PL Capital continues to remain positive on Fine Organics (capacity addition planned in FY27), Navin Fluorine (recovery seen in HFO and CDMO demand) and Vinati Organics (strong demand for ATBS and growth in antioxidants). These companies also have low exposure to agrochemicals and are also safeguarded from Chinese competition to a large extent.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
PL Capital Report
Chemical companies across the globe saw moderate growth or de-growth in CY24, post bumper earnings in CY22 and CY23. Global chemical output was up by 3.9% in CY24, driven by 6.8% growth in China, which constituted 86% of the global chemical production.
Production in the EU was largely stagnant. Demand continues to remain weak in other key markets, leading to pressure on realizations, especially for agrochemicals. Recent commentaries and outlook of global chemical giants suggest that that recovery is not expected in CY25.
We continue to maintain our cautious stance on the sector considering muted demand recovery and pricing pressure, especially for agrochemicals.
Out of our coverage universe, we remain positive on Fine Organics, Navin Fluorine and Vinati Organics due to their lower exposure to agrochem.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
