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Phillips Carbon: Time to book profit?

Phillips Carbon has been a strong beneficiary of the global supply chain dislocation which initially helped in volume growth and later added to margin improvement

January 21, 2021 / 10:27 AM IST
Phillips Carbon: Time to book profit?

Balkrishna Industries Price performance in April Series: 14.14 percent | May Series: 18.28 percent | June Series: 13.55 percent.

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 - Q3 sales guided by gross margin gains - To add 32k tonnes specialty grade capacity by Feb ’21 - Discontinuation of anti-dumping duty to increase competitive intensity - Valuation close to fair level Phillips Carbon Black Limited (PCBL) (CMP: Rs 191; MCap: Rs: 3,284 crore), the leading domestic manufacturer of carbon black, has had an extraordinary quarter backed by supply-chain dislocation leading to superior margins. Strong set of numbers were also guided by pent-up demand and opening up of economy. Stock price has reflected the same with...

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