Valiant Organics Limited
4,623words
18turns
0analyst exchanges
0executives
Key numbers — 40 extracted
17.77%
15.62%
5.28%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
Guidance — 7 items
Industries Served
opening
“• • Dyes Pigments FY25 Revenue Share 47% 11 28% Hydrogenation”
Served
opening
“• Agro Chemicals • Cosmetics • Veterinary • Pharmaceuticals Revenues (INR Mn)* 2,765 1,903 1,653 1,394 FY22 FY23 FY24 FY25 Sales Volumes (MT) 16,298 9,802 10,213 10,112 FY22 FY23 FY24 FY25 3,000 2,500 2,000 1,500 1,000 500 - 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - 12 Ammonolysis Ammonolysis is a high-pressure chemical reaction done in an auto clave where ammonia is used as a reactant.”
Industries Served
opening
“• Dyes • Pigments *Revenue figures are on Standalone basis Valiant Organics Limited | June 2025 Revenues (INR Mn)* 2,917 2,666 1,962 1,993 FY22 FY23 FY24 FY25 Sales Volumes (MT) 12,617 11,394 10,855 10,220 3,500 3,000 2,500 2,000 1,500 1,000 500 - 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - FY22 FY23 FY24 FY25 13 Hydrogenation Hydrogenation is a chemical reaction between molecular hydrogen (H2) and another compound or element, usually in the presence of a catalyst.”
Industries Served
opening
“5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - Revenues (INR Mn)* 4,331 2,948 2,865 3,395 FY22 FY23 FY24 FY25 Sales Volumes (MT) • Being a difficult product to manufacture, the company is currently focusing on achieving process consistencies and expect ramp of production in FY23.”
Industries Served
opening
“14,876 17,250 15,733 17,444 • Majority of its PAP production will be sold to Valiant Laboratories Ltd, which is the subsidiary of the company.”
Industries Served
opening
“• Dyes • Pigments • Pharmaceuticals • Agro Chemicals *Revenue figures are on Standalone basis Valiant Organics Limited | June 2025 FY22 FY23 FY24 FY25 14 Other Processes Acetylation Acetylation is a chemical reaction which introduces an acetyl functional group into a chemical compound.”
Industries Served
opening
“Revenues (INR Mn)* 855 564 441 375 FY22 FY23 FY24 FY25 Sales Volumes (MT) 1,531 1,119 1,234 887 FY22 FY23 FY24 FY25 900 800 700 600 500 400 300 200 100 - 1,800 1,600 1,400 1,200 1,000 800 600 400 200 - *Revenue figures are on Standalone basis Valiant Organics Limited | June 2025 15 INDUSTRY OVERVIEW 17 Industry Overview • Expansive Product Portfolio: India's chemical landscape is vast, boasting over 80,000 commercial products, offering a diverse array of solutions to global demands.”
Risks & concerns — 4 flagged
• Agro Chemicals • Cosmetics • Veterinary • Pharmaceuticals Revenues (INR Mn)* 2,765 1,903 1,653 1,394 FY22 FY23 FY24 FY25 Sales Volumes (MT) 16,298 9,802 10,213 10,112 FY22 FY23 FY24 FY25 3,000 2,500 2,000 1,500 1,000 500 - 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - 12 Ammonolysis Ammonolysis is a high-pressure chemical reaction done in an auto clave where ammonia is used as a reactant.
— Served
• PAP is a difficult product to make and is primarily an import substitute product in India.
— Industries Served
5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - Revenues (INR Mn)* 4,331 2,948 2,865 3,395 FY22 FY23 FY24 FY25 Sales Volumes (MT) • Being a difficult product to manufacture, the company is currently focusing on achieving process consistencies and expect ramp of production in FY23.
— Industries Served
to concerns further in • With Global companies seeking to de-risk their supply chains, which are dependent on China, the chemical sector in India has the opportunity significant for growth a • The a government plans to implement production-link incentive system with 10-20% output the agrochemical sector; to create an end-to-end manufacturing ecosystem through the growth of clusters.
— Industries Served
Speaking time
8
5
4
1
Opening remarks
Key Products
• Ortho Anisidine Para Anisidine • IPPCA • • Meta Chloro Aniline • Para Amino Phenol • Ortho Amino Phenol Industries
Key Products
• • Ortho ChloroPhenol (OCP) • • • 2,4 Di Chlorophenol (2,4 DCP) 2,6 Di ChloroPhenol (2,6 DCP) 2,4,6 Tri ChloroPhenol (2,4,6 TCP) Industries
Served
• • • • Agro Chemicals Cosmetics Veterinary Pharmaceuticals Valiant Organics Limited | June 2025 11 Chlorination Any reaction in which chlorine or chlorine compounds are introduced into a molecule to obtain the desired outcome is known as chlorination. • Valiant is the only domestic player and also a global leader in Chlorophenol products with ~25% global market share. • The company has over two-decade experience in Chlorophenols, with long-term relationships with global marquee customers due to their high-quality products and efficient supply chain management. • The Sarigram plant of the company is dedicated for the chlorination process, with a capacity of 18,000 MTPA, and a Zero Liquid Discharge facility and highly automated Distributed Control Systems significantly reducing manual interventions. • More than 50% of sales come from export markets.
Key Products
• Para ChloroPhenol (PCP) • Ortho ChloroPhenol (OCP) • 2,4 Di Chlorophenol (2,4 DCP) • 2,6 Di ChloroPhenol (2,6 DCP) • 2,4,6 Tri ChloroPhenol (2,4,6 TCP) *Revenue figures are on Standalone basis Valiant Organics Limited | June 2025 Industries
Served
• Agro Chemicals • Cosmetics • Veterinary • Pharmaceuticals Revenues (INR Mn)* 2,765 1,903 1,653 1,394 FY22 FY23 FY24 FY25 Sales Volumes (MT) 16,298 9,802 10,213 10,112 FY22 FY23 FY24 FY25 3,000 2,500 2,000 1,500 1,000 500 - 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - 12 Ammonolysis Ammonolysis is a high-pressure chemical reaction done in an auto clave where ammonia is used as a reactant. • Valiant developed Ammonolysis capabilities as a result of its two acquisitions. i.e. Abhilasha Tex Chem Pvt. Ltd. in 2017 & Amarjyot Chemicals Ltd. in 2019. • The company has an approximately 15,600 MTPA capacity for this process, making it one of the largest players in the domestic market. • Valiant has two dedicated manufacturing facilities located at Tarapur and Vapi to carry out the ammonolysis process. • The company supplies its products to almost all the leading Dye manufacturers in the country, and has a leadership position in manufacturing PNA due to its raw material securit
Industries Served
• Dyes • Pigments *Revenue figures are on Standalone basis Valiant Organics Limited | June 2025 Revenues (INR Mn)* 2,917 2,666 1,962 1,993 FY22 FY23 FY24 FY25 Sales Volumes (MT) 12,617 11,394 10,855 10,220 3,500 3,000 2,500 2,000 1,500 1,000 500 - 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - FY22 FY23 FY24 FY25 13 Hydrogenation Hydrogenation is a chemical reaction between molecular hydrogen (H2) and another compound or element, usually in the presence of a catalyst. • The company has manufacturing facilities in Jhagadia for Hydrogenation. The first unit (also named as Unit 1) has a capacity of 27,000 MTPA which became a part of Valiant Organics through the amalgamation of Amarjyot Chemicals in 2019. • It has also ventured into the manufacturing of 2 new products in FY21 of Ortho Anisidine (OA) and Para Anisidine (PA), as well as expanded the capacity of a couple of existing products. • The company also does contract manufacturing for a few leading domestic clients for some key custom