Best Chemical Penny Stocks in India 2024 Add to Watchlist

Best Chemical Penny Stocks in India: In the modern era, chemicals are catalysts for progress, quietly shaping the landscape of technology, medicine, and agriculture. As India is in a continuous phase of expansion, the potential for the development of the chemical industry in the future is very high.

This opens up exciting opportunities for investment in the chemicals sector. Today we will talk about the best chemical penny stocks in India.

Best Chemical Penny Stocks in India

Beard Cell Co., Ltd.

Beardsell Ltd was established in 1936 and is engaged in expanded polystyrene products, popularly known as thermocole and prefabricated buildings.

The company manufactures Quik Build, a green building system with fast construction times, thermal insulation and cost savings.

We also offer custom prefabricated structures for rapid deployment, turnkey cleanroom solutions and specialist products for the defense sector. The company also offers packaging solutions such as EPS, anti-static and composite packaging.

The company has manufacturing facilities at various locations across India, including Thane, Chennai, Hyderabad, Karad, Malur and Hapur. Additionally, the company has an extensive presence in India and operates trading operations in domestic and international markets.

During the 23rd financial year, the company earned an operating profit of Rs. This is an increase of 24% to Rs.232.01 crores compared to operating revenue of Rs.186.13 crores in FY22.

Similarly, the company’s net profit increased significantly in FY23 compared to the previous financial year. During FY23, the company reported a net profit of Rs.8.49 Crore, up 202% from Rs 2.81 Crore in FY22.

The company’s ROE and RoCE during FY23 were 15.2% and 18.5%, indicating that the company has delivered good returns to shareholders and utilized its overall resources efficiently.

Archit Organosis

Archit Organosys Ltd, formerly known as Shri Chlochem, started its business in 1989 with a few chemical molecules.

Currently, the company manufactures and trades organic chemicals, adhesives, pigments, sealants and specialty derivatives such as monochloroacetic acid and sodium chloroacetate.

These products are used in the synthesis of a variety of agricultural chemicals, oil drilling chemicals, cosmetic surfactants, and plastic additives. The company has two manufacturing plants in Ahmedabad and Bhavnagar.

The company’s major customers include several large Indian and international companies engaged in agrochemical, pharmaceutical and cosmetic manufacturing sectors.

The company also sells its products across Pan India as well as the United States, Europe, Latin America, other Asian countries and South Africa.

The operating revenue earned by the company during FY23 was seen to be slightly lower by Rs.129.70 crores compared to Rs.139.82 crores in FY22, showing a decline of 7.23%.

However, the company increased its net profit by 38.82% during the same period from ₹8.23 billion in FY22 to Rs.11.42 crores in FY23. This was the result of reduced operating costs.

During the most recent financial year, ROE and RoCE were reported at 17.6% and 17.3%, respectively, indicating adequate utilization of the company’s resources.

Hindcorn Chemical

Established in 1998, Hindcon Chemicals is engaged in manufacturing and construction related products such as concrete and mortar admixtures, flooring, protective waterproof coatings and adhesives.

We also offer services such as waterproofing, turnkey projects, repair services, and refurbishment of damaged structures.

The company operates from a facility located at Jalan Industrial Estate on the outskirts of Kolkata. As of FY23, the company has an annual production capacity of 18,000 MT for sodium silicate and 12,000 MT for cement additives.

The company serves customers in the business-to-business (B2B) and business-to-consumer (B2C) sectors. During FY23, the company’s B2B customers accounted for 71% of the company’s revenue.

During FY23, the company’s revenue from operations increased to Rs.85.59 crores. It was $66.61 billion in the previous fiscal year. Similarly, net profit increased to Rs.4.35 crores compared to Rs.4.26 crores during the same period.

ROE and RoCE were reported at 10.6% and 14.3% respectively, which is lower than the average return for the company’s shareholders. On a positive note, the company’s debt-to-equity ratio is reported to be 0.02, which indicates that the company is largely self-funded.

Sunil Healthcare

Sunil Healthcare Co., Ltd. was established in 1976 and manufactures pore gelatin, HPMC capsule shell, and Ayurvedic medicine.

Currently, the company is manufacturing double lock, triple lock, multi-groove ₹ 75.6 Cr.EHGC capsules and some vegan HPMC (Hydroxy Propyl Methyl Cellulose) along with liner, round, two-color printing and 360 degree printing.

The company operates from its facility in Alwar with an annual capacity of 15 billion capsules in nine sizes (00, 0SEL, 0EL, 0, 1, 2, 3, 4 & 5). The company is also expanding its presence globally. We have subsidiaries in the United States and Mexico.

Some of the company’s customers include Abbott, Cadila, Himalaya, Sun Pharma, Ajanta Pharma, Dabur, Intas, Alkem, GSK and Mankind.

During FY23, the company’s revenue from operations declined slightly to Rs.110.49 crores compared to Rs.119.16 crores in the previous fiscal. On the other hand, net profit increased to 66.8 million rupees compared to 642 million rupees last year.

ROE and RoCE were reported at 11.9%% and 14.7% respectively, suggesting that there is room for improvement in the company’s resource efficiency.

Crop Life Science

Crop Life Science was established in 2006 as a small unit producing crop protection chemicals.

Over the years, through acquisitions, back and forth integrations, the company has become one of the leading manufacturers of a wide range of products. These products include pesticides, fungicides, herbicides, microfertilizers, next-generation organic biostimulants and biofertilizers, plant growth regulators and soil plant health products.

The company has a manufacturing facility in Ankleshwar, Gujarat, through which it supplies its products to Gujarat, Madhya Pradesh, Maharashtra, Chhattisgarh, Uttar Pradesh, West Bengal and Bihar.

We also export high-value branded products to Egypt, Saudi Arabia, Iran, Oman, Nepal, Bangladesh, Thailand, Malaysia, Indonesia, and Vietnam.

During FY23, the company saw its revenue increase from Rs.102 crores to Rs.131.22 crores, an increase of 28% year-on-year. During the same period, the company increased its net profit from Rs.2.81 crores in FY22 to Rs.4.07 crores in FY23.

Although sales and profits increased, ROE and RoCE were 10.6% and 14.2%, suggesting that resource utilization efficiency was below average.

conclusion

Concluding our article on ‘Best Chemical Penny Stocks in India’, we noted that the company’s performance has improved in recent years, but has been inconsistent. Additionally, penny stocks have low liquidity, which means they have a high level of volatility that can impact your portfolio.

Written by Aaron Barth

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