ALKYLAMINE - Alkyl Amines Chemicals Ltd. Share Price

Question: "Sir, last year, FY'25, we had seen a volume growth of close to around 13%. Just wanted to understand from you, what was the volume growth in this first half? And any indication of volume growth, which you can share for FY'26?"

Answer: "Nirav, the first half's volume growth has been marginally up from last year. However, we do not expect our normal 10%-15% growth this year due to various external factors. Therefore, volume growth will be subdued for FY'26."

Question: "Is the impact predominantly coming from the methylamines part, or is the ethylamines chain also impacted?"

Answer: "The impact is greater on methylamines than on ethylamines. Ethylamines remain largely domestically focused, thus minimizing competition and impact. However, while there is some effect on sales due to global demand changes, it's not as significant as with methylamines."

Question: "Sir, if you can also walk us through in terms of the current market size for methylamines and ethylamines in India?"

Answer: "The methylamine market is about 80,000 to 90,000 tons with a combined capacity exceeding 150,000 tons, affected by new entrants like Aarti Drugs. For ethylamines, the market size is estimated at 30,000 to 35,000 tons."

Question: "What is the CAPEX for the new product expected to launch by December?"

Answer: "The CAPEX is roughly Rs. 120 crores, with mechanical completion anticipated around February-March 2026. We expect commercialization in the first quarter of FY'26-27. This product mainly serves the dyes and pigments sector and is an import substitute."

Question: "Can you share your thoughts on acetonitrile and the impact of the anti-dumping duties?"

Answer: "Post-anti-dumping duties initiated in June, we experienced a spike in imports before those duties took effect. Prices improved slightly, but competitive pricing remains challenging due to aggressive Chinese pricing. We anticipate better market share and pricing moving forward."

Question: "What is the current capacity utilization for us in ethylamine?"

Answer: "Currently, we anticipate about 60%-70% capacity utilization for our ethylamine plant, commissioned 18 months ago, with substantial room for growth."

Question: "What is the direct export percentage to the US this H1 FY'26?"

Answer: "Our exposure to the US is about 4% of total exports, equating to possibly 1% of total sales. The mix includes various duty levels, complicating the overall impact of the US tariffs."

Question: "Is there a possibility of expanding capacities for acetonitrile in the future?"

Answer: "If demand warrants, we may consider capacity expansion, but decisions will depend on market growth and utilization rates. The last expansion was sizable, and any new investment will be carefully evaluated."