In 2023, I watched CR7 light up the pitch for Al Nassr in Riyadh.
Yesterday, I finally stood in the Theatre of Dreams🏟️ & watching Utd play truly completed the ⭕️ for me as a lifelong Red🔴. Amazing exp. Hopefully we'll have a good season & UCL finish.
#Unforgettable#ManUtd
Looks like accumulation of building materials stocks by strong hands in anticipation of better numbers in FY26
Pipes & fittings, tiles & sanitaryware
Numbers have been disappointing for 5-6 Q's now
Will FY26 finally turn the corner for these?
PVC resin price reversal after five months
👉 Positive for plastic pipes players - Astral, Supreme Ind., Price Pipe, Finolex Ind
PVC resin prices hiked!
👍 PVC resin prices +Rs.1.5/Kg in the domestic market on 20th May, 2025
👉 PVC resin prices had been on downward declining from Rs 83 per kg in Nov-24 to Rs 72 per kg by May-25
Why is it Positive?
🤞 Reversal in PVC resin prices, plastic pipe distributors and channel partners are expected to begin restocking, which should benefit P&F players!
👉 Normalization of channel inventory is expected to drive 8–8.5% growth for the industry in FY26
Source: PL Note
@CNBCTV18News@CNBCTV18Live
Disclaimer - Not a buy/sell recommendation.
Only a high level view of how an entire industry has been suffering for the past few yrs. And everything looks depressed at the moment in a down-cycle.
4/
👨💼Management Outlook for FY26
📈Potential Growth Drivers
💡The sharp decline in PVC prices led to low channel inventories. With prices stabilising, restocking is expected to drive volume growth in FY26.
3/ PVC prices back to historical levels after cos. posted bumper inventory gains earlier.
While pipe cos. are suggesting prices bottoming out, resin producer #Epigral says, prices are expected to remain soft in coming qrts due to muted demand.
#PVCPipes witnessed severe downtrend in recent years. Market seems to be turning optimistic about the future now (custom index BO).
The PVC pipes industry saw a ~5-6% de-growth in FY25 due to weak demand, de-stocking, and volatile raw material prices.
High level view👇
1/n🧵
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You can ask/add more info to the analysis and keep expanding the report as needed e.g. customers, technical aspects, margins, operating leverage, industry outlook, Bull/Base/Bear scenario etc. but need to have some handle on the business to tweak the valuations.
Report on #CDMO business opp. for #Neuland#Bluejet#Aartipharm#AmiOrganics
Growth triggers, Capex, Mgt. outlook etc.
Impressive insights 🧵
Grok 🙌 great starting point for deep dives
"Its a CRIME to not learn how to use these tools"
≠ Buy/Sell 📞 Edu purpose only
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