Rating: ★ Buy
Target Price: ₹3,650
Key Highlights:
Growth Engine: Chemicals segment remains the primary revenue driver.
Packaging Outlook: Margins set to improve due to:
Higher BOPP realizations
Shift to premium product mix
Operating Performance: Strong performance led by
Specialty chemicals
Packaging films divisions
Growth Projections (FY25–27E CAGR):
Revenue: 16%
EBITDA: 30%
Adj. PAT: 42%