Company Update - PCBL Ltd - ICICI Direct

PCBL had fixed April 12, 2022 as the record date for stock split in the ratio of 1:2 i.e. one existing share of face value Rs. 2 gets sub-divided into two shares of FV Rs. 1 each. The ex-date for stock spilt is April 11, 2022

On the ex-date i.e. starting today (April 11, 2022), the stock price will adjust for stock split ratio and is expected to trade at Rs. 120/share i.e. half the closing price on April 8, 2022 (Rs. 240/share)

Key triggers for future price performance

Healthy double digit growth on anvil. We expect sales, PAT to grow at 23%, 16%, CAGR, respectively, in FY21-24E, building in 11.4% volume CAGR

With greenfield expansion (~150 KT) under execution and successful strides made in the speciality carbon black domain, long term growth prospects are robust amid limited competition in overseas markets

Trades at inexpensive valuation of <10x P/E on FY23E EPS of ~Rs. 12.3/share

For details, click on the link below: Link to the report

Source : Equity Bulls

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