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Buy Galaxy Surfactants; target of Rs 3760: Motilal Oswal

Motilal Oswal is bullish on Galaxy Surfactants recommended buy rating on the stock with a target price of Rs 3760 in its research report dated January 18, 2024.

January 21, 2024 / 14:07 IST
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Buy

Motilal Oswal's research report on Galaxy Surfactants

GALSURF is one of the leading players in the world of Surfactants and Specialty Care ingredients, exclusively focused on catering to the Home and Personal Care industry. Nine out of the 10 Indian consumers incorporate GALSURF’s Surfactants or Specialty Care products at least once in their daily routine. We hosted the company for investor meetings. Below are the key highlights from the same.

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Outlook

The stock is currently trading at ~25x FY25E EPS of INR111.5 and ~15x FY25E EV/EBITDA. We value the company at 30x Dec’25E EPS to arrive at a TP of INR3,760. We reiterate our BUY rating on the stock.