India's Clean Science and Technology eyes best day in 5 months on ramp-up of stabilizing chemicals

ICICI Securities

23/05/2025 09:48

** Shares of Clean Science and Technology CLEA.NS rise 7.32% to 1,426.3 rupees

** Specialty chemicals manufacturer set for best day in nearly 5 months

** Co's Q4 PAT up 6% Y/Y, revenue increases 16%

** IDBI Capital points to "impressive" ramp-up in co's hindered amine light stabilizers (HALS) segment, used in water treatment and protecting polymers from UV radiation damage

** Prabhudas Lilladher says revenue expansion was driven primarily by volumes, HALS sales more than tripled in FY25 y/y

** CLEA aims to more than double HALS sales in FY26 with improved pricing

** In the HALS market, CLEA "has grabbed 50% market share in India, which is impressive in two years" - ICICI Securities

** With session's gains, stock up ~1% in the last 12 months, erasing decline

 (Reporting by Ananta.Agarwal@thomsonreuters.com)

 ((Ananta.Agarwal@thomsonreuters.com))