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Last Updated : Feb 23, 2017 05:19 PM IST | Source: Moneycontrol.com

Hold Vinati Organics; target of Rs 711: CD Equisearch

CD Equisearch recommended hold rating on Vinati Organics with a target price of Rs 711 in its research report dated February 22, 2017.

 
 
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CD Equisearch's research report on Vinati Organics


Vinati Organics (VOL), a specialty chemical company, manufactures monomers, polymers and other specialty products. It has grown to become the world's largest manufacturer of Isobutylbenzene (IBB) and second largest manufacturer of 2-Acrylamido 2-Methylpropane Sulfonic Acid (ATBS). The company's products are exported to customers in countries across Europe, America and Asia.


Outlook


Given the present global scenario, overdependence on exports can prove to be fatal- increasing tariff levels, bilateral agreements; Vinati’s pricing policy will be of little use then. Weighing odds, we revise our rating to ‘hold’ with a target of Rs 711 based on 25x FY18e earnings within a period of 6-9 months.

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First Published on Feb 23, 2017 05:19 pm
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