ECONOMY

Fineotex Chemical On A Strong Footing: Prabhudas Lilladher  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

In our interaction with Fineotex Chemicals Ltd. the management indicated that –

1. rising preference among companies to diversify supplies beyond China, augurs well for Indian textiles players and Fineotex and

2. increased demand for chemical treatments like water and oil repellant properties, anti-microbial properties etc. along with tailored solutions to textile majors also bode well for its growth plans in domestic and export markets.

Capacity expansion will be commissioned by Q1 FY22 which management expects can potentially double revenues by FY24.

Margins are likely to improve as the company targets higher wallet share among customers.

Click on the attachment to read the full report:

Prabhudas Lilladher Fineotex Management Meet Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button