Buy Kesar petroproducts; tgt of Rs 480: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research's reserach report on Kesar petroproductsKesar Petroproducts Ltd. began its journey in 2010 and slowly incorporated the business of Shreyas Intermediates Ltd. into its fold. Today, the company is the leading manufacturers of Phthalocyanine Blue Crude and its downstream products in India and contributes upto 15% of the entire Copper Phthalocyanine market of India. The company has a global presence in 15 countries.The production capacity of Kesar Petroproducts in Copper Phthalocyanine Blue Crude is 1500 metric tons per month, in Alpha Blue is 200 metric tons per month and in Pigment Green 7 is 50 metric tons per month. By July 2015, the company also planed to expand their operations in the Beta Blue market with a production capacity of 250 metric tons per month. This rapidly growth production capacity makes one of the most progressive players in the industry. The Founder of Kesar Petroproducts Ltd. – Mr. Dinesh Sharma finds pride in being a part of one of the most thriving pigment company in India.He completed his CA in 1980 and has graduated in lawHe started this company with the sole aim of expanding that vertical of the chemical industry in the country which majorly had international players in the market.Kesar Petroproducts Ltd. has a strong team with sound and expert knowledge of the industry working under the guidance of Mr. Dinesh Sharma. The team is highly skilled in R&D and actively involved in the business administration of Kesar PetroproductsWe expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.460.00 for Medium term investment.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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