37.15
38.85
25.21
81.80
7.00
81.80
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Current Price
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Stock PE (TTM)
Promoter Holding
Book Value
ROCE
ROE
Laffans Petrochemicals Limited was incorporated on November 27, 1992. Initially, the Company was engaged in manufacturing of petrochemicals products. The Company set up in 1994 to manufacture ethylene oxide derivatives such as Ethoxylates, Glycol Ethers, Acetates, Triethonal-amine, and Brake fluids is located in Ankleshwar, Gujarat. A recent entrant in the petrochemical industry, Laffans Petrochemicals manufactures petrochemical derivatives for supply to the paint and automobile industries. Its product range includes speciality chemicals like surfactants (based on fatty alcohol), solvents (like glycol ethers), amines (like ethanol amines), polyethylene glycols, etc. To manufacture these petro products, which are termed ethylene oxide derivatives, a plant has been set up with technical assistance from Reliance Industries. It has a locational advantage since the site at Panoli, Ankleshwar, is about 60 km from Reliance and 70 km from IPCL. Both these supply it with ethylene oxide, its basic raw material. In Oct.`93, it commenced commercial production and started supplying glycol ether and ethoxylate. The glycol ether capacity is being expanded to 10,000 tpa. The company came out with a public issue in Mar.`94 for the purpose. It was set up with a total investment of Rs 10 cr. It is the only supplier of butyl carbitol and acetates which were being imported by all the paint companies in India. Major customers of the company include Goodlass Nerolac, Jenson & Nicholson, Berger Paints, Asian Paints, Castrol, Kalyani Brakes, Pidilite Industries, etc. Its products are sold under the Laffcols brand. They find application in the adhesives, ceramics, cosmetics, leather processing, pharmaceutical, textiles, inks, paints, lubricants and paper industries. Laffans Petro recently tied up with Altachem, Belgium, to manufacture building chemicals. This collaboration involves technology transfer and investments by the foreign partner. They have agreed to take an equity stake in Laffans Petro. The company has tied up with Akzo Nobel, Sweden, to manufacture petrochemical products in India to meet part of their global requirements. This collaboration, too, involves technology transfer and investments by the Akzo group. In 1995-96, company came out with an expansion plan to expand its Glycol Ether capacity to 10000 MTPA with an investment outlay of Rs. 800 lacs to be funded with institutional loan components of Rs. 600 lacs and internal generation of Rs. 200 lacs without any addition to Equity. The Company entered into collaboration with global leader Huntsman chemicals in 2009 for manufacturing of ethylene oxide derivatives under Huntsman brand and technology. Laffans was the single largest buyer of Ethylene Oxide in India. In year 2011, the Company`s manufacturing unit was acquired by Huntsman Corporation, which engaged in the business of trading in chemicals and API and in commodities arbitrage.
Laffans Petrochemicals share price as on 26 Apr 2025 is Rs. 37.15. Over the past 6 months, the Laffans Petrochemicals share price has decreased by 18.67% and in the last one year, it has decreased by 24.81%. The 52-week low for Laffans Petrochemicals share price was Rs. 25.21 and 52-week high was Rs. 81.8.
524522
INE919B01011
Jul
You can buy Laffans Petrochemicals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Laffans Petrochemicals Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Apr 25, 2025 04:01 PM the closing price of Laffans Petrochemicals Ltd was Rs.37.15.
The latest PE ratio of Laffans Petrochemicals Ltd as of Apr 25, 2025 04:01 PM is 15.41
The latest PB ratio of Laffans Petrochemicals Ltd as of Apr 25, 2025 04:01 PM is 2.30
The 52-week high of Laffans Petrochemicals Ltd share price is Rs. 81.80 while the 52-week low is Rs. 25.21
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 25, 2025 04:01 PM, the market cap of Laffans Petrochemicals Ltd stood at Rs. 29.72 Cr.
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