BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
In the last two-three years, Indian chemicals companies have been re-rated two-three times on strong earnings growth given better pricing, stable crude oil prices and benefits from the China plus one policy.
Long term outlook is positive on the sector as the fundamentals remains strong. Companies are guiding to huge capex. For supplies, international manufacturers are preferring India to China considering the latter’s research and development abilities, compliance with environment norms and better products. These are the prime factors for the bright outlook.
Companies are entering new product lines focusing on import substitution. Hence, despite near-term headwinds, we are structurally bullish on the long-term growth of Indian chemicals companies.
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