"We add matter to the world"Alkyl Amines Chemicals Ltd - CMP - 1250
About
Incorporated in 1979 by Mr Yogesh Kothari, Alkyl Amines is a leading manufacturer of aliphatic amines in India. Aliphatic amines are products derived from Ammonia (NH3) by displacement of H2 in the Ammonia molecule by other radicals (R) such as Methyl, Ethyl and Propyl.
Key Points
Business Leadership
The co. offers 100+ products, it is a global leader in many products including acetonitrile, DEHA, DMA-HCLA, and Triethylamine.
Product-Wise Revenue Mix
Aliphatic Amines: 47%
Amine Derivatives: 29%
Specialty Chemicals: 24%
Industries Served
The Co. serves several industries such as pharmaceuticals, agro-chemicals, water treatment chemicals, rubber chemicals, mining, foundry chemicals, surfactants, etc.
Geographical Split FY24
Apart from India, It has a global presence in Mexico, USA, UAE, China, Thailand, Spain; Ireland; United Kingdom, etc.
Domestic: 80%
International: 20%
Manufacturing Capabilities
The co. operates over 20 production plants over three manufacturing sites covering over 110 acres of land in the western states of Maharashtra and Gujarat. Capacity utilization was ~55% in H2 FY24.
It also has a Solar Plant at Bhoom, Maharashtra, and another one at Manwath, Maharashtra which was commissioned in Sept 2022.
Expansion Projects
The co. commissioned the ethylamine plant at about Rs. 375 Crs., which commenced commercial production in Oct 2023. It is planning to convert the old ethylamine plant into methylamines in the next 2 years (by FY26). The demand for ethylamines is expected to be 70,000 to 75,000 tons
Capex
Co. spent 120 Crs as Capex in FY24 towards routine maintenance capex and commissioned a solar plant.
In FY25, the co. will spend about Rs 60-80 Crs on capex, focusing on maintenance and debottlenecking.
Focus
The Co. continues to focus on sustainable growth by taking measures to increase its market share of existing products and also introducing new products.
This is just to boost my confidence. No Suggestions for buying. I will keep checking and updating my mistake if last post gone wrong...
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial Adviser before making any decisions.
Alkylamines
LONG TERM VIEW FOR ALKYL AMINESOn monthly basis, price has made a significant correction and is currently at the Fibonacci level of 0.618, which is the "Golden Ratio" for a price. The whole area from 2000 to 2150 is a huge demand zone for the buyers to accumulate in bits. The price will confirm it's change of structure above 2800 on a higher timeframe.
Alkyl AminesI am sharing my trendlines in this chart so that you can take informed decision accordingly. Alkyl is one of the 2 main listed amines company in India. The company is fundamentally very sound, however, I feel a sharp rise in stock price has lead to a sharper correction in this counter. The whole chemical pack is under pressure currently.
ALKYL AMINES(Bullish wolfe wave)ALKYL AMINES:
Few key points to note:
- A Bullish WOLFE WAVE has been formed
- Waves counting are mentioned
- Tested the Gann Level of Prior Trend
- Recently tested 200 EMA
- RSI Exaggerated Divergence
I expect a bounce from this point for 3578-3630-3849, but we don’t have any reversal signal yet. Once a bullish candle is formed at this level, we can long for the mentioned targets.
CHART & ANALYSIS – ADARSH DEY
ALKYLAMINES short term investmentALKYLAMINES short term investment
Monthly - Weekly-Daily demand zone
Short term investment idea - Holding period 2-3 months
Entry at CMP 3422, 3375 & 3330
SL below 3250 CLBS
Target T1:3610 & T2:3920
Note(*): Please note that we are not a SEBI Registered Investor Adviser/PMS/Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options
ALKYL AMINES - Awaiting Pennant BOI believe since the RSI broke out , the price will follow the same. It has been a good consolidation.
I suspect the breakout here will be explosive but in these volatile markets lets see if it does.
Be cautious of a breakdown by chance.
Keep a strict stop loss as per your risk appetite.