Neutral Tata Chemical; target of Rs 1110: Motilal Oswal

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Motilal Oswal's research report on Tata Chemical

TTCH’s consolidate EBITDA grew 47%, primarily led by higher realization per MT in the US (up 38% YoY/25% QoQ) and the UK (up 54% YoY/down 2% QoQ). Consequently, EBITDA/MT improved in the US by 52% YoY to USD91 and in the UK by 6.9x YoY to GBP144, aided by cost moderation and high realization.

Outlook

Factoring in a strong 4QFY23 performance in the US and the UK region, we raise our FY24/FY25 EBITDA estimates by 14%/11%. We reiterate our Neutral rating with an SoTP-based TP of INR1,110.

For all recommendations report, 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.

Tata Chemical - 05 -05 - 2023 - moti