Vinati Organics Upgraded To 'Buy' By HDFC Securities On Expansion, New Product Launch

Over last three years, Vinati Organics has expanded its presence in European and other markets. The share of these markets in total exports has accelerated to 43% in CY24 from 18% in CY21. While the share of exports to the US has gradually come down from 78% in CY21 to 48% in CY24..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. .HDFC Securities Institutional Equities.We are upgrading Vinati Organics Ltd. from Reduce to Buy with target price of Rs 2,308. Projects worth Rs 8 billionn will be capitalised over the next one year. Vinati Organics is expanding its ATBS capacity by a whopping 50% to 60 KTPA (~investment of Rs 3 billion). With 60-65% market share in ATBS globally, it is the largest exporter to the US and European markets. Robust demand for ATBS and its derivates by diverse end-users in developed markets will fill the capacity. Veeral Organics Pvt Ltd., a subsidiary of Vinati Organics, is expected to commission its Rs 5 billion investment projects in Q2 FY26, introducing a new set of products. Strong demand for antioxidants will enhance utilisation of the plant from below 50% to 90% by FY27. The next leg of capex is expected to be announced in coming quarters, with the company broadening its antioxidant portfolio. ATBS expansion, new product launch, and expansion in butyl phenol and antioxidants will drive the company’s growth over FY26-28E..Click on the attachment to read the full report:.Motilal Oswal Stays 'Neutral' On Hindustan Zinc, Says Current Valuation Captures The Positives.DISCLAIMERThis 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.

Vinati Organics Upgraded To 'Buy' By HDFC Securities On Expansion, New Product Launch

HDFC Securities upgrades Vinati Organics from Reduce to Buy with target price of Rs 2,308.

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