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About Rossari Biotech

Rossari Biotech manufactures textile specialty chemicals. It provides customized solutions to the apparel, animal & poultry feed, and FMCG industries by offering a diversified product portfolio.

Headquarters Location

201 A & B, Ackruti Corporate Park Next to G.E.Gardens, LBS Marg, Kanjurmarg West

Mumbai, 400 078,


+91-22-6123 3800



Latest Rossari Biotech News

Accumulate Rossari Biotech; target of Rs 843: KR Choksey

Oct 28, 2023

KR Choksey recommended accumulate rating on Rossari Biotech with a target price of Rs 843 in its research report dated October 27, 2023. Broker Research Accumulate KR Choksey's research report on Rossari Biotech On a consolidated basis, Rossari Biotech reported revenue of INR 4,835 Mn in Q1FY24, up by 13.6% YoY and 17.7% QoQ. This is driven by strong double-digit growth in the Home, Personal Care, and Performance Chemicals (HPPC) segment. For H1FY24, revenue grew 3.9% YoY to INR 8,941 Mn. EBITDA for the quarter grew by 12.4% YoY and 10.1% QoQ to INR 636 Mn, primarily led by higher revenue. EBITDA margin contracted by 15 bps YoY and 92 bps QoQ to 13.1%. For H1FY24, EBITDA improved by 6.2% YoY to INR 1,213 Mn. Net Profit reported at INR 329 Mn for the quarter, higher by 37.8% YoY and 12.8% QoQ. NPM stood at 6.8% (+119 bps YoY/-30 bps QoQ). Net Profit for H1FY24 grew by 18.2% YoY to INR 622 Mn. Outlook We lower our target price to INR 843/share (P/E multiple of 26.0x to FY25E EPS) from INR 982/share, to account for the EPS reduction, and downgrade our rating to ACCUMULATE (upside: 13.0%). Despite top-line momentum, the persistent margin pressure raises near-term concerns. We view current levels as a good opportunity to add to existing positions, with modest upside.

Rossari Biotech Frequently Asked Questions (FAQ)

  • When was Rossari Biotech founded?

    Rossari Biotech was founded in 2003.

  • Where is Rossari Biotech's headquarters?

    Rossari Biotech's headquarters is located at 201 A & B, Ackruti Corporate Park, Mumbai.

  • What is Rossari Biotech's latest funding round?

    Rossari Biotech's latest funding round is IPO.



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