External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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Thematic (Sector/Industry)

<ul><li>As we conclude the final page of 2023, we extend our heartfelt wishes for a 'Happy New Year' to all our valued patrons.</li><li>With great enthusiasm, we welcome 2024, anticipating a year filled with prosperity, peace, and happiness for you and your family.</li><li>At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment endeavours further</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

As we conclude the final page of 2023, we extend our heartfelt wishes for a 'Happy New Year' to all our valued patrons.With great enthusiasm, we welcome 2024, anticipating a year filled with prosperity, peace, and happiness for you and your family.At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment endeavours furtherContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equity Bottom-Up

Archean Chemical Industries / Equity Bottom-Up

<ul><li>Strong Growth in Industrial Salt, Bromine Volumes Disappoint: During the quarter, the company reported a robust 40% YoY volume growth in Industrial Salt, while bromine volumes continued to decline sequentially.</li><li>Industrial Salt capacity has been ramped up to over 5 Mn tons on an annual basis, and management expects quarterly volumes to exceed 1 Mn tons going forward (with an annual target of 4.5+ Mn tons).</li><li>In Bromine, the volumes were impacted by lower recovery due to the extended winter in the first two months, but have shown signs of improvement post that. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strong Growth in Industrial Salt, Bromine Volumes Disappoint: During the quarter, the company reported a robust 40% YoY volume growth in Industrial Salt, while bromine volumes continued to decline sequentially.Industrial Salt capacity has been ramped up to over 5 Mn tons on an annual basis, and management expects quarterly volumes to exceed 1 Mn tons going forward (with an annual target of 4.5+ Mn tons).In Bromine, the volumes were impacted by lower recovery due to the extended winter in the first two months, but have shown signs of improvement post that. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Archean Chemical Industries Ltd - Revenue Growth Resumes; Margin Expansion Awaited

<ul><li>Subdued Volumes for Bromine &amp; Industrial Salt: During the quarter, the company witnessed a sequential degrowth in bromine and salt volumes.</li><li>However, there was a slight improvement in price realisation for both products.</li><li>The management expects a quarterly run rate of approximately 10 Lc for salt volumes, supported by healthy inquiries across its product lines. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Subdued Volumes for Bromine &amp; Industrial Salt: During the quarter, the company witnessed a sequential degrowth in bromine and salt volumes.However, there was a slight improvement in price realisation for both products.The management expects a quarterly run rate of approximately 10 Lc for salt volumes, supported by healthy inquiries across its product lines. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Archean Chemical Industries Ltd - Worst Factored In; Upgrade to BUY

<ul><li>Logistical adversaries and Heavy Monsoon Impacted the bottom line: The company reported revenue of Rs 240 Cr in Q2FY25, marking a 17% YoY decline.</li><li>This significant drop was primarily due to logistical challenges at the ports, which affected overall dispatches, shipments, and business momentum.</li><li>Industrial salt volumes were also impacted by adverse weather conditions, including the Asna cyclone, resulting in a loss of approximately Rs 40 Cr in industrial salt. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Logistical adversaries and Heavy Monsoon Impacted the bottom line: The company reported revenue of Rs 240 Cr in Q2FY25, marking a 17% YoY decline.This significant drop was primarily due to logistical challenges at the ports, which affected overall dispatches, shipments, and business momentum.Industrial salt volumes were also impacted by adverse weather conditions, including the Asna cyclone, resulting in a loss of approximately Rs 40 Cr in industrial salt. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Archean Chemical Industri - Sharp Decline in Profitability

<ul><li>Archean Chemical Industries Ltd's performance in Q1FY25 fell short of expectations across all key metrics.</li><li>Consolidated revenue was ₹213 Cr, a decline of 38% YoY and 25% QoQ, significantly missing our estimate by 44%.</li><li>EBITDA stood at ₹71 Cr, down 47% YoY and 18% QoQ, falling short of our estimates by 43%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Archean Chemical Industries Ltd's performance in Q1FY25 fell short of expectations across all key metrics.Consolidated revenue was ₹213 Cr, a decline of 38% YoY and 25% QoQ, significantly missing our estimate by 44%.EBITDA stood at ₹71 Cr, down 47% YoY and 18% QoQ, falling short of our estimates by 43%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Archean Chemical Industries Ltd - Results Miss Expectations; Gradual Volume Recovery Ahead

India

Archean Chemical Industries is an Indian specialty marine chemical manufacturer, producing and exporting bromine, industrial salt, and sulphate of potash. The company utilizes brine from its reservoirs in the Rann of Kutch, Gujarat, for its integrated production facility. It was founded in 2003 and is headquartered in Chennai, Tamil Nadu, India.

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Archean Chemical Industries (ACI IN)

Axis New Year Picks 2024

At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment...

Axis Direct

Archean Chemical Industries Ltd - Revenue Growth Resumes; Margin Expansion Awaited

During the quarter, the company reported a robust 40% YoY volume growth in Industrial Salt, while bromine volumes continued to decline sequentially.

Axis Direct

Archean Chemical Industries Ltd - Worst Factored In; Upgrade to BUY

Subdued Volumes for Bromine & Industrial Salt: During the quarter, the company witnessed a sequential degrowth in bromine and salt volumes.

Axis Direct

Archean Chemical Industri - Sharp Decline in Profitability

Logistical adversaries and Heavy Monsoon Impacted the bottom line: The company reported revenue of Rs 240 Cr in Q2FY25, marking a 17% YoY decline

Axis Direct

Archean Chemical Industries Ltd - Results Miss Expectations; Gradual Volume Recovery Ahead

Archean Chemical Industries Ltd's performance in Q1FY25 fell short of expectations across all key metrics. Consolidated revenue was ₹213 Cr, a...

Axis Direct

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