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.
ICICI Direct Report
The Finance Ministry has imposed antidumping duty on natural mica-based pearl industrial pigments, excluding cosmetic grade products. The duty will be ~$2-3/kilogram and will be levied for five years.
As per the initial document filed by Sudarshan Chemical Industries Ltd., overall import volumes for mica pigment from key geographies is at ~2181 million tonnes at an imported price of Rs 380/kg.
The price undercutting is estimated to be ~20-30% as on inquiry date.
Mica pigment currently contributes in low single digits to overall revenue of Sudarshan Chemical.
Based on our calculation, sales volumes should be ~1300 million tonnes against total capacity of ~3000 million tonnes as per the pre-feasibility study report filed earlier.
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.
