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    HomeNewsBusinessStocksReduce Alkyl Amines; target of Rs 2294: HDFC Securities

    Reduce Alkyl Amines; target of Rs 2294: HDFC Securities

    HDFC Securities recommended reduce rating on Alkyl Amines with a target price of Rs 2294 in its research report dated May 12, 2023.

    Broker Research
    May 14, 2023 / 22:43 IST
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      26 Aug, 2025 12:21
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      HDFC Securities' research report on Alkyl Amines

      We believe that the current valuation already factors in positives from potential volume growth, after doubling of the acetonitrile plant capacity and ~40% additional capacities of the aliphatic amines plant. EBITDA/APAT were 14/20% below our estimates, owing to higher-than-expected raw material cost, higher-than-anticipated depreciation, and lower-than-anticipated other income.

      Outlook

      We maintain REDUCE on Alkyl Amines (AACL) with a price target of INR 2,294 (WACC 12%, terminal growth 5%). The stock is currently trading at ~37x FY25E EPS.

      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.

      Alkyl Amines - 13 -05 - 2023 - hdfc
      Broker Research
      first published: May 14, 2023 10:43 pm

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