Vinati Organics

Had a short discussion with the company secretary. Key takeways:

1) Some demand on the volume side is getting affected due to fall in crude. I mentioned the point decreasing use of Enhanced Oil Recovery due to a drop in crude and whether that had an affect on demand – he said yes. He did allude to the fact that profits have still increased.
2) There aren’t any client churning issues – no client has churned away and moved to competitors (clarified this as it was mentioned in one of the research reports)
3) He asked me to check the bse website as they have just submitted a disclosure today. As per the release: “Vinati Organics Ltd has informed BSE that the Company has entered into long term tripartite agreement with USA & Japan based Chemical Companies for supply of a customized product.Due to this turnover is expected to increase by Rs. 45 Crores in Financial year 2016-2017.”

Hope this was helpful.

Regards