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Recent events
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News
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Corporate Actions
India's Archean Chemical jumps after board nod for investments
** Shares of India's Archean Chemical Industries ARCN.NS surges 11.6% to 666 rupees
** Co approved following investments -
Company name | Investment amount |
Clas-SiC Wafer Fab Limited, U.K. | £15 mln ($19.4 mln) |
Offgrid Energy Labs Inc, Delaware, USA | $12 mln |
** Trading vols 2.4 mln shares vs 30-day avg of ~273k
** YTD ARCN up ~3%
($1 = 0.7726 pounds)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Archean Chemical Industries ARCN.NS surges 11.6% to 666 rupees
** Co approved following investments -
Company name | Investment amount |
Clas-SiC Wafer Fab Limited, U.K. | £15 mln ($19.4 mln) |
Offgrid Energy Labs Inc, Delaware, USA | $12 mln |
** Trading vols 2.4 mln shares vs 30-day avg of ~273k
** YTD ARCN up ~3%
($1 = 0.7726 pounds)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
India's Archean Chemical falls as Q1 profit halves
** Shares of Archean Chemical Industries ARCN.NS fall 9.6% to 697 rupees
** Specialty chemicals maker said Q1 consolidated net profit drops 52% to 448.6 mln rupees ($5 mln), rev from ops down 38%
** More than 1.7 mln shares change hands, 1.5x its 30-day avg
** Days falls cut monthly gains to 4%
($1 = 83.7980 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Archean Chemical Industries ARCN.NS fall 9.6% to 697 rupees
** Specialty chemicals maker said Q1 consolidated net profit drops 52% to 448.6 mln rupees ($5 mln), rev from ops down 38%
** More than 1.7 mln shares change hands, 1.5x its 30-day avg
** Days falls cut monthly gains to 4%
($1 = 83.7980 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Archean Chemical Industries June-Qtr Consol Net Profit 448.6 Mln Rupees
Aug 2 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
JUNE-QUARTER CONSOL NET PROFIT 448.6 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.13 BILLION RUPEES
Further company coverage: ARCN.NS
(([email protected];;))
Aug 2 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
JUNE-QUARTER CONSOL NET PROFIT 448.6 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.13 BILLION RUPEES
Further company coverage: ARCN.NS
(([email protected];;))
India's Archean Chemical Industries falls on qtrly profit drop
** Archean Chemical Industries' shares ARCN.NS down 4% at 620.40 rupees
** The specialty chemicals maker posted a near 58% fall in March-quarter consol net profit at 575.9 million rupees ($6.9 million)
** Qtrly revenue fell by 25.8%
** Stock set to break a three-day winning streak, if trend continues
** Stock down ~5% YTD; had gained ~23% in 2023 - its biggest yearly gain since listing
($1 = 83.5000 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Archean Chemical Industries' shares ARCN.NS down 4% at 620.40 rupees
** The specialty chemicals maker posted a near 58% fall in March-quarter consol net profit at 575.9 million rupees ($6.9 million)
** Qtrly revenue fell by 25.8%
** Stock set to break a three-day winning streak, if trend continues
** Stock down ~5% YTD; had gained ~23% in 2023 - its biggest yearly gain since listing
($1 = 83.5000 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
India's Archean Chemical Industries up as unit starts production of Bromine products
** Shares of Archean Chemical Industries ARCN.NS up 3.6%, after rising as much as 5.8% to intraday high of 631 rupees
** Specialty chemicals maker says unit Acume Chemicals has begun Phase 1 of starting production facility of Bromine derivative products at manufacturing factory in Gujarat
** ARCN on track for second consecutive session of gains
** Stock had gained ~20% in Feb, on track for best monthly gains since Aug 2023
** Stock down ~5% so far this year; it had gained 23.5% in 2023
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Archean Chemical Industries ARCN.NS up 3.6%, after rising as much as 5.8% to intraday high of 631 rupees
** Specialty chemicals maker says unit Acume Chemicals has begun Phase 1 of starting production facility of Bromine derivative products at manufacturing factory in Gujarat
** ARCN on track for second consecutive session of gains
** Stock had gained ~20% in Feb, on track for best monthly gains since Aug 2023
** Stock down ~5% so far this year; it had gained 23.5% in 2023
(Reporting by Dimpal Gulwani in Bengaluru)
Archean Chemical Industries Says Unit Started Production Facility Of Bromine Derivative Products
March 15 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
UNIT COMMISSIONED PHASE1 OF PRODUCTION FACILITY OF BROMINE DERIVATIVE PRODUCTS
Source text for Eikon: ID:nBSEbPbzRV
Further company coverage: ARCN.NS
(([email protected];))
March 15 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
UNIT COMMISSIONED PHASE1 OF PRODUCTION FACILITY OF BROMINE DERIVATIVE PRODUCTS
Source text for Eikon: ID:nBSEbPbzRV
Further company coverage: ARCN.NS
(([email protected];))
India's Archean Chemical Industries hits record high for 3rd straight session
** Shares of Archean Chemical Industries ARCN.NS rise as much as 3.7% to hit a new record high at 767.30 rupees
** Stock closes up 2.6% at 759.15 rupees
** ARCN hit record highs for third session in a row
** Specialty chemicals maker on Feb. 3 reported 3.5% Y/Y rise in Q3 consolidated PAT, revenue up 13.1% Y/Y
** Stock has risen ~23% since then
** Trading volume 2.7x the 30-day daily avg
** Avg rating of two analysts equivalent of "strong buy", median PT is 717.50 rupees - LSEG data
** Stock has risen 16.8% YTD vs 23.5% rise in 2023
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Archean Chemical Industries ARCN.NS rise as much as 3.7% to hit a new record high at 767.30 rupees
** Stock closes up 2.6% at 759.15 rupees
** ARCN hit record highs for third session in a row
** Specialty chemicals maker on Feb. 3 reported 3.5% Y/Y rise in Q3 consolidated PAT, revenue up 13.1% Y/Y
** Stock has risen ~23% since then
** Trading volume 2.7x the 30-day daily avg
** Avg rating of two analysts equivalent of "strong buy", median PT is 717.50 rupees - LSEG data
** Stock has risen 16.8% YTD vs 23.5% rise in 2023
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Archean Chemical Industries Says Unit Declared As Successful Bidder For Acquiring Oren Hydrocarbons As Going Concern
Dec 22 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
UNIT DECLARED AS SUCCESSFUL BIDDER FOR ACQUIRING OREN HYDROCARBONS AS GOING CONCERN
Source text for Eikon: ID:nNSE8Z6G8f
Further company coverage: ARCN.NS
(([email protected];;))
Dec 22 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
UNIT DECLARED AS SUCCESSFUL BIDDER FOR ACQUIRING OREN HYDROCARBONS AS GOING CONCERN
Source text for Eikon: ID:nNSE8Z6G8f
Further company coverage: ARCN.NS
(([email protected];;))
India's Archean Chemical rises on Goldman Sachs' stake buy via bulk deals
** Shares of Archean Chemical Industries ARCN.NS rise as much as 2.85% to 628.90 rupees
** Stock gains after Goldman Sachs FDS Goldman Sachs India Equity Portfolio, Tata AIA Life Insurance Co and DSP Mutual Fund bought a combined 3.03 mln shares, aggregating to a 2.46% stake at 600 rupees per share, via bulk deals on Monday
** India Resurgence Fund - Scheme 1 and 2 and Piramal Natural Resources sold 4.2 mln shares at average price between 600 rupees and 601 rupees, according to National Stock Exchange data
** Including session's gains, stock up 18.5% in 2023 so far - LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Archean Chemical Industries ARCN.NS rise as much as 2.85% to 628.90 rupees
** Stock gains after Goldman Sachs FDS Goldman Sachs India Equity Portfolio, Tata AIA Life Insurance Co and DSP Mutual Fund bought a combined 3.03 mln shares, aggregating to a 2.46% stake at 600 rupees per share, via bulk deals on Monday
** India Resurgence Fund - Scheme 1 and 2 and Piramal Natural Resources sold 4.2 mln shares at average price between 600 rupees and 601 rupees, according to National Stock Exchange data
** Including session's gains, stock up 18.5% in 2023 so far - LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Archean Chemical Industries falls on block deal
** Shares of India's Archean Chemical Industries ARCN.NS down as much as 4.8% at 600 rupees, their sharpest intraday pct loss since Oct 23
** More than 4.2 mln shares change hands in a block deal, priced at 605.20 rupees apiece - LSEG data
** As of last close, stock had logged its sixth straight weekly gain
** More than 5 mln shares changed hands, more than 13x 30-day avg
** Archean stock up 14.4%, YTD
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Archean Chemical Industries ARCN.NS down as much as 4.8% at 600 rupees, their sharpest intraday pct loss since Oct 23
** More than 4.2 mln shares change hands in a block deal, priced at 605.20 rupees apiece - LSEG data
** As of last close, stock had logged its sixth straight weekly gain
** More than 5 mln shares changed hands, more than 13x 30-day avg
** Archean stock up 14.4%, YTD
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
India's Archean Chemical Industries June-Qtr Consol PAT Rises
Aug 11 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
INDIA'S ARCHEAN CHEMICAL INDUSTRIES JUNE-QUARTER CONSOL PAT 938.6 MILLION RUPEES VERSUS PROFIT 844 MILLION RUPEES
ARCHEAN CHEMICAL INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.43 BILLION RUPEES VERSUS 4 BILLION RUPEES
Source text for Eikon: ID:nBSE5qgGfl
Further company coverage: ARCN.NS
(([email protected];;))
Aug 11 (Reuters) - Archean Chemical Industries Ltd ARCN.NS:
INDIA'S ARCHEAN CHEMICAL INDUSTRIES JUNE-QUARTER CONSOL PAT 938.6 MILLION RUPEES VERSUS PROFIT 844 MILLION RUPEES
ARCHEAN CHEMICAL INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.43 BILLION RUPEES VERSUS 4 BILLION RUPEES
Source text for Eikon: ID:nBSE5qgGfl
Further company coverage: ARCN.NS
(([email protected];;))
India's Archean Chemical Industries falls on block deal
** Shares of specialty chemicals manufacturer Archean Chemical Industries Ltd ARCN.NS down as much as 8.17% at 510 rupees, their lowest since Dec. 27
** Around 1.2 million shares changed hands in one block deal for 523.95 rupees per share - Refinitiv data
** Co logs sharpest intraday pct loss since Feb. 14
** Overall 1.8 million shares changed hands as of 1:38 p.m IST, 10x 30-day avg
** Stock up 5.5% YTD as of last close
(Reporting by Manvi Pant in Bengaluru)
(([email protected];))
** Shares of specialty chemicals manufacturer Archean Chemical Industries Ltd ARCN.NS down as much as 8.17% at 510 rupees, their lowest since Dec. 27
** Around 1.2 million shares changed hands in one block deal for 523.95 rupees per share - Refinitiv data
** Co logs sharpest intraday pct loss since Feb. 14
** Overall 1.8 million shares changed hands as of 1:38 p.m IST, 10x 30-day avg
** Stock up 5.5% YTD as of last close
(Reporting by Manvi Pant in Bengaluru)
(([email protected];))
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What does Archean Chem Inds do?
Archean Chemical Industries Limited is a leading speciality marine chemical manufacturer in India. It produces and exports bromine, industrial salt, and sulphate of potash globally from its integrated production facility in Gujarat.
Who are the competitors of Archean Chem Inds?
Archean Chem Inds major competitors are Neogen Chemicals, Tata Chemicals, Chemplast Sanmar, GHCL, Jubilant Ingrevia, Aether Industries, Laxmi Organic Inds.. Market Cap of Archean Chem Inds is ₹7,855 Crs. While the median market cap of its peers are ₹7,092 Crs.
Is Archean Chem Inds financially stable compared to its competitors?
Archean Chem Inds seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Archean Chem Inds pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Archean Chem Inds latest dividend payout ratio is 11.61% and 3yr average dividend payout ratio is 9.82%
How has Archean Chem Inds allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Archean Chem Inds balance sheet?
Balance sheet of Archean Chem Inds is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Archean Chem Inds improving?
No, profit is decreasing. The profit of Archean Chem Inds is ₹166 Crs for TTM, ₹319 Crs for Mar 2024 and ₹383 Crs for Mar 2023.
Is the debt of Archean Chem Inds increasing or decreasing?
Yes, The debt of Archean Chem Inds is increasing. Latest debt of Archean Chem Inds is ₹70.43 Crs as of Sep-24. This is greater than Mar-24 when it was -₹31.39 Crs.
Is Archean Chem Inds stock expensive?
Yes, Archean Chem Inds is expensive. Latest PE of Archean Chem Inds is 47.26, while 3 year average PE is 26.26. Also latest EV/EBITDA of Archean Chem Inds is 25.32 while 3yr average is 16.58.
Has the share price of Archean Chem Inds grown faster than its competition?
Archean Chem Inds has given better returns compared to its competitors. Archean Chem Inds has grown at ~8.12% over the last 2yrs while peers have grown at a median rate of 1.03%
Is the promoter bullish about Archean Chem Inds?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Archean Chem Inds is 53.44% and last quarter promoter holding is 53.44%.
Are mutual funds buying/selling Archean Chem Inds?
The mutual fund holding of Archean Chem Inds is increasing. The current mutual fund holding in Archean Chem Inds is 15.56% while previous quarter holding is 14.84%.