LAXMI ORGANIC INDUS LTD

Manufactures specialty and essential chemicals, with FY26 revenue of Rs 2,846.67 crore split between Essential Chemicals (71% of turnover) and Specialty Chemicals (29%), as disclosed in the FY26 BRSR. The Essentials business is built around ethyl acetate and acetic acid, with a world-scale ethyl acetate line at Lote (Maharashtra) commissioned in May 2026 and customer dispatches already underway. The Specialties business covers ketene/diketene, fluorinated products, and India's first commercial-scale Electrochemical Fluorination facility at Lote; Dahej Phase 2 ketene/diketene capacity is in chemical charging in Q1 FY27 with first revenues flagged from H2 FY27. End-uses cited across calls include pharma, printing & packaging, industrial solutions, and pigments, and a multi-year contract with Hitachi Energy covers SF6-free gas for grid equipment, with the project scheduled to commence in Q2 FY27. Materials are the dominant cost at 65.2% of revenue, with acetic acid and methanol as the key volatile inputs — acetic acid spiked above $700/tonne in March before moderating to $450-470. Exports contributed 32.11% of revenue across 56 countries in FY26, and the workforce totals 1,913 people (1,098 employees plus 815 workers).