Archean Chemical Industries IPO - A Leading B2B Player In The Specialty Marine Chemicals: Geojit

Geojit Research's IPO Report

Archean Chemical Industries Ltd. is a leading marine specialty chemical manufacturer focused on producing and exporting bromine, industrial salt, and sulphate of potash.

Incorporated in 2003 at Chennai, Tamil Nadu, they are the largest exporter of bromine and industrial salt by volume in India. They produce the products from the brine reserves in the Rann of Kutch, Gujarat, and manufacture the products at the facility near Hajipir in Gujarat.

Archean Chemical Industries markets its products to 18 global customers and to 24 domestic customers.

The company has one of the lowest costs of production globally in both bromine and industrial salt. They have an Ebitda margin, profit after tax margin and return on capital employed of 41%, 17%, and 13%, respectively, in FY22.

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