Galaxy Surfactants IPO – Details, Price Band, Analysis
Galaxy Surfactants Limited – one of India’s leading manufacturers of surfactants and other speciality ingredients for the personal care and home care industries is planning to raise INR 937.06 Cr (OFS) via initial public offer (IPO)
Galaxy Surfactants – Company Profile
- Incorporated in the year 1986, Galaxy Surfactants Limited is today a global leader supplying a wide range of innovative products to over 1000 customers in 103 countries. These include the world’s leading brands.
- The Company has a wide range of specialty chemicals which includes Surfactants, Mild Surfactants, Rheology Modifiers, Pearlizing Agents, Conditioning Agents, blends based on innovative concepts, proteins, Quats for personal care.
Working Area
Galaxy’s portfolio is mainly designed to meet the customer’s needs in the Skin Care, Hair Care, Sun Care, Oral Care, Baby Care and Home Care markets.
Galaxy Surfactants – Client List
Almost all major FMCG companies in India are Galaxy surfactants customers. This includes Cavinkare Private Limited, Colgate-Palmolive (India) Limited, Dabur India Limited, Henkel, Himalaya, LOREAL, Procter & Gamble Home Products Private Limited, Reckitt Benckiser and Unilever.
Manufacturing Facilities and Employee
- The Company has 7 manufacturing facilities, out of which 5 are located in India and 2 are located overseas.
- The Company has over 1,200 employees.
Company Promoters
- Unnathan Shekhar
- Gopalkrishnan Ramakrishnan
- Shashikant Shanbhag
- Sudhir Dattaram Patil
IPO Opening / Closing Dates & Listing
IPO Details – Price, Minimum Bid and Other
Financial Performance
Revenues
Galaxy Surfactants shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 1582 Cr in FY 2013 to INR 2172 Cr for the period ended FY 2017. (1197 Cr till Sept 2017)
Profits
Though the company has shown steady growth in revenue, the company has also registered growth in profits in these 5 years. Starting from INR 0.278 Cr of profits in FY2013, the company’s earnings improved to INR 146 Cr for the period ended FY 2017. (75.16 Cr till Sept 2017)
CONCLUSION –
Considering company’s valuation, financial parameters, and the sector potential in which it is operating, FinBlab recommends SUBSCRIBE ratings on Galaxy Surfactants IPO.
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