Aarti Industries: Global Scale Niche Player in Specialty Chemicals

India focused Portfolio Advisory - Exp of 40+years, Das Capital Management and Advisors

Arun Thirumalai

India focused Portfolio Advisory - Exp of 40+years

Das Capital Management and Advisors

Das Capital is a research boutique with an aim to continuously map and plan the investment needs of investors focused on India. We have a six member research team with a combined experience of over 40 years as a part of our investment wing. Our team assisted in the setup of Premji Investments, which was one of India’s first family offices focused to managing Mr.Azim Premji personal wealth. We also serve as a research team to two Indian private equity energy funds “Small is Beautiful” and “KSK Emerging India Energy Fund”.

Equity Bottom-Up

<p>Aarti Industries declared below expected Q4FY17 and FY17 results. The company witnessed 8% YoY growth in volumes, but profitability continued to expand with a 14% YoY growth in EBITDA and a 22% EBITDA margin. The company has also improved its CRISIL debt ratings from AA-(stable) to A+ (positive) which is likely to reduce its finance cost going forward. We analyze the results.</p><div class="content-highlight"><h2><strong>Segment results</strong></h2></div><p><strong>Speciality Segment</strong></p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/026/971/original/speciality.PNG?1496219825" class="editor-image img-responsive" data-smartkarma-image-id="26971"></figure><ul>
<li>Net sales witnessed a growth of 4% to Rs. 24561 mn (USD 366 mn) in FY17.</li>
<li> Average Benzene…</li>
</ul>

Aarti Industries declared below expected Q4FY17 and FY17 results. The company witnessed 8% YoY growth in volumes, but profitability continued to expand with a 14% YoY growth in EBITDA and a 22% EBITDA margin. The company has also improved its CRISIL debt ratings from AA-(stable) to A+ (positive) which is likely to reduce its finance cost going forward. We analyze the results.Segment resultsSpeciality Segment
Net sales witnessed a growth of 4% to Rs. 24561 mn (USD 366 mn) in FY17.
 Average Benzene…


Aarti Industries Q4FY17 and Annual FY17 Result Update