Oriental Carbon & Chemicals Ltd Research Report By SKP Securities
Oriental Carbon & Chemicals Ltd Research Report By SKP Securities | |
Company: | Oriental Carbon Chemicals Ltd |
Brokerage: | SKP Securities |
Date of report: | June 8, 2016 |
Type of Report: | Result Update |
Recommendation: | Buy |
Upside Potential: | 33% |
Summary: | Global niche…and growing! |
Full Report: | Click here to download the file in pdf format |
Tags: | Diamond Sulf, Managing Director, Mr Arvind Goenka, Schrader Duncan Ltd |
Oriental Carbon & Chemicals Ltd (OCCL), part of Duncan JP Goenka Group led by Mr Arvind Goenka, Managing Director, entered into manufacturing of Insoluble Sulfur (IS), a rubber vulcanizing agent used by radial tyre manufacturers and sold under ‘Diamond Sulf’ brand, in 1994. Currently, it has a capacity to produce 23,000 MTPA of IS at its plants at Dharuhera, Haryana and Mundra, Gujarat. Not only OCCL is India’s only producer of IS, it commands a ~50% domestic market share and is amongst the only three globally recognised players in IS, with ~10% market share. Sulfuric Acid and Oleum are its other products. Schrader Duncan Ltd, its subsidiary, is engaged in the manufacturing of automotive tyre valves and pneumatic products such as hydraulic and pneumatic cylinders, pneumatic valves and accessories. |
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