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Stage

Acquired Unit | Acquired

Valuation

$0000 

About Huntsman Corporation - Advanced Materials Solutions

Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals. The company's chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets.On October 30th, 2020, Huntsman Corporation's Advanced Materials Solutions subsidiary was acquired by Pidilite at a valuation of $282.66M.

Huntsman Corporation - Advanced Materials Solutions Headquarter Location

India

Latest Huntsman Corporation - Advanced Materials Solutions News

Buy Pidilite Industries; target of Rs 1920: ICICI Direct

Feb 5, 2021

ICICI Direct is bullish on Pidilite Industries has recommended buy rating on the stock with a target price of Rs 1920 in its research report dated January 30, 2021. Broker Research Trade ICICI Direct's research report on Pidilite Industries Pidilite’s healthy Q3FY21 performance was led by both domestic and overseas business and was much ahead of our expectations. Standalone revenue (86% of consolidated revenue) growth at 18% YoY was driven by ~19% volume growth. The consumer & bazaar (C&B) and B2B businesses witnessed strong demand in Q3FY21. The C&B segment witnessed strong growth at 20% led by 22% of volume growth led by pent up demand in the metro and urban centres. The B2B segment also witnessed volume, value growth of 12% and 10%, respectively. On the subsidiaries front, while overseas subsidiaries continued to perform well (with revenue growth of 21% YoY), the domestic subsidiary witnessed a gradual recovery of 98% of its pre-Covid sales during Q3. Finally consolidated revenue grew 19% (including Huntsman’s revenue) but on a like to like basis revenue growth was at 16% YoY. According to the management, pick up in renovation and construction activities works due to opening up of metro, tier 1 towns along with synergies through acquisition of market leader Huntsman Advanced Materials Solutions Pvt Ltd (name changed to Pidilite Adhesive Pvt Ltd (PAPL)) in the epoxy adhesive segment would further help drive revenue growth, going forward. We tweak our revenue estimates upward by 6% each for FY22E, F23E. Outlook We reiterate BUY rating on the stock with a revised target price of Rs 1920/share (vs. earlier TP of Rs 1850). Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Broker Research

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