{"id":23939,"date":"2022-06-14T14:00:47","date_gmt":"2022-06-14T08:30:47","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=23939"},"modified":"2022-06-14T14:09:42","modified_gmt":"2022-06-14T08:39:42","slug":"alpha-sumitomo-chemicals-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939","title":{"rendered":"Alpha | Sumitomo Chemicals Ltd. &#8211; Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/FI_Alpha-SumitomoChemicalsIndiaLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"987\" height=\"616\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-2.png\" alt=\"\" class=\"wp-image-23940\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-2.png 987w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-2-300x187.png 300w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-2-768x479.png 768w\" sizes=\"(max-width: 987px) 100vw, 987px\" \/><\/a><\/figure>\n\n\n\n<h2><strong>Sumitomo Chemicals India Ltd. \u2013 Strong Parentage<\/strong><\/h2>\n\n\n\n<p>Sumitomo Chemical India Ltd. (SCIL) is a subsidiary of Sumitomo Chemical Company Ltd. (SCCL), Japan, which is a diversified global chemical company. <\/p>\n\n\n\n<ul><li>SCIL has 5 manufacturing facilities \u2013 4 in Gujarat and 1 in Maharashtra \u2013 as well as 4 branches and 68 depots across India. The company has its spread across ~80 national locations and 2 international locations i.e., China and Vietnam. <\/li><li>In FY17, SCIL acquired Excel Crop-care Limited (ECC), an existing listed company with 3 manufacturing facilities (2 in Gujarat and 1 in Dadra &amp; Nagar Haveli) and 3 fully-equipped R&amp;D centers. <\/li><li>ECC was primarily a premium generic agrochemical manufacturing company with a focus on formulations and had facilities to manufacture both formulations and technical.\u00a0<\/li><\/ul>\n\n\n\n<h2><strong>Valuation<\/strong><\/h2>\n\n\n\n<p>The company\u2019s strong parentage, wide distribution network, rising share of export revenue, and continuous product launches will help it to take a big leap further. At CMP, the stock trades at 35x FY24E EPS. We recommend a BUY rating in the stock with the target price (TP) of Rs.550, 42x FY24E EPS.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/FI_Alpha-SumitomoChemicalsIndiaLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"534\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-23892\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png 534w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sumitomo Chemicals India Ltd. \u2013 Strong Parentage Sumitomo Chemical India Ltd. (SCIL) is a subsidiary of Sumitomo Chemical Company Ltd. (SCCL), Japan, which is a diversified global chemical company. SCIL has 5 manufacturing facilities \u2013 4 in Gujarat and 1 in Maharashtra \u2013 as well as 4 branches and 68 depots across India. The company [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":23940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,108,746,517,745,752],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Sumitomo Chemicals Ltd. - Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Sumitomo Chemicals Ltd. - Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Sumitomo Chemicals India Ltd. \u2013 Strong Parentage Sumitomo Chemical India Ltd. (SCIL) is a subsidiary of Sumitomo Chemical Company Ltd. (SCCL), Japan, which is a diversified global chemical company. SCIL has 5 manufacturing facilities \u2013 4 in Gujarat and 1 in Maharashtra \u2013 as well as 4 branches and 68 depots across India. The company [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T08:30:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-14T08:39:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"987\" \/>\n\t<meta property=\"og:image:height\" content=\"616\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-2.png\",\"contentUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-2.png\",\"width\":987,\"height\":616},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939#webpage\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939\",\"name\":\"Alpha | Sumitomo Chemicals Ltd. - Equity Research Desk\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939#primaryimage\"},\"datePublished\":\"2022-06-14T08:30:47+00:00\",\"dateModified\":\"2022-06-14T08:39:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-sumitomo-chemicals-ltd-equity-research-desk\/23939#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alpha | Sumitomo Chemicals Ltd. &#8211; 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