Authors Mouzam
Thanks for your question & @soicfinance for retweet and greater reach.
Here is an interesting industry level🧵
♻️Retweet if you liked it https://t.co/j23ogmdc3S

There would be multiple winners right... How about comparison with other players... Other than Apollo... What makes it different and give some sort of edge over others... I mean does it have what it takes to be no 2 maybe... Ashirvad is pretty dominant too and its not listed
— Harinder S Nanda (@harindersnanda) July 23, 2021
I will try to avoid redundancy from my earlier post in this thread. So, you may want to take a look at this one as
The industry itself is growing at double digit CAGR. Great proxy to Real estate/Infra spending.
— Mouzam (@mmali09) July 23, 2021
Attached some of my notes and observations from earlier FY21 concalls. (kindly also read latest filings)
Another great blog from #SOIC#PrincePipes #CPVC https://t.co/VnnsimpCOE pic.twitter.com/DF3gpcUXSe
1. Wide Manufacturing Base effect
Prince has a strong & growing manufacturing plants presence in the country which leads to one of the lowest freight cost in the industry. Finolex has the lowest cost most likely because of their backward integration into PVC resin.

2 Distribution Network: Prince has highest no. of Dist. and Dealers among its peers.

3. Continuing on the high distributors reach, the industry has never seen such a surge in the PVC prices which has led to industry consolidation with organized players gaining market share. And the player with greater reach/product availability is likely benefit more.

Its an extremely informative AR with broad industry & segment wise overview. MUST READ
Lot of moving parts but looks very optimistic & strong growth outlook.
https://t.co/MxuTZDUfFT

https://t.co/ejcXEAQTHH
#JubilantIngrevia Planned Capex of Rs. 900 Cr. in next 3 yrs.
— Mouzam (@mmali09) March 30, 2021
Entry into Diketene derivatives -game changer.
- Import substitution opp. (40% is imported)
- used in Pharma & Agro Chem
- currently at 50% discount to competitor in India
- one of the leading Int. supplier Exit https://t.co/etPtndC1xN pic.twitter.com/WRQUFXHAtR
https://t.co/7YanRjNE8i
#JubilantIngrevia
— Mouzam (@mmali09) June 24, 2021
\U0001f44cAcquisition of 385,100 equity shares worth Rs 21.36 Cr by the promoter group.
Promoter buying is a Big Positive\U0001f3af
Shows that he is confident about its prospects and believes that investing in the company is better than putting money somewhere else.\U0001f4aa\U0001f4c8 https://t.co/vNYcSr3RgV pic.twitter.com/0WnXGN0UYZ
https://t.co/IW0GRBXi7h
#JUBLINGREA
— Mouzam (@mmali09) July 20, 2021
Super Result\U0001f680QoQ/YoY
Despite covid issues
YoY
Rev 1145Cr vs 737cr (+55%)
EBTDA 25% vs 17%
PAT 168cr vs 53cr (+220%)
EPS 10.6 vs 3.3
\U0001f525All 3 engines
\U0001f9eaInteresting Key CAPEX:
- Dietene on schedule
- CDMO GMP - new
- 2 Multipurpose Spl. Chemical plants new https://t.co/vNYcSr3RgV pic.twitter.com/0rcmB1YMfM
https://t.co/GqcV0GbaLD
Bio-Acetaldehyde - Bio based \U0001f9ec, World\u2019s largest manufacturer from \U0001f1ee\U0001f1f3
— Punit (@punitbansal14) July 28, 2021
Image 1: Benefit in carbon footprint as compared to the conventional petroleum route
Image 2: Bio-Acetaldehyde business overview pic.twitter.com/7M2Eqz5maS