DAIKAFFIL CHEMICALS INDIA

This Mumbai based company, with a manufacturing unit in Tarapur makes chemicals in technical collaboration (no equity) with Japanese company, Daikaffil. It is the largest producer of Optical Brighteners for Textiles / Paper / Detergent Industries, Naphthol Grounders for Pigments and Intermediates for Pigment Red 170. Its clientele list includes names like Clariant, KIWA, ERCA spa, DAIKA (Japan).

It ended Q1FY16 on a much dull note. Net sales came in 33% (YoY) lower at Rs.6 crore and net profit was at Rs.30 lakh v/s Rs.49 lakh in previous Q1. The company’s equity is pretty small at Rs.6 crore. Promoters stake (Indian) is at 32.29%. Interestingly HGE Chemical SA,Luxemburg hold 12.5% stake in the company.