AksharChem (India) Ltd. (Formerly Known as Audichem (India) Ltd.) was promoted by Mrs. Paru M. Jaykrishna in 1989. The Company is headquartered in the chemical belt of Mehsana (Gujarat) with a total manufacturing capacity of 23,400 metric tonnes per annum (MTPA). Presently, the Company is in the field of inorganic chemicals (Precipitated Silica) for tyre and rubber manufacturers.The Company is one of the leading chemicals manufacturing company based in India with a focus on exports to over 20 countries. Our product offerings fall into two categories organic chemicals and inorganic chemicals, which further diversified into Vinyl Sulphone, H Acid, CPC Green in organic chemicals and Precipitated Silica in inorganic chemicals. Out of which organic chemicals have multiple applications in textile, inks, plastics and paints industries and inorganic chemicals have applications in tyre, rubber, agrochemical and animal feed industries.During the year 201415, the Court approved Scheme of Arrangement through demerger and transfer of CPC Green Division of Asahi Songwon Colors Limited to the Company and consequential restructure of the Share Capital of Asahi Songwon Colors Limited dated November 29, 2014, which became effective from December 2, 2014. Consequent upon the Scheme, all the assets and liabilities of CPC Green Division of Asahi Songwon Colors Limited were transferred to the Company on the Appointed date i.e. April 1, 2014. Pursuant to Scheme of Arrangement in the nature of demerger and transfer of CPC Green division from Asahi Songwon Colors Limited along with the Vinyl Sulphone (VS), new product namely CPC Green was introduced in the business of the Company in 201415.During the year 201516 the Company acquired one subsidiary namely M/s. Akshar Pigments Pvt. Ltd. by acquiring 99.90% stake therein and also subscribed 51% stake of M/s. Chhatral Environment Management System Private Limited, however subsequently sold the entire stake in M/s. Chhatral Environment System Pvt. Ltd. Hence, at the end of the financial year the Company had one subsidiary company namely M/s. Akshar Pigments Private Limited.During 201718, the Company announced the Capex plan of Rs 175 Crores is in Specialty Chemicals, Dyes Intermediates and Organic Pigments. The Share Capital of Company increased through Qualified Institutions Placement of 8,89,690 Equity Shares of Rs 10 each of the Company to Qualified Institutional Buyers, and accordingly, due to this the percentage of the holding of promoters of the Company changed and reduced to 62.70% from 70.33% in 201718.The Company commissioned Precipitated Silica plant at Dahej in 202021,
What is the current share price of AksharChem (India) Ltd today on both NSE and BSE?
AksharChem (India) Ltd shares are currently priced at 326.15 on NSE and 324.45 on BSE as of 7/25/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has AksharChem (India) Ltd [AKSHARCHEM] shares performed in the past ?
The past 1-year return of AksharChem (India) Ltd [AKSHARCHEM] share was 36.2. The AksharChem (India) Ltd [AKSHARCHEM] share hit a 1-year low of Rs. 231.25 and a 1-year high of Rs. 365.5.
What is the market cap of AksharChem (India) Ltd [AKSHARCHEM] ?
The market cap of AksharChem (India) Ltd is Rs. 262 Cr. as of 7/25/2024 12:00:00 AM.
What is the current P/E ratio of AksharChem (India) Ltd [AKSHARCHEM] share price ?
The PE ratios of AksharChem (India) Ltd is 0 as of 7/25/2024 12:00:00 AM.
What is the current PB ratio of AksharChem (India) Ltd [AKSHARCHEM] share price ?
The PB ratios of AksharChem (India) Ltd is 1 as of 7/25/2024 12:00:00 AM
What is the Mutual Fund shareholding in AksharChem (India) Ltd?
The Mutual Fund Shareholding was 0.06% at the end of 7/25/2024 12:00:00 AM.
How can I buy AksharChem (India) Ltd shares?
You can easily buy AksharChem (India) Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.