Review

GALAXY SURFACTANTS 

Ticker : 540935
FV : Rs 10
52-Week H/L : Rs 1944.40/975

We had previously recommended Galaxy Surfactants in volume 36, issue no. 40 (dated July 27, 2020), when the stock was trading at Rs 1,621. Galaxy Surfactants is engaged in the manufacturing and marketing of surfactants as well as speciality chemicals for the personal and home care industry. On a consolidated quarterly front, the net sales declined by 8.7 per cent to Rs 607.16 crore in Q1FY21 from Rs 665.02 crore in Q1FY20. The company reported an operating profit of Rs 91.13 crore in Q1FY21, down by 6.41 per cent from Rs 97.37 crore in Q1FY20. The company reported a net profit of Rs 56.49 crore in Q1FY21, up by 7.5 per cent from Rs 52.55 crore in the same quarter for the previous fiscal year The rising need for home & personal care (HPC) products, steady growth in performance surfactants, and robust growth in speciality care products are the major drivers for the company. We recommended our investor readers to BOOK PROFIT on the scrip on August 11, 2020.