Rossari Biotech - A Formulation And Application Specialists: ICICI Securities Initiates Coverage
Technician at Rossari Biotech R&D lab. (image: Company website)

Rossari Biotech - A Formulation And Application Specialists: ICICI Securities Initiates Coverage

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Rossari Biotech Ltd. has competency in four chemistries used for textile chemicals, but it has successfully applied its learnings into the new industries of home care, personal care and performance chemicals, which has expanded its addressable market multifold.

This was done without compromising on margins, balance sheet or return on invested capital (which remains the best among peers).

The company is likely to have expanded its capacity more than two times by FY21-end, which provides strong earnings visibility.

Revenue and net profit are estimated to grow at compound annual growth rate of 22% and 26% over FY20-FY23E.

Click on the attachment to read the full report:

ICICI Securities Rossari Biotech IC.pdf

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