30/4/2025, 12:46:03 pm

Buy PCBL Chemical; target of Rs 464: Prabhudas Lilladher

PCBL Chemical reported a consolidated revenue of Rs20.8bn in Q4FY25, up 8% YoY, driven by higher carbon black volumes and Aquapharm's contribution. EBITDA/tn for carbon black declined 11% QoQ to Rs17,655/tn due to rising costs and Russian competition. Aquapharm's topline grew 15% QoQ, improving margins. The stock trades at 17x FY27 earnings with a target price of Rs464.