Clean Science & Technology Limited: Value Pick Stock August 2022, Update
Update
“Q2 FY 2022-23 Numbers”
Clean Science and Technology Ltd – one of the leading chemical manufacturers globally has presented its Q2 FY22-23 numbers today –
On a consolidated basis the Revenue from the operations of the company stood at INR 247.51 Cr for the period ended 30 September 2022, UP 5.77% Q-O-Q basis (INR 234 Cr as on 30 June 2022) and UP 61.77% Y-O-Y basis (INR 153.16 Cr as on 30 September 2021)
For the quarter ended 30 September 2022 the Expenses of the company stood at INR 158 Cr v/s INR 151 Cr for the previous quarter.
The Company has generated PAT of INR 67.95 Cr for the period ended 30 September 2022 as compared to INR 62.90 for the previous quarter (UP 8% Q-O-Q basis) and INR 53.53 Cr a period one year ago (UP 27% Y-O-Y basis)
EPS of the company stood at INR 6.40 v/s 5.92
Clean Science – Daily Chart
Also Read: Krishna Institute of Medical Sciences – Value Pick Stock OCTOBER 2022
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
8 August 2022
Clean Science & Technology Limited is a fine chemical and specialty chemical manufacturing company, with innovative chemical processes developed in-house.
Clean Science and Technology: History
Clean Science and Technology was established in the year 2003 as a family-owned business, and over 15 years of incorporation, the company has grown to become the largest manufacturer of certain chemicals globally.
The Company got listed (both on the NSE and BSE) on July 19, 2021, where the IPO size of the company was INR 1546 Cr of which the entire issue was an OFS (Offer for sale).
Must Read: Nifty prediction for August 2022
Clean Science and Technology: Business & Products
The Company is in the business of manufacturing critical specialty chemicals such as –
PERFORMANCE CHEMICALS which has 4 key products, namely
- MEHQ (Monomethyl ether of hydroquinone)
- BHA (Butylated Hydroxy Anisole)
- TBHQ (Tertiary Butyl Hydroquinone)
- AP (L-Ascorbyl Palmitate)
This segment contributes 70% to the company’s total revenue
PHARMACEUTICAL & AGRO INTERMEDIATES which has 3 key products, namely
- Guaiacol
- PBQ (Para Benzoquinone)
- DCC (Dicyclohexyl Carbodiimide)
This segment contributes 17% to the company’s total revenue
FMCG CHEMICALS which 2 key products, namely
- 4-MAP (4-Methoxy Acetophenone)
- Anisole
This segment contributes 13% to the company’s total revenue
Read more about the clean science and technology products list
Leading Manufacturer of Green Chemistry
Green chemistry is an evolving focus among manufacturing businesses that minimizes pollution at a molecular level.
Clean Science and Technology works on developing sustainable and eco-friendly manufacturing processes of fine and specialty chemicals and is one of the global leaders in its key products including (1) monomethyl ether of hydroquinone, (2) butylated hydroxyanisole, (3) anisole, and (4) MAP, besides in other key products including DDC and guaiacol.
Manufacturing Plants
The Company has three manufacturing facilities in Kurkumbh, MIDC (Maharashtra, India) that are automated to maintain high levels of accuracy and efficiency (each unit has a separate R&D facility, warehouse, engineering, and utility section)
Clean Science: Global Presence
Clean Science and Technology has clients from China, Europe, Japan, Korea, Taiwan, and the USA which makes it a truly global organization.
The company also supplies its products to manufacturers and distributors in India and Bayer AG, Genex Laboratories Limited, Nutriad International NV, SRF Limited, and Vinati Organics are some of its few valuable clients.
Listed On:
The share of Clean Science & Technology Ltd is presently listed on the Bombay Stock Exchange (BSE); CODE 543318 and National Stock Exchange (NSE) as CLEAN
Stock Info: Clean Science & Technology
Share Holding Pattern
Financials
Conclusion
Clean Science and Technology Ltd is one of the prominent chemical manufacturers worldwide.
Promoters of the company are having more than 78% stake with 0% pledge shares.
Along with this, some of the top institutions like Nomura India Investment Fund Mother Fund, Axis Mutual Fund Trustee Limited, and Anantroop Financial Advisory Services Private Limited is having more than a 1% stake in the company (as of June 2022).
Clean Science consolidated numbers for June 2022 are Net Sales at INR 234 Cr (UP 60% Y-O-Y and 14.4% Q-O-Q) while Net Profit at INR 62.90 Cr in June 2022 (UP 15.18% Y-O-Y and 0.8% Q-O-Q)
In FY22, the company incurred INR 140 Cr of capacity expansion towards all three units (all capacity expansion was funded through internal accruals) which help clean science going forward.
On the technical front, the clean science and technology share is trading near its 20 EMA (1645) and 50 EMA (1656) on the daily chart.
Keeping the above-listed factors in mind, Clean Science looks good at INR 1625. Finblab recommends investing in the stock in a staggered manner for the medium to the long haul (3 to 5 years period).
Disc: Finblab (vishal dalwadi) is holding Clean Science in his long-term portfolio.
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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
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