Sadhana Nitro Chem Limited
SADHNANIQ.BO
Bombay Stock Exchange2.44
INR
-0.04
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Sadhana Nitro Chem Limited
SADHNANIQ.BO
(Bombay Stock Exchange)
Recent
price
2.44
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sadhana Nitro Chem Limited manufactures intermediate specialty chemicals, heavy organic chemicals, and performance chemicals, primarily benzene-based compounds including nitrobenzene, meta aminophenol, aniline 2,5 disulphonic acid, para aminophenol, colourformer ODB2, metanilic acid, ortho aminophenol, ammonium sulphate, and dibutyl keto acid; these products serve applications in pharmaceuticals, agrochemicals, dyes, cosmetics, aerospace, thermal paper, optical brightening agents, epoxy resin hardeners, and rubber chemicals. The company operates a manufacturing facility in Roha, Maharashtra, spanning 22 acres, with approximately 80% of sales directed to export markets including Japan, China, Switzerland, the United States, Germany, Europe, and South Korea; it serves marquee customers such as L'Oreal, Bayer Crop Science, Huntsman Advanced Materials, Teijin, Mitsui Chemicals, IPCA, Ricoh Paper, Koehler Paper, and Mitsubishi Paper. Sadhana Nitro Chem Limited, a subsidiary of Manekchand Panachand, maintains a 100% owned subsidiary, Anuchem b.v.b.a., in Antwerp, Belgium, to support European clientele; the company holds ISO 9001:2015 certification and government-recognized 2-Star Golden Export House status. Incorporated in 1973 and headquartered in Mumbai, India, Sadhana Nitro Chem Limited pursues vertical integration by producing nitrobenzene in-house as a key feedstock, enabling cost efficiency and insulation from supply disruptions; it recently received Production Linked Incentive (PLI) scheme approval for 36,000 TPA para aminophenol capacity and operates as the second global facility producing para aminophenol from nitrobenzene via a patented, zero-effluent green chemistry process. In November 2024, the National Company Law Tribunal approves Sadhana Nitro Chem's resolution plan to acquire Calchem Industries (India) Private Limited, including its plant, land, and machinery in Roha, for Rs 9.50 crores, enhancing infrastructure, operational synergies, and expansion capabilities due to proximity to existing facilities. Recent developments encompass board approval for a rights issue to raise up to Rs 49.95 crores at Rs 121 per share (Rs 120 premium) primarily for acquiring 126-acre land to establish a 15-20 MW solar and wind-powered green hydrogen facility for captive use and potential surplus sales; the company also gains approval to establish para aminophenol production, appoints Rakesh Kothari as CFO, considers bonus share declaration, and receives NCLT approval for merging Spidigo Net with the entity.