Buy Chaman Lal Setia Exp; tgt of Rs 78: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research's report on Chaman Lal Setia Exports

“Chaman Lal Setia Exports Ltd was incorporated as a Partnership firm in 1983, under the name and style as Chaman Lal & Sons. Subsequently, the firm was converted into a public limited company and registered as Chaman Lal Setia Exports Limited with the Registrar of Companies, Punjab, H. P. and Chandigarh, at Jalandhar. The company manufactures, markets, and sells basmati and parboiled rice in India. The company offers sella rice, bhatti sella, rice for diabetic people, smoked rice, and pesticide residue free rice. It provides its products under the Maharani and Begum Water Filter brand names. The company also exports its products.”

“Revenue for the 3rd quarter of FY15 rose by 39.05% to Rs. 1290.99 million from Rs. 928.41 million, when compared with the prior year period. Net profit for the quarter fallen by 22.49% to Rs. 40.40 million from Rs. 52.12 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs. 4.29 a share during the quarter as against Rs. 5.53 over previous year period. EBITDA is Rs. 78.96 million in Q3 FY15 and decrease of 10.92% over the prior period of previous year.”

“At the current market price of Rs. 66.50, the stock P/E ratio is at 3.59 x FY15E and 3.26 x FY16E respectively. Earnings per share (EPS) of the company for the earnings for FY15E and FY16E are seen at Rs. 18.53 and Rs. 20.37 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 33% and 17% over 2013 to 2016E respectively. On the basis of EV/EBITDA, the stock trades at 3.54 x for FY15E 3.33 x for FY16E. Price to Book Value of the stock is expected to be at 0.96 x and 0.78 x respectively for FY15E and FY16E. We recommend ‘BUY’ in this particular scrip with a target price of Rs. 78.00 for Medium to Long term investment”, says Firstcall Research report.

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