Moneycontrol PRO

Rossari Biotech: Calibrated inorganic strategy opens up opportunities

Rossari’s M&A strategy is apparently focussed on encompassing complementary technology, talent, products and client base

July 21, 2021 / 10:31 AM IST
Rossari Biotech: Calibrated inorganic strategy opens up opportunities

COVID-19 pandemic aside, financial wealth in India grew by 11 percent per annum to $3.4 trillion between 2015 and 2020, a new report ‘Global Wealth 2021: When Clients Take the Lead‘, by the Boston Consulting Group (BCG) showed. Here are some key (Image: Shutterstock)

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

Rossari Biotech (CMP: Rs 1,254; Market Cap: Rs 6,884 crore) has announced one more acquisition within two months. Rossari is acquiring Tristar Intermediates at an enterprise value (EV) of Rs 120 crore (7.7x EV/EBITDA), which is at a discount to its earlier acquisition in June of Unitop Chemicals (10x EV/EBITDA). (image) While in the case of Unitop, Rossari gets a higher exposure to surfactants-based chemicals catering to agrochemicals and oil & gas segments, Tristar Intermediates provides a higher exposure to...

  • PRO Panorama

    Moneycontrol Pro Panorama | What will it take to revive animal spirits?

    Dec 5, 2022 / 03:07 PM IST

    In today’s edition of Moneycontrol Pro Panorama: India to quality check its imported goods, collegium issue a bone of contention, fissures in US-EU unity, India needs specific agenda for Global South at G20, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | When central bankers laugh

    Dec 3, 2022 / 12:13 PM IST

    Cracking jokes during a monetary policy review meeting? Don’t laugh it off. Central bankers in advanced economies are actually walking the laugh

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers