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Galaxy Surfactants Ltd

Company details

2,320.10
2,363.45
2,302.00
3,445.00
6M Return -24.82%
1Y Return -25.95%
Mkt Cap.(Cr) 8,303.92
Volume 1,837
Div Yield 0.77%
OI
-
OI Chg %
-
Volume 1,837

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Galaxy Surfactants Ltd.

Q1FY23 Quarterly Result Announced for Galaxy Surfactants Ltd.

Specialty Chemicals firm Galaxy Surfactants announced Q1FY23 Result :

  • Total volumes stood at 55,272 MT for Q1FY23, down 7.7% YoY basis and 3.9% on QoQ basis
  • Total Revenue (including other income) stood at Rs. 1,156.9 Cr, a YoY growth of 39.2% and QoQ growth of 9.7% on account of improved sales mix and realizations
  • EBITDA stood at Rs. 146 Cr, YoY growth of 29.2% while being flat on QoQ basis
  • Achieved highest ever quarterly PAT of Rs. 100.4 Cr, YoY growth of 30.7% and QoQ growth of 2.0%

Commenting on the performance Mr. U. Shekhar, Managing Director, Galaxy Surfactants Limited said, “Coming to Q-1 FY 23, this has been a strong quarter for us. While materialization of demand side risks did impact our volumes adversely, a healthy mix and leveraging on emerging opportunities ensured the highest profitability in this quarter. As stated previously, FY 23 will be all about managing supply as well as demand side risks. While supply side factors did improve in this quarter, they are yet to revert to the Pre-pandemic levels. The inflationary scenario globally combined with the deterioration of macro factors of a few countries severely impacted the mass categories which in turn impacted our performance surfactant volumes adversely. The energy crisis in Europe and the impending slowdown remain a cause of worry and risk for our specialty care products going ahead.

While the input feedstock prices have sharply corrected in this quarter, a reversal of demand cutbacks is yet to be seen. While Q-1 FY 23 has been a good start, going ahead, a conducive environment will be helpful to ensure the momentum continues. At Galaxy, we remain committed to enabling and ensuring the same. In FY 2016, Galaxy’s full-year Profit stood at 101 Crores. It gives me immense pleasure to share with you all that despite numerous challenges we have witnessed in the last 6 years, Galaxy’s march has consistently continued; capitalizing on the emerging opportunities thus enabling it to log in a Quarterly Profit of 100 Crores in this Quarter. While growth is never linear, structural factors enabling this continue to remain robust thus ensuring a healthy outlook for your company in the years to come.”

 

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,574.35 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,728.09 -29,609.20
LAST 3M 42,048.80 -31,382.80
LAST 6M 65,127.04 16,114.05
LAST 12M 194,271.06 -118,498.61

Galaxy Surfactants Limited - Loss of Share Certificates

Feb 08, 2023 l NSE Announcement

Galaxy Surfactants to table results

Feb 06, 2023 l BSE Announcement

Galaxy Surfactants Limited - Record Date

Feb 06, 2023 l NSE Announcement

Date Action Type Ratio
Jul 21, 2022 Dividend 180
Aug 31, 2021 Dividend 40
Feb 15, 2021 Dividend 140

INFORMATION

Stock PE (TTM)

25.21

Promoter Holding

70.93%

Book Value

492.8803

ROCE

18.99%

ROE

18.28%

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.

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    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.

No Data Found

AGM Date (Month) : Sep
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

ICICIdirect Galaxy Surfactants Ltd FAQ

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 Feb 08, 2023 04:01 PM the closing price of Galaxy Surfactants Ltd was ₹ 2,342.10.
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 Feb 08, 2023 04:01 PM, the market cap of Galaxy Surfactants Ltd stood at ₹ 8,303.92.
The latest PE ratio of Galaxy Surfactants Ltd as of Feb 08, 2023 04:01 PM is 25.21
The latest PB ratio of Galaxy Surfactants Ltd as of Feb 08, 2023 04:01 PM is 0.21
The 52-week high of Galaxy Surfactants Ltd is ₹ 3,445.00 while the 52-week low is ₹ 2,302.00

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