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You are here : IndiaNotes >> Research & Analysis >> Companies >> Phillips Carbon Black Ltd. >> Research

Phillips Carbon Black Q3FY18: On a solid path; Upside 40%

SKP Research | 13 Feb, 2018  | Follow Author | Add to my Favourites 
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Valuation

PCBL is well positioned to capitalize on the positive structural changes witnessed by the industry coupled with robust auto sector demand, continuation of antidumping duty on Chinese  imports,  stable  international  crude  prices  and  improvement  in  operational efficiencies. We have valued the stock on the basis of P/E of 17x of FY20E earnings and recommend  a  BUY  on  the  stock  with  a  target  price  of  Rs  1547/-  (40%  upside)  in  18 months.
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