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Citichem India Ltd Stock performance
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KEY OBSERVATIONS

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noteAnnual Revenue,rose 179.18%, in the last year to ₹54.73 Cr. Its sector's average revenue growth for the last fiscal year was 6.03%.
noteAnnual Net Profit,rose 9.87% in the last year to ₹1.23 Cr. Its sector's average net profit growth for the last fiscal year was 28.72%.
notePrice to Earning Ratio,is 15.35, lower than its sector PE ratio of 37.39.
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Citichem India Limited was originally incorporated as ‘Citichem Alkalies (Bombay) Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act, pursuant to a certificate of incorporation dated March 18, 1992, issued by the RoC, Mumbai. Subsequently, the company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on March 01, 1999 and consequently the name of the company was changed to ‘Citichem Alkalies (Bombay) Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai dated March 23, 1999. Thereafter, the name of the company was changed to Citichem India Ltd and a fresh certificate of incorporation dated April 07, 1999 was issued by the RoC, Mumbai.The company is mainly engaged in the buying, procuring, and supplying, of organic and inorganic chemicals, bulk drugs, and, food chemicals to pharmaceutical industry. The traded speciality chemicals and intermediates have a wide application in aluminium, steel, textiles, paper, dairy, paints, dyes intermediates, soap making, pharma, food and adhesive Industry. The company also supplies food preventives and chemicals under its own brand name which is thereafter converted into sales in their own books by the distribution team who ensures safe delivery of bulk supply.With the combined experience of its Promoters for many years with their expertise in sourcing, negotiating, procuring, and supplying of organic, and inorganic chemicals to the pharmaceutical industry, and with the existing long-standing clientele, the company aims to further expand, and diversify their procurement sources and achieve growth by multiplying the supply chain of the chemicals to the said industry. Its Promoters have a clear vision about the strong growth prospects with a view of the expanding their market size in India year on year basis.Business area of the companyThe company is primarily engaged in business of trading Importers and manufactures of organic, Inorganic, Specialty and food chemicals. Primary deal products caustic soda flaks, caustic SDA lye, soda ash light, acetic acid and mono sodium glutamate etc.Products of the companyCaustic soda flakesCaustic soda lyeCitric acid monohydrateHydrogen peroxideUrea technical gradeSoda bicarbPhthalic anhydrideMaleic anhydrideHydrochloric acidAluminum chloride anhydrousPyrolysis oilThioureaHistory and milestonesMarch 18, 1992: Incorporation of the company.March 23, 1999: Conversion of Company from Private Limited to Public Limited.April 17, 1999: Change in Name of the company from Citichem Alkailes (Bombay) Ltd to Citichem India Ltd.
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