• With a market valuation of ₹8,486.63 crore, Galaxy Surfactants Limited is a mid-cap company engaged in specialty chemicals industry.
With a market valuation of ₹8,486.63 Crore, Galaxy Surfactants Limited is a mid-cap company engaged in the specialty chemicals industry. With a special emphasis on serving the home and personal care industries, the firm is one of the top players in the segment of surfactants and specialty care chemicals. An Indian multinational company producing more than 200 products, engaged in serving 1750+ customers across more than 80 countries. The company also declared a dividend of Rs. 18 per share to its eligible shareholders along with the announcement of its Q3FY23 earnings.
The company said in a stock exchange filing that its board of directors has "declared an interim dividend of Rs 18 per equity share of face value of Rs. 10/- each. As notified earlier the date of payment of interim dividend The record date shall be Monday, February 20, 2023." As per the data available on BSE, the stock has turned ex-dividend today, which indicates that Galaxy Surfactants stock has traded flat today. Value of future dividend payments.
During Q3FY23, Galaxy Surfactants reported a net revenue of ₹1,084.0 Cr as compared to ₹930.9 Cr in Q3FY22, representing a YoY growth of 16.5%. The company said its EBITDA reached Rs 157.8 crore in Q3FY23, up 101.9% from Rs 78.1 crore in Q3FY22. Galaxy Surfactants reported a net profit of ₹106.2 crore for the quarter ended December 2022, a growth of 132.8% from ₹45.6 crore in the year-ago quarter.
Commenting on the performance, Managing Director, Galaxy Surfactants Ltd. Mr. U.K. Shekhar said, “It has been a good quarter for us. On the macro front, while global demand remains uncertain, significant improvements on the supply side have aided the performance. India remains a bright spot for us. While the slowdown in Europe adversely impacted specialty volumes this quarter, the quarter-over-quarter improvement in AMET volumes is a positive sign. As the saying goes 'offense wins the game but defense wins the championship'; This year continues to test our defense. Despite manifold challenges, your Company has delivered its highest ever EBITDA and net profit for the quarter. A sound business model, strong risk management practices, prudent price calls as well as experience in dealing with such volatility have enabled us to accomplish this. In short, while easing inflation along with improving supply-side factors provide a ray of hope, the global upswing in consumption is now critical."
Shares of Galaxy Surfactants today closed at ₹2,385 on the NSE, down 0.75% from its previous close of ₹2,403.05. The stock touched a 52-week high of ₹3,447.55 on (07-Sep-2022) and a 52-week low of ₹2,302.35 on (25-Jan-2023). During Q3FY23, the company registered promoter shareholding of 70.93%, FII holding of 2.78%, DII holding of 12.72% and public holding of 13.59%.
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