Superb results by Fairchem. If you extrapolate 1Q EPS for FY23 you get 20.76 X4 = Rs83.04. At Rs1998 stock price stock trades at 24x FY23E which is one of the cheaper chemicals stocks.
Company guidance of Rs1000crs revenues for FY24. Extrapolating Q1 PAT margins of 12% that implies Rs120crs PAT in FY24E which implies at current market cap of Rs2600crs stock trades at 21x FY24
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