Anand Rathi: Buy this chemical stock for over 27% upside potential


Heranba Industries Insights

Heranba Industries Ltd. is one of the leading agrochemical manufacturers in India. The company, incorporated in 1994, produces various agrochemicals, including herbicides, insecticides, fungicides and public health products for pest control.

It is a small market cap company with a market capitalization of Rs. 2,341 crores. The current market price is Rs. 585, with an all-time low of Rs. 480 and a record high of Rs. 836.

Main reasons for the growth of Heranba Industries

Main reasons for the growth of Heranba Industries

“The company’s construction work for its Sarigam expansion is underway and will soon reap the same benefits. The company intends to capitalize on the opportunities generated by various off-patent techniques in the coming years by manufacturing and supplying generic variants of the techniques in the most regulated markets in the United States of America and overseas. ‘Europe.

Company management provided guidance for FY23 annual revenue growth of approximately 16% and EBITDA margins of approximately 17%. Says the last report of Anand Rathi.

Buy Call of Anand Rathi on Heranba Industries

Buy Call of Anand Rathi on Heranba Industries

According to Anand Rathi’s latest report, “We are positive on Heranba Industries Ltd, the company has a diverse product line, strong margins, strong balance sheet, capacity expansion and other off-patent product opportunities on highly regulated markets”. We are maintaining a BUY rating on the title with a review target price of ₹745 per share.

Key Risks of Anand Rathi's Buy Call

Key Risks of Anand Rathi’s Buy Call

According to Anand Rathi’s report, there are 4 risks on buying Heranba Industries. The report mentions,

• ‘Market and industry risk.
• Liquidity risk.
• Credit risk.
• Logistics risk.’

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