Vinati Organics Ltd. share price target

Vinati Organics Ltd (VOL) reported net sales of INR 213 crs during the quarter which was ~11% above our estimate of INR 192...

Vinati Organics Ltd. (VOL) is a global leader in Isobutyl Benzene (IBB) and 2-Acrylamido-2-Methylpropane Sulfonic Acid (ATBS).

Vinati Organics Ltd. (VOL) Q3FY18: Lower IBB sales impact topline; Margins hit by RM price increase; Maintain Hold

Sector: Specialty Chemicals/Mid Cap | Earnings Update 3QFY18 Background: Vinati Organics Limited (VOL) was established in 1989 to manufacture specialty organic chemicals. It has since grown to become the world's largest manufacturer of IBB and second largest manufacturer of ATBS. The company's products are exported to customers in countries across Europe, America and Asia. Competitive edge in niche specialty chemicals Cost leadership & scale economies in IBB and technological entry barrier in ATBS. The company started with a small capacity of 1,000 TPA and gradually expanded to 26,000 TPA today for its ATBS production, capturing 45% of the market share. The company also command more than...

Vinati Organics Ltd (VOL) reported net sales of INR 161 crs during the quarter which was 13% below our estimate of INR 184 crs. Majority of the sales increase was driven by demand for...

Sector: Specialty Chemicals/Mid Cap | Earnings Update 2QFY18 Background: Vinati Organics Limited (VOL) was established in 1989 to manufacture specialty organic chemicals. It has since grown to become the world's largest manufacturer of IBB and second largest manufacturer of ATBS. The company's products are exported to customers in countries across Europe, America and Asia. Competitive edge in niche specialty chemicals Cost leadership & scale economies in IBB and technological entry barrier in ATBS. The company started with a small capacity of 1,000 TPA and gradually expanded to 26,000 TPA today for its ATBS production, capturing 45% of the market share. The company also command more than...

m) in the last quarter mainly due to higher price realization owing to spurt in raw material prices. However, IBB (isobutyl benzene) was low on volumes due to extended debottlenecking shutdown undertaken at one of its customer's end and delayed off take of one of its...

Vinati Organics Ltd (VOL) reported net sales of INR 184 crs during the quarter largely inline with our estimate of INR 186 crs. Most of the sales increase was driven by pass through of higher...

Background: Vinati Organics Limited (VOL) was established in 1989 to manufacture specialty organic chemicals. It has since grown to become the world's largest manufacturer of IBB and second largest manufacturer of ATBS. The company's products are exported to customers in countries across Europe, America and Asia. Competitive edge in niche specialty chemicals Cost leadership & scale economies in IBB and technological entry barrier in ATBS. The company started with a small capacity of 1,000 TPA and gradually expanded to 26,000 TPA today for its ATBS production, capturing 45% of the market share. The company also command more...

Vinati Organics Ltd (VOL) reported net sales of INR 195 crs during the quarter above with our estimate of INR 177 crs. Higher raw material prices resulted in a y-o-y dip of 340 bps in gross...