Alkyl Amines: Is it the right chemical for your portfolio?
November 12, 2019 / 11:12 PM IST
Black Rose Industries has gained 677 percent in the last 5 years. As of June 10, 2015, the share price was Rs 16.75 per share and now the current share price is Rs 130.10 with a market cap of Rs 664 crore.
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
- Q2 results benefit from higher volumes from methyl amine production
- Sequentially, volume growth affected by one-off events
- Capex plan of Rs 180 crore to help volume growth in medium term
-Guidance projects 15 percent volume growth in FY20
Alkyl Amines (mcap – Rs 2,058 crore) reported yet another strong quarter led by volume growth, with utilisation reaching near optimum levels except for the effect on plants due to incidents of fire and floods. Additionally, what is encouraging is the company remains positive...