LXCHEM - HOPEFULLY THIS TIME IT GIVES BREAKOUT

昨日

Hello, Everyone. I hope you all will be doing well in your life and investing. Today I brought another stock with an investment idea that had been consolidated for a long time. Now it looks like that stock is ready to break out. CMP is 275, and 244 and 230 are strong support. Upside 281 and 310 are strong resistance. If it breaks, then no stop after that. Targets are as per Fibbo.
Lets see…
It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future.

Source: Screener.in

Laxmi Organic Industries Ltd
About
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s business operations are carried in over 30 countries including 11 offices located in India
Key Points
Leadership
Top supplier in India and amongst top 3 players globally (ex. China) in Essentials and among top 5 globally in Specialties.
Product Portfolio
Company offers a product portfolio, including Acetyl Intermediates, Specialty Intermediates, and soon-to-be-launched Fluorine Intermediates. It serves various industries, including Pharmaceuticals, Agrochemicals, Inks and Paints, Coatings, Printing, Packaging, Adhesives, Dyes and Pigments, Flavour and Fragrance, etc.
The company has 50+ products in its portfolio.
Revenue Split FY24
Essential - 35%
Specialty - 67%
User Industries
Essentials - Pharmaceuticals, Agrochemicals, Inks & Paints, Coatings, Printings Packaging Adhesives, Fragrance & Flavour
Specialties - Pharmaceuticals, Agrochemicals, Dyes & Pigments, Fragrance & Flavour, Electronics, Thermal Fluids, Paints & Coating, Flame Redundant
Geographical Split FY24
India - 70%
Export - 30%
The Company has presence in 52+ countries with operations in Europe, China, and others reaching 620+ customers through exports in FY24.
Export Split FY24
Europe - 32%
Rest of Asia Pacific - 19%
Africa - 8%
America - 26%
Middle East - 14%
Industry wise split FY24
Pharma - 43%
Printing & packaging - 30%
Agro - 11%
Colour & Pigment - 15%
Manufacturing Facilities
The company has 4 Manufacturing facilities, for the Acetyl Intermediates (AI), Speciality Intermediates (SI), and Fluorospeciality Intermediates (FI) businesses and 2 Distilleries for manufacturing ethanol, located in Satara and Kolhapur, Maharashtra. The Company's AI capacity exceeds 2,32,000 MTPA.
1 Mahad has 2 plants with Product Mix of Essentials – 60%, Specialties – 40%.
2 Dahej - As of FY24, the land is only 20% occupied. Proposed product mix is Specialties (65%), Essentials (35%). Production will commence in Q1FY25.
3 Lote - As of FY24, the land is only 50% occupied. It only produces Specialties (100%)
The company also has third party storage tank agreements in Italy, Belgium and Netherlands. The company has offices in China, Netherlands and Italy.`
Capex
The company is planning to invest ~Rs. 550 crs. in Lote facility and Rs. 710 crs. in Dahej facility. Bhoomi Pujan done at Dahej site in May,24.
Merger
The company has proposed to merge its WOS Yellowstone Fine Chemicals Private Limited. YFCPL has been engaged in the business of manufacturing of fluoro specialty products and other chemical products.



This is just to boost my confidence. No Suggestions for buying.

Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.