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By FY 2040, the sector is estimated to reach $1 trillion. Given that India is the world’s sixth-largest producer of chemicals and Asia’s third, the Indian chemical sector is well-positioned to capitalize on future opportunities. But this number dipped by half during the FY23 to ₹545 Crores.
share worth $170-180 billion in the global chemicals market in 2021. Broadly, it is projected to grow at a CAGR of 9-10% per annum to reach $290-310 billion in value by $290-310 billion by 2027 and eventually $850-1,000 billion in value by 2040 commanding a significant 10-12% of the global market.
This falls in line with the company’s target dividend payout ratio of 30-50 percent of the annual standalone PAT (Profit After Tax). They expect to be carbon neutral by the year CY 2040 across the entire supply chain. They have graciously doubled its dividend payout from 22 percent to 43 percent in the 5 year period. ROCE (%) 24.79
And I found it just that the environment, everything that I experienced that went through there and still have many good friends at the university and of course in Copenhagen that I still talk to, to this day about economics and what’s going on in financialmarkets Barry Ritholtz : And make me a little jealous.
Yeah, 00:22:02 [Speaker Changed] I think the greater in interconnectedness and the, the real time aspect of economics and the pass through of, of influences and, and in, in, in often just hours transmitted often through financialmarkets, that just adds to that. It’s, it never, it never stops. It never takes a break.
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