Archean chemical share price

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• The company has shown a good profit growth of 66.2282577502915% for the Past 3 years. • The company has shown a good revenue growth of 25.9704852991116% for the Past 3 years. • Company has been maintaining healthy ROE of 45.1805298456127% over the past 3 years. • Company has been maintaining healthy ROCE of 25.8788122649453% over the past 3 years. • Company is virtually debt free. • The company has an efficient Cash Conversion Cycle of 0 days. • The company has a high promoter holding of 53.6%. • Promoter stake has increased from 0% to 53.6% in the last 1 quarter. Quarterly Result (All Figures in Cr.) PARTICULARS Dec 2022 Mar 2023 Net Sales 364.92 382.38 Total Expenditure 204.94 187.89 Operating Profit 159.98 194.49 Other Income 7.66 8.58 Interest 19.42 3.42 Depreciation 16.78 17.26 Exceptional Items 0 0 Profit Before Tax 131.45 182.39 Tax 33.17 45.57 Profit After Tax 98.29 136.82 Adjusted EPS (Rs) 7.99 11.12 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 438.83 565.51 608.17 740.76 1130.44 Total Expenditure 355.99 496.74 460.14 478.54 663.13 Operating Profit 82.84 68.77 148.03 262.23 467.31 Other Income 6.07 7.09 8.29 14.03 12.64 Interest 101.53 113.66 121.76 130.39 161.67 Depreciation 72.77 47.27 51.92 55.38 66.86 Exceptional Items 0 114.26 0 0 0 Profit Before Tax -85.38 29.2 -17.36 90.48 251.42 Tax -6.22 -11.87 18.29 23.89 62.8 Net Profit -79.16 41.06 -35.8 66.36 104.71 Adjusted EPS (Rs.) -15.8...

The coming week will start with the addition of two stocks on main board as Archean Chemical Industries and Five Star Business Finance will make their debut on November 21 after completing the IPO process. The specialty chemical company closed its public issue on November 11 and raised Rs 1,462 crore at upper end of price band of Rs 386-407 per share, while the non-banking finance company also closed its IPO on same day with mobilising around Rs 1,590 crore at Rs 474 per share. Archean Chemical Industries Among these two, Archean is likely to start with a healthy premium on Monday given the strong subscription to IPO, attractive valuations, consistent growth in financials, and high entry barriers in the industry it operates, experts said. Even the mood of equity markets is positive, which could also support the listing. The benchmark indices rallied more than 6.5 percent in previous four consecutive weeks before having a consolidation in the passing week. The initial public offering of the specialty marine chemical manufacturer was subscribed 32.23 times with major support by qualified institutional buyers that had bid for 48.91 times. High networth individuals bought 14.90 times the allotted quota and retail portion booked 9.96 times. In fact, the response to issue has been better from day one of subscription. "Considering excellent response from investors to the IPO, supportive secondary market, and fancy sector demand, Archean Chemical is likely to list around Rs 480-49...

For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 390.71 Crore, up 4.92 % from last quarter Total Income of Rs 372.40 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company has reported net profit after tax of Rs 136.51 Crore in latest quarter. The company’s top management includes Mr.Ranjit Pendurthi, Mr.Ravi Pendurthi, Mr.Subrahmanyam Meenakshisundaram, Ms.Padma Chandrasekaran, Mr.Chittoor Ghatambu Sethuram, Mr.Kandheri Munaswami Mohandass. Company has PKF Sridhar & Santhanam�LLP as its auditors. As on 31-03-2023, the company has a total of 12 Crore shares outstanding. Investment Rationale The brokerage continues to like the bromine derivatives story offering 36% EPS CAGR over FY23-26E (even after baking in normalised bromine prices). The brokerage maintains BUY with a Jun’24 TP of INR810/share (based on 12X Jun’25E EPS). Promoter/FII Holdings Promoters held 53.6 per cent stake in the company as of 31-Mar-2023, while FIIs owned 5.47 per cent, DIIs 30.25 per cent. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied...

STOCK SUMMARY • Face Value (₹) 2.00 • Beta 0.15 • 52-Week Low (₹) 440.20 • 52-Week High (₹) 731.80 • Price-to-Book (X)* 4.87 • Dividend Yield (%) 0.44 • Price-to-Earnings (P/E) (X)* 18.20 • Earnings Per Share (₹) 31.09 • Sector Price Earning (X)* 29.08 • Market Cap (₹ Cr.)* 6,967.26 • * Vaues as of last close price COMPETITORS • Tata Chemicals ₹970.95 12.45 (1.30%) • SRF ₹2,397.45 30.40 (1.28%) • Clean Science & Technology ₹1,383.95 20.40 (1.50%) • Godrej Industries ₹497.65 -10.95 (-2.15%) • Pidilite Industries ₹2,697.70 17.00 (0.63%) • Deepak Nitrite ₹2,163.10 26.55 (1.24%) • Solar Industries India ₹3,799.15 -46.30 (-1.20%) The peers of Archean Chemical Industries Ltd are Tata Chemicals Ltd, SRF Ltd, Clean Science & Technology Ltd, Godrej Industries Ltd, Pidilite Industries Ltd, Deepak Nitrite Ltd, Solar Industries India Ltd, Aether Industries Ltd, Atul Ltd, Gujarat Fluorochemicals Ltd, Fine Organic Industries Ltd, Linde India Ltd, Aarti Industries Ltd, Navin Fluorine International Ltd, Vinati Organics Ltd. Archean Chemical Industries Ltd, incorporated in the year , has its registered office in No 2 North Crescent Road, T Nagar, Chennai, Tamil Nadu, 600017, 91-44-6109 9999. The main industry in which Archean Chemical Industries Ltd operates is Chemicals. Auditor/Auditors for Archean Chemical Industries Ltd is/are PKF Sridhar & Santhanam LLP. In the main management, is chairman and BALAJI GANESHSINGH is the company secretary for Archean Chemical Industries Ltd. • SM SUBRAH...

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• For Block Deals - Morning Block Deal Window (first session): This window shall operate between 08:45 AM to 09:00 AM. • Afternoon Block Deal Window (second session): This window shall operate between 02:05 PM to 2:20 PM. • % change is calculated with respect to close price of normal market. Close price is adjusted price on ex-date for Dividend, Bonus, Rights & Face Value Split. Note • • Adjusted Price: Adjusted price is displayed when the security is undergoing a Corporate Action such as Dividend, Bonus, Rights or Face Value Split. On Corporate Action (Ex-date), the %change on is calculated with respect to the Adjusted Price. • i-NAV : i-NAV (Indicative NAV) for an ETF is displayed as received from AMCs during each business day. • For securities that undergo call auction in special pre-open session in case of New/IPO Listings; Re-Listing; Corporate Action; Surveillance action etc., the % change is calculated with respect to equilibrium price determined in the session. • Close price will be updated after 18.15 hrs on account of joint press release dated February 09, 2018 ( • 52 week High/Low: Prices are adjusted for Corporate Action such as Bonus, Face Value Split, Rights etc. • The dynamic price bands of 10% applicable, for securities in derivatives or securities included in indices on which derivative products are available, may be relaxed intra-day in the event of a market trend in either direction (upper/lower) in co-ordination with other Exchanges. • Sectoral Index an...

The coming week will start with the addition of two stocks on main board as Archean Chemical Industries and Five Star Business Finance will make their debut on November 21 after completing the IPO process. The specialty chemical company closed its public issue on November 11 and raised Rs 1,462 crore at upper end of price band of Rs 386-407 per share, while the non-banking finance company also closed its IPO on same day with mobilising around Rs 1,590 crore at Rs 474 per share. Archean Chemical Industries Among these two, Archean is likely to start with a healthy premium on Monday given the strong subscription to IPO, attractive valuations, consistent growth in financials, and high entry barriers in the industry it operates, experts said. Even the mood of equity markets is positive, which could also support the listing. The benchmark indices rallied more than 6.5 percent in previous four consecutive weeks before having a consolidation in the passing week. The initial public offering of the specialty marine chemical manufacturer was subscribed 32.23 times with major support by qualified institutional buyers that had bid for 48.91 times. High networth individuals bought 14.90 times the allotted quota and retail portion booked 9.96 times. In fact, the response to issue has been better from day one of subscription. "Considering excellent response from investors to the IPO, supportive secondary market, and fancy sector demand, Archean Chemical is likely to list around Rs 480-49...

• For Block Deals - Morning Block Deal Window (first session): This window shall operate between 08:45 AM to 09:00 AM. • Afternoon Block Deal Window (second session): This window shall operate between 02:05 PM to 2:20 PM. • % change is calculated with respect to close price of normal market. Close price is adjusted price on ex-date for Dividend, Bonus, Rights & Face Value Split. Note • • Adjusted Price: Adjusted price is displayed when the security is undergoing a Corporate Action such as Dividend, Bonus, Rights or Face Value Split. On Corporate Action (Ex-date), the %change on is calculated with respect to the Adjusted Price. • i-NAV : i-NAV (Indicative NAV) for an ETF is displayed as received from AMCs during each business day. • For securities that undergo call auction in special pre-open session in case of New/IPO Listings; Re-Listing; Corporate Action; Surveillance action etc., the % change is calculated with respect to equilibrium price determined in the session. • Close price will be updated after 18.15 hrs on account of joint press release dated February 09, 2018 ( • 52 week High/Low: Prices are adjusted for Corporate Action such as Bonus, Face Value Split, Rights etc. • The dynamic price bands of 10% applicable, for securities in derivatives or securities included in indices on which derivative products are available, may be relaxed intra-day in the event of a market trend in either direction (upper/lower) in co-ordination with other Exchanges. • Sectoral Index an...

Description • Archean Chemical Industries Limited was originally formed as a Partnership Firm under the name of "Archean Chemical Industries" at Chennai, pursuant to a Partnership Deed dated November 20, 2003, which was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Chennai. Subsequently, the Partnership Firm converted into Private Limited Company under the Companies Act, 1956 with the name "Archean Chemical Industries Private Limited" and a Certificate of Incorporation dated July 14, 2009 was issued by the Registrar of Companies, at Chennai. Consequent upon conversion into a Public Limited Company on November 15, 2021, name of the Company was changed to "Archean Chemical Industries Limited. The Company is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. It produce products from brine reserves in the Rann of Kutch, located on the Coast of Gujarat, and manufacture products at their facility near Hajipir in Gujarat. Their bromine is used as key initial level materials, which have applications in the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage batteries. Industrial salt is an important raw material used in chemical industry for production of sodium carbonate (soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorate, sodium sulphate (...