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Entry Price

118.00

Target

145.00

Recommend Date

18-02-2020

Return

22.88 %
BUY

Date : 18-02-2020

Shree Pushkar Chemical and Fertiliser (SPCFL) reported better than estimated numbers with revenue growing 5% QoQ to | 85.6 crore (YoY numbers not comparable due to unit 1 shutdown) led by higher growth from dyestuff & basic chemical. OPM improved 70 bps QoQ to 17.4% leading to EBITDA growth of 9% YoY to | 14.9 crore, largely due to operational efficiency. Bottomline grew 24% YoY to | 10 crore owing to lower tax outgo.