Chemplast Sanmar Q4 Review - Volume Growth To Pause In FY23: ICICI Securities

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..ICICI Securities Report.Chemplast Sanmar Ltd.’s Q4 FY22 spreads were impacted by high-cost inventory carried over from Q3 FY22 and sold in its entirety in Q4 FY22. This kept Ebitda flattish QoQ. Chemplast Sanmar has sold most capacity in FY22, and in FY23 it has only 10% more capacity coming in suspension-polyvinyl chloride segment. Large expansion in paste-PVC and custom manufacturing will commence only in FY24. Company plans to do more capex with good scope for large free cash flow generation and has not announced dividend in FY22 pending assessment of fund requirement. We expect big capacity announcement in SPVC where the company already has environmental clearance to double its capacity to 600 kilo tonnes per annum. This will provide the much-required visibility on volume growth while more capex in custom manufacturing will be welcome..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Chemplast Sanmar Q4 Review - Volume Growth To Pause In FY23: ICICI Securities

Chemplast Sanmar Q4 Review - Volume Growth To Pause In FY23: ICICI Securities

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