Meyyappan PL Profile picture
Equity Investor , Who loves investing . No Buy & Sell recommendations.

Mar 24, 2021, 10 tweets

I believe this company has more potential to become lifescience global major...this is original vam organics.. from which the entire group fortune rises from pharmova to food. Now focused separate company. Avaliable at 10× ebita ,1.4× sales. # ingrevia

Jubilant ingrevia is unique company
World's largest produces vitamin B, pyiridines , acetic anhydride, india's largest produces of ethyl acetate, pharma grade ethanol. It's unique KSM company with out any actual peers. It's 40 year old company with great management

High entry barriers with patent and economy of scale... Chemistry is the real asset of Jubilant Ingrevia.
A focused separate management and free cash flow to reinvest in the same business..is a dream combination... last decade Ingrevia literally powered pharmova( acquisition)

Jubilant Ingrevia formed as subsidiary for crop protection. It's worlds largest producer of pharma grade pyridine. Pyridine is used as main raw materials for herbicides. It's a forward integration. Last forward integration into API created pharmova #jubilantingrevia

Jubilant Ingrevia. Great results after demerger. Q4 Sales 1078 cr ebita 203 cr. Debt reduction, with more capacity utilization, economy of scale will result in increase in margins and new investments will make it india's pioneer Key Starting Material (KSM) of API and agro chem

Jubilant ingrevia. Another excellent results Q1 sales 1145cr EBITA 287cr
PAT 168cr . Debt reduction. 360 cr Capex ongoing to be commissioned in next 2 quarters.
New speciality CDMO on stream
Only KSM company available at less than 8 times EBITA #JUBLINGREA

One of the main raw materials ingrevia depends on Acedic acid for life science business
(It's largest user of acedic acid in india)
It's price fluctuate.
They are doing Capex for food grade acedic acid
which will it complete control and better margin even

Diketene Q3 2021

Complexity and chemistry behind ingrevia's speciality Cdmo is well explained in the slides.
World leader in ksm both in agro and pharma in acetyl value chain
#jubilantingrevia

Future 3 year plans
Diketene ( this fiscal)
Forward integration into crop protection
Forward integration into nutrition premix.
CDMO expansion ,
In three years ingrevia will be a behemoth in Key Starting Material (KSM)
#jubilant

World's largest producer of Vitamin B3( niacinamide)
India's largest producer of Vitamin B4(choline chloride)
New launches in herbal and vitamin&mineral premix category

Nutrition division of #jubilantingrevia

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