Second quarter FY22 revenues of #LaxmiOrganics are likely to be muted or subdued cause of floods and pricing pressure but now prices have flattened out and is in upward trend.
Q1 revenues of FY 22 are already 42% of total revenues of FY21.
Q1 revenues of FY 22 are already 42% of total revenues of FY21.
Going forward in speciality unit of #laxmiOrganics there will be investment of around 250 crores and as this capex comes alive there will be jump in revenues and profitability.
Also fluorochemicals business for third vertical will come alive in last quarter of FY22 which is a 270 crores investment.
Products manufactured by Miteni are completely different from those manufactured by SRF and Navin Flourine n there is no single product overlapping and all three companies have unique space so no competition at all but Laxmi organic is new kid on the block.
Addressable market size Miteni catering to is 4 billion dollars. Miteni is small outfit based in Italy and strapped with various high cost.
#Laxmiorganic is looking to give them the power of India and give them the cost advantage of India but keeping the technology base European and that's their hypothesis getting into this business where margins are around 25 to 26%.
Strong buy #laxmiOrganics for next 2 yrs
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