130 likes | 146 Views
As Crude Oil has been in focus lately with prices of Brent Crude Oil Futures fluctuating, the world is paying special attention to oil, petroleum, and petroleum products. Companies related to petroleum and petroleum products are currently in focus. Thus, this would be an excellent opportunity to take trades in the stocks of these companies.
E N D
As Crude Oil has been in focus lately with prices of Brent Crude Oil Futures fluctuating, the worldispayingspecialattentiontooil,petroleum, and petroleum products.Companies relatedtopetroleumandpetroleum productsare currentlyinfocus.Thus,thiswouldbe anexcellentopportunity totaketradesinthestocksofthesecompanies.Thisrequires abasic understanding of the current scenario of crude oil and some background on what the company does so we can take positions based on oil price movements.Inthis blog,wewillbe discussingthetoppetrochemicalstocks in India. The Organization of Petroleum Exporting Countries projected robust increaseincrudeoildemand for2023 intheirMonthlyOilMarketReport. TheInternationalEnergyAgencyalsomentionedthat theyexpectcrude oildemandtorisenextyear.Thesepositivedemandoutlooksbodewell for petrochemicalstocksandmightleadtohigherrevenuesfor the companiesandbetterearningsper share for shareholders.
Indiaimports crudeoilforitsrequirements andmost ofitiscurrently imported from Russia. Due to the recent price cap set on Russian oil by the G7 countries and due to European Union’s ban on Russian oil, India has been buyingthisoilatmoreaffordableprices.Ascrude oilbecomesmore affordable, the input costs for petrochemical stockswill decrease, pulling up their profitmargins. TopPetrochemicalStocksinIndia Let us look at the list of best petrochemical stocks to help us decide which ones are goodinvestment opportunities.We willmake our decisionbasedon financialratios since weuseFundamentalAnalysisforlong-term investment decisions. Netprofitmargin,3years CAGRnet profit,returnonequity,debttoequity ratio, earnings pershare,price toearnings ratio,dividendpershare,promoter’s shareholding,marketcapitalization,andchangeinrevenueandnet profitare
thefundamentalanalysisparameterswewilltakeintoconsiderationtoselect bestcementstocksfor longterminvestments. CastrolIndiaLtd.
CastrolIndia Ltdisoneofthebestpetrochemicalstocksforlongterm. It is a subsidiary of Castrol Ltd. The company manufactures and markets automotiveandindustriallubricants.Itservestheautomotive, industrial,marine,andoilandgasindustries. Castrol Indiahasamarketcapitalizationof₹12,794.30Cr andaP/E Ratioof 15.79. TheDividendyieldis4.25%andthe0Promoter’s shareholdingis 51%.Thecompany’s revenueincreasedby 9.67%and netprofitdecreased9.22%intheJulytoSeptember2022quarter. SupremePetrochem Supreme Petrochem Ltdis a small cap company that manufactures and sells specialty polymers, polystyrene, extruded polystyrene foam boards, etc. in India and internationally. It provides general purpose, highimpact, andexpandablepolystyreneproducts.
SupremePetrochemhasamarketcapitalizationof₹7103.26Cr anda P/ERatioof11.12. The Dividendyieldis0.95%andthePromoter’s shareholding is 64.14%.Thecompany’srevenuefellby 16.9%andnet profitdropped68.78%intheJulytoSeptember2022 quarter. SavitaOilTechnologies Savita Oil Technologies Ltd. was formerly known as Savita Chemicals Ltd.It manufacturesand markets petroleumproducts suchas lubricatingoils,white oil,petrolatum, petroleumjellies,transformer oils,liquidparaffin, etc.Italsomanufactureswaxandderivativesofwax. Savita OilTechnologies has amarketcapitalizationof₹2180.12Cranda P/ERatioof7.73.TheDividendyieldis1.58% andthePromoter’s shareholding is71.81%.The company’srevenuedroppedby nearly 4% andnetprofitfell 22.99%inthe JulytoSeptember2022quarter.
GulfOilLubricantsIndia Gulf OilLubricants India Ltd manufactures lubricants forautomobiles andindustrialsectors.Theymanufactureengineoil,gearoils,greases, thermicfluids,slidewayoils,marinelubricants,turbineoils,hydraulic oils, etc,ItprimarilyexportsitsproductstoBangladesh, Indonesia, Qatar,Africa, andSingapore.The companywasformerlycalledHinduja Infrastructure Limited. GulfOilLubricants Indiahasamarketcapitalizationof₹2228.32 Cr anda P/ERatioof9.71.TheDividendyieldis1.10%andthePromoter’s shareholding is72.02%.The company’s revenueincreasedbyalmost2% andnetprofitslipped5.45%intheJulytoSeptember2022quarter. PanamaPetrochem Panama PetrochemLtd. manufactures specialty petroleum products includingparaffinoil,petroleumjellies,industrialoils,transformeroils,
etc.It provides itsproducts toindustriesliketextile,pharmaceuticals, power, printing, rubber,etc. Panama Petrochemhasamarketcapitalizationof ₹2185.94 Cranda P/ERatioof 9.02.TheDividendyieldis0.18%andthePromoter’s shareholding is 70.36%.Thecompany’s revenuegained11.25%andnet profitrose by 4.69%intheJulytoSeptember2022 quarter. TideWater OilCo (India) TideWater OilCo(India)operatedprimarilyundertheVeedol brand. It manufactures, engine oils, greases, transmission oils, brake oils, coolants, and other vehicle care products. It also manufactures specialty industrial lubricants, thermic fluids, etc. The company also generateswindpower.
Tide WaterOil Co(India)hasa marketcapitalization of₹1811.83Cr andaP/ERatioof 14.83.TheDividendyieldis5.29%andthe Promoter’s shareholdingis 57.28%.Thecompany’s revenueinchedup by2.28%andnet profitplummeted38.71%intheJulytoSeptember 2022quarter. BhansaliEnggPolymers BhansaliEnggPolymers focuses mainly ontheproductionofresins whicharehighlyspecializedengineering thermoplastics. Itsproducts are usedforelectricapplications,automotivesector,construction, packaging,healthcaresector,etc. BhansaliEngg Polymers hasa marketcapitalizationof₹1844.87Cr and a P/ERatioof 7.75.TheDividendyieldis2.70%andthePromoter’s shareholding is56.64%.Thecompany’s revenuesawanincreaseof
6.23%andnetprofitdropped12.77%intheJulytoSeptember2022 quarter. DCW DCWoperatesmajorly in thePVC(polyvinylchloride)andsynthetic rutilesegment.Itspecializesinspecialty chemicals, andcommodity chemicals.Theirproducts areusedasingredients formanufacturingof detergents,pharmaceuticals,fertilizers,pigments,etc. DCWhasamarketcapitalization of₹1477.25 Cr andaP/ERatioof 8.08.TheDividendyieldis0.08%andthePromoter’sshareholding is 44.85%. The company’s revenue dropped by 9.24% and net profit decreased15.52%intheJulyto September2022 quarter.
INEOSStyrolution INEOS Styrolution focuses on manufacturing of engineering and Polystyrene thermoplastics, operating in the Specialties segments. It produces resins and polymers that are used in consumer durables,officeequipment,lightings, refrigerators,cosmeticjars, foodpackaging products,automobileinteriors&exteriors,etc. INEOS Styrolutionhasamarketcapitalizationof₹1448.70Cr anda P/ERatioof 5.64.TheDividendyieldis36.05%andthePromoter’s shareholding is 61.19%. The company’s revenue fell by 15.41% and net profitplunged73.26%intheJulytoSeptember2022 quarter. ManaliPetrochemicals Manali Petrochemicals produces petrochemical products used in adhesives,automobiles,refrigeration,furniture,coating, sealants, textile industries, etc. Some of its products also find use in thepharma, fragrance, andfoodindustries.
ManaliPetrochemicalshasamarketcapitalizationof₹1423.29CrandaP/E Ratioof4.89.TheDividendyieldis 3.02%andthePromoter’sshareholding is 44.86%. The company’s revenue slid 12.04% and net profit fell plummeted 69.44%intheJulytoSeptember2022 quarter. Above, we have summarized information regarding some of the best petrochemicalstocksinIndia.Investinginpetrochemicalstocksthat arecurrently infocus willsurely leadto goodreturns onyour investment.
Read more aboutanyinformationto visit www.kundkundtc.com