💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents.

Geographic Revenue Split

Not disclosed in available documents.

Profitability Margins

The company reported a regime of unmodified audit opinions with no audit qualifications for the period ending March 31, 2025, indicating stable financial reporting integrity.

EBITDA Margin

Not disclosed in available documents.

Capital Expenditure

The company invested in a Special Purpose Vehicle (SPV), subscribing to 23,58,212 equity shares (6.67% stake) in Green Infra Renewable Energy Generation Private Limited to facilitate power purchase agreements.

Credit Rating & Borrowing

The company has been assigned a credit rating of BBB- / Stable by India Ratings and Research for its bank facilities.

⚙️ Operational Drivers

Raw Materials

Biomass (replacing approximately 50,000 MT of coal per year) and Steam are primary operational inputs. Biomass now accounts for a significant portion of fuel requirements to produce low carbon footprint products.

Import Sources

Not disclosed in available documents.

Key Suppliers

Not disclosed in available documents.

Capacity Expansion

Not disclosed in available documents.

Raw Material Costs

The switch from coal to biomass eliminated the usage of approximately 50,000 MT of coal annually. Raw material availability and price fluctuations are cited as critical factors affecting operations.

Manufacturing Efficiency

The induction turbine alternator produces 5,000 units of energy daily from steam let down, improving energy self-sufficiency.

Logistics & Distribution

Not disclosed in available documents.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

Growth is targeted through energy cost optimization (INR 3 Crore total annual savings identified), transitioning to green energy via a 6.67% stake in Green Infra Renewable Energy, and a strategic fuel switch to biomass to market low-carbon products.

Products & Services

Soda Ash (Alkali) and Ammonium Chloride (Fertilizers).

Brand Portfolio

Not disclosed in available documents.

New Products/Services

The company is focusing on producing 'low carbon footprint' products by eliminating coal usage, which may cater to environmentally conscious market segments.

Market Expansion

Not disclosed in available documents.

Market Share & Ranking

Not disclosed in available documents.

Strategic Alliances

The company entered a strategic investment in Green Infra Renewable Energy Generation Private Limited (6.67% stake) to secure power supply.

🌍 External Factors

Industry Trends

The industry is shifting toward sustainable manufacturing; the company is positioning itself by eliminating 50,000 MT of coal usage annually to reduce its carbon footprint.

Competitive Landscape

Not disclosed in available documents.

Competitive Moat

The company's integration with the SPIC group and its transition to biomass-based production provide a cost and sustainability advantage in the fertilizer and alkali sector.

Macro Economic Sensitivity

Operations are highly sensitive to domestic and overseas demand-supply conditions and general economic development within India.

Consumer Behavior

Not disclosed in available documents.

Geopolitical Risks

Not disclosed in available documents.

⚖️ Regulatory & Governance

Industry Regulations

The company adheres to the Water (Prevention and Control of Pollution) Act, 1974 and various SEBI (Prohibition of Insider Trading) and (LODR) Regulations.

Environmental Compliance

The company complies with the Water (Prevention and Control of Pollution) Act, 1974. Energy saving initiatives have resulted in a combined saving of INR 3 Crores per annum.

Taxation Policy Impact

Not disclosed in available documents.

Legal Contingencies

Not disclosed in available documents.

⚠️ Risk Analysis

Key Uncertainties

Fluctuations in raw material prices and changes in labor negotiations or tax laws represent key business uncertainties.

Geographic Concentration Risk

The primary manufacturing facility is located in Tuticorin, Tamil Nadu.

Third Party Dependencies

The company depends on the SPV Green Infra Renewable Energy for power purchase agreements.

Technology Obsolescence Risk

The company is upgrading technology, such as installing induction turbines and filter presses, to mitigate the risk of energy inefficiency.

Credit & Counterparty Risk

Not disclosed in available documents.