Chemical stock surged by 3% following the board’s approval of expanding the capacity of its new fertilizer unit
Chemical stock surged: The shares of the chemical product manufacturer surged by up to 3 percent following the approval from the company’s board to expand the production capacity at its new fertilizers unit.
Kesar Petroproducts Ltd, with a market capitalization of Rs 272.72 crore, saw its shares trading at Rs 28.21 per share, a decrease of around 2.39 percent compared to the previous closing price of Rs 28.90 per share.
The rise in shares can be attributed to the recent approval by Kesar Petroproducts Ltd.’s board of directors to begin water trials at its new fertilizers unit in Ratnagiri, Maharashtra. The proposed capacity addition is 6,000 MT per year, with an investment of ₹15 crore, funded through loans and internal accruals.
Furthermore, the company aims to increase the monthly production of Copper Phthalocyanine Blue Crude to 900 tons, Alpha Blue to 200 tons, and Beta Blue to 300 tons with this capacity enhancement. These colorants play a vital role in various industries such as printing inks, paints, plastics, ceramics, and cosmetics.
In terms of financial performance, the company’s revenue surged by 58 percent from Rs 30.90 crore in Q2FY24 to Rs 48.72 crore in Q2FY25. However, net profit saw a significant increase of 648 percent from Rs 0.39 crore to Rs 2.92 crore during the same period.
Product Profile:
Our company specializes in a variety of high-quality pigments, including CPC Crude Blue, Alpha Blue, Beta Blue, and Pigment Green 7. In addition, we manufacture naphthalene intermediates such as Sulphonated Naphthalene, Nitro Naphthalene, and Amino Naphthalene, catering to a wide range of industrial applications.
Manufacturing Capacity:
With a production capacity of approximately 1500 MTPM for Copper Phthalocyanine Blue Crude, 200 MTPM for Alpha Blue, and 50 MTPM for Pigment Green 7, we ensure a robust output to efficiently meet the demands of various industries.
Company Profile:
Kesar Petroproducts Limited, based in India, specializes in the manufacturing of Phthalocyanine Blue Crude and its downstream products. Our main products include Petroproducts and Chemicals, providing high-quality solutions for industrial needs.
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