Long
(NSE:OCCL )Oriental Carbon on move up
Market Share: #
OCCL is the sole manufacturer of Insoluble Sulphur (IS) in the domestic market.
Majority of demand for insoluble sulphur is derived from the automotive tyres industry.
It enjoy a domestic market share of nearly 55%-60% and around 10% market share in the global market.
OCCL has established itself as a preferred first/second supplier to all major tyre manufacturers in global markets
Capacity as of FY20: #
IS plant spread across 2 units (Dharuhera & SEZ Mundra) of 34,000 metric tonnes per annum.
Upcoming Capex #
Capacity expansion underway to expand the Insoluble Sulphur capacity by 11,000 MTPA & Sulphuric acid capacity by 42,000 MTPA, spread across two phases at its Dharuhera facility.
Total project will cost 216 Cr, funded with a debt equity ratio of 2:1.
Phase-I of IS capacity expansion by 5500 MTPA along with Sulphuric acid capacity at an outlay of 156 Cr is underway. Commissioning for the project has been pushed to July2021 from Q3FY21 as envisaged earlier for phase-1.
reference: Screener.in
OCCL is the sole manufacturer of Insoluble Sulphur (IS) in the domestic market.
Majority of demand for insoluble sulphur is derived from the automotive tyres industry.
It enjoy a domestic market share of nearly 55%-60% and around 10% market share in the global market.
OCCL has established itself as a preferred first/second supplier to all major tyre manufacturers in global markets
Capacity as of FY20: #
IS plant spread across 2 units (Dharuhera & SEZ Mundra) of 34,000 metric tonnes per annum.
Upcoming Capex #
Capacity expansion underway to expand the Insoluble Sulphur capacity by 11,000 MTPA & Sulphuric acid capacity by 42,000 MTPA, spread across two phases at its Dharuhera facility.
Total project will cost 216 Cr, funded with a debt equity ratio of 2:1.
Phase-I of IS capacity expansion by 5500 MTPA along with Sulphuric acid capacity at an outlay of 156 Cr is underway. Commissioning for the project has been pushed to July2021 from Q3FY21 as envisaged earlier for phase-1.
reference: Screener.in
Note
14% 💥 #occl Oriental Carbon one-off or new phase 2 starting #investing #trading #pwinvest
Disc: Invested, no buy or sell
Join me on Twitter @bhatiashivendra to stay updated on my thoughts and insights on stocks, financial assets, and markets. I focus on research-based analysis and avoid hype. As an experienced investor in a diverse range of assets, I invite you to conduct
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me on Twitter @bhatiashivendra to stay updated on my thoughts and insights on stocks, financial assets, and markets. I focus on research-based analysis and avoid hype. As an experienced investor in a diverse range of assets, I invite you to conduct
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.