With a market valuation of Rs. 4,365.36 crore, PCBL Ltd. is a chemical-related small-cap company
The largest producer of carbon black in India
PCBL is a major player internationally with a sizable clientele in more than 45 nations.
The brokerage firm ICICI Securities is bullish on the Ashish Kacholia portfolio stock PCBL Ltd
which would be a new high for the stock and imply a potential upside of 37% from the current market price of ₹116.50.
This comes after the company recorded a 21 per cent growth in consolidated net profit and a 40 per cent growth in revenue in Q1FY23.
According to PCBL's consolidated quarterly figures, the company's net sales in June 2022 were ₹1,409.07 crore, up 40.37 per cent from ₹1,003.85 crore in June 2021
In June 2022, the firm recorded a quarterly net profit of Rs. 125.91 crore, an increase of 20.71 per cent over the previous quarter's net profit of Rs. 104.31 crore.