Accent Microcell Ltd - Stock Valuation and Financial Performance

Accent Microcell was originally incorporated on April 10, 2012 as a Private Limited Company as ‘Accent Microcell Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Pursuant to a special resolution passed by the Shareholders at their Extra ordinary General Meeting held on December 05, 2022, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to ‘Accent Microcell Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 23, 2022 by the Registrar of Companies, Ahmedabad.

The company has carved a niche in the production of high-quality cellulose-based excipients, that meet international quality standards. With its two state of the art manufacturing facilities located at Pirana Road, Ahmedabad and Dahej, SEZ (Bharuch), it has developed a strong global sales model, as it is serving customers across India and in more than 45 countries including USA, Canada, Germany, UK, Japan, China, Australia, Korea, Netherlands, Turkey, Vietnam, Italy, Indonesia, Poland, Egypt, France, Thailand, New Zealand, Brazil, Russia, Mexico, Chile, Zimbawe, Denmark, Greece and many others.

Presently, it majorly manufactures Microcrystalline Cellulose (MCC). MCC is an odourless, fine white powder & a purified form of cellulose, which is derived from refinement of highly purified wood pulp. It is widely used as texturizer, anticaking agent, binder, lubricant, a bulking agent, diluent which finds a wide range of applications in Pharmaceutical, Nutraceutical, Food, Cosmetic and other industries. It manufactures 22 grades of MCC, with particle sizes ranging from 20 microns to 180 microns. The major grades of MCC manufactured and marketed by the company are branded under the name ‘accel’. Besides ‘accel’ it also sells its products under the name ‘acrocell’, ‘maccel’ and ‘Vincel’.

During the production process, the various grades of MCC are distinguished using different drying techniques used by the company. It manufactures products by two drying techniques which are branded under different brand names. In the company MCC, MCC Spheres, SMCC, MCC with CMC are manufactured with spray dried products which are branded as ‘accel’. These products are known for its premium quality due to its physical properties such as direct compression, particle size, density, flow, tableting properties etc. On the other hand MCC, SMCC are manufactured with spin flash dried which is branded as ‘Vincel’.

Business area of the company

The company is engaged in the manufacturing business of Pharmaceutical Excipients Range of Product.

Products of the company 

• accel - Microcrystalline Cellulose (MCC)
• accel - Microcrystalline Cellulose Spheres (MCC Spheres)
• accel - Silicified Microcrystalline Cellulose (SMCC)
• accel - Powdered Cellulose (PC)
• acrocell - Croscarmellose Sodium (CCS)
• maccel - Magnesium Stearate (MS)
• RC - Microcrystalline Cellulose with Carboxy Methyl Cellulose (Co-Processed)

History and milestones

• 2012: Incorporation of the company as a Private Limited Company with the name of ‘Accent Microcell Private Limited’ vision with a focus of expansion on a global platform along with value addition to healthcare and life.
• 2012: Executed slump sale agreement between the company and M/s Accent Microcell Industries, previously run by its Promoters since 2002 by acquiring all the Assets and Liabilities of M/s Accent Microcell Industries.
• 2013: Set up new plant i.e., Unit II (Dahej -SEZ) to cater the global customer cost competitiveness.
• 2014: Install Metal detector at Dahej Plant with a view to capture heavy metal impurities in the finished products.
• 2015: Started to work on annual agreements or on contract basis oversees. Major countries covered were USA, EU regions, Australia, Indonesia.
• 2016: Certified by FSSC-22000.
• 2017: Introduced new Products Accel 591, Accel 581, Accel S.
• 2017: Installed new Spray dryer at Dahej Unit-II.
• 2017: Maccel, Acrocell, RC.
• 2022: Converted to Public Limited Company - consequently, the name of the Company was changed to ‘Accent Microcell Limited’.