Company Name: CAMLINFINE CMP: Rs 136 Market cap: Rs 2,140 crore Camlin Fine Sciences (CFS) is a specialty chemicals company with operations in India, China, Mexico, Europe, North America and Brazil. Its business comprises three segments—aroma products, shelf-life solutions and performance chemicals. Shelf-life solutions are essentially antioxidants used in food and beverages and animal feed. The products in this segment include ascorbyl palmitate, tertiary butylhydroquinone (TBHQ), butylated hydroxy anisole (BHA), and blends of chemicals. Performance chemicals are used in dyes, pigments, pharmaceuticals, and the agrochemical industries. These include, hydroquinone monomethyl ether (MEHQ), guaiacol, veratrole, among others. Aroma chemicals, such as vanillin, guethols, etc. are used in fragrances. As most of its products are items of daily consumption, their demand remains resilient. Its revenue was up 19.4 per cent compounded annual growth rate (CAGR) over FY16-21, and it is expected to deliver 12.6 per cent CAGR over FY21-24. Until a few quarters ago, the company had to source...