Reason to buy Tata Chemicals

Tata Chemicals

Tata Chemicals Limited is an Indian global company with interests in chemicals, crop nutrition and consumer products headquartered in Mumbai, India.

Tata Chemicals Limited has made many new things in recent time which can give good returns in future.

• Tata Chemicals to target FMCG segment
• The company is expected to invest around Rs 150 crore into setting up a nutraceuticals near Chennai.
• The company aims to reach sales figure of Rs. 30000cr in next 5 years.
• Tata Chemicals is eyeing acquisitions in consumer food business including agri-seeds, and a foray into staple food business.
• Tata Salt & Tata Swach are brands of Tata chemicals which are very strong in their own segment.

The stock is currently trading at 17PE whereas industry PE is 16, which is little high. For a company like Tata Chemical is worth.

 

The company had a sales figure of Rs.8689cr in march, 2014 & the company have a target to reach Rs.30000cr sales figure in next 5yrs which is a good news for the investors.