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Galaxy Surfactants Ltd share Price Today

Company details

2,570.10
2,633.45
2,247.00
2,978.95
6M Return -3.32%
1Y Return 4.76%
Mkt Cap.(Cr) 9,166.89
Volume 10,325
Div Yield 0.85%
OI
-
OI Chg %
-
Volume 10,325

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Specialty Chemicals company Galaxy Surfactants announced Q2FY24 & H1FY24 results:

Financial Performance:

  • Total Revenue: Galaxy Surfactants reported a total revenue of Rs 1,930.1 crore for H1FY24.
  • EBITDA: The company achieved an EBITDA of Rs 253.2 crore.
  • PAT: The Profit After Tax (PAT) stood at Rs 152.6 crore.

Operational Performance:

  • Volume Growth: The company saw volume growth across all regions and segments in Q2FY24.
  • India: There was a strong positive performance with an upward trend in volume growth.
  • AMET (Africa Middle East and Turkey): There was a recovery in performance-surfactant volumes.
  • ROW (Rest of the World): There was a low single-digit sequential improvement in Q2FY24.

Sales Volume:

  • Performance Surfactants: Maintained strong double-digit growth in H1FY24 and Q2FY24.
  • Specialty Care: Masstige segments returned to growth with high single-digit volume growth YoY and double-digit growth in Q2FY24.

Commenting on the performance U. Shekhar, Managing Director, Galaxy Surfactants said, “This has been a Good Quarter for us. Volume growth registered across all regions and segments in Q2FY24 is a strong positive. While the Profitability has declined marginally, across-the-board volume growth implies demand revival. India continues to remain a big positive for us. Easing inflation and macro issues in Africa Middle East, and Turkey have enabled strong performance-surfactant volume recovery. Barring any adverse spillover effects of the War, we do see this trend continuing.

While Masstige specialties have done very well in India, AMET, and ROW, premium specialties continue to lag due to the inventory destocking situation in North America and recessionary conditions in Europe. But given the low single-digit sequential improvement seen in Q2FY24, we do expect a better 2024 for our premium specialties.

Going ahead, barring any adverse supply-led shocks, volume growth should remain in the upper band of 6- 8%. Easing inflation and improvement in demand for premium specialties will gradually ensure improvement in EBITDA/MT from FY 2024-25.”

View Other Company Results

Galaxy Surfactants Ltd shares SWOT Analysis

Strengths (4)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (3)

  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,622.6
R2 2,659.7
R3 2,686.0
Pivot

2,596.35

S1 2,559.3
S2 2,533.0
S3 2,495.9
EMA SMA
2,525.2
2,519.0
2,569.3
2,613.5
2,484.4
2,478.2
2,614.1
2,649.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
N.K. SECURITIES Bulk Purchase 2018-02-08 1632.34 322366 NSE
SBI MUTUAL FUND Bulk Purchase 2018-02-08 1704.5 253000 NSE
PURITY TRADEMAX LLP Bulk Purchase 2018-02-08 1631.22 228423 NSE
Name Category Shares
Unnathan Shekhar PROMOTER 11.92%
Shashikant Rayappa Shanbhag PROMOTER 11.56%
Ramakrishnan Gopalkrishnan PROMOTER 6.66%
Yash Sudhir Patil PROMOTER 5.79%
Jayashree Ramakrishnan PROMOTER 5.2%
Galaxy Chemicals, Partner Gopalkrishnan Ramakrishnan PROMOTER 5.47%
Galaxy Chemicals, Partner Sandhya Sudhir Patil PROMOTER 5.47%
Galaxy Chemicals, Partner Shashikant Rayappa Shanbhag PROMOTER 5.47%
Galaxy Chemicals, Partner Shekhar Unnathan PROMOTER 5.47%
Galaxy Emulsifiers Pvt Ltd PROMOTER 1.53%
Siddharth Sudhir Patil PROMOTER 5.79%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Galaxy Surfactants Ltd Stocks COMPARISON

Financials( in Cr) Galaxy Surfactants Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 2,585.50 2,914.40 2,617.40 7,630.50 3,720.10
% Change -0.70 0.56 2.04 4.80 0.27
Mcap Cr 9,166.89 148,229.01 77,586.28 65,075.96 40,865.30
Revenue TTM Cr 4,445.24 11,799.10 14,870.25 3,135.52 5,684.66
Net Profit TTM Cr 380.98 1,288.87 2,162.34 538.06 1,323.05
PE TTM 29.13 86.63 52.56 152.06 61.38
1 Year Return 4.76 20.37 4.70 95.77 10.76
ROCE 23.44 24.24 21.98 16.29 29.38
ROE 22.04 18.93 22.89 14.70 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,882.55 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -6,228.06
LAST 3M 77,954.71 28,409.22
LAST 6M 138,694.84 74,737.91
LAST 12M 215,251.82 194,497.84

Galaxy Surfactants Ltd Information

Stock PE (TTM)
29.13
Promoter Holding
70.91%
Book Value
572.3985
ROCE
23.44%
ROE
22.04%
Description
  • Galaxy Surfactants Limited is an India-based chemical manufacturing company. The company primarily manufactures and markets surfactants and speciality chemicals for personal use and home care. It manufactures products in various segments, including skincare, haircare, oral care, baby care, and home care. The company was incorporated as Galaxy Surfactants Private Limited on 20 May 1986 under the Companies Act 1986. The headquarters of the company is in New Mumbai, Maharashtra, and its market capitalisation, as of 31 May 2022, stood at Rs 10,313 crore.

    The company got listed on the stock exchanges on 8 February 2018. It is listed on the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE) under the codes GALAXYSURF and 540935, respectively.

    At present, the company operates in Egypt and the United States of America (USA), apart from India. The company’s product portfolio includes fatty alcohol sulfate, ether sulfate, fatty alcohol ethoxylate, surfactant blends, sunscreens, preservatives, and functional actives. It acquired Tri-K, a USA-based brand. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 1,158.88 crore with a net profit of Rs 100.37 crore.

    As per the shareholding pattern of the company in June 2022, a 70.93% stake in the company was held by promoters, a 14.04% was held by retail investors, a 12.96% stake was invested in mutual funds, a 2.01% stake was held by foreign institutional investors, and the remaining 0.06% was held by other domestic institutions. The top mutual funds in which the company has invested include the Axis Small Cap Direct Growth Fund, Kotak Small Cap Direct Growth Fund, Canara Robeco Small Cap Direct Growth Fund, and Axis Flexi Cap Direct Growth Fund.

    On 31 October 2022, Galaxy Surfactants Limited’s share price was Rs 2,840.15 per share at the NSE and Rs 2,860.95 per share at the BSE. The 52-week high and 52-week low prices of this share at the NSE were Rs 3,447.55 and Rs 2,585.00, respectively. Galaxy Surfactants Limited shares have given a one-year return of -7.57%. The top peers of the company include Britannia Industries, Nestle India, Hindustan Unilever, and Dabur India, among others.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

C-49/2 TTC Industrial Area, Pawne, Navi Mumbai, Maharashtra, 400703

Tel : 91-22-65134444/27616666
Email : investorservices:galaxysurfactants.com
Website : http://www.galaxysurfactants.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540935
NSE Code : GALAXYSURF
Book Closure Date (Month) :
BSE Group : A
ISIN : INE600K01018

FAQ’s on Galaxy Surfactants Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Apr 23, 2024 04:02 PM the closing price of Galaxy Surfactants Ltd was ₹ 2,585.50.

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 Apr 23, 2024 04:02 PM, the market cap of Galaxy Surfactants Ltd stood at ₹ 9,166.89.

The latest PE ratio of Galaxy Surfactants Ltd as of Apr 23, 2024 04:02 PM is 29.13

The latest PB ratio of Galaxy Surfactants Ltd as of Apr 23, 2024 04:02 PM is 0.22

The 52-week high of Galaxy Surfactants Ltd share price is ₹ 2,978.95 while the 52-week low is ₹ 2,247.00

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