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Speciality Chemicals: Do current valuations present an opportunity?

March 27, 2020 / 09:58 AM IST
Speciality Chemicals: Do current valuations present an opportunity?

Black Rose Industries has gained 677 percent in the last 5 years. As of June 10, 2015, the share price was Rs 16.75 per share and now the current share price is Rs 130.10 with a market cap of Rs 664 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 - Long term prospects for Indian chemicals remain intact - Street not factoring near term disruptions - Demand erosion, elevated inventory are key challenges - End market implied valuation at premium for large caps Prospects for the Indian chemical industry are unfolding in a dramatic way in 2020. The year started with a manufacturing shutdown in China due to COVID-19, raising the risk that pharma/chemicals won’t be available for the global downstream industries. Indian chemicals were seen as a key beneficiary in the interim as an...

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