What we do Hindcon Chemicals Ltd manufactures a broad range of chemical products mainly for the construction industry, including waterproofing, concrete admixtures, and tile adhesives. |
Founded in 1,998 |
Market share A leading player in construction chemicals with over 120 products and strong market presence in India. |
Problem solved Provides eco-friendly chemical solutions enhancing construction durability, waterproofing, adhesion, and rust protection. |
Top clients or who we serve Major construction firms including Larsen & Toubro, Gammon India; primarily B2B serving infrastructure and construction sectors. |
Key management - |
Our journey and innovations Started in 1998; went public in 2018; commissioned new state-of-the-art plant in Munshirhat, West Bengal in 2023-25. |
Where we operate India (primary), with a small export footprint internationally. |
Top products or what we offer Sodium silicate, cement additives, waterproofing compounds, tile adhesives, rust protection paints, decorative coatings. |
Top brands Hind Crete Plus WPM (waterproofing), Hind Block Fix (mortar), Hind Sealant PS (joint sealing), Hind Anti Rust (rust-proof paint). |
Raw materials needed Raw chemicals for silicates, admixtures, adhesives, and paints. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is moderately cyclical, aligned with construction industry cycles. |
Our industry position Strong position in India’s construction chemicals market with certified and green product lines. |
Financial highlights Revenue ₹56.6 crore, Net Profit ₹3.8 crore in FY 2024-25; recent capacity utilization at 45%, growing production capacity. |
Geographical revenue split Domestic revenue accounts for 52.3%, exports about 4.3%. |
Order book - |
Whats driving growth Expansion of manufacturing capacity, eco-friendly product innovation, strategic backward integration, and strong industry demand. |
Our future plans Increase production capacity to 18,000 MT, grow retail segment tenfold over five years, and expand product portfolio. |
Our green promise Committed to eco-friendly products with GreenPro certifications from CII-Green Products Council. |
Our people and values Culture emphasizes quality, sustainability, and ethical governance; employee base committed to innovation and compliance. |
Key challenges ahead Increasing capacity utilization, competitive market pressures, and sustaining innovation in eco-friendly chemicals. |
Interesting facts Hindcon's new West Bengal plant was financed fully through internal accruals, exemplifying financial discipline. |
Risks and strategy Risks include raw material price volatility and market cyclicality; mitigated by backward integration and product diversification. |
