BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
We hosted a CXO-Chemical Conference-2020 and invited senior management of seven listed chemical and agrochemical companies and an industry expert.
The nationwide lockdown impacted operations of the majority of chemical companies in Q1 FY21, but the pick-up was rapid in Q2.
Plants are currently operating at the utilisation of 70-90% of the pre-Covid-19 level.
Plant utilisations of companies that cater to end-user industries engaged in essential services such as pharmaceuticals and agrochemicals are higher.
Companies are continuing with their capex plans despite the implications of the Covid-19 pandemic, owing to a positive demand outlook.
Most of the companies believe that the Indian chemical industry is in a sweet spot given -
- the opportunity arising out of 'China Plus One' policy of Multinational corporations and the government,
- rising domestic demand, and
- export opportunity.
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