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Buy Archean Chemical Industries Ltd For Target Rs.795 By JM Financial Services Cyclone rips through earnings Archean’s 2QFY25 earnings print was significantly weaker than expected with EBITDA miss of ~19%, on account of less-than-expected sales due to the impact of cyclone Asna on salt volume (resulting in a stock loss of 472k MT). The management has indicated ~1mn MT quarterly run-rate of industrial salt volume buoyed by long-term contracts with its customers. On the bromine front, it is confident of achieving 20k MT volume in FY25 and has guided for 20-25k MT...
Buy Archean Chemical Industries Ltd For Target Rs.795 By JM Financial Services
Buy Archean Chemical Industries Ltd For Target Rs.795 By JM Financial Services
Source: JMFinancial Services
2024-12-02 02:03:13 pm
Archean Chemical Industries Ltd Q2FY25 by StoxBox Weak performance amid logistic challenges; Recovery expected in H2FY25 The company posted a revenue decline of 17.2% YoY / up 13.1% QoQ to Rs. 2,405 mn, below our expectations of Rs. 2,560 mn. The quarterly revenue decline was mainly due to logistics-related challenges. EBITDA decreased 21.7% YoY / up 4.9% QoQ to Rs. 747 mn, while EBITDA margin stood at 31.1% (down 240bps QoQ) in Q2FY25, owing to a contraction in gross margins by 1417 bps QoQ to 94.3%. The net profit stood at Rs. 157 mn (d...
Archean Chemical Industries Ltd Q2FY25 by StoxBox
Archean Chemical Industries Ltd Q2FY25 by StoxBox
Source: StoxBox
2024-11-14 12:42:24 pm
Investment Pick For Diwali 2024 : Archean Chemical Industries Ltd For Target Rs. 823 By Nirmal Bang Ltd * Archean Specialty Chemicals Ltd (ACIL) is a leading specialty marine chemical manufacturer in India. It manufactures three major product categories such as bromine (Br), industrial salts (NaCl) and sulphate of potash (SOP). In addition, ACIL looks positive on account of its expansion into value added portfolio such as – i) bromine derivatives (through an acquisition of wholly owned subsisdiary, Acume Chemical Pvt Ltd.) and ii) oil & gas and drilling segment (through an acquisition...
Investment Pick For Diwali 2024 : Archean Chemical Industries Ltd For Target Rs. 823 By Nirmal Bang Ltd
Investment Pick For Diwali 2024 : Archean Chemical Industries Ltd For Target Rs. 823 By Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-10-29 11:58:33 am
Archean Chemical Industries Ltd For Targate Price Rs.792 - Nirmal Bang Ltd * Archean Specialty Chemicals Ltd (ACIL) is a leading specialty marine chemical manufacturer in India. It manufactures three major product categories such as bromine (Br), industrial salts (NaCl) and sulphate of potash (SOP). It has a strong clientele of 29 global and 37 domestic customers. * Leading player with limited competition: It is one of the India?s largest exporters of both bromine and industrial salts (Q1FY24: exported 48% of Br/ 100% of NaCl production) with one of the lowest c...
Archean Chemical Industries Ltd For Targate Price Rs.792 - Nirmal Bang Ltd
Archean Chemical Industries Ltd For Targate Price Rs.792 - Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2023-10-02 10:03:23 am
Buy Archean Chemical Industries Ltd For Target Rs. 750 - ICICI Securities Bromine prices have dropped below 15-year low in China in Jun?23, but it has partly recovered in Aug?23. The price fall was a mix of greed, speculation and sudden drop in demand. China is undergoing destocking which may last till endCY23 as per ICL. We fundamentally like bromine producers as China is significantly dependent on imports to meet its demand, and thus, it cannot create overcapacity. Archean Chemical?s (ACI) Q1FY24 result was relatively better despite the volatility in bromine p...
Buy Archean Chemical Industries Ltd For Target Rs. 750 - ICICI Securities
Buy Archean Chemical Industries Ltd For Target Rs. 750 - ICICI Securities
Source: ICICI Securities
2023-09-15 03:47:40pm