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Alpha | Chemplast Sanmar Ltd.

Chemplast Sanmar Ltd. – PVC Resin Participant

Chemplast Sanmar Ltd., a part of South India-based Sanmar Group, is among the many main PVC and specialty chemical substances producers in India the place it began operations in 1967 with a deal with specialty paste PVC resin and customized manufacturing of beginning supplies and intermediates for pharmaceutical, agrochemical, and nice chemical substances sectors.

CSL is certainly one of India’s main producers of specialty paste PVC resin on the idea of put in manufacturing capability. Additionally it is the third largest caustic soda producer and the biggest hydrogen peroxide producer in South India.

Pursuant to the CCVL Acquisition, it acquired 100.0% fairness curiosity in CCVL, the second largest suspension PVC resin producer in India and the biggest producer within the South India area.


Robust income development and sustenance of working margins at ~18-20%, supported by higher income variety and elevated contribution from the Customized Manufactured Chemical compounds phase, resulting in larger than anticipated money era. We suggest a BUY ranking within the inventory with the goal value (TP) of Rs.580, 14x FY24E EPS. 

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