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Ideas for Profit | Atul & Amal: Strong performance across the chemical value chain

June 14, 2019 / 12:22 PM IST
Ideas for Profit | Atul & Amal: Strong performance across the chemical value chain

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 integrated chemical manufacturer, Atul (market capitalisation: Rs 12,132 crore) and its subsidiary Amal (m-cap: Rs 119 crore) reported a strong improvement in operating metrics for the March quarter. This was aided by select product categories such as aromatic chemicals and pharma (active pharmaceutical ingredient, or API, space), which benefited from continued production cuts in China and the growing importance of India as a favoured destination for sourcing chemicals. Atul Q4 review: Benefits from better spreads Atul reported robust operating performance in both...

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