Fundamentals

GALAXY SURFACTANTS LTD 

Ticker : 540935
BUY: Rs1303
Target: Rs1445 

Galaxy Surfactants is engaged in manufacturing and marketing of surfactants and specialty chemicals for personal and home care industry. It produces a variety of vital cosmetic ingredients, which also include active ingredients, ultra violet (UV) protection and functional products. On the consolidated financial front, for Q1FY20, the company reported total income of Rs. 666.27 crore, a decrease of 6.75 per cent YoY from Rs. 714.47 crore for Q1FY19. PBT grew by 14.63 per cent to be Rs. 76.49 crore as compared to Rs. 66.73 crore in Q1FY19. Net profit significantly increased by 15 per cent YoY in Q1FY20 to Rs. 52.55 crore from Rs. 45.71 crore in Q1FY19. Recently, CRISIL has revised the long term credit rating to CRISIL A+ with positive outlook for the company. Thus, we recommend a BUY