Specialty Chemicals Q4 Preview - Excluding Chemplast, Ebitda Growth Is 15% For Chemical Cos: ICICI Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.We estimate our specialty chemical coverage universe’s revenue to grow 3.3% YoY in Q4 FY23. Ebitda is expected to grow 5.3% YoY; however, excluding Chemplast Sanmar Ltd., we estimate growth to be 15% YoY:SRF Ltd.’s Ebitda to dip (down 1.4%) YoY on lower margin in non-chemicals, while chemicals business to continue its good show; Navin Fluorine International Ltd. (up 98%) to benefit from rise in utilisation of high purity products plant and higher specialty / contract research and manufacturing services revenue;Gujarat Fluorochemicals Ltd.’s (52% YoY) growth to be led by a strong show in new fluoropolymers and ref-gas, andClean Science and Technology Ltd. (40% YoY) and EPL Ltd. (up 16% YoY) to benefit from lower input prices.Tatva Chintan Pharma Chem Ltd.’s performance continues to be hurt by higher input cost, while structure directing agent sales to recover. Galaxy Surfactants Ltd.’s volumes to grow but on low base, but Ebitda/kg may dip. Chemplast Sanmar Ltd.’s volumes to be stable; however, PVC spread is likely to recover, but still below mid cycle levels. PCBL Ltd.’s volumes to grow on re-inventorisation and gross profit/kg to be stable. Sudarshan Chemical Industries Ltd. to continue facing volume pressure in pigment business on lower demand from plastics, but margins to recover partly.Rossari Biotech Ltd.'s Ebitda to grow moderately even on a low base.Archean Chemical Industries Ltd. to see subdued demand in bromine volume; realisation to hold..Click on the attachment to read the full report:.Agro Chemicals Q4 Results Preview — Challenges To Persist For Domestic Players: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Specialty Chemicals Q4 Preview - Excluding Chemplast, Ebitda Growth Is 15% For Chemical Cos: ICICI Securities

We estimate our specialty chemical coverage universe’s revenue to grow 3.3% YoY in Q4 FY23.

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