SPECIALTY POLYMERS
BASF India Q4 Results | Chemical maker profit jumps, shares hit record high
Chemicals maker BASF India on Tuesday posted a fourth-quarter profit that nearly doubled, helped by strong demand for its materials and agriculture solution businesses.
SRF Q4 Results: Firm posts fifth straight drop in quarterly profit
SRF Q4 Results: Indian chemicals and polymers maker SRF posted a drop in profit for the fifth quarter in a row on Tuesday, hurt by sustained weak demand in its mainstay chemicals business.
Chemical sector bottomed out in Q3; expect gradual recovery Q4 onward: Rohan Gupta
Chemical companies like Aarti, Jubilant, and Gujarat Fluoro are expected to recover with stronger earnings growth due to their capex investments. The sector has bottomed out, and emerging sectors like EV batteries and consumable industries show growth potential. Companies focusing on agrochemicals may still see one or two quarters of weakness because global agrochemical de-stocking is still continuing.
'Balrampur Chini announces Rs 2000cr capex in India's first industrial bioplastic
Balrampur Chini Mills Limited (BCML) announced a Rs 2000 crore forward integration project for the first-ever industrial bioplastic plant in India. The project aims to combat climate change, achieve net zero emissions, and promote efficient usage of sugar as a raw material. Stefan Barot's expertise adds value to the project.
Hold them through Chinese headwinds: 5 chemical stocks with 'hold' reco and upside potential of up to 37%
While they come under the broad umbrella word of “Chemical sector” the fact is that each specialty chemical company is literally an industry itself with its own operating matrix of supply chain and demand. There are some companies where the trouble in China means big bonus, while for others it might mean supply chain issues which means that their production in India’ get impacted. At this point there are many parts of the chemical industry which are facing headwinds due to oversupply and dumping by China. But are well prepared given multiple changes which some segments of the chemical sector have seen in India in just the last three years. We look at the stocks where analysts have “hold” recommendation at a time when chinese headwinds are blowing.
Multibagger penny stock in specialty chemicals biz aims to be debt free this fiscal, shares rally
Vikas Ecotech's shares jumped 3% after it announced its plans to become a debt-free company during FY24. The company has already repaid debt worth ₹5 crore, bringing the total debt reduction to ₹79.1 crore. Vikas Ecotech aims to pay back an additional ₹29.5 crore before the end of March quarter, reducing the levels to ₹54.8 crore at the end of FY23. The company produces rubber-plastic compounds and additives, serving different sectors such as agriculture, healthcare and textiles, among others. Vikas Ecotech has a market capitalisation of ₹262.76 crore and is trading at a PE of 28.57.
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4 reasons Aarti Industries is stock pick of the week
Aarti industries will benefit from the growth in the Indian specialty chemicals market, process innovation, value-added products and a rich pipeline of more than 50 products.
Anupam Rasayan inks LoI worth Rs 1,500 cr with Japanese firm for supply of specialty chemicals for next 7 yrs
"We are proud to announce that we are partnering with a leading Japanese multinational to add three new molecules to our portfolio. These three molecules will be used as advanced intermediates for highly specialized polymers and liquid crystals," said Anand Desai, Managing Director of Anupam Rasayan.
Natural gas prices should return to normal levels soon : Sandeep Kumar Gupta, GAIL
As you are aware that the main challenges in hydrogen is in production, storage and transportation, so in the area of production we have already taken steps and in the field of transportation also we are experimenting this initiative.
Specialty chemicals startup Covvalent raises $4.3 million in seed funding from Nexus VP, others
The company said it plans to use the funds to strengthen its tech infrastructure and for recruitment across the international business development, technology, and product development verticals.
Brokerages bullish on these specialty chemical stocks ahead of Q1 numbers
The brokerage believes that a healthy order book and new product pipeline would boost the company's topline. "Margin expansion is possible over cost reduction, while organic and inorganic routes will pave way for business growth," it added
Stock Radar: Short-term trend looks on the upside for this specialty chemical stock
The stock hit a 52-week high of Rs 2,289 on 25 April 2022 but it failed to hold on to the momentum. The stock closed at Rs 1,975 on 5 July 2022 which translates into a fall of over 13 per cent.
Tamil Nadu govt categorises specialty chemicals and petrochemicals as 'sunrise' sectors
The government has leveraged investments for setting up three large petrochemical projects in Tuticorin, Nagapattinam and Cuddalore, the Minister said while addressing the Global Chemical and Petrochemical Manufacturing Hubs in New Delhi.
Long-term investors can bet on Clean Science and Technology
About 65 per cent of the company's revenue is derived from performance chemicals followed by 15 per cent each from pharmaceutical intermediates (PI) and FMCG chemicals.
Creador buys out Tata Capital in Shriji Polymers
Creador has acquired about 13% stake held by Tata Capital and another 4% stake held by promoters.
After a dream listing, is it just a pause for Rossari Biotech, or there is more to it?
The stock rallied as much as 89 per cent to Rs 804 on listing day from the offer price of Rs 425. It currently trades at Rs 715, down 11 per cent from its peak.
Rossari Biotech IPO: Things you must know about specialty chemical company
The company is among the largest manufacturers of textile specialty chemicals in India.
Rossari Biotech IPO to open on Monday; price band fixed at Rs 423-425 per share
The IPO would be a mix of fresh issue and offer for sale (OFS).
5 Indian chemical stocks that promise good returns over the next year
Indian chemical companies are set for a major growth phase as the Chinese crackdown on polluting chemical firms has led to a global demand-supply gap.
PolyOne Corp set to buy engineering plastic maker Formulated Polymers
Established in 1993, Formulated Polymers Ltd designs and manufactures a range of thermoplastic compounds, specializes in Engineering Plastics.
Akzo Nobel Specialty Chemicals to spend Rs 32 crore to expand facility in Mahad
In addition to the capacity expansion, a new waste water management system will also be installed to make the process environmentally sustainable.
AkzoNobel India to sell specialty chemicals biz for Rs 320 crore
The business includes the Mahad manufacturing facility for polymer chemistry range of products, the company said.
Max Ventures approaches shareholders for 36% stake sale in arm
Earlier this month, the respective boards of Max Speciality Films and Max Ventures and Industries (MaxVIL) approved the induction of Toppan Printing Co Ltd, Japan, as a joint venture partner with 49 per cent in MSF.
Competition Commission clears LG Life Sciences-LG Chem merger
LG Chem, which is into manufacturing chemicals, has three subsidiaries in the country -- LG Chemicals India, LG Polymers India and LGC Petrochemical India.
DuPont eyes 12-15% growth in packaging business over next 3-5 years
According to industry estimates, the food industry in India is growing between 15 and 20 per cent annually.
Indian petrochemical industry may touch $100 billion by 2020: Study
Petrochemicals industry in India is likely to touch $100 billion by 2020, more than double the current size of about USD 40 billion, according to a study.
German firm Gerresheimer AG acquires 75 pc stake in Triveni Polymers
German firm Gerresheimer AG has acquired 75 per cent stake in the Delhi-based firm Triveni Polymers for undisclosed amount.
Vinati Organics to stay on track, but must overcome hurdles
The company's two major products are doing well globally and it is now investing Rs 100 crore to further raise capacity through FY12.
Solvay acquires Rhodia in specialty chemicals move
Solvay, the Belgian soda ash maker which sold a drugs unit a year ago, agreed to buy Rhodia of France for euro 3.4 billion ($4.8 billion) in cash to add specialty chemicals spanning ingredients for moisturisers and car-part polymers.
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