Chembond Chemicals- A Perfect Misvalued Bet

Chembond Presentation for Q2:

Sales breakup for various segments

Breakup of sales in number:

Good to see the operations stabilizing and core EBITDA and gross margins increasing QoQ… Material technologies business growth is probably due to the growth in surface technologies business coming. This could be the major revenue/EBITDA driver until polyamide kicks in. A minor dampener is the Animal Nutrition segment not growing, which I guess is due to Vit. D prices shooting through the roof.

Overall as expected the other income is moving to the operating side this year and this quarter should set the tone/base for things to come.

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