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Available from Ready Stock  LARGEST MANUFACTURER OF                              Special Report

   ALUM-AMMONIA / FERRIC / POTASH       CALCIUM HYDROXIDE (Hydrated Lime)  4 BROMO ANILINE
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     AMMONIUM CHLORIDE Tech / Pure      CALCIUM SULPHATE / PLASTER OF PARIS  Salicylic Acid ( Technical)
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     AMMONIUM BISULPHITE      CREAM OF TARTAR  Ortho Xylene   Value Creation in Chemicals 2024:
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     AMMONIUM THIOSULPHATE      COPPER SULPHATE ACETATE / CARBONATE  Mono Chloro Benzene
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     AMMONIUM BROMIDE / MOLYBDATE      DI/MONO AMMONIUM PHOSPHATE  Aluminium Chlorohydrate 50%   Regional Challenges Persist,
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     ANILOZYME GH / ANILOZYME S (Desizing)  Poly Aluminium Chloride Liquid
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     BARIUM CHLORIDE / SULPHATE      EDTA ACID / EDTA DI / TETRA SODIUM SALT  But Clear Strategies Win
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     BARIUM CARBONATE / HYDROXIDE      FERROUS SULPHATE  Can also offer our supply to SEZ Units against LUT
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    Tech / Sugar / Crystal / Dried
 without  Payment of IGST & EXPORT ENQUIRES
     BORAX Granular / Crystal / Anhydrous  WE ARE LOOKING FOR SALES PROFESSIONALS FOR
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     BORIC ACID Tech.      HYDROGEN PEROXIDE  CHEMICAL DISTRIBUTION BUSINESS INTERESTED   Hard on the heels of one of its worst  found  a  meaningful  improvement  in   Andreas Gocke
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     CALCIUM CARBONATE PRECIPITATED      HYFLOSUPERCELL (Decalite Speed Plus)  CANDIDATES PLEASE SEND YOUR CV TO MAIL ID  value  creation  performances  in  recent  TSR performance. The industry deli-
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     CALCIUM CHLORIDE Fused / Anhydrous      MAGNESIUM NITRATE  years,  the  global  chemicals  industry  vered average annual TSR for the fi ve   Managing Director & Senior Partner
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                                                                            Email: gocke.andreas@bcg.com
 UNION CHEMICAL AGENCY / TEX DYES  (AN ISO 9001-2015 certified Company)  delivered a reassuringly respectable  years to December 2023 of 12%, com-  Hubert Schönberger
 JUBILEE INDUSTRIES
 231, Samuel Street, Vadgadi, Masjid Bunder (W), Mumbai 400 003.  ISHWAR CHEMICALS AND GASES  total shareholder return (TSR) between  pared with just 7% between 2018 and   Managing Director & Partner
       2019 and 2023. Within the overall  2022. TSR from 2019 to 2023 was bet-
 Tel.: +91-22-23421462, 66312763   Mob: +91-8888862805 / 8007655155  Tel: 02572220300  picture, there were pockets of notable  ter than the prior period for all regions   Email: schoenberger.hubert@bcg.com
 Email: sales@ishwargroup.in / ramgas1@hotmail.com
 Email: unionchemicalagency@gmail.com  (AD-2)  marketing@ishwargroup.in / ashish.chhajed@ishwargroup.in  strength  and  weakness  as  marked  and sectors. Indian and South Korean   Frederik Flock
 Website: www.ishwargroup.in
       regional differences continued.   companies,  industrial  gas  companies,   Senior Knowledge Director
                                         and focused specialty chemical players   Email: fl ock.frederik@bcg.com
 CARDKEM PHARMA PVT. LTD.  Certified Company by ISO  9001:2015 QMS Standards  Furthermore,  some  chemical  com  were the standout performers.   PJ Juvekar
       panies performed exceptionally well in
 Intermediate of APIs'  CAS NO.  End Use  FINE CHEMICALS  CAS NO.  weak subsectors, while others signifi cantly   Senior Advisor
 L-proline benzyl ester hydrochloride  16652-71-4  Lisinopril  Pyridine Hydrobromide  18820-82-1  underperformed in strong subsectors.   Large-cap chemical companies out-  Email: juvekar.pj@advisor.bcg.com
 Phenyl Ethyl Chloride  622-24-2  Lisinopril  Pyridinium bromide per Bromide  39416-48-3  performed mid-cap fi rms for the third   Boston Consulting Group
 N-Methyl Carbazolone  27387-31-1  Ondansetron  Pyridine Hydrochloride  628-13-7  To navigate  this uncertain  and   fi ve-year period in a row. (See Exhibit 1.)   cap players’ performance was driven by
 1,2,3,4-Tetrahydro-4-oxo-carbazole  15128-52-6  Carvedilol/ Ondansetron  Sodium 2-ethylhexanoate (SEHA)  19766-89-3  diverse landscape – and secure success   Large-cap  players  delivered  higher   revitalized  top-line  growth  and  multi-
 Ethyltriphenylphosphonium Bromide (ETPB)
 1530-32-1
 Bromo-OTBN  114772-54-2  Losartan   Benzyltriethylammonium chloride (TEBA)  56-37-1  in the industry – companies need a   TSR,  aided  by  generous  dividends  –  ple expansion, signaling greater inves-
 2-Chloro-5-Nitrobenzoic Acid  2516-96-3  Mesalamine  Tetrabutyl Ammonium Chloride (TBAC)  1112-67-0   value  creation  strategy  that  prioritizes   underscoring the benefi ts of their scale   tor confi dence in their future prospects.
 5-Nitro Salicylic Acid  96-97-9  Mesalamine  Triethylamine HCL (TEA HCL)  554-68-7  revenue  growth,  innovation,  and  pro-  and more effi cient resource allocation.
 2-[(1-hydroxycyclohexyl)-2-(4-methoxyphenyl)]  93413-76-4  Venlafaxine Hcl  1,3-Dibromo-5,5-Dimethyl Hydantoin (DBDMH)  77-48-5  active portfolio management.   However,  fi ve-year  TSR  among  mid-  For  this  report,  we  have  analyzed
 1100-88-5
 Benzyl triphenyl phosphonium chloride (BTPC)
 acetonitrile  Tetrabutylammonium bromide (TBAB)  1643-19-2  cap  companies  improved  signifi cantly,  data from 344 publicly listed chemical
 Propyl Paraben Sodium  35285-69-9      Tetra Butyl ammonium Hydrogen Sulphate (TBS)  32503-27-8  An Improving Five-Year Performance   rising  from  5%  between  2018  and  companies. We have classifi ed large-cap
 Sodium Bromide  7647-15-6  Our latest report on value creation  2022 to 12% between 2019 and 2023.  players as having a market value of more
 “We have dedicated facility for custom synthesis &  High value speciality products”.   Ethyl Bromide  74-96-4  in the global chemical  industry has  Despite  weak  EBITDA  margins,  mid-  than  $6  billion  and  mid-cap  players
 Corporate Office : 2301/02, GIDC Industrial Estate, Ankleshwar - 393 002, Gujarat, INDIA.  Iso Butyl Bromide  78-77-3
 Ph :  8866051978 / 8866051980 • Fax No :  +91 2646 250052 •  Ethylene Di Bromide  106-93-4  Exhibit 1 - Large-Cap Chemical Companies Outperformed Once Again
         Mobile : +91 9723708111 /  9723708112, 9723708119   Hydrobromic Acid  10035-10-6
 Email : aniket@cardkem.com, amit@cardkem.com  • Web : www.cardkem.com   KNS ADI  2 Bromo Propanoic Acid  598-72-1  Five-year TSR per year 2019–2023
        40
 We offer all grade of following chemicals
 • Anti mony Tri Sulphide / Chloride / Penta Chloride  • Potassium Chloride Tech / Pharma  READY STOCK  30 27
 • Anti mony Potassium Tartrate   • Potassium Chromate / Di Chromate  20  19
 • Ammonium Chloride Tech / Pharma  • Magnesium Chloride Flakes / Anhydrous  20  18 18 17 16 16 15 15  14 13 13 13  13 12 12
 • Ammonium Di Chromate / Chromate  • Red Phosphorous Ready Stock  12 12  12 11 11 11 11 11 11  10 10  9  9  8  8  8  8  Median:
 • Aluminium Chloride Anhydrous  • Zinc Chloride Tech / Anhydrous / Pharma / Liquid  SS 316 L  10  6  5  4  12%
 • Aluminium Isopropoxide   • Zinc Sulphate Hepta / Mono / Pharma
 • Benzoyl Chloride  • Terti ary Butyl Hydro Peroxide (TBHP)  0
 • Barium Chloride   • Di Terti ary Butyl Peroxide (DTBP)
 • Calcium Chloride Lumps / Powder /  • Terti ary Butyl Per Benzoate (TBPB)  REACTOR  –10
 Pharma / Anhydrous / Liquid  Technology  Machinery  Services  Construction  Retail  Aerospace  Mid-cap  Insurance  Oil & Gas  Mid-cap  Forest  Consumer  Real
 • Calcium Hydroxide Pharma    • Terti ary Butyl Proxy-2-Ethyl Hexanoate (TBPEH)  Hardware  & Defense  Chemicals  Pharma  Products &  Non-durables  Estate
 • Calcium Carbonate PPT / ACT   • Methyl Ethyl Ketone Peroxide (MRKP)             Packaging
 • Copper Sulphate Crystals / Anhydrous / Pharma  • Tetra Butyl Ammonium Bromide  15 KL &  Mining  Software &  Multibusiness  Financial  Large-cap  All  Large-cap  Consumer  Medical  Banks  Power &  Communication
                          Multibusiness
 • Ferric Chloride Anhydrous / Pharma / Liquid  • Thiophenol   IT Services  Infrastructure  Chemicals  Chemicals  Pharma  Durables  Technology  Utilities  Service Provider
 • Ferrous (Iron) Sulphide Lumps / Powder / Sti cks  • Sodium Iodide / Potassium Iodide  Providers
                             Electronic
                                                                                 Automotive
              Building
                                                    Media &
                                     Fashion
 • Ferrous Sulphate Hepta / Mono / Pharma  • Phenyl Propyl Alcohol  Materials  Metals  Components  & Luxury  Automotive  Publishing  Transportation  & Brokerage  Healthcare  Components  Environment  Travel &
                                                                                         Water &
                                                                  Asset Mgmt
                                                                                                Tourism
                                                                          Services
                                                           & Logistics
                                             OEMs
 • Lead Acetate / Nitrate / Chloride /   • Cyclohexyl Salicylate   6 KL
 Chromate / Carbonate / Sulphate  • Methyl Abietate    Top-to-bottom quartile range  Industry median
 • Sodium Acetate Trihydrate / Anhydrous   • Meta Nitro Benzaldehyde  Sources: S&P Capital IQ; LSEG Workspace; BCG Value Creators database 2024; BCG ValueScience Center.
 Contact Manufacturers: Anron Chemicals Co.  Please Contact:
 An ISO 9001 Company | Celebrating Silver Jubilee | Established -1996  Notes: Median fi ve-year TSR per respective industry sample; N=2,611; Additional 256 Mid-cap (MV between $1bn and $6bn) chemical companies are
 401, Sujata Chambers, 4th Floor, 1/3, Abhaychand Gandhi Marg, Mumbai- 400009.  Email: prakash@chemicalequipments.net  added; Large-cap (MV greater than $6bn) chemical category includes 88 companies; Median TSR per respective industry sample (companies with MV
 Tel : +91-22-66352608, 62372003 | Cell : 9820137343 | 9152609250  Mobile: 9819193438 / 00  greater than $6bn); Russian companies were omitted. Argentinian and Turkish fi rms were eliminated because these countries’ hyperinfl ationary environment
 Email: info@anronchemical.com | anronpawar@gmail.com | Visit us: www.anronchemical.com   skews valuations.
 23/21
       Chemical Weekly  December 17, 2024                                                              173
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