Shiv Texchem Ltd - Stock Valuation and Financial Performance

Shiv Texchem Limited was originally incorporated as ‘Shiv Texchem Private Limited’ as a private limited company under the provisions of the Companies Act, 1956, pursuant to certificate of incorporation dated March 31, 2005, issued by Registrar of Companies, Maharashtra, Mumbai. (ROC/ Registrar of Companies), with the name ‘Shiv Texchem Private Limited’. It is primarily engaged in the business of importing and distribution of hydrocarbon-based chemicals. Subsequently, the Company was converted from a private limited company to a public limited company pursuant to special resolution passed by its shareholders at an Extra-Ordinary General held on June 11, 2024, and the name of the company was subsequently changed to ‘Shiv Texchem Limited.’ A fresh certificate of incorporation consequent to conversion dated July 05, 2024, was issued by the Registrar of Companies.

The company is primarily engaged in the business of importing and distributing hydrocarbon-based chemicals that are crucial raw materials for a wide range of industries including paints, coatings, printing inks, agro-chemicals, polymers, pharmaceuticals, and industrial chemicals. Serving as preferred sourcing partners, it aggregates customer orders and engage with global producers and suppliers to negotiate pricing, specifications, quantities, and delivery schedules. 

In the petrochemical industry, there is a wide array of base chemicals that serve as the foundation for various derivative chemicals. These chemicals serve as secondary and tertiary chemicals for application in various industries. Its business focuses on the import and redistribution of these secondary and tertiary chemicals, which are essential raw materials for multiple industries. It manages the supply chain of these secondary and tertiary chemicals derived from base chemicals. For example, benzene serves as a fundamental building block for producing essential secondary and tertiary chemicals such as phenol, styrene and aniline. These secondary and tertiary chemicals are indispensable base raw material inputs in various industries including paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. 

Its role involves sourcing these chemicals from international producers and suppliers, redistributing them to domestic industries, and ensuring sufficient and timely supply to manufacturers. By handling the import and distribution of these essential raw materials, it supports various industries in accessing high-quality chemicals for their manufacturing processes. It bridges the gap between global suppliers and local industries, ensuring a steady and reliable supply of crucial chemicals.

Business area of the company

The company is primarily engaged in the business of importing and distribution of hydrocarbon-based chemicals.

Products of the company

• Acetyls
• Alcohol
• Aromatics & Blended Stock
• Inorganics and Allied
• Phenolic & Ketones
• Isocyanates
• Intermediate and Basic Chemicals
• Monomers
• Glycol

Awards and accreditations

• 2022: Recipient of the ‘Superstar of the Year’ Grasim Award at the Lakshya Channel Partners Meet.

History and milestones

• 2005: Incorporation of the Company ‘Shiv Texchem Private Limited’ as private limited company Started operation with sulphuric acid and caustic 
• 2005: Achieved annual revenue of Rs 1,000.00 lakh. 
• 2014: Achieved annual revenue of Rs 5,000.00 lakh. 
• 2014: Consolidated position in sulphuric acid and caustic. 
• 2019: Achieved annual revenue of Rs 20,000.00 lakh 
• 2019: Added new product viz., Phenol. 
• 2019: Received ‘Best Dealer’ award from Grasim Limited. 
• 2022: Product portfolio crossed 20 products. 
• 2023: Achieved annual revenue of Rs 1,00,000.00 lakh. 
• 2024: Conversion of the company from Private Limited to Public Limited Company. 
• 2024: Achieved annual revenue of Rs 1,50,000.00 lakh with portfolio of 39 products Expanded its presence in India.