While margins have dipped from around 22 per cent to 17 per cent during FY2021-24, they are expected to improve from FY26 onwards
The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25
Balaji Amines Q4 results: Ebitda margin expanded to 23.5 per cent from 19.7 per cent Y-o-Y in Q4FY24
Specialty chemical majors, after experiencing a 17% Y-o-Y fall in revenues in the September quarter, are projected to report an 18% decline in the top line for the December quarter
For the September quarter, the sector's operating and net profits dropped 18 per cent and 25 per cent over the year-ago quarter
In exchange filing, NFIL said Mr. Radhesh R. Welling has tendered his resignation as the Managing Director and a Director on the Board of the Company for personal reasons.
Analysts at ICRA said that a significant improvement in HSCL's operating profit in FY23 compared to FY22 and FY21, driven by higher Ebitda/MT will likely sustain going forward
Ebitda margin slipped to 13.7 per cent (down 200bps YoY) on account of higher than expected staff cost and other expenses
The stock rallied 7% to hit a new high of Rs 612.70 in the intra-day trade today
Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
Shares of Jyoti Resins & Adhesives locked in 5 per cent upper circuit for the fifth straight day as they hit a new high of Rs 1,769.70 on the BSE.
The company is witnessing rise in demand from end-user industries such as food processing, personal care and home care in the specialty chemicals market.
It has also zoomed 70 per cent in the past six months, as compared to 0.12 per cent decline in the benchmark index
In the past one month, the stock of specialty chemicals fell 25 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.
Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player compared to other chemical companies
The management believes that by the end of this year in comparison to the last year, company would be doubling its profitability.
Aether Industries caters to the pharmaceutical, agrochemical, material science, electronic chemical, high performance photography and oil and gas industry segments
Jesons Industries, a manufacturer of speciality coating emulsions, has filed preliminary papers with capital markets regulator Sebi to raise an estimated Rs 800-900 crore through an initial share sale
Post listing, the stock hit a high of Rs 929 and a low of Rs 841 in intra-day trade
The initial public offer of specialty chemicals maker Ami Organics was subscribed 64.54 times on the closing day of subscription on Friday. The Rs 569.63 crore IPO received bids for 42,22,36,296 shares against 65,42,342 shares on offer, as per data available with the NSE. Qualified Institutional Buyers (QIBs) category was subscribed 86.64 times, non institutional investors 154.81 times and Retail Individual Investors (RIIs) 13.36 times. The company's initial public offer was fully subscribed within the first few hours on the opening day on Wednesday. The initial public offer (IPO) had a fresh issue of up to Rs 200 crore and an offer for sale of up to 6,059,600 equity shares. Its price range was at Rs 603-610 per share. Ami Organics had on Tuesday collected Rs 171 crore from anchor investors. Proceeds from the fresh issue will be used towards repayment of certain debt and funding working capital requirements. Ami Organics is one of the leading R&D driven manufacturers of specialt