According to analysts at UBS, PI Industries stands out with strong growth prospects, a solid management track record, while Navin Fluorine is poised for growth, leveraging opportunities in agrochemicals
Chemical sector growth projected for Galaxy and PI Industries; agrochem-focused players face demand pressure. Inventory destocking ongoing, may pick up speed in Q3FY24; India gaining market share in long run, says Nuvama.
The manufacturer of performance surfactants and specialty care products, reported an 8 percent year-on-year (YoY) decline in net profits and a 14.8 percent sequential decline to Rs 90.5 crore in the March quarter ended, 2023.
Why you should accumulate the stock of Galaxy Surfactants
Maulik Madhu
BL Research Bureau |
Updated on
April 17, 2021
Maulik Madhu
Galaxy Surfactants is a leading manufacturer of surfactants and specialty chemicals for use in the home care and personal care segment.
While Galaxy Surfactants’ revenue from specialty care products took a sharp hit in the June 2020 quarter, the business from performance surfactants remained robust all through FY21. The latter serve as inputs into consumer staples, the demand for which is relatively inelastic, ensuring a steady demand for the company’s products. Galaxy Surfactants serves as a global supplier to multi-national, regional and local FMCG companies.