&w=3840&q=100)
Mukul Agrawal portfolio stock up 87% from April; what's behind the rally?
Shares of Tatva Chintan Pharma Chem hit a 52-week high of ₹1,139, as they surged 12 per cent on the BSE in Friday's intra-day trade in an otherwise weak market. A sharp surge in stock price after the company reported healthy earnings for the quarter ended June 2025 (Q1FY26).
The stock price of the smallcap specialty chemicals surpassed its previous high of ₹1,101.40 touched on September 25, 2024. It has zoomed by 87 per cent from its 52-week low of ₹610 hit on April 7, 2025.
At 09:40 AM; Tatva Chintan Pharma Chem was trading 10 per cent higher at ₹1,119.15, as compared to 0.35 per cent decline in the BSE Sensex.
Q1 results - Tatva Chintan Pharma Chem
For the April to June 2025 quarter (Q1FY26), Tatva Chintan Pharma Chem reported 33.7 per cent year-on-year (YoY) jump in consolidated profit after tax at ₹6.65 crore. Revenue from operations grew 10.8 per cent at ₹116.86 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 37.4 per cent YoY at ₹17.33 crore; margins improvement 280 bps at 14.8 per cent.
The company manufactures Structure Directing Agents (SDA), Phase Transfer Catalysts, Electrolyte Salts for Super Capacitor Batteries and Pharma & Agro Intermediates and Specialty Chemicals.
Trends in specialty chemicals landscape
The Indian chemical industry got advantage vs China due to Trust deficit between China and the US; stringent environmental regulations since 2015 and large-scale shutdowns in China; customers preference to de-risk the supply chain led to China+1 policy; geopolitical shift after the outbreak of Covid-19 and increased cost of labour.
With an increasing awareness of the ill effects of certain chemicals on humans and the environment, there is a growing trend in the chemicals industry to shift towards what is known as 'green' chemicals or more accurately sustainable chemistry.
Meanwhile, China holds 39% share in the global chemical industry of which exportable specialty chemicals accounts for ~15-17 per cent while India accounts for merely 1-2 per cent indicating widespread opportunity. The spillover impact of China's declining competitiveness has set the stage for India to intensify its effort to capture larger market share, the company said.
Meanwhile, during FY 25, one of the major products of the company SDA (Structure Directing Agents) saw moderation in offtake from its major export destination which is China. Due to higher adoption of LNG Powered trucks by Chinese companies, the company saw substantial decline in SDA demand from Chinese consumers.
Further, the Group will be entering into the commercial phase of new products in FY 26 and offtake of new products will be crucial for improvement of business risk profile, Crisil Ratings said in its rationale.
Mukul Mahavir Agrawal holds over 1 per cent holding in Tatva Chintan Pharma Chem
Investor Mukul Mahavir Agrawal held 300,000 equity shares or 1.28 per cent stake in Tatva Chintan Pharma Chem at the end of June 2025 quarter, the shareholding pattern data shows.
Mukul Agrawal held NIL or less than 1 per cent holding in the company at the end of March 2025 quarter, the data shows.
According to information available, Mukul Mahavir Agrawal holds over 1 per cent stake in other notable listed companies, including BSE, Neuland Laboratories, Radico Khaitan, Nuvama Wealth Management, PTC Industries and LT Foods.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
4 minutes ago
- Hindustan Times
A road map for the Quad Critical Minerals Initiative
At the Quad foreign ministers' meeting in Washington earlier this month, Australia, India, Japan and the US announced a Quad Critical Minerals Initiative (QCMI) — a signal of shared intent, but one still in search of substance. China has asserted its dominance in critical minerals — first through export controls on gallium and germanium, and more recently by curbing rare earth shipments. The US responded with executive orders to secure supply chains. Allies are moving to re-shore and diversify. The logic is clear: From electric vehicles (EVs) to jet engines and semiconductors, critical minerals will shape both economic competitiveness and strategic autonomy in the 21st century. Despite growing convergence, Quad members differ on which minerals are 'critical' to them. India lists 30 minerals, such as copper, cadmium and potash for agriculture and energy needs. The US list of 50 minerals emphasises aluminium, barite and graphite for the defence and tech industries. Australia focuses on 31 minerals, including lithium, rare earth elements (REEs) and zirconium. Japan's list of 35 minerals emphasises gallium, dysprosium and yttrium. Quad has 20 minerals in common — including cobalt, graphite, lithium and REEs — low-hanging fruit for alignment. Yet, 36 minerals are unique to just one member, opening opportunities for swaps and co-investment. Quad supply chains remain highly vulnerable, especially graphite, copper, REEs and lithium. For example, China dominates REE refining, accounting for more than 90% of global capacity. The US lacks heavy REE separation. India, despite significant reserves, produces just 1% of global output. Even Australia's only major non-Chinese producer, Lynas, depends on China for refining. Japan, targeted by China's 2010 export ban, still sources more than half of its REEs from China. This is illustrative of the larger vulnerabilities of the Quad supply chain. India is 100% import dependent for its lithium, cobalt and nickel needs. The US lacks refining capacity, while Japan compensates with export-grade refining expertise. Australia holds the upstream edge but relies on external processing. India faces dual challenges: import dependence and limited domestic processing. However, growing demand from EVs and solar energy creates incentives for integration. The government has introduced sweeping reforms, from a National Critical Mineral Mission (NCMM) to duty exemptions on critical minerals and scrap metal imports. With the right partnerships, India can emerge as a hub for minerals processing and manufacturing. India's critical minerals sector, especially downstream, is not yet globally competitive. But a nascent market is not a novel challenge. India built its IT services hub through telecoms investments, tax incentives and talent development. Japan spurred semiconductor growth via co-ordination and export credit, while Australia built lithium dominance through exploration incentives and export infrastructure. Even China, the global EV leader, invested ₹12 trillion ($230 billion) to build its ecosystem in battery R&D and manufacturing. Critical minerals policy is fragmented across nations and industries. Without a co-ordinating forum, exploration, ESG standards and procurements remain unaligned. The QMCI could serve as a government-industry platform to align policies, share analysis, harmonise standards and co-ordinate projects. Pooling expertise and negotiating power can dismantle barriers to diversified supply chains as shown by the US-led Minerals Security Partnership and G7 Sustainable Critical Minerals Alliance. The QMCI should go beyond convening towards joint stockpiling, financing and standards harmonisation efforts to improve offtake. Access to patient capital is a major hurdle for critical minerals projects, which require high investments and long timelines. BloombergNEF estimates ₹179 trillion ($2.1 trillion) will be needed by 2050 to meet global demand for transition metals — about ₹5.9 trillion ($70 billion) annually. A supply-demand mismatch will threaten net-zero targets and clean energy scalability. To address this, the QMCI should establish a joint Critical Minerals Investment Platform to pool concessional finance, like the US-Qatar-backed TechMet sovereign fund, worth ₹24.3 billion ($285 million), or Australia's ₹222 billion ($2.6 billion) Critical Minerals Facility. These efforts underscore how strategically deploying public capital through joint vehicles can derisk frontier mineral ecosystems. Technological fragmentation and R&D underinvestment are slowing minerals sector growth. Of the ₹4.2 trillion ($49.7 billion) invested in global public R&D in 2023, only a small fraction went to critical minerals. Mining talent pipelines also lag demand. While the US and Australia face shortages, India's 110 mining engineering colleges produce an exponentially higher number of graduates annually, suggesting strong complementarity. Without co-ordinated R&D and talent investment, the Quad risks missing productivity gains needed for value-added mineral activities. In the coming decade, countries setting standards, financing infrastructure and training workforces for critical minerals will shape the next industrial era. The Quad can lead this transformation — or be compelled to follow others, at its cost. Kaira Rakheja is energy analyst, IEEFA South Asia, and Akshat Singh is an independent policy consultant and previously was an associate fellow at the Center for Strategic and International Studies (CSIS). The views expressed are personal
Indian Express
4 minutes ago
- Indian Express
US, China officials to hold trade talks in Stockholm: What to expect?
Senior officials from the United States and China will meet in Stockholm today to discuss trade and economic issues, in what both sides describe as a step toward easing tensions. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will be meeting for the third time this year, nearly four months after President Donald Trump proposed sweeping tariffs, including an import tax of up to 145% on Chinese goods. The meeting is also expected to lay the groundwork for a potential meeting between Trump and Chinese President Xi Jinping later this year. The planned meeting in the Swedish capital is part of broader efforts by both countries to stabilise a relationship that has been strained by trade disputes, technology competition, and geopolitical rivalry. While officials have kept the agenda under wraps, it is expected, as per AP, that the discussions will cover: This could be the first real opportunity for the two governments to address structural reform issues including market access in China for US companies, said Sean Stein, president of the US-China Business Council, as per AP. The US imposed a 20% tariff on fentanyl-related products earlier this year. China responded with a 10% tariff on US goods. In July, China placed two fentanyl precursor chemicals under enhanced control. Gabriel Wildau, managing director at the consultancy Teneo, said major relief is unlikely. 'It's possible that Trump would cancel the 20% tariff that he has explicitly linked with fentanyl… but I would expect the final tariff level on China to be at least as high as the 15–20% rate contained in the recent deals with Japan, Indonesia, Vietnam.' A key concern for Washington is China's industrial overcapacity. 'Right now, many companies, especially in manufacturing, feel quite deeply that China's manufacturing capacity is so strong, and the Chinese people are incredibly diligent,' Chinese Premier Li Qiang said on Thursday, as per Bloomberg News. 'Factories run 24 hours a day.' The US is expected to pressure China on reducing oil purchases from Russia and Iran. The Stockholm talks will be 'geared towards building a trade agreement based around Chinese purchase commitments and pledges of investment in the US in exchange for partial relief from US tariffs and export controls,' Wildau said, as per AP. (With inputs from AP)
The Hindu
4 minutes ago
- The Hindu
Coffee flavour wheel in Indian languages for baristas and farmers
At his Barista Training Academy in Panchsheel Park, New Delhi, Vinny Varghese is brewing more than just good coffee — he is creating an inclusive vocabulary for how we talk about it. Last year, the seasoned barista and co-founder translated the globally recognised Coffee Flavour Wheel into Hindi, which took him 10 days to complete. Now, he is expanding the project to six more Indian languages, including Tamil, Malayalam, Punjabi, Assamese, and Bengali. For each regional version, Vinny — known in the coffee community as Binny — has collaborated with connoisseurs from those linguistic and cultural backgrounds to ensure accuracy and authenticity. 'The idea is to help Indian coffee lovers and professionals connect more deeply with the beverage, in their own language,' he says. Originally developed by the Specialty Coffee Association in 1995 in US, the Coffee Flavour Wheel is a detailed chart that helps classify and describe different coffee flavours based on taste and aroma. It is widely used by roasters, baristas and enthusiasts to articulate a brew's profile, and to help customers better understand their preferences. Binny breaks it down: 'There are three levels to the wheel. The innermost circle consists of nine broad categories — sweet, floral, fruity, sour, green, other, roasted, spices, and nutty/cocoa. The second layer refines these into more specific descriptors like citrus fruits, berries or dried fruit under the fruity umbrella. The outermost circle offers even finer nuances pinpointing the exact flavour notes in each category.' With these translations, the once-intimidating flavour lexicon becomes far more approachable. What inspired Vinny to reimagine the Coffee Flavour Wheel in Indian languages? The answer, as with most things in coffee, lies in making that taste accessible. 'At the Barista Training Academy, many of our students aren't fluent in English, nor are they familiar with global flavour references like 'blueberry' or 'green apple',' he says. 'But they know jamun. They know amla. The idea was to create something relatable, so that whether you're a barista, a farmer, or someone who enjoys coffee, you can understand what you're tasting in your own words.' Each chart is translated into colloquial versions of Hindi, Tamil, or whichever language it is being developed in — dialects and phrasing that students actually use. This is no stiff textbook translation. 'So where the original flavour wheel says 'roast', the Hindi version might say bhuna hua or halka bhuna hua,' Vinny explains. 'For a dark roast, we've gone with jala-hua, not because it's literally burnt, but because it conveys that familiar smoky, acidic sharpness.' For now, the regional flavour wheels are displayed at the Barista Training Academy for its students. English versions sit side by side with their Indian counterparts, giving learners the context and confidence to describe what they are tasting. The flavour wheels in select regional languages are currently available at the Barista Training Academy.
