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Chemplast Sanmar Ltd share Price Today

Company details

486.50
496.00
413.45
543.25
6M Return 12.45%
1Y Return 7.90%
Mkt Cap.(Cr) 7,760.04
Volume 13,921
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 13,921

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Specialty Chemicals company Chemplast Sanmar announced Q3FY24 & 9MFY24 results:

Financial Highlights:
- Revenue from Operations (Q3FY24): Rs 888 crore, a decrease of 25% from Rs 1,189 crore in Q3FY23.
- EBITDA (Q3FY24): (Rs 7 crore), non-meaningful comparison (nm) with Rs 78 crore in Q3FY23.
- EBITDA Margin (Q3FY24): -1%, significant decline from 7% in Q3FY23.
- PAT (Profit After Tax) (Q3FY24): (Rs 89 crore), PAT Margin at -10%, a significant downturn from Rs 27 crore, 2% in Q3FY23.
- Revenue from Operations (9MFY24): Rs 2,872 crore, down by 24% from Rs 3,794 crore in 9MFY23.
- EBITDA (9MFY24): Rs 5 crore, declined by 99% from Rs 371 crore in 9MFY23.
- PAT (9MFY24): (Rs 127 crore), PAT Margin at -4%, decreased from Rs 106 crore, 3% in 9MFY23.

Key Business Highlights:
- Suspension PVC and Paste PVC prices decreased by 8% and 6% respectively on a quarter-over-quarter basis.
- Caustic Soda and Chloromethanes prices remained flat compared to the previous quarter.
- EDC (Ethylene Dichloride) prices saw an increase of 12.5% from Q2FY24 to Q3FY24.
- Power costs rose marginally by around Rs 4 crore from the previous quarter.
- Phase 1 expansion of the Custom Manufactured Chemicals division began commercial despatches.

Projects Update:
- Paste PVC expansion project is expected to be commissioned in Q4FY24.
- Phase 2 of the Custom Manufactured Chemicals expansion is projected to be completed in Q1FY25.

Ramkumar Shankar, Managing Director, stated: "After a relatively better Q2FY24, Q3FY24 performance ran into heavy weather due to further correction in PVC prices on account of dumping from China and other countries, slow down in the Other Chemicals business due to the over-supply situation in India, increase in key feedstock prices and adverse impact of the lag effect in correction of VCM prices.

However, the boom in the infrastructure and real estate sectors is driving the strong demand for PVC. We expect a gradual recovery in prices and margins over the next 2-3 quarters. The Other Chemicals business is also expected to witness improvement in prices in the next 3-4 quarters once the excess supply is absorbed by the market.

In our Custom Manufactured Chemicals Division's business, the pipeline is healthy. We commercialised 3 new products this year and a number of products are under various stages of development. Despite the challenges on account of the downturn in the global agrochemicals industry and the consequent inventory rationalisation, we expect this business to deliver reasonable growth during the year. While commercial production from Phase 1 of the expansion project has commenced, Phase 2 is expected to be completed in Q1FY25.

The 41 ktpa Paste PVC project is expected to start commercial production in Q4FY24. This will further cement our position as the leading Paste PVC producer in India. Despite the recent uncertainty in the industry, we are confident of the long term potential of all our businesses and are strengthening our capabilities and relationships to grow in a sustainable manner." 

 

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Chemplast Sanmar Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge

Weakness (9)

  • Companies with High Debt
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (2)

  • Red Flag: Large Swings Between Profit and Loss
  • Companies with growing costs YoY for long term projects

Resistance and support

R1 496.6
R2 501.1
R3 506.1
Pivot

491.57

S1 487.1
S2 482.1
S3 477.6
EMA SMA
478.1
473.7
471.5
467.9
481.2
466.4
474.4
473.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SBI MUTUAL FUND Bulk Purchase 2023-11-20 428.3 7000000 NSE
SBI MUTUAL FUND Bulk Sell 2023-11-20 428.3 7000000 NSE
THE VANGUARD GROUP INC A/C VANGUARD EMERG. MKTS STOCK INDEXFD A SERIES OF V I E I F Bulk Purchase 2022-03-17 591.23 1661293 NSE
Name Category Shares
SANMAR HOLDINGS LIMITED PROMOTER 54.99%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Profit after Tax
PE
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Chemplast Sanmar Ltd Stocks COMPARISON

Financials( in Cr) Chemplast Sanmar Ltd Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 490.80 2,986.95 9,377.45 2,280.35 3,239.25
% Change 3.01 -0.02 6.86 -0.34 0.84
Mcap Cr 7,760.04 151,918.97 79,974.64 67,595.27 35,583.16
Revenue TTM Cr 4,941.08 11,799.10 3,135.52 14,870.25 5,684.66
Net Profit TTM Cr 152.35 1,288.87 538.06 2,162.34 1,323.05
PE TTM 0.00 86.00 188.78 50.57 81.77
1 Year Return 7.90 17.03 137.03 -6.10 -2.37
ROCE 32.63 24.24 16.29 21.98 29.38
ROE 104.09 18.93 14.70 22.89 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,824.14 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 103,643.75 -39,912.42
LAST 6M 170,661.45 50,171.66
LAST 12M 264,707.07 127,969.33
NSE Board Meetings Forthcomming

May 20, 2024 l NSE Board Meetings Forthcomming

Board Meeting for Today

May 20, 2024 l Board Meetings for Today

Chemplast Sanmar signs LoI for manufacture of new pipeline of Active Ingredient

May 17, 2024 l BSE Announcement

Date Action Type Ratio
No data found

Chemplast Sanmar Ltd Information

Stock PE (TTM)
0
Promoter Holding
54.99%
Book Value
16.7691
ROCE
32.63%
ROE
104.09%
Description
  • Chemplast Sanmar Ltd (formerly known as Chemicals & Plastics India (CPIL)), incorporated in 1985 was promoted as Urethanes India by Chemplast, the flagship of the Sanmar Group, Tamil Nadu. It became a fully-owned subsidiary of Chemplast in 1991 when the name was changed to the present one. The Company is a leading speciality chemicals manufacturer with focus on speciality paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. It is the largest manufacturer of speciality paste PVC resin In addition, it is the third largest manufacturer of caustic soda and largest manufacturer of hydrogen peroxide in South India and one of the oldest manufacturers of Chloromethanes in India. The company set up a 2500 TPA Thermoplastic Polyurethane Plant in Tamil Nadu in technical collaboration with BF Goodrich Company, US. It manufactures caustic soda, chlorine, chlorinated solvents, PVC, refrigerant gases and industrial alcohol. In 1991-92, the capacity of PVC was enhanced to 48,000 TPA, making it the third largest manufacturer of PVC resin in the country. The company formed Peroxides India in collaboration with Atochem, US, for a wide variety of polymerisation initiators; and Drechem Speciality Chemicals, in technical collaboration with Dragoco, Germany, to manufacture aromatic chemicals. The PVC capacity is being enhanced from 48,000 TPA to 60,000 TPA and that of chloromethanes is being enhanced to 25,000 TPA. In 1995-96, Metkem Silicon, a subsidiary of the company manufacturing poly and mono crystalline silicon was merged with the holding company. During the same period, the thermoplastics polyuerthane division of the company was spun-off into a joint venture with Bayer, Germany. It also has entered into a joint venture with Cabot Corporation, US, for the manufacture of fumed silica as a springboard. The company is in advanced stage of discussing raw material tie-ups for its proposed shore-based PVC project. As a measure of conservation of power, the company is replacing shell and tube acid cooler and condensers with plate heat exchangers in the Chlor-alkali process. The company has taken on hand a backward integration captive project for setting up an oxychlorination with the capital outlay of over Rs 60 crores. This will help the company to improve captive feedstock (EDC) capacity, leading to lower dependence on imported feedstock. During 2000-01, the company brought on stream an oxychlorination plant which would increase captive production of EDC and reduce dependence on imports and also significantly reduce the environmental impact of its operations. Subject to necessary approvals the company planned to amalgamate Sanmar Properties & Investments Ltd(SPIL) excluding its Investment and Shipping business w.e.f. Nov 2, 2003. SPIL`s Investment and Shipping division would be demerged to Sanmar Holdings Ltd effective from Nov 1, 2003. SPIL Sharehodlers get one Equity Share of Chemplast Sanmar for every share in SPIL. During the year 2018-19, the Suspension PVC Business of the Company was demerged as a going concern and vested with Chemplast Cuddalore Vinyls Limited, and the Company`s holding company Sanmar Speciality Chemicals Limited was merged with the Company effective from 1 April, 2018. Consequent to the Scheme of Arrangement, Sanmar Holdings Limited. became the Company`s holding Company. A new 41 ktpa Chloromethanes Plant at Dahej was commissioned during the year 2019-20. During year 2022-23, wholly owned subsidiary of the Company, Chemplast Cuddalore Vinyls Limited (CCVL), completed its debottlenecking project, adding 10% to its production capacity.

Registered Address

9 Cathedral Road, , Chennai, Tamil Nadu, 600086

Tel : +91-44-28128500
Email : grd:sanmargroup.com
Website : http://www.chemplastsanmar.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543336
NSE Code : CHEMPLASTS
Book Closure Date (Month) :
BSE Group : A
ISIN : INE488A01050

FAQ’s on Chemplast Sanmar Ltd Shares

You can buy Chemplast Sanmar Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Chemplast Sanmar Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:59 PM the closing price of Chemplast Sanmar Ltd was Rs.490.80.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:59 PM, the market cap of Chemplast Sanmar Ltd stood at Rs. 7,760.04.

The latest PE ratio of Chemplast Sanmar Ltd as of May 17, 2024 03:59 PM is 0.00

The latest PB ratio of Chemplast Sanmar Ltd as of May 17, 2024 03:59 PM is 0.03

The 52-week high of Chemplast Sanmar Ltd share price is Rs. 543.25 while the 52-week low is Rs. 413.45

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