Moneycontrol PRO
Upcoming Webinar:Prashant Shah explains ‘Irrelevance of Bull & Bear Markets for Success in Technical Analysis’. Register For Free!

Subscribe to Tatva Chintan Pharma Chem: KR Choksey

KR Choksey has come out with its report on Tatva Chintan Pharma Chem. The research firm has recommended to ''Subscribe'' the ipo in its research report as on July 15, 2021.

July 16, 2021 / 02:00 PM IST
  • bselive
  • nselive
Todays L/H

KR Choksey IPO report on Tatva Chintan Pharma Chem

Tatva Chintan Pharma Chem Limited (“TCPC”) is a specialty chemicals manufacturer dealing with a variety of products including structure directing agents (“SDAs”), phase transfer catalysts (“PTCs”), pharmaceutical and agrochemical intermediates, and other specialty chemicals (“PASCs”). It is the largest and only commercial manufacturer of SDAs for Zeolites in India (second globally). TCPC’s products, totalling over 154, have wide applications across automotive, petroleum, agrochemicals, dyes and pigments, paints and coatings, pharmaceutical and personal care. It exports to over 25 countries which contributed over 70% of total revenues from operations for FY 2021. Revenues have grown at a CAGR of 21.7% over last 2 years, while the EBITDA margins have improved by 600bps to 23% over the same period.

Valuation and Outlook

On account of strong growth potential, dominant manufacturer status, potential play on ‘green chemistry’ and discounted valuation compared to its peers, we recommend a ‘SUBSCRIBE’ rating for long term gains for TCPC IPO.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark