Top specialty chemical stocks that jumped over 200% in 1 year

Specialty chemicals have been in focus for some time now due to the increasing demand for their products and services. These companies have seen a big improvement in terms of earnings in the last one year.

This has led to a spectacular rise in their stock prices on the back of future growth potential and strong earnings. Some firms have tripled their stock price in just 1 year.

Kotak Institutional Equities said in a recent report, “Indian specialty chemicals companies to ride tailwind from macro drivers including ‘China+1’, import-substitution, rising costs within China (capital, operating, compliance) and currency gains.” are ready.” It also began coverage on the specialty chemicals sector on visibility of field opportunities over the next decade.

“We expect India’s chemicals sector to grow and gain market share in global chemicals over the next decade,” the report said. Global chemicals is currently a large market dominated by China and with a CAGR of 5-6 per cent. expected to grow.”

specialty chemicals stock Not only has high future growth potential but also has performed very well in the past. Let’s take a look at 5 special chemical stocks that have gained over 200 per cent in the last one year.

Balaji Amines – 450 percent

This Specialty Chemicals Stock Is Up 450 Percent Over The Last 1 Year ₹816 October 2020 to ₹Currently 4,488. Its market cap is ₹14,525 crores and the 52-week limit ₹800 more ₹5,223. Established in 1988, Balaji Amines is one of the leading manufacturers of Aliphatic Amines in India. It manufactures methylamine, ethylamine, derivatives of specialty chemicals and pharma excipients. In Q1 FY22, the company registered a growth of 208.39 per cent (YoY) in its net profit ₹97.39 crore and a jump of 101.59% (YoY) in its total revenue from operations ₹451.94 crores.

Gujarat Fluorochemicals – 348 percent

This specialty chemicals stock grew by 348 percent in the last 1 year ₹484 to in October 2020 ₹Currently 2,167. The market cap of the stock is ₹23,805 crore and the 52-week limit ₹442 more ₹2,205. Incorporated in 1987 and headquartered in Noida, the firm has over 3 decades of expertise in Fluorine Chemistry. It was earlier known as INOX Fluorochemicals Limited and was renamed as Gujarat Fluorochemicals Limited in July 2019.

It manufactures and trades refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE), fluoropolymers, fluoro monomers, specialty fluoro intermediates and other specialty chemicals. Firm’s revenue up 63 percent in June 2021 quarter ₹912 crore and net income increased by ₹69.8 Cr (in Q1FY21) to ₹154 crore (Q1FY22).

Deepak Nitrite – 298 percent

This particular chemical stock grew by 298 percent in the last 1 year ₹716 to in October 2020 ₹Currently 2,851. The market cap of the stock is ₹38,880 cr and 52-week range ₹702 and ₹2,989.95. Deepak Nitrite Limited is a chemical manufacturing company. The company’s segments include Bulk Chemicals & Commodities (BCC), Fine and Specialty Chemicals (FSC), and Fluorescent Whitening Agents (FWA). It caters to several industries, such as colorants, petrochemicals, agrochemicals, rubber, pharmaceuticals, paper, textiles and detergents. In the June quarter, the firm’s revenue grew by over 100 percent ₹674 Cr (in Q1FY21) to ₹1526 crores in Q1 FY22. jump in net income ₹98.9 Cr to ₹303 crores.

Privy Specialty Chemicals – 258 percent

This Specialty Chemicals Stock Is Up 258 Percent Over The Last 1 Year ₹527 October 2020 to ₹1,891 at present. The market cap of the stock is ₹7,374 cr and 52-week range ₹501 more ₹2,070. Formerly called Fairchem Specialty Limited, the company is one of India’s leading Wholesale Manufacturers, Suppliers and Exporters of Fragrance Chemicals. It manufactures products such as linoleic acid, dimer acid and monomer acid, natural compound tocopherol concentrates and concentrated sterols. For the three months ended 30 June 2021, its revenue grew 15 percent (year-on-year) ₹332 crore and net income up 38 percent ₹29.2 crores.

alkyl amines – 223 percent

This specialty chemicals stock rose 223 percent in the past 1 year ₹1,228 to in October 2020 ₹Currently 3,970. The market cap of the stock is ₹20,280 cr and 52-week range ₹1,138 more ₹4,749. Started in 1979, the company manufactures amines, amine derivatives, specialty chemicals. It caters to industries like pharmaceutical, agrochemical, rubber chemicals, paints and dyes, and water treatment industries. For the three months ended 30 June 2021, the firm’s revenue grew by 60 per cent. ₹392 crores indicating an increase in the demand for the company’s products. Its net income increased by 49 percent (YoY) ₹78.5 crore in Q1 FY22