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Galaxy Surfactants looks forward to life beyond cost inflation

Operationalisation of new plants and the overall capacity utilisation of 67 percent provide enough room to meet medium-term demand for Galaxy Surfactants

December 09, 2021 / 12:56 PM IST
Galaxy Surfactants looks forward to life beyond cost inflation

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

Leading oleochemical maker Galaxy Surfactants (CMP: Rs 2,803; Market Cap: Rs 9,939 crore,) had a tough time recently, with disruptions across its supply chain. Lauryl alcohol, the key raw material which accounts for 50-55 percent of the total raw material cost, had surged from the levels of $1,800 per metric tonne (MT) in July-August to $3,000 per MT in October. Not just that. The supply of another key raw material, ethylene oxide, was also uneven. Naturally, production and margins were...

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