ARCHEAN CHEMICAL IND LTD

Produces bromine and industrial salt from Kutch-based operations, sitting among the few large-scale bromine makers globally. Around this core franchise, the company runs Acume Chemicals — a wholly-owned bromine derivatives subsidiary that turned EBITDA positive in Q1 FY27 — plus Idealis Mudchemie, a three-plant oilfield/mud chemicals unit, and a sulphate of potash (SOP) plant in early ramp-up. Forward growth platforms include SiCSem, a semiconductor subsidiary that signed a fiscal support agreement with the Government of India, and an 18.14% stake in UK-based Offgrid Energy Labs, which opened a 10 MWh zinc-bromide battery pilot in Hampshire in July 2026. Bromine long-term contracts have been largely renegotiated upward with effect from FY27. Logistics and freight are the dominant swing factor in costs — Kutch road construction has doubled trucking distance, adding ~₹200-220/ton, and the U.S.-Iran conflict pushed global freight and fuel sharply higher. Capex is heavy at 35.4% of revenue, reflecting the semiconductor, SOP and brine-field expansion build-out, while raw materials are a relatively small 8.1% of revenue.