Anupam Rasayan - R&D At Core To Propel Growth: KRChoksey Initiates Coverage

Anupam Rasayan - R&D At Core To Propel Growth: KRChoksey Initiates Coverage

<div class="paragraphs"><p>A lab technician testing a chemical solution. (Source: freepik)</p></div>
A lab technician testing a chemical solution. (Source: freepik)

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KRChoksey Research Report

The journey of Anupam Rasayan India Ltd. has evolved from conventional business towards innovation in custom synthesis and manufacturing of various molecules which are being applied in various industries such as agriculture, pharmaceutical, personal care, specialty dyes, pigments and polymers.

Generally, it deals with the long term contracts with large customers or multi national companies. It is the primary or sole supplier of majority of its products under these contracts which provides a stable revenue growth.

We are positive on the Anupam Rasayan’s business outlook owing to consistent innovation, cost optimisation and benefits of backward integration on account of completion of ‘Tanfac Industries Ltd.’ acquisition.

The capex plan of Rs 8,000 million over the last four years has successfully commercialised unit five and six at Sachin. Both the plants are expected to generate revenue worth Rs 7,500 million in FY23E.

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KRChoksey Anupam Rasayan India Initiating Coverage.pdf


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