INDO AMINES LTD (524648) - GROWTH PICK

Today I am expressing my view on one commodity chemical stock.

INDO AMINES LIMITED ( 524648 )

Indo Amines Limited, incorporated a public limited company in 1994, is a significant worldwide manufacturer, developer and supplier of Fine Chemicals, Speciality Chemicals, Performance Chemicals, Perfumery Chemicals and Active Pharmaceuticals Ingredients. The products manufactured find application in various industries like Pharmaceuticals, Agrochemicals, Fertilizers, Petrochemicals, Road Construction, Pesticides, Perfumery Chemicals, Dyes and Intermediates, etc.

The Company operates the unique processes, synthesis and chemicals reactions for manufacture of their various products developed in house by their Research and Development Department.

IAL is one of the largest manufacturing Company in south Asia in its kind.

IAL uses process innovations coupled with research and development skills to carve a niche for ourselves. This is largely driven by the intense competition among the local and international players.

The Company Has Four manufacturing Sites : The sites are located at Baroda, Dombivli, Rabale and Dhule

Vision Mission & Values

Indo Amines Ltd's mission is to be best-in-class Chemical Company committed to excellence in Chemical manufacture which provides its customer with strong mix of technical competency and customer service. IAL aims to enrich the product lines by providing unique specialty chemicals of high quality to enhance production and give maximum cost benefit to Buyers.

IAL's vision is to be one of the Leading Indian Chemical Manufacturer taking India to the world.

Teamwork, quality, safety & responsibility are core values that are engrained in Indo Amines Culture. Accountability. Empowerment. Excellence & Creativity. we hold ourselves to high standards. And we use the same discipline to manage our individual performance as we do in managing our business and operating processes.

Company operates business mainly in 3 segments.

1.Fine chemicals - This segment mainly consists of different types of Amines, Esters,Aromatic nitriles etc.

2.Speciality chemicals - This segment covers the portfolio of Amides,Fatty acids etc.

3.Performance chemicals - This segment includes Anticacking chemicals,Defoamers, Emulsifiers etc.

Company shares are trading in BSE. Promoter holding in the company is 73.85%.

Company posted 64 Cr top line with over 10% operating margin & Net profit is 2.9Cr in the Dec qtr.

Stock is trading low PE (24) as compared to its peers and industry PE (39.5).

Stock is trading at Rs 94.

Considering above and business growth in chemicals and intermediate segment company is expected to perform better in near future.

NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION  BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN. 

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”