SK Minerals & Additives Limite

Manufactures and trades specialty chemicals built on a nitrogen-phosphorus chemistry platform, spanning three product lines: feed additives, food additives, and polymer additives. FY26 revenue of Rs 317.89 crore grew 50% year-on-year, with manufacturing volumes rising from 2,800 MT to 4,600 MT against total sales volumes of 46,000 MT — meaning most sales still flow through trading rather than in-house production. In-house manufacturing currently accounts for 23% of revenue, with a stated target to lift this to 50% over two-to-three years. A 400 MT/month halogen-free flame retardant plant ('HOFNIL') — claimed to be India's first — is in customer trials with five buyers and is expected to deliver ~40% gross margins at peak Rs 100 crore revenue. Materials are the largest cost line at 17.2% of revenue, a low share for a chemical company that reflects the trading-heavy mix. Working capital cycle stands at 110 days and is described as under optimisation.