Sreechem Resins Ltd (SRECR) Share Price & Fundamentals

What we do

Sreechem Resins Ltd manufactures synthetic resins, specialty chemicals, and refractory products for industrial use with a focus on quality and innovation.

Founded in

1,988

Market share

Leading manufacturer in synthetic phenolic resins and refractory materials within India.

Problem solved

Provides high-quality resins and coatings to enhance industrial processes in coal, coke, and refractory applications.

Top clients or who we serve

Serves industries in coal, coke, metal casting, and construction; primarily B2B customers including industrial manufacturers.

Key management

Managing Director: Mr. Binod Sharma; Whole Time Directors: Mr. Vikram Kabra, Mr. Vibhor Sharma; CFO: Mr. Prabhu Dayal Somani.

Our journey and innovations

Incorporated in 1988, developed various specialty chemical products through in-house R&D with ISO 9001:2008 certification and a pilot resin plant.

Where we operate

Primarily operates in India with some exports; manufacturing plants in Jhagarpur and Raigarh.

Top products or what we offer

Synthetic PF Resins (Novolak, Resol), Magnesia Carbon, Alumina Carbon, Dolomite Refractories, and industrial coatings.

Top brands

Key products include Novolak Resin (liquid and powder), Resol Resin, and various refractory chemicals.

Raw materials needed

Raw materials include synthetic phenolics and mineral chemicals required for resin and refractory production.

Raw materials supplier

Suppliers are industry-standard chemical providers; specific names not disclosed.

Recurring vs cyclical contribution

Revenue is cyclical, depending on industrial demand and commodity prices impacting key sectors.

Our industry position

Well-established with notable standing in India's synthetic resin and refractory market sectors.

Financial highlights

FY 2024-25 revenue: INR 355 crore, net loss INR 3.7 crore; impacted by lower orders in specialty chemicals.

Geographical revenue split

Majority revenue from India (~96%), minor exports (~4%).

Order book

-

Whats driving growth

Growth depends on R&D innovation and revival of specialty chemicals demand in coal and related industries.

Our future plans

Focus on stabilizing new products in the market and expanding online sales of consumer products.

Our green promise

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Our people and values

Employs 73 staff; emphasizes skill development, inclusion, and employee engagement programs.

Key challenges ahead

Market volatility in coal industry affecting orders; stabilizing new product sales remains a challenge.

Interesting facts

Has a pilot plant for small batch resin production allowing customized product development.

Risks and strategy

Risk from dependence on coal sector; mitigating through R&D diversification and customer outreach.