Market's newcomers: Chemcon Specialty Chemicals & Angel Broking

Chemcon Specialty Chemicals Chemcon is a niche specialty-chemicals player that manufactures pharmaceutical chemicals (HMDS and CMIC) and oil-well completion chemicals across its seven plants having a 21,600 MTPA capacity. Along with catering to domestic pharma companies such as Aurobindo, Laurus Labs, etc., it also exports to various countries, which make for around 40 per cent of its revenue. The company is the only domestic manufacturer of the chemical HMDS (over 10 per cent of global market share), while it is the largest domestic manufacturer of the chemical CMIC (over 17 per cent). Its products are in a sweet spot as they are too big for a small-scale industry and too small for a large one. Complex chemistry, a long client gestation period and niche product segmentation provide Chemcon with a moderate degree of competitive advanta