Tatva Chintan, Clean Science - ‘Smart, Green’ Chemistry: ICICI Securities Initiates Coverage

Tatva Chintan, Clean Science - ‘Smart, Green’ Chemistry: ICICI Securities Initiates Coverage

An employee prepares a solution in a flask during a test. (Photographer: Brent Lewin/Bloomberg)

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Tatva Chintan Pharma Chem Ltd. and Clean Science and Technology Ltd. operates in niche categories with significant exposure to smart and green chemistries.

They have demonstrated sustainable as well as scalable business models with dominance in multiple products across the globe. Both started as single-product companies and expanded their offerings not only in adjacent categories (through forward and backward integration), but have also successfully added new chemistries.

Each has a very small base and is in the process of implementing large capex, which provides visibility on multi-year growth potential.

They are achieving growth rates with return on capital employed significantly above the industry average. Besides, opportunities are rising for Tatva Chintan and Clean Science given the green initiatives enforced through regulation, or large companies changing their business models with emphasis on sustainability.

Click on the attachment to read the full report:

ICICI Securities Specialty Chemicals Initiating Coverage.pdf
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This report is authored by an external party. BloombergQuint 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 BloombergQuint.

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