Deepak Nitrite - Focus On Advance, High-Value Products Intensifies: Motilal Oswal
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.
Motilal Oswal Report
Deepak Nitrite Ltd. is an intermediate chemical company, with a diversified business of basic chemicals, fine and specialty chemicals, and performance products.
To substitute imports, Deepak Nitrite started commercial production of phenol, acetone, and isopropyl alcohol in CY18 through Deepak Phenolics Ltd.
It has established itself as the most reliable player, with a domestic market share of ~65% in the first year itself.
Huge opportunities lie ahead for Deepak Phenolics as phenol plants in the U.S. are facing challenges.
China has also started importing phenols. Imports into India are seeing strong growth due to lack of supply and higher freight rates (expect domestic demand compound annual growth rate of 10-12%).
Click on the attachment to read the full report:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.