Brokerage Sees Return Potential Of 47% In This Chemical Stock, Target Price Rs 1069

Brokerage firm Nuvama Institutional Equities is bullish on Anupam Rasayan India Ltd and sees a return potential of up to 47%. Nuvama has given buy call to Anupam Rasayan with a target price of Rs 1069 apiece with return up to 47%. Check key takeaways below:

1. Anupam Rasayan India Ltd Stock Outlook

The last trading price of Anupam Rasayan is Rs 725 apiece on BSE with its 52-week high at Rs 1106 apiece and 52-week low at Rs 547 apiece, respectively. The stock is currently trading at a discount of 34.45% from its 52-week high level.

2. Anupam Rasayan 5-Years Return

The stock has given a return of 37% in last 5 years, negative 10% return in last 1 year, and negative 16% return in last 6-months.

3. Anupam Rasayan India Ltd Market Capitalisation And Growth Prospects

The current market capitalisation of Anupam Rasayan India is Rs 7,770.79 crore. According to Nuvama, "Due to the uptick in fixed asset/TO 1.2x from 0.9x and focus on working capital reduction, we reckon Anupam's RoCE would rise from 11% to 18% by FY25E. Given its large Rs 1,000 crore Capex in place and a recent order adding Rs 475 crore/year of revenue visibility, we estimate a 30% revenue CAGR over FY22-25E. PAT, meanwhile, would outpace to a 38% CAGR on the back of operating leverage."

4. Anupam Rasayan India About

Anupam Rasayan India Limited is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. Its business verticals are (i) life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and (ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.

Disclaimer

The stock has been picked from the brokerage report of Nuvama Institutional Equities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.