Atul Ltd approves Rs 167 cr capex for new herbicide capacity

Capex & Operations View source PDF Explain this filing

ATUL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.6%Reaction day

₹6145.00

prior close

₹6168.00

announcement price

In-mkt

timing

Nifty Smallcap 250market-0.3%+5.9% vs market

Specialty Chemicals peers, median of 92sector-0.1%+5.7% vs sector

On the reaction day the stock moved 5.9 pts more than Nifty Smallcap 250 and 5.7 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

+1.4

15m

+0.9

30m

+2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.6-0.3+5.9-0.1+5.7

Next day

+10.2+1.0+9.2+1.3+8.9

+8.6+0.5+8.1+0.4+8.2

+10.5+1.9+8.7+0.9+9.7

+11.0+1.1+9.9-0.7+11.7

+9.6+1.5+8.0+0.1+9.4

+10.2+3.1+7.1+1.8+8.4

15d

+9.4+3.6+5.9+3.1+6.3

+4.3+4.1+0.2+2.2+2.1

+0.8+2.9-2.0+3.1-2.3

-12.9-6.1-6.8-6.2-6.7

UpDownMarket · Nifty Smallcap 250Sector · Specialty Chemicals peers, median of 92Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Atul Ltd board approved Rs 167 cr capex, funded entirely through internal accruals, to set up a new manufacturing facility for MCPP-p (1,000 tpa) and MCPA (750 tpa). Current capacity for these is nil, making this a fresh greenfield addition. The project will be completed in 67 weeks. The aim is to grow the phenoxy herbicides portfolio and produce value-added downstream products from o-Cresol and MCA.

Likely market impact

Diversifies product mix into phenoxy herbicides with no debt burden. Earnings contribution expected only after commissioning, likely from FY28 onwards.