June 2024 quarter

Despite industry tailwinds, Sudarshan Chemical’s guidance remain unchanged

Sudarshan Chemical - Rising Opportunity From Industry Shake Up; Fairly Valued: ICICI Securities

ICICI Securities recommended hold rating on Sudarshan Chemical Industries with a target price of Rs 480 in its research report dated November 06, 2023.

Hold Sudarshan Chemical Industries; target of Rs 480: ICICI Securities

ICICI Direct recommended hold rating on Sudarshan Chemical Industries with a target price of Rs 560 in its research report dated August 10, 2023.

Hold Sudarshan Chemical Industries; target of Rs 560: ICICI Direct

HDFC Securities recommended reduce rating on Sudarshan Chemical with a target price of Rs 489 in its research report dated August 09, 2023.

Reduce Sudarshan Chemical; target of Rs 489: HDFC Securities

The company said during the June 2023 quarter, it concluded sale of its freehold land in Pune for Rs 356 crore.

Sudarshan Chemical hits 52-week high after Q1 profit jumps to Rs 267 crore

Sharekhan is bullish on Sudarshan Chemical Industries has recommended buy rating on the stock with a target price of Rs 530 in its research report dated May 24, 2023.

Buy Sudarshan Chemical Industries; target of Rs 530: Sharekhan

HDFC Securities recommended reduce rating on Sudarshan Chemical with a target price of Rs 454 in its research report dated May 24, 2023.

Reduce Sudarshan Chemical; target of Rs 454: HDFC Securities

Stock to buy today: Sudarshan Chemical Industries (₹440)

Even though Sudarshan Chemical managed to stage a swift recovery in EBITDA margin on a sequential basis, the company still has a significant ground to cover to bring operating performance at optimal levels.

Sudarshan Chemical soars 14% on strong sequential growth in Q4

The company plans to develop a premium residential project on the land parcel purchased from Sudarshan Chemical Industries Ltd (SCIL). It has a total development potential of over 1.5 million sq ft and an estimated revenue potential of around Rs. 2,500 crores.

Birla Estates acquires 5.76 acres in Pune, plans 1.5-million-sq-ft residential development

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sudarshan Chemical Industries Limited is a holding company which manufactures color and effect pigment.