Sector Chemicals & Petrochemicals - Latest news, views and updates

Chemicals & Petrochemicals

SECTOR | 06 Jul 2022, 12:00AM

Chemicals

Chemicals & Petrochemicals

Prabhudas Lilladhar

Chemicals & Petrochemicals

SECTOR | 04 Jul 2022

Agro Chemicals

Chemicals & Petrochemicals

Prabhudas Lilladhar

Chemicals & Petrochemicals

SECTOR | 27 Jun 2022

Chemicals Sector Update

Chemicals & Petrochemicals

ICICI Direct

Chemicals & Petrochemicals

SECTOR | 26 Jun 2022

SRF (ADD), Navin Fluorine (HOLD), Galaxy Surfactants (HOLD), Sudarshan Chemical (BUY), Rossari Biotech (HOLD)

Chemicals & Petrochemicals

ICICI Securities Limited

Rossari Biotech’s four key raw materials’ inflation remains elevated which has kept the company’s margins under pressure. However, in Apr’22, acetic acid prices dipped sharply, but other three products’ prices continue to rise. Pigment prices have increased marginally on QoQ basis, which shows continued pressure on margins for Sudarshan.

Chemicals & Petrochemicals

SECTOR | 24 May 2022

Price trends in May '22

Chemicals & Petrochemicals

ICICI Securities Limited

R-22 prices dipped slightly to Rs242/kg (down 5.8% QoQ / up 36.4%) in Q4FY22, but volumes were down 34% YoY to just 3.7kte, which suggests pressure on prices will continue. This means SRF’s ref-gas revenue and EBIT margin benefits are coming entirely from the HFC portfolio. Some volume impact is due to shutdown of Gujarat Fluorochemicals’ (GFL) plant, but we are not worried as companies sell their entire quota allocated for full year.

Chemicals & Petrochemicals

SECTOR | 02 May 2022

Focus on returnable glass bottles and smaller PET packs is paying off in tackling inflationary pressures : Coca-Cola India

Business Line

Chemicals & Petrochemicals

SECTOR | 18 Apr 2022

BP Equities Chemical Sector Result Preview Q4 FY22

Chemicals & Petrochemicals

BP Wealth

Better realization + Higher RM cost = Moderate earning growth in Q4 We expect the companies under our chemicals coverage to report strong revenue growth (25.3% YoY) mainly led by steady demand in end-user industries and higher realization (raw material price increase pass on). We expect moderate volume growth for most companies under our coverage universe. Due to severe disruptions on supply routes, increased freight costs continued to impact imports, resulting a jump in chemical prices in the domestic market. Behind the sharp increase in the Crude oil price (+59% YoY), the base chemicals like Benzene, Toluene, Xylene, Phenol etc. have also surged between 40-90% on a YoY basis. High input costs coupled with an abnormal increase in...

Chemicals & Petrochemicals

SECTOR | 13 Apr 2022

Good sequential EBITDA growth for most companies

Chemicals & Petrochemicals

ICICI Securities Limited

We estimate our chemical coverage universe revenues to grow 34% YoY (9% QoQ) in Q4FY22 on sharp rise in prices due to input cost inflation. However, we expect gross profit to grow 24% YoY (+5.8% QoQ), which indicates strong underlying trend led by: 1) SRF’s robust growth (37% YoY) on pricing benefit in ref-gas, 2) Gujarat Fluorochemicals (35.5% YoY) on turnaround in fluoropolymers, and 3) Navin Fluorine (34% YoY) on spillover of CRAMS revenue from Q3FY22.

Chemicals & Petrochemicals

SECTOR | 11 Apr 2022

Result Preview: Chemicals

Chemicals & Petrochemicals

ICICI Securities Limited

There was a recovery in demand in sectors such as textile, paper, metals, automobiles, pharma, etc. This should support higher volume growth for most companies under our universe, especially from pigments, dyes, soda ash industries. Further, better realisations are expected to aid the overall performance. Companies in specialty chemicals and having large order backlog in place, should sustain similar momentum as witnessed in the last quarter. We anticipate our chemical universe companies will post topline growth of 29.3% YoY for Q4FY22E....