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Neutral Alkyl Amines Chemicals Ltd For Target Rs.2,400 - Motilal Oswal Financial Services Ltd * Alkyl Amines (AACL) reported in-line revenue in 4QFY23. Gross margin contracted to 46.4%. EBITDA was also in line at INR769m with EBITDAM at 18.7% (+80bp QoQ). Operating expenses were higher due to elevated coal prices even as the company was able to maintain its market share in FY23. * The pharma industry outlook appears positive after a couple of years of drag post-Covid due to de-stocking on account of inventory buildup during the pandemic. That being said, the management focus and lo...
Neutral Alkyl Amines Chemicals Ltd For Target Rs.2,400 - Motilal Oswal Financial Services Ltd
Neutral Alkyl Amines Chemicals Ltd For Target Rs.2,400 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
15/05/2023 3:55:52 PM
Neutral Alkyl Amines Ltd For Target Rs.3,025 - Motilal Oswal Financial Services Acetonitrile prices soften; demand expected to remain strong * Acetonitrile demand is expected to stay strong, led by a recovery in demand from the Pharma sector. ACN is used as a solvent in the Pharma industry to produce antibiotics and insulin, apart from usage in the Textile and Plastic industry. * Much of the acetonitrile produced globally is as a by-product of acrylonitrile. This makes the production of ACN dependent on the demand of acrylonitrile in the market. Only China and Indi...
Neutral Alkyl Amines Ltd For Target Rs.3,025 - Motilal Oswal Financial Services
Neutral Alkyl Amines Ltd For Target Rs.3,025 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
22/12/2022 11:42:51 AM
Neutral Alkyl Amines Ltd For Target Rs.3,025 - Motilal Oswal Financial Services New capacity additions to drive volume growth * AACL reported lower-than-estimated revenue. Gross margin contracted in 2QFY23 to 49% (down 190bp QoQ). Some raw material prices have started falling, which would help improve margins. EBITDA also came in below our estimate at INR813m with EBITDAM at 19.9% (down 460bp QoQ). * Capacity expansion of Ethyl Amines in Kurkumbh (100tpd capacity) is on track and is expected to be commissioned by May/Jun’23, with mechanical completion planned...
Neutral Alkyl Amines Ltd For Target Rs.3,025 - Motilal Oswal Financial Services
Neutral Alkyl Amines Ltd For Target Rs.3,025 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/11/2022 11:05:02 AM
Alkyl Amines Che Q1 net profit up 4.25% at Rs 81.88 cr The company reported standalone net profit of Rs 81.88 crore for the quarter ended June 30, 2022 as compared to Rs 78.54 crore in the same period last year, registering a year-on-year growth of 4.25 per cent. Net revenue of the company rose substantially by 20.84 per cent at Rs 473.48 crore in April-June quarter of this fiscal as against Rs 391.81 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 27.24 per cent to Rs 357.65 crore from Rs 2...
Alkyl Amines Che Q1 net profit up 4.25% at Rs 81.88 cr
Alkyl Amines Che Q1 net profit up 4.25% at Rs 81.88 cr
Source: Dion Global Solutions Ltd
1/08/2022 1:51:51 PM
Neutral Alkyl Amines Chemicals Ltd For Target Rs.250 - Motilal Oswal Margins continue to tumble; volumes also impacted * Alkyl Amines (AACL) reported a miss on our revenue estimate (-11% QoQ) on account of a dip in volumes by 10% QoQ. This was largely attributable to lower demand from the Pharma and Agro spaces during the quarter. Alternate raw materials purchased by the aforementioned customers (primarily from China) were impacted, due to which overall production remained low.   * Raw material prices further increased (~30%) on a QoQ basis, alth...
Neutral Alkyl Amines Chemicals Ltd For Target Rs.250 - Motilal Oswal
Neutral Alkyl Amines Chemicals Ltd For Target Rs.250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
10/11/2021 12:27:26 PM
Neutral Alkyl Amines Ltd For Target Rs.3,665 - Motilal Oswal Continued capacity addition in the space to impact margins * Alkyl Amines (AACL) reported revenue in line with our estimates, while EBITDA was 18% below our estimate due to margin contraction. The gross margin contracted QoQ (by 810bps) to 49% in 1QFY22 – the lowest level in the last eight quarters. * Raw material price inflation is likely to continue over the next couple of quarters due to a demand-supply mismatch in the global commodity markets (as global economies revive to nor...
Neutral Alkyl Amines Ltd For Target Rs.3,665 - Motilal Oswal
Neutral Alkyl Amines Ltd For Target Rs.3,665 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/09/2021 12:11:05 PM