Sector Chemicals & Petrochemicals - Latest news, views and updates

SECTOR | 12 Jul 2021

Result Preview: Chemicals

ICICI Securities Limited

Since the start of Q4FY21, crude oil prices have gone up by ~35%, which percolated to many chemicals prices to reach considerably higher levels. Since there has been a lag impact of passing on higher input cost to end users, we expect our universe companies to have able to pass on meaningful increase during this quarter and thereby assist sustainability/improvement in gross margins. In terms of volume growth, since there has been restoration of demand across construction, auto, textile along with sectors being resistant during pandemic such as pharma, agrochemical, FMCG, it should...

Chemicals & Petrochemicals

SECTOR | 19 Apr 2021

BP Equities Chemical Sector Result Preview Q4 FY21

Chemicals & Petrochemicals

BP Wealth

in speciality chemical segment and healthy growth in the pharma segment. With improved product mix and additional compensation income from the canceled contract, EBIDTA margin likely to improve by 404bps to 24.4% from 20.3% in Q4FY20. The net profit expected to grow by 85% at...

Chemicals & Petrochemicals

SECTOR | 09 Apr 2021, 12:00AM

Result Preview: Chemicals

Chemicals & Petrochemicals

ICICI Securities Limited

EBITDA to grow 33.9% YoY with bottomline up 41.9% YoY Increase in the value added segment revenue from the basket of specialty chemical companies along with a rise in realisation for select companies can aid the operational performance. We expect the OPM of our coverage universe companies to expand 280 bps YoY to 19.3%, leading to EBITDA growth of 33.9% YoY. Bottomline growth is expected to be up 41.9% YoY, largely on the back of lower tax outgo and higher other income....

Chemicals & Petrochemicals

SECTOR | 01 Feb 2021

Govt should have announced schemes for job creation: CPMTA

Business Line

The Canara Plastic Manufacturers' and Traders' Association (CPMTA) has said that the Government should have come out with schemes in the Union Budget

Chemicals & Petrochemicals

SECTOR | 12 Jan 2021

Result Preview: Chemicals

Chemicals & Petrochemicals

ICICI Securities Limited

EBITDA to grow 12.4% YoY with bottomline up 15.3% YoY Increase in the value added segment revenue from the basket of specialty chemical companies along with a rise in realisation for selected companies can aid the operational performance. We expect our coverage universe companies OPM to expand 30 bps YoY to 18.4%, leading to EBITDA growth of 12.4% YoY. Bottomline is expected to grow 15.3% YoY, largely on the...

Chemicals & Petrochemicals

SECTOR | 29 Dec 2020

Dhunseri Ventures share rises 10% on levy of anti-dumping duty on PET Resin imports from China

Business Today

Dhunseri Ventures share price has risen 12.86% in the last 2 days. Dhunseri Ventures stock price is trading higher than 5, 20, 50, 100 and 200-day moving averages

Chemicals & Petrochemicals

SECTOR | 10 Aug 2020

DGTR for anti-dumping duty on Chinese chemical to avert cheap imports

Business Standard

The commerce ministry's investigation arm DGTR has recommended imposition of provisional anti-dumping duty on 'PET resin' chemical from China to guard domestic players from cheap imports.

Chemicals & Petrochemicals

SECTOR | 07 Aug 2020

India may impose anti-dumping duty on Chinese PET Resin

Economic Times

PET resin is used in textiles, plastic bottles, tires, undersea cables and 3-D printing, among others. However, the department said that the scope of product under consideration does not include recycled PET Resin used to manufacture preforms, which are then converted into PET bottle and jars for the storage of mineral water, carbonated soft drinks, edible oils, and pharmaceutical products.