28 Sep 2026, 12:01 IST
Sudarshan Chemical Industries Limited
HDFC Securities · REDUCE · target INR 1,028
The note maintains a REDUCE rating with the target price raised from INR 911 to INR 1,028 (CMP INR 1,219), saying the recent Clariant Muttenz asset acquisition and VP4 Frankfurt divestment represent disciplined post-Heubach portfolio rationalisation that should aid balance sheet deleveraging, with net debt/EBITDA seen improving from 0.85 in FY27 to 0.20 in FY30 and revenue/EBITDA/APAT CAGR of 6/14/40% over FY27-FY30E, while the stock trades at 54.5/27.8/23.4x FY28/29/30E EPS.
From Sudarshan Chemical Update Sep26 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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