A high manufacturing capacity in petrochemical companies is crucial for meeting growing global demand and achieving economies of scale, which reduces costs and boosts profitability. It enables companies to gain market share and adapt quickly to shifts in the industry.
Here are a few Petrochemical Stocks with high manufacturing capacity :
Panama Petrochem Ltd
With a market capitalization of Rs.2,274 crore, Panama Petrochem Ltd.’s share opened at Rs.381.15 per share on Thursday, falling 0.3 percent from its previous closing price.
For the fiscal year 2024 (FY24), Panama Petrochem Ltd reported a total installed manufacturing capacity of 215,000 metric tons per annum (MTPA), spread across four plants in Ankleshwar (Gujarat), Daman (Union Territory), Taloja (Maharashtra), and Dahej (Gujarat).
Additionally, its subsidiary, Panol Industries, operates a facility in Ras Al Khaimah, UAE, contributing an extra 30,000 MTPA to the overall capacity.
According to its latest financial update, Panama Petrochem reported net sales of Rs.671 crore for Q1 FY25, up 27 percent year-over-year growth. Net profit for the quarter reached Rs.50 crore, up 9 percent over the same period.
Styrenix Performance Materials Ltd
With a market capitalization of Rs.4,357 crore, Styrenix Performance Materials Ltd.’s share opened at Rs.2,627.00 per share on Thursday, rising 3 percent from its previous closing price.
As of March 2024, Styrenix Performance Materials Ltd has an installed capacity of 85,000 metric tons per annum (MTPA) for Acrylonitrile Butadiene Styrene (ABS) and 66,000 MTPA for Polystyrene (PS).
The company is planning major expansions, targeting an ABS capacity increase to 105,000 MTPA within a year and to 210,000 MTPA by FY28. For PS, capacity is set to grow to 105,000 MTPA in the near term and reach 150,000 MTPA by FY27. These expansions align with Styrenix’s strategy to meet rising market demand.
According to its latest financial update, Styrenix Performance Materials reported net sales of Rs.653 crore for Q2 FY25, up 10 percent year-over-year growth. Net profit for the quarter reached Rs.70 crore, up 25 percent over the same period.
With a market capitalization of Rs.645 crore, the share of Goa Carbon Ltd opened at Rs.740.85 per share on Thursday, rising 0.4 percent from its previous closing price.
Goa Carbon Ltd has a total manufacturing capacity of 240,000 metric tons per annum (MTPA) for Calcined Petroleum Coke (CPC), distributed across three plants: 100,000 MTPA
at its Goa facility, 168,000 MTPA at its Paradeep plant in Odisha, and 40,000 MTPA at the Bilaspur plant in Chhattisgarh.
As India’s second-largest CPC producer, the company continues to explore growth and expansion opportunities to meet rising market demand, though specific capacity projections have not been disclosed.
Written by – Siddesh S Raskar
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