Buy Sharda Cropchem; target of Rs 1330: Anand Rathi

Anand Rathi is bullish on Sharda Cropchem has recommended buy rating on the stock with a target price of Rs 1330 in its research report dated January 30, 2026.

Broker Research

February 01, 2026 / 12:20 IST

Buy

Anand Rathi's research report on Sharda Cropchem

Sharda Cropchem continued to outperform in Q3FY26, aided by healthy, 14% y/y volume growth, positive product-mix and favourable forex and market-share gain in its key regions. Growth momentum was aided by better demand especially in Europe and LatAm along with near complete de-stocking across major regions. We believe the prices have bottomed out and the management is confident of price hike in the nearterm, as the volume would rise with the company expanding its reach, penetrating markets and entering new ones. Further, the management remains very confident of sustaining growth momentum in Q4FY26e and FY27e led by improved demand and pricing scenario.

Outlook

Expecting its revenue/EBITDA/PAT to clock 15/27/34% CAGR over FY25-28e, we retain BUY rating on the stock with a revised TP of Rs1,330 (from Rs1,250 earlier), valuing it at 17x FY28e EPS.

For all recommendations report, click here