Bodal Chemicals Ltd. News and Updates

Name: Latest research reports of Bodal Chemicals Ltd. authored by BP Wealth and published by - Trendlyne research reports.
Item: Bodal Chemicals Ltd.
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Author: BP Wealth

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Bodal Chemicals Ltd.

15 Apr 2020

60.59

-0.28%

BP Equities Chemical Result Preview Q4FY20E

Buy: Bodal Chemicals Ltd.

Target

BP Wealth

Largely Unaffected Q4; Lockdown likely to impact Q1FY21 earnings We expect the companies under our chemicals coverage to report revenue growth of ~4.2% in Q4FY20 with 7.3% growth in profitability, driven by the benefit of price increase in few chemicals and reduction in the tax rate. Chemicals being basic building blocks of end-user applications are most likely to feel the slowdown in demand due to nationwide restricted movement. Indian chemical companies' have a raw material dependency on China. Still, most companies have adequate inventory to cater to demand in the near-term (at least for the current quarter). With the gradual resumption of work in Chinese factories, supply issues are expected to resolve. Additionally, crude derivatives as raw material for chemical companies will be positive for the gross margins given the drop in oil prices....

Bodal Chemicals Ltd. has lost -25.72% in the last 1 Year

Bodal Chemicals Ltd.

14 Feb 2020

60.59

-0.28%

Ideas for Profit | Bodal Chemicals: Poor Q3, but well-positioned to benefit from Chinese shutdowns

Moneycontrol

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Bodal Chemicals Ltd. has lost -22.97% in the last 3 Months

Bodal Chemicals Ltd.

14 Feb 2020

60.59

-0.28%

Bodal Chemicals

Buy: Bodal Chemicals Ltd.

Recommendation Target

ICICI Securities Limited

Since the Coronavirus issue outbreak in China, technical/key input prices like H Acid, Vinyl sulphone surged at least 30-50% in a month. This is largely owing to the fact that Wuhan is considered one of the largest manufacturer of dye intermediates. However, we believe the recent price increase is largely sentimental in nature. Once China comes back into production, we expect to see a softening in key input prices. India had witnessed Vinyl sulphone imports of mere | 47 crore from China in FY19 while exports remained at | 740 crore of which exports to China were at | 299 crore...

Bodal Chemicals Ltd. has lost -25.72% in the last 1 Year

Bodal Chemicals Ltd.

23 May 2019

60.59

-0.28%

Bodal Chemicals

Sell: Bodal Chemicals Ltd.

Recommendation Target

ICICI Securities Limited

The board has given approval for expansion in the capacity of dyestuff at both Vadodara (1600 TPM) and Ahmedabad plant (400 TPM). We expect this to result into visibility in the volume growth post FY21. Further, the company is also entering into caustic soda business with a capacity of 300 TPD, translating into stability in the realisation growth to some extent in long run. However, any disruption from China could put pressure on realisation growth for entire capacity and thereby can curtail operating margins. Total capex for dyestuff, S Acid and caustic soda is earmarked at | 1023 crore with...

Bodal Chemicals Ltd. has lost -25.72% in the last 1 Year

Bodal Chemicals Ltd.

18 Feb 2019

60.59

-0.28%

Bodal Chemicals restores complete production of dye intermediate and dyestuff operations

Business Line

Bodal Chemicals has restored the complete production of dye intermediate and dyestuff operations. The operations were disrupted and closed partially o

Bodal Chemicals Ltd. is trading below all available SMAs

Bodal Chemicals Ltd.

26 Oct 2018

60.59

-0.28%

Bodal Chemicals

Buy: Bodal Chemicals Ltd.

Kotak Securities

Bodal Chemicals Q2FY19 numbers were in line with estimates. EBITDA margin during the quarter strengthened further by 40bps QoQ, supported by a change in product mix and a higher realisation. Going ahead, we foresee...

Bodal Chemicals Ltd. is trading below all available SMAs

Bodal Chemicals Ltd.

09 Jul 2018, 10:30PM

60.59

-0.28%

UK firm sets up brine-treatment unit for Bodal Chem in Vadodara

Business Line

After successfully opening a first-of-its-kind effluent water treatment plant at Bodal Chemical's site, Modern Water Plc, a UK-based advanced membran

Bodal Chemicals Ltd. has lost -22.97% in the last 3 Months

Bodal Chemicals Ltd.

30 May 2018

60.59

-0.28%

Bodal Chemicals

Buy: Bodal Chemicals Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bodal Chemicals (Bodal) reported a muted Q4FY18 performance on the back of softer blended realisation compared to base quarter. Net sales for the quarter were at | 282.4 crore, down 2.8% YoY EBITDA in Q4FY18 came in at | 46.7 crore with corresponding EBITDA margins at 16.5% (down 220 bps YoY). Lower margins were a result of higher overheads incurred in FY18 due to execution of major expansion projects and were not operational in nature...

Bodal Chemicals Ltd. has lost -25.72% in the last 1 Year

Bodal Chemicals Ltd.

28 Mar 2018

60.59

-0.28%

Bodal Chemicals

Buy: Bodal Chemicals Ltd.

Target

ICICI Securities Limited

Bodal is the largest integrated manufacturer of dyestuff and dyeintermediates in India. It has undertaken multiple expansions in its core business and diversified areas with subsequent ramp expected to fuel next leg of growth in FY19E-20E As of 9MFY18, its core business of dyestuff and dye intermediates continued to witness satisfactory growth in volume terms However, partial resumption of Chinese capacity in FY18E led to softening of product realisations (down 10% YoY) thereby resulting in marginal decline in topline in FY18E (absolute basis)...