Please refer to important disclosures at the end of this report
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Sharda Corpchem is a fast growing global agrochemicals company with the
leadership position in the generic crop protection chemicals industry. Sharda due
to its niche asset light business model of registration with a focus on Europe
which is highly regulated market where the company has its significance
presence. Sharda with its strong product registration led growth and net cash
balance sheet with robust return ratios makes it a good stock. The company has
reduced its debt and is virtually debt free. The company is expected to give good
quarter as it has grown its PAT CAGR approx 32% over 5 years. The compan
y
has been maintaining a healthy dividend payout of 18.92%. Hence Buy.
BUY
CMP `367
Stock Info
Sector
Beta 0.9
Bloomberg Code SHCR IN
Shareholding Pattern (%)
Promoters 75.0
MF / Banks / Indian Fls 14.2
FII / NRIs / OCBs 6.0
Indian Public / Others 4.8
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
Sharda Corpchem 1.6 25.1 254.6
Nifty 8,810
Reuters Code SHCR.BO
Face Value (`)10
BSE Sensex 28,532
52 Week High / Low 409/203
Avg. Daily Volume 16,395
Chemicals
Market Cap (` cr) 3,313
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Sharda Corpchem
Others | Chemicals
September 6, 2016
Sharda Corpchem | Chemicals
September 6, 2016
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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