Citichem India Ltd (CITICHEM) Share Price & Fundamentals

What we do

Citichem India Ltd is a major distributor and manufacturer of industrial chemicals serving sectors like textiles, pharmaceuticals, food, paints, and agrochemicals in India.

Founded in

1,992

Market share

One of the largest distributors of industrial chemicals with a diversified product portfolio and pan-India presence.

Problem solved

Offers reliable sourcing and supply of specialty, organic, and inorganic chemicals addressing industrial raw material needs with quality and timely delivery.

Top clients or who we serve

B2B clients across textiles, pharmaceuticals, food processing, paints, coatings, agrochemicals, and other manufacturing industries.

Key management

Managing Director Mr. Arif Esmail Merchant; Director Mr. Hashim Arif Merchant; Independent Directors include Ms. Valentina Priyanka Creado and Mr. Vijay Kumar Bhatt.

Our journey and innovations

Established in 1992, converted to public company in 1999, IPO launched in 2024-25, expanding with broad chemical product offerings and distribution network.

Where we operate

Mainly India, with focus on Maharashtra and other industrial hubs, serving diverse sectors nationwide.

Top products or what we offer

Caustic soda flakes, soda ash light, acetic acid, monosodium glutamate, and specialty chemicals for varied industries.

Top brands

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Raw materials needed

Raw chemicals like caustic soda, soda ash, acetic acid sourced for manufacturing and trading operations.

Raw materials supplier

Sourced from multiple industrial chemical manufacturers and importers.

Recurring vs cyclical contribution

Revenue largely recurring through established industrial supply contracts and steady demand in client industries.

Our industry position

Key player in chemical distribution with strong relationships and comprehensive product range securing market stance.

Financial highlights

FY 2024-25 revenue Rs 54.37 Cr with net profit Rs 1.23 Cr, showing stable profitability despite a slight revenue dip.

Geographical revenue split

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Order book

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Whats driving growth

Steady industrial demand, expanded product portfolio, robust distribution network, and recently raised IPO funds fueling growth.

Our future plans

Expanding chemical offerings, strengthening supply chain, and enhancing operational efficiency post IPO listing.

Our green promise

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Our people and values

Professional board with independent directors fostering governance; no major employee disclosures reported.

Key challenges ahead

Competitive market dynamics, raw material price volatility, and regulatory compliance challenges.

Interesting facts

Successfully converted from private to public company and raised Rs.12.6 Cr via IPO on SME platform in 2025.

Risks and strategy

Mitigates risks through strong governance, diversified client base, prudent financial controls, and compliance frameworks.