External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We expect VCL to double its EBITDA over FY24-27E, led by i) strong volume growth in the Barium segment, ii) incremental contribution from derivatives like chrome metal and chrome oxide green (COG) in the Chromium segment, and iii) benefits led by backward integration into soda ash, chrome ore, and barite.</li><li>With raw material prices easing and contribution of derivatives increasing, spreads are likely to improve in the Chromium segment (virtually nil competition from China).</li><li>Volume ramp up and market share gains in the Barium segment are likely to pull the company into a unique growth orbit, with potential for capacity expansion.</li></ul><p><em>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.</em></p>

We expect VCL to double its EBITDA over FY24-27E, led by i) strong volume growth in the Barium segment, ii) incremental contribution from derivatives like chrome metal and chrome oxide green (COG) in the Chromium segment, and iii) benefits led by backward integration into soda ash, chrome ore, and barite.With raw material prices easing and contribution of derivatives increasing, spreads are likely to improve in the Chromium segment (virtually nil competition from China).Volume ramp up and market share gains in the Barium segment are likely to pull the company into a unique growth orbit, with potential for capacity expansion.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.

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