MCON Rasayan India Ltd.
NNSE:MCON40.40
INR
-2.10
(-4.94%)
ISIN
INE0O4M01019
Return %
Stock
S&P 500
1Y
-42.24
14.20
3Y
-71.14
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Semi-annual Revenue
INR
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Mahesh Ravji Bhanushali
- Full Time Employees
- 151
- Sector
- Non-energy minerals
- Industry
- Construction materials
- Address
- 101A, Max Heights, 10th Floor, Sonawala Cross Road, Goregaon (E) Mumbai MA India 400063
- IPO Date
- Mar 20, 2023
- Website
- mconrasayan.com
- Similar Companies
- Business
- MCON Rasayan India Ltd. manufactures and supplies construction chemicals, waterproofing solutions, and building finishing products under the MCON brand to the Indian construction and infrastructure sectors and overseas markets. The company offers a comprehensive portfolio spanning more than 100 products across 12 categories, including waterproofing systems such as poly-urethane based liquid membranes, Magic Coat S, Magic Screed, and Magic Coat PU; concrete admixtures and curing compounds; concrete repair systems like Steel Fibres, Crack Filler Paste, and Bond Urp; tile adhesives compliant with IS 15477:2019; wall putty; paints and external texture coatings; anti-corrosive coatings; ready-mix mortars such as Ready Plaster and Polymer Modified Mortar; and block jointing adhesives. Incorporated in 2016 and headquartered in Mumbai, Maharashtra, with manufacturing facilities in Valsad (Sarigam), Navsari, and the newly operational Ambethi plant in Vapi District, Gujarat, the company serves developers, contractors, architects, and government bodies through a network of over 100 distributors, 1,800 dealers, and retailers across seven states including Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar Pradesh, Karnataka, and Kerala. MCON Rasayan India Ltd. holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, along with ISI marks for select waterproofing admixtures and tile adhesives, and maintains an in-house R&D facility in Navi Mumbai for product innovation and quality testing. In recent developments, the company commenced commercial production at Phase 2 of its Ambethi manufacturing unit in December 2024, fully operationalizing the facility in FY2025 to support expanded capacity targeting INR 250 crores in turnover; established seven FOCO (Franchise Owned Company Operated) model partnerships and onboarded 11 new distributors with 39 dealers in Q1 FY26 to enhance asset-light expansion, particularly in paints for Tier-2/3 markets; and launched five new SKUs including Ready Mix Dry Concrete amid low-double-digit revenue growth to INR 13 crores despite monsoon impacts. These initiatives, coupled with upcoming infrastructure projects from entities like MCGM, STEM, and CPWD, underscore strategic shifts toward North India penetration, supply chain optimization, and retail strengthening.