The mutual fund industry’s self-regulatory body, Association of Mutual Funds in India (AMFI) publishes an updated list of small-cap, mid-cap, large-cap stock, which happens twice a year.
The large-cap stocks include top 100 companies, mid-cap stock includes from 101st to 250th stock, whereas the small-cap stocks include from 251th stock onwards.
The most recent list was published on January 4 and in that four chemical stocks have been degraded to smallcap from midcap categories.
Navin Fluorine International Limited
With a market cap of Rs. 17,527 crores Navin Fluorine’s share price moved up on Friday by 0.10 percent and opened at Rs. 3,565 on Friday, whereas its previous close of Rs. 3,531.4.
Established in 1967, it is the First Integrated Fluorochemicals Complex in Southeast Asia (excluding Japan) to produce HF, refrigerant gases and a range of inorganic fluorides at Surat in India.
The promoters of Navin Fluorine have been the same since the last three quarters by 28.81 percent, while on the other side, the company is held by 19.2 percent of FIIs and 19.78 percent of DIIs, aggregating to 38.9 percent of institutional holdings.
The company’s revenues from operations grew 42.94 percent from Rs. 1,453.36 crores in FY22 to Rs. 2,077.4 crores in FY23, accompanied by profits of Rs. 263.08 crores in FY22 increasing to Rs. 375.19 crores in FY23.
Aarti Industries Limited
This leading Indian manufacturer of speciality chemicals and pharmaceuticals have a market cap of Rs. 22,607 crores. On Friday, Aarti Industries Ltd. share price went down by 0.56 percent and opened at Rs. 620 and its last traded price was Rs. 616.5.
From an Indian company servicing global markets to a global entity with manufacturing facilities in India, AIL has transformed a lot over the last 10 years.
The company has spent around 2.54 percent of its operating revenues towards interest expenses and 5.82 percent towards employee costs in FY23. The revenues from operations have increased 8.76 percent from Rs. 6,086 crores in FY22 to Rs. 6,619 in FY23. however, the profits decreased by around 57 percent from Rs. 1,186 crores to Rs. 545 crores.
Vinati Organics Limited
Incorporated in 1989, Vinati Organics Ltd. is a leading manufacturer of specialty chemical and organic intermediaries and currently has a market cap of Rs. 17,583 crores.
The share price of Vinati Organics moved up on Friday by 0.52 percent at Rs. 1,720.7 from its previous close of Rs. 1,711.85. The company has become debt-free for the first time in the last 5 years and has spent less than 1 percent of its operating revenues towards interest expenses with 4.47 percent towards employee costs in FY23.
The company has been maintaining a healthy dividend payout of 19.3 percent and the revenues from operations grew by 28.64 percent from 1,616 crores in FY22 to Rs. 2,078 crores in FY23, accompanied by profits of Rs. 458 crores in FY23 increasing from Rs. 347 crores in FY22.
Sumitomo Chemical India Limited
Share price of Sumitomo Chemical went up by 0.16 percent and closed at Rs. 408.25 versus its previous close of Rs. 407.6. Exactly a year back on 12th January in 2023, Sumitomo Chemical hit its 52-week high of Rs. 495.
The company is known for its domestic marketing of proprietary products of its Japanese parent, Sumitomo Chemical Company Limited, in agrochemicals, animal nutrition, and environmental health business segments. It manufactures imports and markets products for crop protection, rodent control, biopesticides, and other related products for use in India.
The company’s net sales grew by 14.69 percent from Rs. 3,061.22 crores to Rs. 3,510.97 crores whereas on the other hand, the profits grew from Rs. 423.55 crores in FY22 to Rs. 502.21 crores in FY23.
With a market cap of Rs. 20,462 crores, the company has delivered good profit growth of 28.3 percent CAGR over the last years and has also reduced its debt and is now almost debt free.
Written by Shivani Singh
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