Galaxy Surfactants is a market leader in oleo chemical-based surfactants, which is used in personal and home care products including skin care, oral care, hair care, cosmetics, toiletries and detergent products.
Investment Rationale
According to the brokerage, the company has been increasing its share of high margin specialty care products in its portfolio which now accounts for 40 per cent of its revenues while the balance is accounted for by the performance surfactant business.
Financials
For the quarter ended March 31, 2020, the company reported consolidated sales of Rs 656.65 crore, up 4.91 per cent from last quarter sales of Rs 625.89 crore and down -3.72 per cent from last year's same quarter sales of Rs 682.00 crore. The company reported net profit after tax of Rs 62.80 crore in the latest quarter.
Promoter/FII Holdings
Promoters held 70.93 per cent stake in the company as of March 31, 2020, while FIIs held 3.25 per cent, DIIs 13.19 and public and others 12.2 per cent.
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