Tata Chemicals (initiating coverage): Flight of rebirth; Transforming into a growth company; re-rating imminent
(TTCH IN, Mkt Cap USD2.7b, INR692, TP INR940, 36% Upside, Buy)
Tata Chemicals (TTCH) is a 78-year-old commodities company, reinventing itself as a specialty and consumer products company. It has a diversified portfolio of businesses: (a) soda ash and sodium bicarbonate, where it enjoys global leadership, (b) fertilizers, which it is exiting from, (c) agricultural inputs, through subsidiary, Rallis India, (d) consumer products such as branded iodized salt, pulses and spices, and (e) a fledging specialty products business – materials such as highly dispersible silica (HDS) and nanomaterial, and nutritional products like oligosaccharides and polyols. It also has sizable financial investments that it can liquidate to fund its growth.
Tata Chemicals is engaged in the production and selling of interests that focus on LIFE - living, industrial and farming essentials. Co.'s products are used in a wide range of pharmaceutical, food processing and industrial applications. Living essentials - Tata Salt, I-Shakti, Tata Salt Lite; Tata Salt Flavoritz, Tata Salt Plus, i-Shakti Dals and Tata Swach. Industry essentials - soda ash; sodium bicarbonate; chemicals: caustic soda, chlorine based products, bromine based products, gypsum, sodium tripolyphosphate, phosphoric and sulphuric acids; industrial salt; and cement: Tata Shudh. Farm essentials - fertilizers: Tata Paras urea, DAP, NPK, and SSP.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.