Speciality-chemicals maker Chemplast Sanmar Ltd. is aiming at a threefold increase in revenue from custom-manufactured business to ₹1,000 crore over the next three to four years, post the completion of two-phase expansion programme at Berigai, MD Ramkumar Shankar said.

Speciality-chemicals maker Chemplast aims at ₹1,000-crore turnover from custom-manufactured business

Sanjiv Bhasin of IIFL Securities, recommends investing in two specialty chemical companies, Chemplast Sanmar and Jubilant Ingrevia, for a potential 40-50% upside in the next year. Bhasin also praises the Adani Group and believes the long-term story remains robust. He suggests investing in cement com…

Sanjiv Bhasin Portfolio | Chemical Stocks: 2 specialty chemical stocks to go for if you seek 40-50% upside in next one year: Sanjiv Bhasin

YES Securities is bullish on Chemplast Sanmar has recommended buy rating on the stock with a target price of Rs 535 in its research report dated May 18, 2023.

Buy Chemplast Sanmar; target of Rs 535: YES Securities

Revenue from operations declined 34% to ₹428 crore

Chemplast Sanmar Q4 net tumbles 94% to ₹8 cr.

Custom Manufacturing business is a silver lining with a strong increase in revenue

Chinese imports & cost increases pull down Chemplast Sanmar’s profits

Chemplast Sanmar Q4 results: For the full year, revenues were lower by 16% as compared to the last year - however, sales volumes of almost all the products were higher on a Y-o-Y basis

Chemplast Sanmar Q4 results: Net profit declines 80% to Rs 46 crore

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Stocks to watch on May 16, 2023

Chemplast Sanmar signs a deal with global firm to supply an advanced intermediate

Chemplast Sanmar signs deal with a global firm to supply an advanced intermediate

Company estimates commercial supplies will start from the fourth quarter of 2023-24

Chemplast Sanmar unit signs deal to manufacture advanced intermediate

Chemplast Sanmar has a 1,068-tonnes-per-annum installed capacity at Berigai near Hosur. The phase-1 is slated to be completed by Q2 of FY24.

Chemplast Sanmar lines up ₹680 cr. capex for expansion of custom manufacturing facility

Phase-1 of project slated to be completed by Q2 of FY24

Chemplast Sanmar to spend Rs 680 cr on expanding CMC works at Hosur

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Chemplast Sanmar Limited is engaged in the business of manufacturing of polyvinyl chloride (PVC) resins, caustic soda, chlorochemicals, refrigerant gas and industrial salt.