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    you are here: HomeNewsBusinessMoneycontrol Research

    Laxmi Organic: Investment horizon should match business transformation time span

    Laxmi Organic is certainly on a transformation mode, and, hence, investors need to be patient enough to witness the change in business mix.

    Anubhav Sahu
    March 26, 2021 / 10:46 AM IST
    Laxmi Organic: Investment horizon should match business transformation time span

    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

    Anubhav Sahu Moneycontrol Research Leading manufacturer of ethyl acetate & diketene derivatives Legacy business mix similar to better-priced Jubilant Ingrevia Fluorochemicals prospects key differentiator for valuation premium Valuation ranges between basic and specialty chemical universe Post IPO, balance sheet gets stronger and well-placed for organic/inorganic initiatives Almost in line with a few of the recent IPOs, Laxmi Organic Industries Limited’s (LOIL) grey market premium contracted significantly before the listing day. However, in a rather weak day for the broader market, LOIL listed at a 20 per...

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