Is Galaxy Surfactants set for a comeback? ft. Mr. Rohit Nagraj (Centrum Broking Ltd.)

"management is now confident that we will be able to again come back to the historical volume growth guidance of about 6 to 8 per cent volume growth"

"e-bedda per tonne they have also given guidance for next year it will be in the average range of 20500 to 21500"

"every single year they believe 4 to 5 percent increase in Bidda per tonne again fueled by two factors your inflation adjusted plus that in your specialty care products you are getting into more high margin high value products"

"our growth will always be in the range of 6 to 8 percent. The volume growth because they are a direct proxy to FMCG companies and FMCG companies will not be growing beyond 45 percent."

"The logic behind 6 to 8 percent volume growth is the innovative products that they are introducing and They are also gaining market share from the income brackets"

"Rs 150 crore per year capex is relatively good enough to take care of that 6 to 8 per cent volume growth."

"Meaning you can't go and gain probably 60-70% market share right in the domestic market. They have been successful in gaining market share even from the MNCs."

"I don't think there are any chances of growth beyond 6 to 8%."

"The latest trend in the last five to eight years has been that you go into green surfactants. Because obviously, in terms of sustainability, everyone is now targeting green sub-factors, right from the product stage to the application stage."

"Galaxy has been in the forefront of this innovation, so they already have certain products which are relatively greener in nature."

"your Ro, Ro s will be in the similar range. Now, if the company goes on for any kind of initiative, if it does any acquisition etc., then probably that may give some improvement in it."

"This company is not a very fancy company in terms of growth and margins. They will always have normal growth with a normal set of margins, but it will be continuously growing"

"Given that we are getting FMCG-like growth and stability at the valuation of chemicals"

"the management has been very forthright. As I said, in the example I gave, when your EBITDA (earnings before interest, taxes, depreciation, taxes, depreciation) was at its peak, even then the management had come forward and said that this is now normal, this will get normalized. So, the management has been very vocal and clear about conveying the message. So, from a corporate governance perspective, probably one of the best managements in the industry."

"your financial performance over a period of time. The third thing I'd suggest is that you read their annual report. In the annual report, there's primarily commentary about the company's industry and commentary about the company itself. Because that will give you a lot of understanding about where the company currently stands in terms of business, how the industry is shaping up, and what the company is then looking at from a future perspective."

"In FI 25, you will probably reach the same level of profits as in FI 23."

"Indian market is such that if you do not have growth, then automatically valuations will remain the same. Stock prices will not move."

"from a fair perspective, we will have to track that your volume growth is coming. Your growth again is relatively better than the volume growth."

"Your balance sheet is very strong and cash-rich. Your capex is also moderate, depending on requirements. So, you have a good amount of other income, which is also coming."