Shuchi Nahar's Weekend Blog!

Neogen Chemicals - Q1FY23 Result Overview Neogen Chemicals Limited (Neogen) reported robust financial performance during the quarter ended 30th June, 2022. The Company delivered revenues of Rs. 147.9 crore in Q1 FY23, depicting a growth of 75%. The strong topline performance was driven by incremental benefits accruing from the expanded capacity. This was supported by continued positive demand across key products. Profit after tax (PAT) stood at Rs. 11.1 crore during the quarter as compared to Rs. 7.4 crore in Q1 FY22. Strong double-digit growth in PAT was aided by good operating performance. During the period under review, the Company witnessed significant increase in the prices of Lithium raw materials which Company was able to pass on to the customers, resultantly protecting the absolute EBITDA. The EBITDA percentage margin decline is optical as it considers higher revenues and higher RM costs with preserved absolute earnings. Neogen Chemical Investor Presentation Developments  A...

Chambal Fertilizers - Company overview &  Urea industry synopsis in India Twitter Handle: @shuchi_nahar Company Overview   Incorporated in 1985 and based in Kota, Rajasthan, Chambal has the largest installed urea capacity of 3.00 million tonnes in the private sector in India. Chambal is the largest private player in the urea industry in India in terms of production capacity. Its share in the total domestic urea production has increased to 13.4%, driven by the ramp-up of its Gadepan-III plant. The company has maintained its share in the non-urea fertilizers segment. The company has sold 0.93 million tonnes of DAP/muriate of potash/nitrogen phosphorus potassium during the first 9 months of fiscal 2022, down from 1.60 million tonnes in the corresponding period of the previous fiscal because of the global shortage of the fertilizers amidst the Russia-Ukraine war. Its significant market share in north India is supported by its strong Uttam Vir brand and robust distribution ne...

A Agrochemicals - The rising trend for the chemical sector Twitter Handle: @shuchi_nahar The Indian economy has transformed substantially, from being a ship-to-mouth economy since its independence to become one of the largest economies in the world. Agriculture continues to be a dominant element in the Indian economy. Along with major economic reforms, Government programs, such as the Green Revolution have played a critical role in transforming the country’s agriculture sector and paved the way towards economic growth of the country. Agrochemicals specifically have played an important role in preventing crop losses to pests and improving overall productivity. Proper and scientific usage of agrochemicals may lead to approximately 20–30% improvement in productivity. Currently, the usage of agrochemicals in the Indian agriculture sector is amongst the lowest in the world. India is one of the leading producers in the world. Be it food grains, horticulture crops, oilseed production...

Indian speciality chemical companies are all set with huge CAPEX to cater to the demand Twitter Handle: @shuchi_nahar The Indian chemical industry is one of the fastest-growing industries in the world. Currently, it ranks 3rd in Asia and is the 6th largest market in the world with respect to output, after the US, China, Germany, Japan and South Korea. The industry's growth is mainly driven by consumption growth and export opportunity. Demand for speciality chemicals is owing to their performance-enhancing applications instead of composition. Businesses operating in this sector require deep knowledge and the ability to bring about consistent innovations. The speciality chemicals industry is a mature sector with proven benefits accruing to a wide range of end-use customers. It comprises about 17% of the global chemicals market and is expected to grow at an average of 5.3% between 2019 and 2024, picking up the pace on the back of emerging usage applications in a variety of industria...

Rapid Increase in Ethanol Production Capacity Twitter Handle: @shuchi_nahar Two Different types of processes  to produce Ethanol To produce 684 crore liters of ethanol by the sugar industry by 2025-26, sugarcane equivalent to 60 LMT of surplus sugar would be diverted to ethanol. In the current sugar season, 2020-21 more than 20 LMT of sugar is estimated to be diverted. To produce 666 crore liters of ethanol/ alcohol from food grains by 2025-26, about 165 LMT of food grains would be utilized. At present damaged food grain availability is around 40 lakh tons in the country. In 2020-21 approximately 20 lakh ton maize is surplus FCI Rice is also sufficient in stock (266 LMT) and it will continue to remain robust as procurement of paddy/rice at MSP continues at expected levels. The country is producing sufficient food grains and sugar to meet the requirement for ethanol. Molasses-based distilleries have also been offered interest subvention to convert them to dual feed, to convert b...

Tata Chemicals -  https://myweekendspot.blogspot.com/2021/02/tata-chemicals-huge-opportunities-ahead.html Twitter Handle: @shuchi_nahar Recent updates about the company The chemical industry can play part in these sustainability solutions – reducing carbon emissions, turning waste into useful products, i.e. circular economy. Tata Chemicals can also play into chemicals going into health and hygiene – it already plays some bit through detergents and other applications of sodium bicarbonate. Grow volumes & maximize realizations in soda ash (price increased in Q2 FY22). Timely execution of capacity expansion: Salt 165k MT by end of FY22. Soda ash demand drivers Demand is likely to remain strong thanks to growing new applications in sustainability solutions. Soda ash demand is likely to pick up from the use of glass panels (flat glass) into solar cells, lithium carbonate (every ton needs one ton of soda ash), and the move to container glasses from plastics. This is likely to d...

Construction chemicals Industry - Unseen opportunities ahead Twitter Handle: @shuchi_nahar Introduction The global construction industry makes up about 12% of the world's GDP and construction is one of the main drivers of growth in almost every economy. The Global Construction & Building Materials Market size was estimated at USD 916.31 billion in 2019 and is expected to reach USD 946.26 billion in 2020, at a CAGR of 5.76% reaching USD 1,282.56 billion by 2025.  A variety of chemicals and advanced materials (CAMs)— ranging from concrete admixtures to polymer composites— are increasingly being used in the buildings and construction industry. Construction CAMs include concrete admixtures, adhesives and sealants, protective coatings, insulation materials, and polymer composites. As with other areas of the specialty chemicals sector, the construction chemicals industry is directly affected by increased globalization, consolidation, and significant consumption growth in rapidly de...