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Add Sumitomo Chemicals Ltd For Target Rs.520 - ICICI Securities Strong performance; Growth trajectory remains intact Sumitomo Chemicals reported strong revenue growth of 26% YoY during the quarter in-spite of delayed monsoon. We note (1) gross margin declined 96bps due to continued input material inflation; lower staff costs arrested the impact on EBITDA margin at 12bps YoY, (2) We believe Sumitomo has gained market shares from smaller players in Indian agrochemicals and (3) We also believe outsourcing of products to global group companies offers huge ...
Add Sumitomo Chemicals Ltd For Target Rs.520 - ICICI Securities
Add Sumitomo Chemicals Ltd For Target Rs.520 - ICICI Securities
Source: ICICI Securities Ltd
20/09/2022 2:34:43 PM
Sumitomo Chemical Q1 net profit up 30.40% at Rs 138.41 cr The company reported standalone net profit of Rs 138.41 crore for the quarter ended June 30, 2022 as compared to Rs 106.14 crore in the same period last year, registering a year-on-year growth of 30.40 per cent. Net revenue of the company rose substantially by 26.11 per cent at Rs 985.53 crore in April-June quarter of this fiscal as against Rs 781.50 crore in the corresponding period last year.  During April-June quarter, operating expenses increased by 26.35 per cent to Rs 797.70 crore...
Sumitomo Chemical Q1 net profit up 30.40% at Rs 138.41 cr
Sumitomo Chemical Q1 net profit up 30.40% at Rs 138.41 cr
Source: Dion Global Solutions Ltd
9/08/2022 3:28:10 PM
LKP Spade : A Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs.527 - LKP Securities Sumitomo Chemical India Ltd * The stock price has given a swing high breakout on the daily chart suggesting a rise in optimism. * Besides, the stock has moved above its previous consolidation on the weekly chart. * The daily RSI is in a bullish crossover. Sumitomo Chemical India Ltd Buy @ Rs.488 Stop Loss Below  Rs.Below Rs. 463 CB CB Target Rs. Rs. 512/527 Duration 1 Week   To Read Complete Report & Disclaimer Click ...
LKP Spade : A Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs.527 - LKP Securities
LKP Spade : A Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs.527 - LKP Securities
Source: LKP Securities Ltd
11/07/2022 12:55:37 PM
Stock of the week - Buy Sumitomo Chemical India Ltd For Target Rs. 546 By GEPL Capital Observation * Sumitomo chemicals has been moving in a strong uptrend since march 2020 as it maintains the higher highs and higher lows formation. * For past 10 months the stock is moving in a rounding bottom pattern which is an accumulation pattern. We can witness a volume pick up at every rise in a stock price which shows bullish undertone of the stock * The stock is showing relative outperformance as it trades just 8% lower from the life highs whereas Nifty is lower by about 1...
Stock of the week - Buy Sumitomo Chemical India Ltd For Target Rs. 546 By GEPL Capital
Stock of the week - Buy Sumitomo Chemical India Ltd For Target Rs. 546 By GEPL Capital
Source: GEPL Capital
23/05/2022 12:31:50 PM
Add Sumitomo Chemicals Ltd For Target Rs.440 - ICICI Securities Strong all round performance Sumitomo reported strong Q3FY22 with revenue growth of 26.1% YoY (two-year revenue CAGR of 16.3%). We note (1) while gross margins were flat YoY, lower staff costs and operating leverage improved its EBITDA margins 398bps YoY in Q3FY22 and (2) working capital investments increased in 9MFY22 due to significant increase in creditor days. We model Sumitomo to gain market shares from smaller players in Indian agrochemicals. We also believe outsourcing of products t...
Add Sumitomo Chemicals Ltd For Target Rs.440 - ICICI Securities
Add Sumitomo Chemicals Ltd For Target Rs.440 - ICICI Securities
Source: ICICI Securities Ltd
28/03/2022 2:32:52 PM
Buy Sumitomo Chemicals Ltd For Target Rs.520 - ICICI Direct Strong momentum from exports continues… About the stock: Incorporated in 2000, Sumitomo Chemical India (SCI) is present in the three business verticals of agro solutions (ASD), environmental health (EHD) and animal nutrition business (AND) SCI provides solutions for insecticide, herbicide, fungicide, plant growth regulator (PGR) under agro segment. Under animal nutrition, it manufactures methionine for feed additive use In terms of revenue contribution, insecticide constitutes...
Buy Sumitomo Chemicals Ltd For Target Rs.520 - ICICI Direct
Buy Sumitomo Chemicals Ltd For Target Rs.520 - ICICI Direct
Source: ICICI Direct
25/03/2022 3:27:43 PM
LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 470 - LKP Securities SUMICHEM * The stock appears to have sustained above the breakout point on the daily timeframe which shows the resilience of the bullishness in the stock. * The price on the daily chart has moved above the previous swing high. Also a higher bottom can be observed on the daily timeframe which is again a bullish set up. * The momentum oscillator is in bullish crossover and rising on the daily chart. Buy Sumitomo Chemical India Ltd @ 418-422 TGT 470 Stop Loss&nb...
LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 470 - LKP Securities
LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 470 - LKP Securities
Source: LKP Securities Ltd
7/02/2022 10:48:36 AM
Add Sumitomo Chemical India Ltd For Target Rs.425 - ICICI Securities Muted revenue growth; lower margins Sumitomo reported muted Q2FY22 with flat revenue growth of 0.9% YoY (two-year revenue CAGR of 4.8%). We note (1) while input prices have increased, the impact on EBITDA margin was arrested to -68bps, due to decline in staff cost and (2) likely increase in freight cost and ad-spends led to increase in other expenses (our view). We model Sumitomo to gain market shares from smaller players in Indian agrochemicals. We believe outsourcing of products to globa...
Add Sumitomo Chemical India Ltd For Target Rs.425 - ICICI Securities
Add Sumitomo Chemical India Ltd For Target Rs.425 - ICICI Securities
Source: ICICI Securities
1/12/2021 12:28:19 PM
Buy Sumitomo Chemical India Ltd For Target Rs.570 - Monarch Networth Capital Sumitomo Chemical India Ltd Stock had a sharp run up from 295 to 458 gaining more than 50% in just 3 months’ time (May to July). Post this sharp run up, stock has gone into consolidation mode and it has made pole & flag technical pattern formation. It is also in a strong upside momentum in Weekly as well as Monthly chart. It is facing supply pressure in 425-435 zone and once it takes out this level, it will head towards 500-570 levels very quickly Recommendation is to Buy abov...
Buy Sumitomo Chemical India Ltd For Target Rs.570 - Monarch Networth Capital
Buy Sumitomo Chemical India Ltd For Target Rs.570 - Monarch Networth Capital
Source: Monarch Networth Capital Ltd
11/10/2021 12:50:20 PM
Buy Sumitomo Chemicals Ltd For Target Rs.505 - ICICI Direct CRAMS offers strong visibility ahead… About the stock: Incorporated in 2000, Sumitomo Chemical India (SCI) is present in the three business verticals of agro solutions (ASD), environmental health (EHD) and animal nutrition business (AND). * SCI provides solutions for insecticide, herbicide, fungicide, plant growth regulator (PGR) under agro segment. Under animal nutrition, it manufactures methionine for feed additive use * In terms of revenue contribution, insecticide constitu...
Buy Sumitomo Chemicals Ltd For Target Rs.505 - ICICI Direct
Buy Sumitomo Chemicals Ltd For Target Rs.505 - ICICI Direct
Source: ICICI Direct
29/09/2021 9:46:32 AM
Add Sumitomo Chemicals Ltd For Target Rs.460 - ICICI Securities Strong all-round performance Sumitomo reported strong Q1FY22 with revenue growth of 20.7% (Two-year revenue CAGR of 11.8%). We note (1) While input prices have increased, the EBITDA margin expanded 80bps with better realizations, cost saving initiatives and operating leverage and (2) It has also continued its focus on reducing the working capital. It declined to 98 days in FY21 from 112 in FY20. We model the working capital to reduce to 94 days in FY23. We model Sumitomo to gain market ...
Add Sumitomo Chemicals Ltd For Target Rs.460 - ICICI Securities
Add Sumitomo Chemicals Ltd For Target Rs.460 - ICICI Securities
Source: ICICI Securities
21/09/2021 9:48:47 AM
Stock Picks - Buy Sumitomo Chemical Ltd For Target Rs. 445 - ICICI Direct Technical Observations * The stock after the last one months corrective decline is seen rebounding taking support at the 61.8% retracement of June – August up move and 50 day EMA thus offers fresh entry opportunity * We expect stock to resolve higher and head towards | 445 levels as it is the 80% retracement of its recent decline (|460—386) * Over past six weeks the stock has retraced 61.8% of its previous 6 weeks up move (|356-458). A slower pace of retracement high...
Stock Picks - Buy Sumitomo Chemical Ltd For Target Rs. 445 - ICICI Direct
Stock Picks - Buy Sumitomo Chemical Ltd For Target Rs. 445 - ICICI Direct
Source: ICICI Direct
31/08/2021 10:42:36 AM
Buy Sumitomo Chemicals Ltd For Target Rs.400 - ICICI Direct CRAMS offers strong visibility ahead… Sumitomo Chemicals reported topline growth of 20% YoY to | 534.3 crore against our expectation of | 500.8 crore. Revenue from the agrochemical segment was up 19.6% YoY to | 478.1 crore while the same from other segment remained at | 56.2 crore (up 19.7% YoY). Since the Rabi season was comparatively better this year, we believe better volume growth, along with rise in realisation owing to higher RMAT, supported growth for the quarter. OPM for the...
Buy Sumitomo Chemicals Ltd For Target Rs.400 - ICICI Direct
Buy Sumitomo Chemicals Ltd For Target Rs.400 - ICICI Direct
Source: ICICI Direct
6/07/2021 9:33:15 AM
Add Sumitomo Chemicals Ltd For Target Rs. 350 - ICICI Securities Outsourcing opportunities to the group companies Three highlights: (1) The company has focussed on improving product and segment mix in FY21. The speciality segment contributed 32% of FY21 revenues, 300bps improvement over FY20. The improved mix has led to 470bps higher EBITDA margin, (2) It has also continued its focus on reducing the working capital. It declined to 98 days in FY21 from 112 in FY20. We model the working capital to steadily reduce to 94 days in FY23 and (3) The co...
Add Sumitomo Chemicals Ltd For Target Rs. 350 - ICICI Securities
Add Sumitomo Chemicals Ltd For Target Rs. 350 - ICICI Securities
Source: ICICI Securities
5/07/2021 10:19:38 AM
LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 335 - LKP Securities * Stock is trading in rising channel and recently prices are bouncing after touching its lower band of the channel. * Decent volume activity has been seen every time it try bounce from lower band. * Both momentum indicator RSI & MACD are ranging in positive territory. Buy Sumitomo Chemical India Ltd @310-312 TGT 335 Stop Loss Below Rs. 296 CB Duration 1 Week   To Read Complete Report & Disclaimer Click Here Please refer dis...
LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 335 - LKP Securities
LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 335 - LKP Securities
Source: LKP Securities Ltd
17/05/2021 10:41:32 AM
Add Sumitomo Chemicals Ltd For Target Rs.340 - ICICI Securities Revenue mix improvement pushes margin up Three highlights from Sumitomo Q3FY21: (1) The company has focussed on premium products in 9MFY21 as there were multiple production constraints due to covid. Higher revenue share of premium products has led to 520bps higher EBITDA margin, (2) It has also continued its focus on reducing the working capital. We expect the working capital to steadily reduce to 104 days in FY23 from 112 days in FY20 and (3) The company is on track to gain market share ...
Add Sumitomo Chemicals Ltd For Target Rs.340 - ICICI Securities
Add Sumitomo Chemicals Ltd For Target Rs.340 - ICICI Securities
Source: ICICI Securities Ltd
9/03/2021 10:52:47 AM
Buy Sumitomo Chemicals Ltd For Target Rs.360 - ICICI Direct Higher speciality share to aid margins further… Sumitomo Chemical reported topline growth of 7.2% YoY to | 561 crore largely led by herbicide (+21% YoY), PGR (+57% YoY), animal nutrition & environmental health segments (+41% YoY). On the other hand, revenue from insecticide (-4.3% YoY, ~39% of revenue) and metal phosphides (-4% YoY, ~10% of revenue) stayed subdued, denting the topline performance to that extent. OPM for the quarter expanded 514 bps YoY to 13.9% owing to improve...
Buy Sumitomo Chemicals Ltd For Target Rs.360 - ICICI Direct
Buy Sumitomo Chemicals Ltd For Target Rs.360 - ICICI Direct
Source: ICICI Direct
3/03/2021 11:12:49 AM