Company Overview

Mahickra Chemicals Limited traces its origins back to 1997, when Mr. Mitesh Gandhi (Chairman and Managing Director) and Mr. Ashish Gandhi (Whole-time Director) established "Mahak Dyechem Industries" with the main focus to manufacture and specialize in the full range of Reactive Dyes. The company was originally constituted as a Partnership Firm with the name 'Mahak Dye Chem Industries' on June 21, 1994, and was subsequently converted into a Public Limited Company and renamed to "Mahickra Chemicals Limited" on November 13, 2017.

The company positions itself as one of the leaders amongst the dyestuffs manufacturer and exporter with worldwide presence. At its core, Mahickra manufactures Dyestuffs, Pigments, and Specialty Chemicals with an unwavering commitment to quality, upheld by a dedicated quality control team. The company has built a strong reputation in the chemicals manufacturing industry through its focus on innovation, quality, and customer satisfaction.

Business Operations and Products

The company's product profile includes Reactive Dyes, Direct Dyes, Acid Dyes, Synthetic Food Colors, Specialty Chemicals, and Pigment Powder & Emulsion. Mahickra specializes in a comprehensive range of Reactive Dyes branded as Nikazol and Nikafix, widely used in dyeing textiles. The company particularly specializes in Black Reactive Dyes and manufactures 40 various types of Reactive Dyes.

Mahickra Chemicals Limited is engaged in manufacturing and trading of chemicals and dyestuffs, with products including Reactive M Brand, Reactive H Brand, Reactive HE Brand, Reactive ME Brand, and Reactive VS Dyes. The Reactive H Brand refers to hot dyes used for printing of cellulose goods, while the Reactive HE Brand is used for exhaust dyeing of knitted fabrics. The Reactive ME Brand refers to Medium Exhaust dyes used for exhaust and continuous dyeing of cellulose fibers, and the Reactive VS Dyes refers to vinyl sulphone used for exhaust dyeing and cold pad batch process.

The company's products cater to the key industrial sectors of Textiles, Pharmaceutical & Packaging, making its area of business very wide. Mahickra serves various international markets, including Sri Lanka, Bangladesh, Pakistan, Zimbabwe, Netherlands, South Africa, Russia, Italy, Turkey, United States of America, Indonesia, and Korea.

Manufacturing Facilities and Location

The company operates four manufacturing facilities, two of which are dedicated to producing Reactive Dyes. The company is headquartered at Plot No. 1209, Phase - 3, G.I.D.C., Vatva, Ahmedabad - 382445, Gujarat, India. The manufacturing facility is situated at Vatva GIDC in Gujarat. With the establishment at VATVA, the company effectively utilizes the Common Effluent Treatment Plant to further treat outlets.

The company is equipped with excellent manufacturing facilities in-house, via which it has been successful in meeting the client's requirements in bulk. Mahickra also has a separate research and development team, who works with the commitment of developing new products and also imbibing new features into the existing products.

Certifications and Quality Standards

Mahickra Chemicals Ltd. is accredited with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. The company is also certified with GOTS v7.0 and ZDHC Level 3, and holds an Ecopassport from OekoTex. Furthermore, it is acknowledged as a 2-star government export house. These certifications demonstrate the company's commitment to quality, environmental management, and occupational health and safety standards.

Stock Market Presence

On April 26, 2018, Mahickra Chemicals Limited got listed on NSE SME platform. This underscores the company's dedication to expansion and market presence, positioning it for continued growth and success in the Chemicals Manufacturing Industry. Mahickra Chemicals Limited is a Public company incorporated on November 13, 2017, and is classified as a Non-government company registered at Registrar of Companies, Ahmedabad.

Financial Highlights

- Market Capitalization: ₹112 Crore (as of 2024, up 26.8% in 1 year)

- Revenue (Latest Data): ₹88.2 Crore

- Profit (Latest Data): ₹2.53 Crore

- Trailing 12-Month Operating Revenue: ₹277.25 Crore

- Promoter Holding: 48.6%

- PE Ratio: 93.18

- PB Ratio: 3.00

Leadership and Vision

The company is led by experienced promoters who have been in the dyestuffs industry for over two decades. The promoters of Mahickra Chemicals Ltd include Miteshkumar Champaklal Gandhi, Ashishkumar Champaklal Gandhi, Komal Mitesh Gandhi, Amisha Fenil Shah, Sona Bachani, Niren Atinbhai Desai, and Basari Mehta. The company's vision is to become an iconic Global House, which has wings in countries abroad - established solely by core values and relations with customers.

Customer satisfaction is paramount to the company, as it understands the unique needs of clients and develops enduring relationships based on trust and loyalty. Being a client-centric organization, Mahickra ensures that ethical business policies and transparency are employed at each and every step of the manufacturing process.

Mahickra Chemicals Limited continues to strengthen its position in the global dyestuffs market through its commitment to quality, innovation, and customer-centric approach, making it a notable player in the Indian chemicals sector.