{"id":152,"date":"2019-08-20T11:02:43","date_gmt":"2019-08-20T11:02:43","guid":{"rendered":"http:\/\/www.assetmultiplier.co.in\/blog\/?p=152"},"modified":"2019-08-20T11:02:44","modified_gmt":"2019-08-20T11:02:44","slug":"galaxy-surfactants-a-stable-performance-in-the-storm","status":"publish","type":"post","link":"https:\/\/www.assetmultiplier.co.in\/blog\/2019\/08\/20\/galaxy-surfactants-a-stable-performance-in-the-storm\/","title":{"rendered":"Galaxy Surfactants-  A stable performance in the storm."},"content":{"rendered":"\n<p><em>Dated &#8211; 19th August 2019<\/em><\/p>\n\n\n\n<p>About\ncompany<\/p>\n\n\n\n<ul><li>Galaxy\nSurfactants Limited is a leading manufacturer of performance surfactants and\nspecialty care products with over 200 product grades used in Home and Personal\nCare industry. Galaxy surfactants has its presence in 70 countries with more\nthan 1700 Customers.<\/li><\/ul>\n\n\n\n<p>Q1FY20<\/p>\n\n\n\n<ul><li>Galaxy\nSurfactants reported 7% YoY decrease in their revenue at Rs 6,650 Mn<\/li><li>Total\nVolume grew by 4% on YoY basis to 54,767 MT.<\/li><li>Galaxy\nreported EBITDA growth of 12% YoY basis to Rs 970 Mn.<\/li><li>Profit\nafter tax stood at Rs 530 Mn, a jump of 15% YoY basis.<\/li><\/ul>\n\n\n\n<p>Management Commentary <\/p>\n\n\n\n<ul><li>-7% decrease in\nthe revenue was mainly caused by decrease in their raw material cost (Fatty\nalcohol), which declined by 19%.<\/li><li>Galaxy surfactants\ncompleted its capex at Jhagadia plant, which increased the capacity by 50,000\nMT.<\/li><li>Capex guidance\nfor the year FY20 is Rs 1250 Mn.<\/li><li>Management guided\nthat EBITA per tonne will be in the range of 15,000 MT to 17,000 MT.<\/li><li>There was marginal\nimpact of Ind AS 116 on the company.<\/li><li>As per the current\nscenario in domestic market, management expects Q2FY20 to be weaker, whereas in\nQ3FY20 &amp; Q4FY20 management expects revival of demand in domestic market.<\/li><li>Galaxy\nsurfactants continuous to perform well in Rest of the world market. In Q1FY20\ncompany reported 26.5% YoY increase in their sales volume (in MT).<\/li><\/ul>\n\n\n\n<p>&nbsp;Consensus Estimate (Source: market screener\nwebsite) <\/p>\n\n\n\n<ul><li>The closing price of Galaxy Surfactants was Rs 1,302\/-\nas of 19-August-2019. It traded at 21.4x\/18.4x consensus EPS for FY20E and\nFY21E is Rs 60.8\/- &amp; Rs 70.6\/- respectively. <\/li><li>Consensus target price of Rs 1,340\/- implies a PE of\n19.0x on FY21E EPS of Rs 70.6<\/li><\/ul>\n\n\n\n<p>For more visit\nwww.assetmultiplier.co.in<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dated &#8211; 19th August 2019 About company Galaxy Surfactants Limited is a leading manufacturer of performance surfactants and specialty care products with over 200 product grades used in Home and Personal Care industry. Galaxy surfactants has its presence in 70 countries with more than 1700 Customers. Q1FY20 Galaxy Surfactants reported 7% YoY decrease in their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/152"}],"collection":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/comments?post=152"}],"version-history":[{"count":1,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/152\/revisions"}],"predecessor-version":[{"id":153,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/152\/revisions\/153"}],"wp:attachment":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/media?parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/categories?post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/tags?post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}