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Buy Vinati Organics Ltd For Target Rs.2150 - Motilal Oswal Financial Services New product launches to drive the next leg of growth * Vinati Organics (VO)’s FY23 Annual Report highlights its long-term relationships with clients as well as its focus on R&D expertise. These have helped the company amplify the value for all its stakeholders, despite cyclicality and macro headwinds. * VO is facing demand challenges in its key product, ATBS, due to inventory build-up by customers because of high offtake during 2HFY23. However, management expects the launch of...
Buy Vinati Organics Ltd For Target Rs.2150 - Motilal Oswal Financial Services
Buy Vinati Organics Ltd For Target Rs.2150 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2/09/2023 11:23:21 AM
Sell Vinati Organics Ltd For Target Rs 1,625 - Centrum Broking Ltd Volume pressure in Q1; FY25E numbers downgraded Vinati Organics (Vinati) reported muted Q1 performance marred by demand challenges in exports market despite product prices being relatively resilient. Exports volumes were impacted due to higher offtake in 2HFY23 which is expected to normalize in 1HFY24E with the ongoing inventory destocking. Resultantly, Vinati’s revenues/ EBITDA/ PAT declined 15%/ 17%/ 18% YoY and 14%/ 28%/ 28% QoQ. ATBS expansion and MEHQ/ Guaiacol projects are on t...
Sell Vinati Organics Ltd For Target Rs 1,625 - Centrum Broking Ltd
Sell Vinati Organics Ltd For Target Rs 1,625 - Centrum Broking Ltd
Source: Centrum Broking Ltd
18/08/2023 3:01:41 PM
Vinati Organics soars on subscribing to additional shares in Veeral Organics Vinati Organics is currently trading at Rs. 1894.00, up by 62.20 points or 3.40% from its previous closing of Rs. 1831.80 on the BSE. The scrip opened at Rs. 1840.00 and has touched a high and low of Rs. 1894.00 and Rs. 1838.35 respectively. So far 4993 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2372.95 on 12-Sep-2022 and a 52 week low of Rs. 1693.05 on 29-Mar-2023. Last one week high and low of the scrip s...
Vinati Organics soars on subscribing to additional shares in Veeral Organics
Vinati Organics soars on subscribing to additional shares in Veeral Organics
Source: Accord Fintech
1/08/2023 10:40:25 AM
Buy Vinati Organics Ltd For Target Rs.2,245- Motilal Oswal Financial Services Ltd * VO reported lower-than-estimated revenues (6% below our estimates) in 4QFY23 because of inventory built-up at customers’ end. This is further expected to continue in FY24 as well. Gross margin declined to 50.3% (down 140bp QoQ), with EBITDAM at 30.3% (down 190bp QoQ). The management has guided that demand for IBB is good and expected to remain robust going forward. * That being said, the management expects to have a muted FY24 with ATBS demand likely to bounce back not before end-F...
Buy Vinati Organics Ltd For Target Rs.2,245- Motilal Oswal Financial Services Ltd
Buy Vinati Organics Ltd For Target Rs.2,245- Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
23/05/2023 3:27:38 PM
Buy Vinati Organics Ltd For Target Rs. 2,148- Geojit Financial Services Profitability momentum continues... Vinati Organics Ltd (VOL) enjoys global leadership in two specialty chemicals, with a market share of 70% in IBB (isobutyl benzene) and 80% in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). * Revenue grew by 38% YoY in Q3FY23, exceeding our expectations, driven by its key products ATBs and healthy growth across other segments. 9MFY23 PAT was up by 40% YoY. * EBITDA grew by 77% YoY, while margins expanded by 700bps YoY to 32.2% led by superior ...
Buy Vinati Organics Ltd For Target Rs. 2,148- Geojit Financial Services
Buy Vinati Organics Ltd For Target Rs. 2,148- Geojit Financial Services
Source: Geojit Financial Services
1/04/2023 3:10:37 PM
Buy Vinati Organics Ltd For Target Rs 2,401 - Centrum Broking Vinati Organics (Vinati) reported strong operating performance in a seasonally weak quarter buoyed by GM expansion and lower opex. The company reported 37.8% YoY top-line growth missing our estimates by ~12% while EBITDA/ PAT surged by 76.5%/ 50.7% YoY which was ~5%/ 3% ahead of our estimates. Demand for IBB picked up from Q2 and further improved in Q3 while ATBS demand remained marginally down QoQ due to seasonality. Management in its media interaction remained upbeat on FY23E growth and EBI...
Buy Vinati Organics Ltd For Target Rs 2,401 - Centrum Broking
Buy Vinati Organics Ltd For Target Rs 2,401 - Centrum Broking
Source: Centrum Broking
25/03/2023 11:52:46 AM
Mid Cap : Buy Vinati Organics Ltd For Target Rs.2,148 - Geojit Financial Services Profitability momentum continues... Vinati Organics Ltd (VOL) enjoys global leadership in two specialty chemicals, with a market share of 70% in IBB (isobutyl benzene) and 80% in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). • Revenue grew by 38% YoY in Q3FY23, exceeding our expectations, driven by its key products ATBs and healthy growth across other segments. 9MFY23 PAT was up by 40% YoY. • EBITDA grew by 77% YoY, while margins expanded by 700bps YoY to 32.2% led by...
Mid Cap : Buy Vinati Organics Ltd For Target Rs.2,148 - Geojit Financial Services
Mid Cap : Buy Vinati Organics Ltd For Target Rs.2,148 - Geojit Financial Services
Source: Geojit Financial Services
22/03/2023 3:50:03 PM
Buy Vinati Organics For Target Rs.2,545 - Anand Rathi Share and Stock Brokers Bright demand outlook, expansions support future growth; Buy Higher realisations, better demand across product categories and costs passed on supported Vinati’s Q3 FY23 performance. We are positive on it long-term performance considering good revenue assurance with healthy ATBS demand (oil exploration) and capacity expansion, greater butyl phenol utilisation, the Veeral amalgamation (anti-oxidants) and foray into manufacturing MEHQ, guaiacol and iso-amylene (IB derivatives). Costs...
Buy Vinati Organics For Target Rs.2,545 - Anand Rathi Share and Stock Brokers
Buy Vinati Organics For Target Rs.2,545 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
9/02/2023 10:40:29 AM
Investment Idea : Vinati Organics Ltd For Target Rs 2,740 - Motilal Oswal Financial Services ATBS demand outlook robust; realizations firm * Oil drilling activities remain vigorous globally as the countries move away from their dependence on Russian oil and gas. Average global rig counts have risen 10% since the Russia-Ukraine conflict started in Mar’22. * In line with the above, Vinati Organics (VO)’s management outlook for ATBS remains robust and it has announced a 50% capacity expansion to 60ktpa (from 40ktpa), which is likely to come online in 2HFY24. ATBS prima...
Investment Idea : Vinati Organics Ltd For Target Rs 2,740 - Motilal Oswal Financial Services
Investment Idea : Vinati Organics Ltd For Target Rs 2,740 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
31/01/2023 11:53:13 AM
Buy Vinati Organics Ltd For Target Rs 2,740 - Motilal Oswal Financial Services ATBS demand outlook robust; realizations firm * Oil drilling activities remain vigorous globally as the countries move away from their dependence on Russian oil and gas. Average global rig counts have risen 10% since the Russia-Ukraine conflict started in Mar’22. * In line with the above, Vinati Organics (VO)’s management outlook for ATBS remains robust and it has announced a 50% capacity expansion to 60ktpa (from 40ktpa), which is likely to come online in 2HFY24. ATBS prima...
Buy Vinati Organics Ltd For Target Rs 2,740 - Motilal Oswal Financial Services
Buy Vinati Organics Ltd For Target Rs 2,740 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/01/2023 1:22:10 PM
Buy Vinati Organics Ltd For Target Rs. 2,500 - Motila Oswal Financial Services ATBS drives yet another quarter; demand remains strong * VO reported higher-than-estimated revenues (9% above our estimates) in 2QFY23. However, gross margin declined to 45% (down 50bp QoQ). EBITDA was in line, with EBITDAM at 26.2% (up 40bps QoQ). The company was, however, able to maintain its EBITDA/kg margin during the quarter (as per the management). * The management is focusing on its already announced capacity expansion to 60ktpa from 40ktpa (expected commissioning in 3QFY24), whi...
Buy Vinati Organics Ltd For Target Rs. 2,500 - Motila Oswal Financial Services
Buy Vinati Organics Ltd For Target Rs. 2,500 - Motila Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
22/11/2022 12:47:02 PM
Buy Vinati Organics Ltd For Target Rs.2320 - ICICI Direct ATBS, butyl phenols to sustain growth momentum… About the stock: Vinati Organics is a leading manufacturer of specialty chemical and organic intermediaries with global market leadership in its two key products- 2- Acrylamido 2 Methylpropane Sulphonic Acid (ATBS) and Isobutyl Benzene (IBB). Starting with IBB and subsequent forays into IB, ATBS, Butyl phenols, the company is now moving towards antioxidants. * The company has two manufacturing facilities at Mahad and Lote * In te...
Buy Vinati Organics Ltd For Target Rs.2320 - ICICI Direct
Buy Vinati Organics Ltd For Target Rs.2320 - ICICI Direct
Source: ICICI Direct Ltd
11/11/2022 9:54:46 AM
Buy Vinati Organics Ltd For Target Rs.2360 - Geojit Financial Services Strong performance... Vinati Organics Ltd (VOL) enjoys global leadership in two specialty chemicals, with a market share of 70% in IBB (isobutyl benzene) and 80% in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). • Revenue grew by 51% YoY in Q2FY23, exceeding our expectations, driven by its key products ATBs and healthy growth across other segments. • EBITDA grew by 47% YoY, while margins fell by 80bps YoY to 25.8% due to increase in power & fuel costs. Despite this...
Buy Vinati Organics Ltd For Target Rs.2360 - Geojit Financial Services
Buy Vinati Organics Ltd For Target Rs.2360 - Geojit Financial Services
Source: Geojit Financial Services Ltd
11/11/2022 9:31:43 AM
Vinati Organics gains on subscribing additional stake in Veeral Organics Vinati Organics is currently trading at Rs. 2089.25, up by 3.75 points or 0.18% from its previous closing of Rs. 2085.50 on the BSE. The scrip opened at Rs. 2099.95 and has touched a high and low of Rs. 2124.40 and Rs. 2065.70 respectively. So far 2631 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2372.95 on 12-Sep-2022 and a 52 week low of Rs. 1675.00 on 24-Feb-2022. Last one week high and low of the scrip st...
Vinati Organics gains on subscribing additional stake in Veeral Organics
Vinati Organics gains on subscribing additional stake in Veeral Organics
Source: IANS
3/10/2022 2:23:21 PM
Buy Vinati Organics Ltd For Target Rs.2,593- Motilal Oswal Financial Services Ltd Confident of sustainably enhancing value VO’s FY22 Annual Report highlights its long-term relationships with its clients and its focus on R&D expertise, which has helped amplify value for all its stakeholders, despite industry cycles and macro headwinds. The management is confident that a niche product portfolio, expansion in its existing capacities, and foray into new products will enable it to keep the revenue momentum strong (that it generated in FY22 after a muted FY21), alth...
Buy Vinati Organics Ltd For Target Rs.2,593- Motilal Oswal Financial Services Ltd
Buy Vinati Organics Ltd For Target Rs.2,593- Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2/09/2022 10:30:42 AM
Buy Vinati Organics Ltd For Target Rs. 2,680 - Motila Oswal Financial Services Growth prospects remain strong due to multiple tailwinds * VO reported 6% lower-than-estimated revenue in 1QFY23. However, gross margin was in line with our estimate at 45.5% (-50bp QoQ). EBITDA missed our estimate, with EBITDAM at 25.8% (-270bp QoQ). The company was, however, able to maintain its EBITDA/kg margin during the quarter. * ATBS demand has crossed pre-COVID levels and the management has already announced capacity expansion to 60ktpa from 40ktpa (expected to be commissioned i...
Buy Vinati Organics Ltd For Target Rs. 2,680 - Motila Oswal Financial Services
Buy Vinati Organics Ltd For Target Rs. 2,680 - Motila Oswal Financial Services
Source: Motilal Oswal Financial Services
9/08/2022 9:53:31 AM
Vinati Organics rises on making additional investment in wholly owned subsidiary Vinati Organics is currently trading at Rs. 2037.20, up by 6.50 points or 0.32% from its previous closing of Rs. 2030.70 on the BSE. The scrip opened at Rs. 2034.35 and has touched a high and low of Rs. 2042.35 and Rs. 2004.40 respectively. So far 296 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2289.55 on 25-Apr-2022 and a 52 week low of Rs. 1675.00 on 24-Feb-2022. Last one week high and low of the scrip sto...
Vinati Organics rises on making additional investment in wholly owned subsidiary
Vinati Organics rises on making additional investment in wholly owned subsidiary
Source: Accord Fintech
15/07/2022 11:10:42 AM
Mid Cap - Vinati organics Ltd For Target Rs.2,154 - Geojit Financial Services New products to drive growth...margin to improve Vinati Organics Ltd (VOL) enjoys global leadership in two specialty chemicals, with market share of 70% in IBB (isobutyl benzene) and 80% in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). * FY22 revenue grew by 69% YoY led by higher realization, better off-take from Butyl phenols and stable demand from other segments. * EBITDA grew by 23% YoY, while margins fell by 1,007bps YoY to 27% due to higher input cost. Despite this PA...
Mid Cap - Vinati organics Ltd For Target Rs.2,154 - Geojit Financial Services
Mid Cap - Vinati organics Ltd For Target Rs.2,154 - Geojit Financial Services
Source: Geojit Financial Services Ltd
29/06/2022 11:35:27 AM
Buy Vinati Organics Ltd For Target Rs.2379 - Motilal Oswal Lower OPEX and employee cost leads to better margin * VO reported a beat on our EBITDA estimate, with gross margin in line at 46% (-300bp QoQ). Revenue was above our estimate in 4QFY22, with EBITDAM at 28.6% (+340bp QoQ). * The management has guided at a sales growth of 25-30% YoY each in FY23 and FY24, led by the commissioning of an antioxidant plant and foray into niche chemicals through Veeral Organics (an Agrochemical intermediate). It plans to commission Veeral Additives soon and r...
Buy Vinati Organics Ltd For Target Rs.2379 - Motilal Oswal
Buy Vinati Organics Ltd For Target Rs.2379 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
21/05/2022 11:31:01 AM
Buy Vinati Organics Ltd For Target Rs.2320 - ICICI Direct Newer businesses to drive growth ahead About the stock: Vinati Organics is a leading manufacturer of specialty chemical and organic intermediaries with global market leadership in its two key products- 2- Acrylamido 2 Methylpropane Sulphonic Acid (ATBS) and Isobutyl Benzene (IBB). Starting with IBB and subsequent forays into IB, ATBS, Butyl phenols, the company is now moving towards antioxidants. The company has two manufacturing facilities at Mahad and Lote    In te...
Buy Vinati Organics Ltd For Target Rs.2320 - ICICI Direct
Buy Vinati Organics Ltd For Target Rs.2320 - ICICI Direct
Source: ICICI Direct
21/02/2022 2:45:33 PM
Buy Vinati Organics Ltd For Target Rs 2,160 - Motilal Oswal Margin expands marginally QoQ; ATBS outshines * VO’s reported earnings in 2QFY22 was in line with our estimates, with a marginal improvement in EBITDA margin QoQ to 27% (+70bp QoQ). The YoY decline was largely on the back of rise in raw material prices resulting in gross margin declining from 60% to 48% YoY. * The management has revised down its EBITDA margin guidance to 30% (from 32- 35% in the last quarter, which was the second downward revision in the recent past) as it expects...
Buy Vinati Organics Ltd For Target Rs 2,160 - Motilal Oswal
Buy Vinati Organics Ltd For Target Rs 2,160 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/12/2021 10:31:40 AM
Buy Vinati Organics Ltd For Target Rs.2270 - ICICI Direct Newer businesses to drive growth ahead… About the stock: Vinati Organics is a leading manufacturer of specialty chemical and organic intermediaries with global market leadership in its two key products- 2- Acrylamido 2 Methylpropane Sulphonic Acid (ATBS) and Isobutyl Benzene (IBB). Starting with IBB and subsequent forays into IB, ATBS, Butyl phenols, the company is now moving towards antioxidants. * The company has two manufacturing facilities at Mahad and Lote * In terms of r...
Buy Vinati Organics Ltd For Target Rs.2270 - ICICI Direct
Buy Vinati Organics Ltd For Target Rs.2270 - ICICI Direct
Source: ICICI Direct
14/12/2021 8:40:20 AM
Vinati Organics rises on subscribing additional stake in Veeral Organics Vinati Organics is currently trading at Rs. 2029.50, up by 5.80 points or 0.29% from its previous closing of Rs. 2023.70 on the BSE. The scrip opened at Rs. 2050.00 and has touched a high and low of Rs. 2063.15 and Rs. 2014.55 respectively. So far 6583 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2180.40 on 08-Oct-2021 and a 52 week low of Rs. 1080.00 on 22-Dec-2020. Last one week high and low of the scrip st...
Vinati Organics rises on subscribing additional stake in Veeral Organics
Vinati Organics rises on subscribing additional stake in Veeral Organics
Source: Accord Fintech
22/10/2021 3:40:53 PM
Weekly Tech Picks - Sundram Fasteners Ltd, Marico Ltd, Vinati Organics Ltd, Bharti Airtel Ltd, ICICI Lombard General Insurance Company Ltd By Axis Securities Sundram Fasteners Limited * On the weekly chart, the stock has witnessed a strong breakout from “Triangular” pattern around 860 levels indicating resumption of the uptrend * The stock is well placed above its 20 and 50-day SMA’s which reconfirm bullish sentiments * Huge volumes at breakout zone signals increased participation * The stock is in strong up trend across all the time frames forming a series of higher tops and bottoms  * The dail...
Weekly Tech Picks - Sundram Fasteners Ltd, Marico Ltd, Vinati Organics Ltd, Bharti Airtel Ltd, ICICI Lombard General Insurance Company Ltd By Axis Securities
Weekly Tech Picks - Sundram Fasteners Ltd, Marico Ltd, Vinati Organics Ltd, Bharti Airtel Ltd, ICICI Lombard General Insurance Company Ltd By Axis Securities
Source: Axis Securities Ltd
13/09/2021 8:41:46 AM
Buy Vinati Organics Ltd For Target Rs.2300 - ICICI Direct Newer businesses to drive growth ahead… About the stock: Vinati Organics is a leading manufacturer of specialty chemical and organic intermediaries with global market leadership in its two key products- 2- Acrylamido 2 Methylpropane Sulphonic Acid (ATBS) and Isobutyl Benzene (IBB). Starting with IBB and subsequent forays into IB, ATBS, Butyl phenols, the company is now moving towards antioxidants. * The company has two manufacturing facilities at Mahad and Lote. * In terms of ...
Buy Vinati Organics Ltd For Target Rs.2300 - ICICI Direct
Buy Vinati Organics Ltd For Target Rs.2300 - ICICI Direct
Source: ICICI Direct
2/09/2021 12:17:06 PM
Buy Vinati Organics Ltd For Target Rs.2,220 - Motilal Oswal Gross margin guidance revised down; revenue potential intact * Vinati Organics (VO) reported mixed results, with revenue above our estimate (+20%), while EBITDA came in below our estimate (-8%). The gross margin shrank to 45% – the lowest since 3QFY15. The resultant EBITDA margin stood at 26.3% (v/s our est. of 34.3% and 35.4% in 4QFY21). * Higher freight costs (by INR100m), along with an increase in Phenol and Acrylonitrile prices, impacted margins. Freight costs were the highes...
Buy Vinati Organics Ltd For Target Rs.2,220 - Motilal Oswal
Buy Vinati Organics Ltd For Target Rs.2,220 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/08/2021 12:02:25 PM
Buy Vinati Organics Ltd For Target Rs. 2,170 - Motilal Oswal At the threshold of next-level growth Vinati Organic (VO)’s FY21 Annual Report highlights its ability to adapt to change, while delivering robust results during the year. Despite these trying times, the company was able to maintain its status as market leader in the ATBS and IBB segments. With the capacity expansion of ATBS, the addition of Butyl Phenols, and ongoing capex for other IB derivatives, the company is confident of delivering growth, along with stronger synergies. We maint...
Buy Vinati Organics Ltd For Target Rs. 2,170 - Motilal Oswal
Buy Vinati Organics Ltd For Target Rs. 2,170 - Motilal Oswal
Source: Motilal Oswal Financial Services
17/07/2021 10:55:52 AM
Vinati Organics Q4 net profit down 5.05% at Rs 70.86 cr The company reported standalone net profit of Rs 70.86 crore for the quarter ended March 31, 2021 as compared to Rs 74.63 crore in the same period last year, registering a year-on-year decline of 5.05 per cent. Net revenue of the company rose moderately by 14.03 per cent at Rs 279.77 crore in January-March quarter of this fiscal as against Rs 245.34 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 25.73 per cent to Rs 180.64 crore f...
Vinati Organics Q4 net profit down 5.05% at Rs 70.86 cr
Vinati Organics Q4 net profit down 5.05% at Rs 70.86 cr
Source: Dion Global Solutions Ltd
14/05/2021 10:16:38 AM
Vinati Organics Limited : Gearing up for next level growth; maintain Buy - Emkay Global Gearing up for next level growth; maintain Buy * VO has announced a scheme of amalgamation of Veeral Additives (VAPL) into VO, subject to NCLT approval. VAPL is in the business of manufacturing antioxidants for polymers. Following the deal, VO will be the largest and only integrated manufacturer for certain antioxidants in India, with an additional revenue potential of Rs3bn (Rs5bn including Butylated Phenols). * VO EBITDA came in 12% below estimates on adverse product mix and higher em...
Vinati Organics Limited : Gearing up for next level growth; maintain Buy - Emkay Global
Vinati Organics Limited : Gearing up for next level growth; maintain Buy - Emkay Global
Source: Emkay Global Financial Services Ltd
6/03/2021 10:52:42 AM
Vinati Organics Ltd : Gearing up for next level growth; maintain Buy - Emkay Global Buy Vinati Organics Ltd For Target Rs. 1,330 Gearing up for next level growth; maintain Buy * VO has announced a scheme of amalgamation of Veeral Additives (VAPL) into VO, subject to NCLT approval. VAPL is in the business of manufacturing antioxidants for polymers. Following the deal, VO will be the largest and only integrated manufacturer for certain antioxidants in India, with an additional revenue potential of Rs3bn (Rs5bn including Butylated Phenols). * VO EBITDA came in 12% belo...
Vinati Organics Ltd : Gearing up for next level growth; maintain Buy - Emkay Global
Vinati Organics Ltd : Gearing up for next level growth; maintain Buy - Emkay Global
Source: Emkay Global Financial Services Ltd
18/02/2021 10:01:38 AM
Mid Cap : Buy Vinati organics Ltd For Target Rs.1,539 - Geojit Financial ATBS demand weak...earnings revival in FY22 Vinati Organics Ltd (VOL) enjoys global leadership in two specialty chemicals, with market share of 70% in IBB (isobutyl benzene) and 80% in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). * Q3FY21 revenue declined by 6% YoY on account of lower contribution from ATBS business, as oil & Gas sector was subdued. * EBIDTA margins fell by 250bps YoY to 32.3% due to lower contribution from high margin ATBS is the sales mix and higher cos...
Mid Cap : Buy Vinati organics Ltd For Target Rs.1,539 - Geojit Financial
Mid Cap : Buy Vinati organics Ltd For Target Rs.1,539 - Geojit Financial
Source: Geojit Financial Services Ltd
11/02/2021 9:46:32 AM
Sell Vinati Organics Ltd For Target Rs.1,015 - HDFC Securities IBB clocks in the highest-ever volumes! Our SELL recommendation on Vinati Organics with a discounted cash flow- based target price of INR 1,015 (WACC 10%, terminal growth 3.5%) is driven by (1) demand slowdown for the high-margin 2-Acrylamido 2- Methylapropane Sulphonic Acid (ATBS) that contributed ~60% to its revenue mix in FY20, (2) shift in revenue mix towards lower-margin Iso Butyl Benzene (IBB), which formed ~25% of the mix in 3Q versus 16% in FY20, and (3) slow ramp-up in the recentl...
Sell Vinati Organics Ltd For Target Rs.1,015 - HDFC Securities
Sell Vinati Organics Ltd For Target Rs.1,015 - HDFC Securities
Source: HDFC Securities Ltd
10/02/2021 9:53:35 AM