BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Fine Organic Industries Ltd. is India's largest oleochemical based (green) polymer and food additives manufacturer and is amongst top five to six successful players globally.
It operates at the top end of oleochemicals value chain (limited competition) and has sufficient capacity in place for growth till FY24E (~60% capacity expansion since FY19) to leverage the increasing adoption of green chemicals worldwide.
We expect 24% revenue compound annual growth rate and 41% earnings CAGR over FY21-24E (20% CAGR over FY20-24E - on pre-Covid-19 base) as return on capital employed expands to 33% (19% in FY21, 32% average over FY16-20).
Net cash balance sheet coupled with strong operating cash flow generation will enable self sustained growth.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
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.
