Ashish Kacholia’s chemical inventory is up 103% in three months

Shares of Vishnu Chemicals, a high-performance specialty chemicals manufacturer, hit a record high of Rs 1,680.45, up 5 per cent over BSE in Wednesday’s trading during a weak market. The S&P BSE Sensex rose 0.07 percent to 58,028 at 10:41 am.

In the past three months, the stock is up 103 percent after the company reported strong earnings for the quarter and nine months ending December 2021. By comparison, the S&P BSE Sensex is up 1 percent over the same period.



Shareholding pattern data showed that investor Ashish Kachulia owned 575,000 shares or a 4.81 percent stake in Vishnu Chemicals at the end of the December quarter 2021.

Currently, Vishnu Chemicals is traded under Group T in BSE. In the T2T segment, every trade must result in a delivery and no offsetting of intraday positions is allowed.

For the third quarter of FY22, the company recorded the highest consolidated quarterly performance across all major indicators such as revenue (Rs.299 crore), EBITDA (Rs.46 crore) and profit after tax (PAT) (Rs.25 crore). The company’s revenue and EBITDA more than doubled compared to the previous year’s quarter, while the company’s earnings increased 568 per cent YoY (YoY) from Rs 4 crore in the third quarter of FY21.

Consolidated EBITDA margin expanded 386 basis points year-over-year to 15% due to improvement in the operating environment, better pricing power, and therefore operating leverage.

The company said it commenced operations on its reverse integration project at its Visakhapatnam unit this quarter in fiscal fourth quarter of FY22. On the sub front, the 50 percent expansion in capacity increase in barium chemicals is on schedule to start operations in fiscal fourth quarter. 22.

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