Moneycontrol PRO

Anubhav Sahu

Principal Analyst

Moneycontrol Research

Himadri Specialty Chemical: Shift to higher-margin products keeps it ahead of the curve

BUSINESS

Himadri Specialty Chemical: Shift to higher-margin products keeps it ahead of the curve

The company's earnings, seen growing at a CAGR of 36 percent between FY18 and FY20, are expected to be backed by volume growth and diversification to higher-margin products.

Bodal Chemicals Q4: China factor favours vertically-integrated dye makers

BUSINESS

Bodal Chemicals Q4: China factor favours vertically-integrated dye makers

While environmental compliance and the resultant plant shutdowns in China is not a new development, situation appears to be more structural as news flow suggest Chinese manufacturers are looking for business collaboration in India to source dyestuff and dye intermediates.

Rain Industries: Robust outlook for US aluminum market adds another lever

BUSINESS

Rain Industries: Robust outlook for US aluminum market adds another lever

While the prices of CPC may be nearing their peak, the biggest driver of volumes for CPC products is the potential restart of aluminum production in the United States.

Rain Industries: US sanctions on Rusal may not affect volumes, pricing supportive

BUSINESS

Rain Industries: US sanctions on Rusal may not affect volumes, pricing supportive

Prevailing price inputs from market and takeaways from the quarterly result of Goa carbon suggest that carbon products (both CPC and CTP) may report 11-12% pricing growth (Quarter on Quarter).

Goa Carbon: Plant shutdown and higher expenses weigh on earnings

BUSINESS

Goa Carbon: Plant shutdown and higher expenses weigh on earnings

Almost in sync with CPC prices, raw material prices (Green coke) have also surged

For US-China trade tensions to dissipate, Xi Jinping must walk the talk

BUSINESS

For US-China trade tensions to dissipate, Xi Jinping must walk the talk

Although we have not accounted for luxury goods and other agriculture products here, the analysis suggests that reducing trade deficit by $50 billion is a tall ask.

Ideas for Profit | Navin Fluorine: Leading player in the transformative chemistry of fluorine

BUSINESS

Ideas for Profit | Navin Fluorine: Leading player in the transformative chemistry of fluorine

Company’s continuous investment and R&D (4%-6% of Sp. chemicals and CRAMS sales) into complex fluorine applications are expected to lead the topline growth

US-China trade war: Escalation may just be a precursor to negotiations

BUSINESS

US-China trade war: Escalation may just be a precursor to negotiations

The market appears to be drawing comfort from this realization, with leading equity indices bouncing back from their important support levels.

Galaxy Surfactants: FDA inspection procedural with no financial impact

BUSINESS

Galaxy Surfactants: FDA inspection procedural with no financial impact

Unlike other regions, sunscreen sold in the USA is regulated as a drug. FDA interpretation is that the product makes a drug claim i.e. to help prevent sunburn or to decrease the risks of skin cancer and early skin ageing caused by the sun.

Vikas Ecotech may benefit from regulatory push for substitutes to lead-based products

BUSINESS

Vikas Ecotech may benefit from regulatory push for substitutes to lead-based products

Lead-based stabilizers now cater to 75-80 percent of the domestic demand. So when the government decides to enforce the phasing out of lead-based stabilizers, it can open up a huge opportunity for the company.

Trade war: Weak risk sentiments can provide opportunities

BUSINESS

Trade war: Weak risk sentiments can provide opportunities

Elevated volatility scenario (CBOE VIX: 25 and above) may not necessarily be unsuitable for investment. Historically, they have been amongst the best time to invest, particularly when the global growth indicators are robust.

ICICI Securities: Strong beneficiary of financial savings trend but available at a premium

BUSINESS

ICICI Securities: Strong beneficiary of financial savings trend but available at a premium

While implied multiples are certainly towards the higher end prevailing among the peer group, SOTP valuation also reflects that part of the near term growth is priced in the offer

Trumponomics: Tough negotiator ensuring political payback if not economic

BUSINESS

Trumponomics: Tough negotiator ensuring political payback if not economic

In the words of Peter Navarro, director of the White House National Trade Council, the US can institute tariffs on foreign goods without starting a global trade war or violating WTO rules.

Himadri Specialty: Holding all aces – New products, capacity jump and domestic protection

BUSINESS

Himadri Specialty: Holding all aces – New products, capacity jump and domestic protection

The company has announced its medium-term growth plan (next five years) aiming at addition of 2 lac tones capacity (Rs 1,000 crore investment) in the carbon black business.

Arrow Greentech Q3FY18: Client-end challenges derail near term growth prospects

BUSINESS

Arrow Greentech Q3FY18: Client-end challenges derail near term growth prospects

The company's legacy capacity is utilized optimally (150 MT), however, utilization of new capacity (300 MT) would depend on the trial runs and customer approvals of new grade of film. Management expects streamlining on new capacity by the end of FY18, with incremental utilization FY19 onwards.

Food colour industry Q3 review: Mixed results; capacity addition remains next trigger

BUSINESS

Food colour industry Q3 review: Mixed results; capacity addition remains next trigger

Recent announcements of Vidhi Specialty acquiring Arjun Food Colorants and the increase of promoter’s shareholding in Dynemic Products point towards increasing promoter’s confidence in the sector and makes it an interesting investment space to look at.

Ignore Trump's trade war talk, India's metal sector to ride on global economy, China reforms

BUSINESS

Ignore Trump's trade war talk, India's metal sector to ride on global economy, China reforms

Iron & Steel and Aluminum exports to the US constitute only 0.29% of India’s total exports.

Elantas Beck Q4CY17: Valuation captures improving demand prospects

BUSINESS

Elantas Beck Q4CY17: Valuation captures improving demand prospects

Raw material prices have surged recently mainly on account of global supply chain constraints for MDI in 2017. In the current year, however, raw material prices can stabilize due to improving supply and the expectations that oil prices would settle at current level.

Aliphatic Amines manufacturers: New capacity backed volume growth to aid earnings growth

BUSINESS

Aliphatic Amines manufacturers: New capacity backed volume growth to aid earnings growth

Anti-dumping investigations by the central government for select amine products is also improving earnings growth scenario.

How Indian markets should interpret the US Fed meet minutes

BUSINESS

How Indian markets should interpret the US Fed meet minutes

The real interest rate differential is shifting in favour of the US market, making the latter a relatively-attractive destination for the portfolio flows.

Food processing Q3: Earnings rise, but surge in raw material costs need to be monitored

BUSINESS

Food processing Q3: Earnings rise, but surge in raw material costs need to be monitored

Government’s impetus on developing food processing infrastructure can benefit firms in the long run.

Marico Q3: Volume uptick but margin pressure remains a concern

BUSINESS

Marico Q3: Volume uptick but margin pressure remains a concern

While there has been a good mix of volume and value, overall result is below our expectations. Higher raw material prices have prompted company for consecutive prices hikes in Parachute hair oil. Though so far company has been not seen any negative impact on the market share, it need to be seen it’s sustenance in coming quarters.

Apcotex Industries Q3: Stellar result aids in market share gain in nitrile rubber

BUSINESS

Apcotex Industries Q3: Stellar result aids in market share gain in nitrile rubber

Company has a major capacity expansion plan ( ~Rs 150-200 crore) where in details are tentative but can expand Synthetic latex capacity to 75-80,000 MT (from 55,000 MT) and Nitrile rubber capacity can go up to 30,000 MT.

HEG & Graphite India Q3: Tight supply demand balance remains a support

BUSINESS

HEG & Graphite India Q3: Tight supply demand balance remains a support

HEG’s quarterly result was well ahead of expectations. Sales more than doubled on sequential basis and exhibited the benefit of change in pricing trend and progress in contract renewals for the graphite electrodes

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