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Omkar Speciality Chemicals Limited manufactures and sells specialty chemicals and intermediates for chemical and allied industries. It offers inorganic intermediates, including molybdenum, selenium, iodine, cobalt, bismuth, and tungsten derivatives; organic intermediates comprising tartaric acid derivatives; and organo inorganic intermediates, such as iodobenzene, diacetate, dess martin periodinane, and vanadyl sulphate. The company’s products have applications in various industries, such as pharmaceutical, chemical, glass, cosmetics, ceramic pigments, and cattle and poultry feeds industries. It exports its products to Europe, Canada, Asia, South America, and Australia. The company was founded in 2005 and is based in Thane, India.
Strengths
The company has a diverse product range comprising a mix of organic, inorganic and organo inorganic intermediates comprising more than 90 products in these segments. The implementation of the proposed expansion will enable it to increase its product range further. The manufacturing infrastructure helps it change its product mix in response to changes in market demand.
Its OPM has continuously improved from 11.9% in FY 2006 to 19.8% for half year ended September 2010.
Weaknesses
Iodine and selenium derivatives alone contributed a major 88.23% of its gross sales for FY 2010. Decline in utility or development of some other alternatives could hurt the company significantly.
Valuation
At the lower price band of Rs 95 per equity share of Rs 10 face value, the P/E works out to 18.5 times the annualized EPS of Rs 5.1 (on post-IPO equity) for the half year ended September 2010. At the upper band of Rs 98, P/E works out to 19.1 times. There is no listed company in India with a similar product profile. However, the company can be broadly classified as Specialty Chemicals-Medium/Small company. This group is presently trading at a PE of around 8.5 on the basis of trailing 12 months.
**Click Here ** to see Grey / Gray Market Premium for Indian IPO/ FPO **Click Here **
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Omkar Speciality Chemicals Limited manufactures and sells specialty chemicals and intermediates for chemical and allied industries. It offers inorganic intermediates, including molybdenum, selenium, iodine, cobalt, bismuth, and tungsten derivatives; organic intermediates comprising tartaric acid derivatives; and organo inorganic intermediates, such as iodobenzene, diacetate, dess martin periodinane, and vanadyl sulphate. The company’s products have applications in various industries, such as pharmaceutical, chemical, glass, cosmetics, ceramic pigments, and cattle and poultry feeds industries. It exports its products to Europe, Canada, Asia, South America, and Australia. The company was founded in 2005 and is based in Thane, India.
Strengths
The company has a diverse product range comprising a mix of organic, inorganic and organo inorganic intermediates comprising more than 90 products in these segments. The implementation of the proposed expansion will enable it to increase its product range further. The manufacturing infrastructure helps it change its product mix in response to changes in market demand.
Its OPM has continuously improved from 11.9% in FY 2006 to 19.8% for half year ended September 2010.
Weaknesses
Iodine and selenium derivatives alone contributed a major 88.23% of its gross sales for FY 2010. Decline in utility or development of some other alternatives could hurt the company significantly.
Valuation
At the lower price band of Rs 95 per equity share of Rs 10 face value, the P/E works out to 18.5 times the annualized EPS of Rs 5.1 (on post-IPO equity) for the half year ended September 2010. At the upper band of Rs 98, P/E works out to 19.1 times. There is no listed company in India with a similar product profile. However, the company can be broadly classified as Specialty Chemicals-Medium/Small company. This group is presently trading at a PE of around 8.5 on the basis of trailing 12 months.
**Click Here ** to see Grey / Gray Market Premium for Indian IPO/ FPO **Click Here **
KEY EXECUTIVES
Mr. Pravin S. Herlekar
Chairman
Age: 60
Mr. Ratanlal Ranasaria
Chief Financial Officer
Age: 50
Mr. Omkar P. Herlekar
Whole Time Director
Age: 29
Mr. Shivdas R. Herlekar
Executive Director
Age: 86
Mrs. Anjali P. Herlekar
Executive Director
Age: 50
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