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Ami Organics: New products to lead medium-term growth

The Ankleshwar facility expansion would enhance the capacity of pharma inter-mediates by 2.8 times. This would take care of the anticipated demand till FY27

May 18, 2022 / 09:51 AM IST
Ami Organics: New products to lead medium-term growth

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

Like most chemical companies, Ami Organics’s (CMP: Rs 962; Market Cap: Rs 3,506 crore) margins contracted in Q4. While this will be a headwind for the near term, medium-term earnings visibility has improved on the back of product launches, capacity expansion of pharma intermediates, and process improvisation. Impact of surge in commodity chemicals prices Q4 sales growth was equally led by volume and pricing. Volume growth was 23 percent YoY. Sequentially, sales improvement was lower than expected, reflecting the impact...

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