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Sumitomo Chemicals India: Steady margin profile catches attention

The company’s superior execution in recent quarters makes it worthy of tracking. We see huge business opportunities emerging from the parent and group companies; investors can buy the stock on market dips

June 24, 2022 / 09:51 AM IST
Sumitomo Chemicals India: Steady margin profile catches attention

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Sumitomo Chemical India Ltd (SCIL; CMP: Rs 414; M Cap: Rs 20,682 crore), the subsidiary of Sumitomo Chemical Company (SCCL), Japan, has posted a good show in Q4FY22. The year-on-year (YoY) sales growth of 24 percent was driven by the traction in exports (22 percent of sales) and price hikes in the domestic market. While the company’s superior execution in recent quarters makes it a worthy watch, we see a huge growth runway for the company from the business opportunities...

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