💥 Ambani Orgochem: “Mini Molecules, Mega Dreams?”

🧵 At a Glance

Ambani Orgochem, not to be confused with that Ambani, is a water-based specialty chemical SME that’s quietly grown its revenue 42% in FY25 despite a fire at its Dahej plant. With rising EBITDA, resumed production, and a lean working capital cycle, it’s got the hustle. But is that enough for a ₹125+ stock price?

1️ WTF Do They Even Do?

• SME player in specialty chemicals, water-based mostly
• Products include:
  • Organic Peroxides (used in polymer industry)
  • Paint driers
  • Acrylic emulsions
  • Silver ion disinfectants
  • Textile auxiliaries
• Serves industries like paints, textiles, plastics, and hygiene
• Export + domestic model
• Manufacturing at Dahisar (Mumbai) + Dahej (Gujarat)

2️ Financials – Profit, Margins, ROE, Growth 📊

📌 Despite strong growth in revenue and EBITDA, the company still posted a net loss in FY25 due to higher interest and depreciation.

3️ Valuation — Is It Reasonable?

• 📉 P/E = Negative (loss-making)
• 📘 Book Value = ₹74.3
• 🧮 P/B = ~1.69x