This speciality chemical stock is among the top gainers on September 22

The stock surged 4.22% on the day.

On September 22, the market is trading in the red. At 12:02 pm, the S&P BSE Sensex is trading at 58928, down 0.89% on the day, while NIFTY50 is down 0.92% and trading at Rs 17554. About sectoral performance, FMCG is the top gainer, while Financial and Power are among the top losers for the day. Regarding stock-specific action, Anupam Rasayan India Ltd is among the top gainers. 

The shares of Anupam Rasayan India Ltd have surged 4.22% and are trading at Rs 783.3, as of 12:04 pm. The stock opened at Rs 754.35 and so far, has made an intraday high and low of Rs 823 and Rs 749.1, respectively. 

Anupam Rasayan India Ltd is involved primarily in the custom synthesis and manufacturing of speciality chemicals. It has a product portfolio of 48 complex products. 

The company operates under two business segments- (i) Life science-related speciality chemicals: agrochemicals, personal care, and pharmaceuticals, and ii) other speciality chemicals: speciality pigments and dyes, as well as polymer additives. The company has a total of 6 manufacturing plants, all located in Gujarat. All these plants have a combined installed capacity of 27,200 MTPA. Its clients include Syngenta, Adama, Sumitomo Chemical, UPL, etc. 

For FY22, the company recorded consolidated revenue of Rs 1066 crore and a net profit of Rs 151 crore. As per the FY22 period ending, the company has ROE and ROCE of 9.16% and 11%, respectively. 

Over the 5 years period, the company has delivered strong growth in its financials, where sales and net profit CAGR growth remained at 30% and 34%, respectively. 

The company has a market capitalization of Rs 7974 crore and is currently trading at a PE multiple of 48.25x. About the shareholding pattern, 65.17% of the company’s stake is owned by the promoters, 4.98% by FIIs, 4.4% by DIIs, and the rest 25.45% by the non-institutional investors. The stock has a 52-week high and low of Rs 1106 and Rs 547.1, respectively.