Basic Materials
Indo Borax & Chemicals Limited (indoborax) Strengthens Operational Synergies with Kronox Lab Sciences Appoints Suresh Kalra as Managing Director and CEO
Indo Borax & Chemicals Limited (INDOBORAX) strengthens operational synergies with Kronox Lab Sciences, appoints Suresh Kalra as Managing Director and CEO.
Indo Borax & Chemicals Limited (INDOBORAX) has announced a significant leadership change in its recently acquired specialty chemicals company, Kronox Lab Sciences Limited. The company has appointed Mr. Suresh Kalra as Managing Director and CEO, marking a new phase in its growth strategy. This move follows the completion of the acquisition of a 64.26% stake in Kronox Lab Sciences on September 29, 2026. The new leadership aims to strengthen operations, expand capabilities, and pursue sustainable growth opportunities across India and global markets.
Leadership Transition at Kronox Lab Sciences
Mr. Kalra brings over 25 years of leadership experience in the chemicals industry, with expertise in global operations, P&L management, manufacturing, strategic planning, and international business expansion. His appointment is expected to leverage Kronox’s strong foundation in high-purity specialty chemicals, supported by its manufacturing capabilities, technical expertise, and growing presence in domestic and international markets.
New Board Brings Diverse Expertise
The new board at Kronox Lab Sciences brings together experience across chemicals, manufacturing, financial management, banking, legal, and corporate governance. The board has also reconstituted the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee to ensure robust governance and strategic direction.
About Kronox Lab Sciences Ltd: Incorporated in 2008 and headquartered in Vadodara, Gujarat, Kronox Lab Sciences Limited manufactures high-purity specialty fine chemicals, including excipients, reagents, buffers, and intermediates, for various industries. The company operates multiple manufacturing units in Gujarat and markets a portfolio of more than 185 products across domestic and export markets. For FY2026, the company reported revenue of approximately INR 101 crore and profit after tax of approximately INR 28 crore.
About Indo Borax & Chemicals Ltd: Established in 1980, Indo Borax & Chemicals Ltd. is a manufacturer of boron-based chemicals and a producer of Boric Acid. The company operates manufacturing facilities at Pithampur, Madhya Pradesh, producing Boric Acid, Disodium Octaborate Tetrahydrate (D.O.T.), and Borax. Indo Borax also manufactures Pharma Grade Boric Acid as per the Indian Pharmacopoeia and was among the first companies in India to receive a BIS licence for manufacturing Technical Grade Boric Acid.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Indo Borax & Chemicals Limited
Indo Borax & Chemicals Limited belongs to the Basic Materials › Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Indo gains 19.7% over three months and trades near its 52-week highs. Margins at 23.3% are impressive but need to be sustained — any compression would be a red flag. Revenue contracts at -1.4% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 9.0% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock holds up despite -1.4% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of Indo Borax & Chemicals Limited.
APLAPOLLO
Apl Apollo Tubes Limited (aplapollo) Q2fy27: Sales Volume Reaches Record High of 963,143 Ton
APL Apollo Tubes Limited (NSE: APLAPOLLO) announced record-breaking sales volume of 963,143 Ton in Q2FY27, marking a 13% YoY increase.
APL Apollo Tubes Limited (APL Apollo), the world’s largest branded structural steel tube company, announced its sales volume for Q2FY27. The company registered its highest-ever sales volume of 963,143 Ton in Q2FY27, up from 855,037 Ton in Q2FY26. Notably, this marks a 13% year-over-year (YoY) increase and a 29% quarter-over-quarter (QoQ) surge.
Record-Breaking Q2FY27 Performance
The impressive Q2FY27 performance is a testament to APL Apollo’s robust growth trajectory. The company’s sales volume for H1FY27 stands at 1,707,966 Ton, reflecting a 4% YoY growth. The company’s diverse product range, including the APL Apollo Brand, SG Premium Brand, UAE Operations, and Roofing Products, contributed significantly to this milestone.
Strategic Expansion and Manufacturing Excellence
Headquartered in Delhi NCR, APL Apollo operates 11 manufacturing facilities with a total capacity of 5 Mn Ton. The company’s strategic expansion across India, with units in Hyderabad, Sikandarabad, Bangalore, Hosur, Raipur, Malur, Murbad, and Umm AI Quwain, ensures a wide distribution network. This extensive network, coupled with state-of-the-art manufacturing facilities, enables APL Apollo to cater to various industry applications, including urban infrastructure, real estate, rural housing, commercial construction, greenhouse structures, and engineering applications.
As a result, APL Apollo continues to solidify its position as India’s leading structural steel tube manufacturer, poised for sustained growth and innovation in the building material sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of APL Apollo Tubes Limited
APL Apollo Tubes Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
APL gains 22.5% over three months and trades near its 52-week highs. Thin margins at 5.2% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The PEG of 2.12 makes it expensive versus peers. The premium needs earnings to catch up quickly. The stock gives back 1.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock rises 22.5% in three months on 12.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of APL Apollo Tubes Limited.
Basic Materials
Surya Roshni Limited (suryarosni) Q2 & H1 FY27 Business Update: Steel Pipes Sales Surge 23% Yoy
Surya Roshni Limited (SURYAROSNI) reports a 23% YoY growth in steel pipes sales for Q2 FY27 and 22% increase in H1 FY27. Key update on sales volumes.
Surya Roshni Limited (SURYAROSNI) announced its business update for the quarter and half year ended September 30, 2026. The company, which is the largest exporter of ERW pipes and one of the largest lighting companies in India, reported significant growth in its steel pipes and strips segment. The steel pipes and strips sales volume stood at 2.67 lakh tonnes in Q2FY27, marking a 23% year-on-year growth compared to 2.18 lakh tonnes in Q2FY26. This growth marks the highest quarterly sales volume for the business to date.
Steel Pipes & Strips Sales Volume Update
The company’s steel pipes and strips segment delivered impressive results. The sales volume for the half year ended September 30, 2026, stood at 4.95 lakh tonnes, a 22% increase from the 4.07 lakh tonnes recorded in the same period of FY26. This robust performance highlights the company’s strong market position and operational efficiency.
Lighting & Consumer Durables Segment
The lighting and consumer durables segment also saw its highest quarterly volume performance in Q2FY27. This growth was supported by the festive season demand and broad-based expansion across various segments. The company continues to leverage its market leadership to drive growth and innovation in its product offerings.
As Surya Roshni Limited looks ahead, the company remains focused on maintaining its growth trajectory and exploring new opportunities to further enhance its market presence.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Surya Roshni Limited
Surya Roshni Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Surya falls 14.1% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -2.0% CAGR. That signals structural headwinds, not a short-term blip. The stock gains 0.8% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at -2.0% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Surya Roshni Limited.
Basic Materials
Ganesh Benzoplast Limited (ganeshbe) Signs Agreements to Sell Liquid Storage Tank and Railway Network Businesses
Ganesh Benzoplast Limited (GANESHBE) announces the sale of its Liquid Storage Tank and Railway Network Businesses for INR 1,154 crore.
Ganesh Benzoplast Limited (GBL) is pleased to announce the signing of definitive agreements with Cisternina Logistics Private Limited (CLPL), a bulk liquid and gas storage and logistics platform to be majority owned by funds managed and advised by KKR, a leading global investment firm. Pursuant to this transaction, GBL will sell and transfer its liquid storage tank business at terminals located at the Jawaharlal Nehru Port (JNP), Goa Port and Cochin Port on a slump sale basis, as well as its shareholding in ILSL Rail Logistics Private Limited, which will operate the Rail Logistics Business situated in Daund. The aggregate consideration for the transaction is INR 1,154 crore, subject to the terms as detailed in the definitive agreements.
Strategic Business Sale
The completion of the transaction remains subject to necessary regulatory and shareholders’ approvals and is expected to occur in tranches over the next 18-24 months. GBL will consider enhancement of shareholder value by corporate actions viz. buyback as per the regulatory provisions. Further, GBL shall utilize the proceeds from the sale to grow and expand its capacity for manufacturing of chemicals, food preservatives and lube oil additives, chemical trading, and to execute higher value projects in the EPC business.
Future Growth Plans
In addition to the above, CLPL has entered into definitive documents to engage GBL for EPC relating to the expansion, construction and building of pipelines and tanks at the JNP facility. The EPC related services are expected to generate additional revenue of approx. INR 280 crore (excluding taxes) to GBL over the next 18-24 months.
Speaking on the transaction, Mr. Rishi Pilani, chairman and managing director of GBL, said, “GBL has built a strong liquid storage and logistics business over several decades, and we believe Cisternina and KKR are well positioned to support its next phase of growth. The management is focused on growing and expanding the chemical business by adding new product lines and increasing the scale of the EPC business. We would like to thank our shareholders for their continued support in helping us build the business to this scale.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Ganesh Benzoplast Limited
Ganesh Benzoplast Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Ganesh gains 33.7% over three months and trades near its 52-week highs. The PEG of 1.35 sits close to fair value. The stock is neither a clear buy nor obviously expensive. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock trades at 93% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 33.7% in three months on -0.8% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Ganesh Benzoplast Limited.
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