Stock engaged in the business of dealing with colors, agrochemicals and specialty chemicals, raw materials, chemical intermediates, and many more hits 5 percent upper circuit in the day’s trade upon receiving LOI from Reliance Industries for recycling services.
Price Action
With a market capitalization of Rs. 102 Crores, the shares of Kemistar Corporation Limited hit a 5 percent upper circuit at Rs. 95.02 per equity share, from its previous day’s close price of Rs. 90.50. It has delivered a return of 135 percent in a year.
What Happened
Kemistar Corporation Limited has received a letter of intent from Reliance Industries Limited where it has agreed to supply Used/Waste Solar Panel and E-waste to K P International Private Limited, a Wholly owned subsidiary of the Company for further recycling process as agreed commercial terms from time to time.
About the Company
Kemistar Corporation Limited is engaged in the business of dealing Colors, Agro Chemicals and Specialty Chemicals, raw materials, and chemical intermediates like PNTOSA, DNSDA, DASDA, and allied products.
It is dealing in 50+ variants of chemical products catering to various industries like Paints, Printing Ink, Textile, Plastic, Rubber, Crayons, Leather, Ceramic, Cement and many others.
Financials and Ratios
Its revenue from operations grew by 23 percent from Rs. 3.07 Crores in Q2FY24 to Rs. 3.77 Crores in Q2FY25, accompanied by profits of Rs. 13 Lakhs in both years.
In terms of Return ratios, it has reported a return on equity (ROE) of 3.25 percent, and a Return on capital employed (ROCE) of 4.69 percent. It has reported a debt-to-equity ratio of 0.47
Written by: Bharath K.S
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