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Vinati Organics: Megatrends Justified at 40x? - Views on News from Equitymaster
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Vinati Organics: Megatrends Justified at 40x?
Jul 25, 2017

Vinati Organics touched all time high today and is up by 109%* since our recommendation in April 2015.

In CY2017, the company witnessed a massive PE expansion from around 22x to 40x as per today's closing price.

What led to such massive PE expansion? Where do we go from here?

Vinati Organics announced major capex plans in 2QFY17. The capex plan includes:

Project Capex (In Rs)
Para Aminophenol (PAP) 5 billion
Butylated Phenols 1.5-2 billion
New IB derivatives (PTBT, PTBBA and TB-Amine) 2 billion

With the above capex plan, Vinati is venturing into new products which would help the company to reduce revenue concentration from existing products such as IBB and ATBS.

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Aug 17, 2017 (Close)

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