INEOS Styrolution- will it follow Speciality Chemical tail wind?

Business in detail:

INEOS Styrolution India Limited, formerly Styrolution ABS (India) Limited, is an India-based company, which is engaged in engineering thermoplastics. The Company manufactures and sells ABSOLAC (ABS), a plastic resin produced from acrylonitrile, butadiene and styrene, which is used for manufacturing home appliances, automobiles, consumer durables and business machines. It also manufactures and sells ABSOLAN (SAN), which is a polymerized plastic resin, produced from styrene and acrylonitrile and is used for products, such as lightings, stationeries, novelties, refrigerators and cosmetic packing. The Company has launched Novodur HH and Luran S in the automotive industry. The Company provides styrenic applications for various products across a range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys, sports and leisure. The Company has manufacturing facilities located at Nandesari, Moxi, Dahej and Katol.

https://www.youtube.com/watch?v=hSsEOS8y_ng

Key Products:

Market cap: 1,063.93 Crore.

Facilities:

  • Katol,Panchmahal, Gujarat
  • Dahej, Bharuch, Gujarat
  • At& Post Poicha, Taluka Savali, Vadodara.
  • Nandesari, Gujarat.

Pros:

  • P/E = 16.95
  • P/B = 1.88
  • Debt to equity= 0.22

Cons:

  • Company has a low return on equity of 11.04% for last 3 years.
  • Dividend payout has been low at 14.19% of profits over last 3 years

Key People:

  • Stephen Harrington-Chairman of the Board
  • Sanjiv Vasudeva-Chief Executive Officer, Managing Director, Director
  • Bhupesh Porwal-Chief Financial Officer, Additional Director
  • Haresh Khilnani-Compliance Officer, Company Secretary & Head–Legal
  • Ryna Karani-Independent Director
  • Sharad Kulkarni-Non-Executive Independent Director
  • Jal Patel-Non-Executive Independent Director

Top Public holdings:

Promoters holdings:

Last five years financials:

Key triggers:

  • Has shown good sales growth of 21% in last three years
  • Sector has a tailwind. There is a popular saying nowadays that chemical companies are the new pharma.

Disc: Not invested

3 Likes

Hi,

Some chartist are talking of breakout if it manage to close above 586.
Any view from who are following it.

Regards,

1 Like

Hi. I have already initiated a thread on this in the name of styrolution abs

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