Best debt free chemical stocks in india.
Best Debt-Free Chemical Stocks: The chemicals produced are utilized in a variety of industries. From saving lives to pharmaceuticals to advanced materials, chemicals are used in a variety of activities. The chemical industry is often affected by global economic conditions that affect raw material supplies and other regulatory changes that make the industry highly cyclical. In this article, we will look at debt-free companies in the chemical industry.
Best debt free chemical stocks in india.
Debt-Free Chemicals Stock #1: India Borax & Chemicals
Indian Borax and Chemicals Established in 1980. The company operates as one of the most modern boric acid manufacturers. The company has a statically constructed plant at Pithampur, Madhya Pradesh with efficient transport facilities that connect it to various parts of India.
The company can use a continuous process at full capacity to generate its power requirements. Additionally, the company has also received approval from the Food and Drug Administration (FDA) to manufacture pharmaceutical grade boric acid.
The demand for boron products is increasing every year and we recently received Bureau of Indian Standards certification to meet BIS specifications. As part of the expansion, the company has set up a new boric acid plant at the same location in Pithampur.
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One of the major risks seen in the industry concerns the import of boron minerals. Reliance on imports can be problematic due to competitive pricing. Therefore, to reduce the risk, the company is engaged in exploring the possibility of alternative solutions to reduce the risk.
According to the company’s income statement, the company’s operating revenue in FY 2022 was ₹175.72 crores, which increased to ₹225.08 crores in FY 2023. This resulted in year-on-year (YOY) growth of 28.09%. The company reported net income of $36.37 billion for fiscal 2022. In fiscal year 2023, net income increased to $50.69 billion, a 39.38% growth over the previous year.
The company’s return on equity (ROE) was 19.14% in fiscal 2022, which increased to 21.93% in fiscal 2023. The company’s return on invested capital (ROCE) in fiscal 2022 was 26.26%, which increased to 29.78% in fiscal 2023. The company has had no debt for the past five years. As of September 2023, the promoters of the company hold 52.07% and the public holds 47.92%.
Debt-Free Chemical Stock #2: Tanfac Industries
Tan Pak Industry This company was founded in 1972. The company is one of the leading and largest producers of hydrofluoric acid and aluminum fluoride in India. We were the first chemical product manufacturing company to obtain ISO certification.
Tanfac Industries operates as a joint venture promoted by Anupam Rasayan India Limited and TN Industrial Development Corporation (TIDCO). We export to more than 12 countries. The company has its manufacturing facility spread over 60 acres of land in Cuddalore.
The company manufactures a variety of acids including: Anhydrous hydrofluoric acidAluminum fluoride, potassium fluoride, acetic acid, polyaluminium, etc.
According to the company’s income statement, the company’s operating revenue was ₹320.17 crores in FY 2022, which increased to ₹374.95 crores in FY 2023. This resulted in year-on-year (YOY) growth of 17.11%.
The company reported a net profit of $53.28 billion in FY22. Net profit was $56.13 billion in FY23, up 5.34% year-on-year.
The company’s return on equity (ROE) in 2022 was 49.12% and in 2023 it was 35.30%. Return on Invested Capital (ROCE) decreased from 67.86% in FY 2022 to 48.62% in FY 2023. The company has been debt-free for the past three years.
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Debt-free chemical stock #3: Nosil
Nosil Established in 1961, it operates in the manufacture of rubber chemicals used in the tire industry and other rubber processing industries.
Nocil is India’s largest rubber chemicals manufacturer with plants in Navi Mumbai and Dahej. The company is part of the Arvind Mafatlal Group, which has a well-established presence in India with diverse interests.
The company’s product portfolio includes various well-known brands such as PILFLEX, PILNOX, PILCURE and PILGARD.
PILFLEX is a chemical used to protect vulcanizates, and PILNOX is another chemical used to protect vulcanizates from thermal decomposition.
PILCURE is a chemical added to rubber compounds to speed up vulcanization. Lastly, PILGARD is a chemical necessary to improve processability and shelf life during the molding process.
According to the company’s income statement, the company’s operating revenue in FY 2022 was ₹1571.31 crores, which increased to ₹1616.57 crores in FY 2023, showing a slight growth of 3% over the previous year.
NOCIL reported a 15% decline in revenue from Rs 176 crores in FY 2022 to Rs 149.15 crores in FY23.
The company’s return on equity (ROE) in fiscal 2022 was 12.90% and in fiscal 2023 it was 9.95% and the company’s return on capital employed (ROCE) decreased from 17% in fiscal 2022 to 13% in fiscal 2023.
As of September 2023, the promoters of the company hold 33.84% and the public holds 56.76%.
Debt-Free Chemical Stock #4: Diamines & Chemicals
Diamines and Chemicals Established in 1976. The company’s operations include ethylene amine manufacturing. They have a wide range of products including Piperazine Anhydrous, Polyamine Mix, Piperzine 68% Solution and Monoethanolamine.
The company is also working to add new products to its portfolio, and some of the products in development include piperazine derivatives, diacetyl, and others. ethylenediamineAnd many more.
Diamines & Chemicals serves a wide range of manufacturing industries, including bulk pharmaceuticals, gaseous sweeteners, textiles, water treatment and lubricant additives.
According to the company’s income statement, the company’s operating revenue was ₹66.11 crores in FY 2022, which increased to ₹110.56 crores in FY 2023. This resulted in a year-on-year (YOY) growth of 67.24%.
The company reported net income of $16.71 billion for fiscal 2022. In fiscal year 2023, net income increased to $41.91 billion, a 150.74% growth over the previous year. The company was able to increase profits by generating more revenue and reducing costs.
The company’s return on equity (ROE) was 18.05% in fiscal 2022, which increased to 35.71% in fiscal 2023. The average return on equity (ROE) for three years was 26.15%.
The company’s return on invested capital (ROCE) in fiscal 2022 was 23.82%, and in fiscal 2023 it was 47.96%. The company’s average return on invested capital (ROCE) over three years is 34%.
The company paid off its debt of 0.65 in fiscal year 2019, and from fiscal year 2021, the company is debt-free. As of September 2023, the promoters of the company hold 54.63% and the public holds 45.35%.
Debt-Free Chemical Stock #5: Paushak
Powshark Established in 1968, with a rich experience of 115 years, the established company currently stands as India’s largest manufacturer of phosgene-based chemicals. The company’s core competency lies in manufacturing isocyanates, carbamoyl chlorides and carbamates.
Paushak has a 350-strong workforce and an engaged and dedicated research and development department with 30 scientists. According to the company’s income statement, the company’s operating revenue in FY 2022 was ₹150.1 crores, which increased to ₹212.35 crores in FY 2023. This resulted in year-on-year (YOY) growth of 41.47%.
The company reported net income of $37.61 billion for fiscal 2022. In fiscal year 2023, net income increased to $54.01 billion, representing a 43.59% growth over the previous year.
The company’s return on equity (ROE) was 13.03% in fiscal 2022, which increased to 16.39% in fiscal 2023. The three-year average return on equity (ROE) was 14.79%.
The company’s return on invested capital (ROCE) in fiscal 2022 was 17.39%, and in fiscal 2023 it was 21.94%. The company’s average return on invested capital (ROCE) over three years is 19.98%.
As of September 2023, the promoters of the company hold 66.97%, while the public holds 33.01%.
Here’s a list of other chemical stocks that don’t have debt:
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conclusion
This concludes the article “Best Debt Free Chemical Stocks in India”. To give you a quick overview, we’ve learned about five stocks operating in the chemicals industry. This article gave an overview of the company, its existence, operations and key indicators. Please leave your thoughts in the comments section below.
Written by Nishanth P
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