Is there any other material or substance for the vulcanization of rubber except insoluble sulfur?
No, companies have only 4 options and for Indian Companies - OCCL is the cheapest option.
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Hi, I am trying to open mentioned link today but getting null values for most field.
Do you know if NCLT has approved the demerger?
Acquisition of 6,49,344 (6.50%) shareholding of Oriental Carbon and Chemicals Limited, pursuant to
Scheme of Amalgamation between Disciplined Investments Limited (âTransferor Company No. 1â),
Haldia Investment Company Limited (âTransferor Company No. 2â) and Cosmopolitan Investments
Limited ("Transferee Companyâ) and their respective Shareholders and Creditors.
Can we consider this acquisition as a part of demerger?
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Primarily looks like promoter has taken out money from one pocket & put in the other. However, stock price increase post this with high volumes cannot be ignored.
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Bad Numbers
I didnt understand why they are not able to increase their profits while they are market leader of insoluable sulpher
Essentially poor demand across the globe: Insoluble Sulphur Prices, News, Monitor, Analysis & Demand
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Right now, the automotive industry is growing faster. Then, in my opinion, OCCL also grew fast. And is there any other element used instead of insoluble sulfur for making tyres?
Is the tyre industry doing well ? Goodyear posted subuded quarter just now: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e09ba9c5-a355-4f4f-80a7-fdbc3064ed66.pdf
Both decrease QoQ and YoY. Havenât tracked other tyre manufacturers, but it seems demand is low ? But OTOH, Tata Motors posted record numbers today. Disconnect between auto numbers vs tyre numbers ?
Good year is more dependent on tractor segment which is not doing well now. Results of VST Tillers, Swaraj Engines are also down.
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Isnât OCCL revenue/margin higher for such commercial tyres (tractors/heavy vehicles etc) vs car tyres? Is that the reason for downtrend (alongside pricing pressures)?
exports are hit ie Europe
Commerical goods movement is major driver of demand for large tires, which has clearly slowed down in the west. Auto loan defautls are also shooting up in west.
How did u know defaults are shooting up in the westâŚwhere did u found the relevant data or else itâs ur guess based on ur assumptions
This doesnât mean anything. Itâs just moved from one bucket to another. Yet another day! The stake remains the same as before.
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Oriental Carbon & Chemicals Limited Q3 FY â24 Earnings Conference Call February 05, 2024
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Our revenues have declined. The decline can be attributable to several factors, including the diminishing realizations of insoluble sulfur owing to a reduction in input costs, coupled with weaker demand and intensified competition in the market
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While in the short to medium term, the situation is challenging, primarily due to excess supply in the market, the long-term industry outlook for insoluble sulfur remains promising, driven by the anticipated growth in the automotive sector
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As the demand for high-quality tires continues to escalate, the requirement for premium-grade
raw materials like insoluble sulfur is poised to rise accordingly -
We have invested to participate in a group of captive solar power schemes in Haryana through an SPV
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Europe, there is a slowdown. And therefore, the demand has come down in Europe for insoluble sulfur. Secondly, because of oversupply in China, China is dumping material in the Asia Pacific region at lower rates, and that is also affecting our supplies in the Asia Pacific region
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The mgmt attributed decline in earnings and revenue to dumping by the Chinese.
However, earlier it has always been stated that the product approval nd finalising purchase by the clients is a long drawn process which is not easy to obtain.
If thatâs the casr, thn how come Chinese dumping happen all of a sudden. Definitely a red flag for me, bt probably other long term investors can shed sm light.
Discloure :- Invested
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The grade offered by the Chinese is a different one. The industry has been in oversupply for a long long time. Thatâs why the fixed asset turnover is lower for insoluble sulphur companies. When the demand will catch is anyoneâs guess. Unless the management does some misstep, it should be okay in my view. One such step they are taking is the demerger of the entities.