Sumitomo Chemicals India: An Emerging MNC Proxy In Indian CPC Growth Story, Says Nirmal Bang
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Nirmal Bang Report
Sumitomo Chemicals India Ltd. has access to new innovator products and global distribution reach of its Japanese parent Sumitomo Chemicals Co. Ltd., Japan across several markets in Asia, EU, North America and Latin America.
The company gets close to 29%/71% of its revenue from specialty/generic products and 80%/20% from domestic/export sales.
The company has delivered healthy growth with a compound annual growth rate in revenue/profit after tax 12.6%/27.4% over FY18-20.
The company in August 2019 took over and merged the crop protection chemical business of Excel Crop Care, promoted by the Shroff family (led by A.C. Shroff).
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