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Last Updated : Jul 13, 2020 02:29 PM IST | Source: Moneycontrol.com

Subscribe to Rossari Biotech: Geojit

Geojit Rossari Biotech Limited (RB) is one of the leading manufacturer of specialty chemicals in India with a diversified product profile of 2,030 products.

Broker Research

Geojit's IPO report on Rossari Biotech


Rossari Biotech Limited (RB) is one of the leading manufacturer of specialty chemicals in India with a diversified product profile of 2,030 products. Also largest manufacturer of textile specialty chemicals in India. Its main product categories include; (a) Home, personal and performance chemicals, (b) textile specialty chemicals and (c) animal health and nutritional products. RB has presence in 17 foreign countries including Vietnam, Bangladesh and Mauritius.


Valuation and Outlook


At the upper price band of Rs425, RB available at P/E of 33.8x FY20 which seems expensive when compared to peers. However, considering RoE at ~44% (last 3-year Avg.), strong revenue growth and expanding margin profile support our 'SUBSCRIBE' rating for long term perspective.


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First Published on Jul 13, 2020 01:23 pm
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