Vinati Organics - Pre-Covid-19 Levels Attained, Strong Revenue Visibility: Anand Rathi

Vinati Organics Ltd. (Source: Company website).

Vinati Organics - Pre-Covid-19 Levels Attained, Strong Revenue Visibility: Anand Rathi


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Anand Rathi Report

Following a pickup in butyl phenol utilisation and recovery in ATBS (acrylamido tertiary-butyl sulfonic acid) demand, Vinati Organics Ltd. reported a good Q4.

Despite its Q4 revenue growth in, full year revenue/Ebitda/profit after tax fell 7%/14%/19% YoY on less demand for ATBS.

We expect revenue/Ebitda/profit after tax to clock 34%/38%/37% compound annual growth rates over FY21-23, driven by rising demand for its products, greater utilisation of butyl phenol and a pickup in demand for ATBS.

Further, the amalgamation with Veeral would add to revenue in coming years.

Click on the attachment to read the full report:

Anand Rathi Vinati Organics Company Update.pdf


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