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Ideas for Profit | Bodal Chemicals: Poor Q3, but well-positioned to benefit from Chinese shutdowns

February 14, 2020 / 01:29 PM IST
Ideas for Profit | Bodal Chemicals: Poor Q3, but well-positioned to benefit from Chinese shutdowns

Tanfac Industries has gained 636 percent in the last 5 years. As of June 10, 2015, the share price was Rs 22.00 per share and now the current share price is Rs 161.95 with a market cap of Rs 162 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

Highlights - Weak Q3 impacted by lower realisations - Ramp-up in thionyl chloride utilisation adds to production volume - Well-positioned to take advantage of supply disruption caused by Coronavirus Dye maker Bodal Chemicals’ (CMP: Rs 78, Mcap: Rs 948 crore) December quarter numbers were subdued on account of lower product prices, a demand slowdown and operating deleverage. This was a continuation of a trend seen in recent quarters. However, this may change at least in the short run. The company – thanks to its integrated business model --...

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