Basic Materials
Indo Borax & Chemicals Ltd (indoborax) Acquires 64.26% Stake in Kronox Lab Sciences
Indo Borax & Chemicals Ltd (INDOBORAX) acquires 64.26% stake in Vadodara-based Kronox Lab Sciences for Rs. 246.12 crore.
Indo Borax & Chemicals Ltd (NSE: INDOBORAX), one of India’s leading manufacturers of boron-based chemicals, has announced the acquisition of a 64.26% stake in Vadodara-headquartered speciality chemicals player, Kronox Lab Sciences (NSE: KRONOX). The share purchase agreement was signed between Indo Borax, Zenrock Chemicals Private Limited, and the promoters of Kronox Lab Sciences. As per the SPA, Indo Borax will acquire 2,38,44,000 equity shares (Rs. 10 face value each) for an aggregate consideration of Rs. 246.12 crore.
Strategic Acquisition
The acquisition is a strategic move by Indo Borax to expand its product portfolio and enhance its market presence. The indicative time to complete the acquisition is three months from the date of signing the SPA. The erstwhile promoters of Kronox Lab Sciences will continue to hold a 9.95% stake and provide transition support post-acquisition.
Future Prospects
Commenting on the milestone, Suresh Kalra, Managing Director and CEO of Indo Borax Chemicals Ltd., said, “It’s the beginning of a new chapter for us. We are committed to creating value for our stakeholders through expansion, diversification, premiumisation, and margin improvement. The acquisition of Kronox Lab Sciences is a strategic move towards furthering our stated objectives. Kronox’s rich experience and export presence will strengthen our offerings, and the synergies will help us fortify our margins going forward. We look forward to working with the team at Kronox towards a promising journey ahead.”
The acquisition is expected to accelerate Kronox’s growth plans, expand its product profile, and explore new avenues. The combined expertise of both companies will drive innovation and market leadership in the speciality chemicals sector.
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 55.0% over three months and trades near its 52-week highs. The PEG stands at 27.10 — severely stretched. Any earnings miss could trigger a sharp de-rating. Margins at 23.3% are impressive but need to be sustained — any compression would be a red flag. The stock gives back 5.6% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock rises 55.0% in three months. Yet revenue grows at only 8.0% and the PEG stands at 27.10. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of Indo Borax & Chemicals Limited.
Basic Materials
Sambahv Steel Tubes Limited (sambhv) Q2 FY27: Highest-ever Sales Volume for Value Added Products
Sambhv Steel Tubes Limited (SAMBHV) achieves highest-ever sales volume in Q2 FY27, driven by Structural Pipes and Tubes, GP Coils & Pipes.
Sambahv Steel Tubes Limited (NSE: SAMBHV) has achieved its highest-ever sales volume in Q2 FY27 for Value Added Products, marking a significant milestone for the company. The robust performance was driven by strong growth in the Structural Pipes and Tubes and Pre-Galvanised (GP) Coils & Pipes segments. Notably, the company successfully scaled its portfolio of high-value products while maintaining overall volume stability despite global disruptions arising from ongoing conflicts, which adversely impacted the broader industry.
Sales Volume Growth
The company reported a substantial increase in sales volume across various product categories. In the Structural Pipes and Tubes segment, sales volume reached 67,020 tons in Q2 FY27, up from 56,617 tons in Q1 FY27 and 57,788 tons in Q2 FY26. Similarly, Pre-Galvanised (GP) Coils and Pipes saw a significant rise, with sales volume hitting 32,126 tons in Q2 FY27, compared to 29,814 tons in Q1 FY27 and 20,207 tons in Q2 FY26.
Product Category Performance
The sales volume for Stainless Steel Coils was 14,445 tons in Q2 FY27, slightly lower than the previous quarter’s 14,760 tons but still reflecting a healthy growth trend. The overall sales volume for Value Added Products totaled 1,13,591 tons in Q2 FY27, a notable increase from 1,01,191 tons in Q1 FY27 and 89,562 tons in Q2 FY26.
As a result, Sambahv Steel Tubes Limited continues to strengthen its market position and expand its portfolio of high-value products, ensuring sustained growth and stability in the competitive steel industry.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Sambhv Steel Tubes Limited
Sambhv Steel Tubes Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Sambhv gains 40.3% over three months and trades near its 52-week highs. Thin margins at 6.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 37.1% and profits at 33.0% CAGR. Both numbers are exceptional. 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. Both the business and the stock move in the right direction. Revenue grows at 37.1%, profits at 33.0%, and the PEG sits at 0.84 — below its growth rate. That combination is rare. Check Fundamentals of Sambhv Steel Tubes Limited.
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.
-
ADFFOODS3 days agoAdf Foods Limited (adffoods) to Install 950 Kwp Rooftop Solar Plant at Surat Facility
-
Apparel Manufacturing3 days agoNandani Creation Limited (jaipurkurt) Outlines Next Growth Phase
-
Basic Materials3 days agoSambahv Steel Tubes Limited (sambhv) Q2 FY27: Highest-ever Sales Volume for Value Added Products
-
Auto Parts2 days agoSedemac Mechatronics Limited Achieves Highest-ever Quarterly and TTM Sales of Control-intensive Ecus
-
AUROPHARMA1 day agoAurobindo Pharma Limited Receives Final Approval for Perampanel Tablets from USFDA
-
Credit Services2 days agoOnemi Technology Solutions Limited (kissht) Q2fy27 Business Update: User Base and AUM Surge
-
AUGMONT1 day agoAugmont Enterprises Limited (augmont) Wins First-ever ‘best Digital and E-commerce Company of the Year’ Award
