good results. comments from management are very encouraging. will end year with EPS of 33-35 and next year EPS of 50 plus. is a multibagger even from this price !!

Disclaimer – Please note this is not a recommendation to invest.

Wow. Looks like Anant Raj is getting close to 2008 highs for first time. One of darlings of last bull market based on land banks it had. Then market refused to give any valuation to land banks after market meltdown.

But the Indian company which does electrolyle salts for sodium and zinc (Tatva chintan) is unable to show any fruitfull results so far… They expect good days ahead may be Q1FY25 or Q2F25.

The % contribution of various products is linked to the chemical composition of the tyre.

for eg. Carbon black as a proportion of raw materials is about 20-25% in a tyre, which gets recovered.

Its just the nature of the pyrolysis process.

Even the fuel oil is a recovered oil. Which acts as a substitute for crude oil product used as fuel by their customers.

Sodium silicate is more to do with using the immense heat generated from the process as effectively as possible. The company evaluated several options, including setting up a power plant, before deciding that this is what makes most economic sense to them. There is no issue in availabilty of the raw materials (silica and soda ash), the capex for this plant is very small, and the end product has wide usage and is easily saleable.

Regarding revenue – for now they have just one plant. So I am guessing that the volume they are able to produce would be fairly constant, with normal fluctuations. Any change in numbers would then be driven more by realisations till their new plant comes up in a few months.