Ludhiana-headquartered ‘SK Minerals & Additives Limited’ aims 3x growth in revenue by FY28; plans SME IPO for expansion
Ludhiana: SK Minerals & Additives Limited (SKMAL), a Ludhiana-headquartered manufacturer, trader and supplier of specialty chemicals, today announced its ambitious plans to achieve its revenue of ₹500 crore by FY2027-28. To fund its strategic growth initiatives, the company is preparing to raise capital through an Initial Public Offering (IPO) and has appointed Khambatta Securities Limited as the Book Running Lead Manager (BRLM) for the proposed issue.
Demonstrating strong and consistent growth, SKMAL has significantly increased its turnover from ₹108.95 crore in FY2023-24 to ₹211.67 crore in FY2024-25, nearly doubling its revenue in just one year — a testament to the company’s dynamic expansion, product innovation and growing market acceptance.
SKMAL is engaged in the manufacturing, trading and supply of a comprehensive range of specialty chemicals catering to food & bakery, animal feed, plywood & petroleum industries. Its diverse product portfolio comprises food preservatives and additives (such as Calcium Propionate and Ferric Pyrophosphate), feed additives (such as Zinc, Copper, and Manganese Glycinate, SRN (Slow Release Nitrogen) and ZC Aminoway), and industrial / speciality chemicals (including Technical Grade Urea, Magnesium Oxide, Melamine, Bypass Fat, Di Calcium Phosphate and Virgin Base Oil).
Technical Grade Urea and Magnesium Oxide remains the company’s principal revenue driver, accounting for majority of its total operational revenue.
Speaking on the expansion plans, Mr. Mohit Jindal, Promoter, Chairman and Managing Director of SKMAL, said:
“As an DSIR certified R&D-driven organization, our strategic focus is on broadening our product portfolio with innovation-led, niche products. We are actively working to reduce our import dependency and strengthen our presence in high-growth sectors. To support our next phase of growth and infrastructure development, we are looking to raise capital via an SME IPO. With our focused initiatives, we are confident of achieving over ₹500 crore in revenue by FY28, while enhancing operational efficiencies and market reach.”
The company currently operates a manufacturing facility at Khanna, Punjab and an equipped in-house R&D division. Several high-impact formulations are under active development, including Halogen-Free Flame Retardants, Vitamin D2, and Omega 3 products, which are expected to be commercialized shortly.
For FY2024-25 on provisional basis, SKMAL reported:
- Revenue of ₹211.67 crore
- Profit After Tax (PAT) of ₹9.96 crore
In line with its growth vision, SKMAL has also inaugurated a new branch/marketing office in Mumbai, aimed at strengthening operations, enhancing client servicing capabilities and expanding its pan-India presence. The Mumbai office will also facilitate deeper engagement with large corporate clients across sectors.
For more information, please visit: https://skminerals.net/
