SK Minerals & Additives Ltd
Incorporated in 2022, SK Minerals & Additives Limited is engaged in the manufacturing, processing, and supply of industrial minerals and specialty chemicals.[1]
- Market Cap ₹ 163 Cr.
- Current Price ₹ 133
- High / Low ₹ 204 / 130
- Stock P/E 12.1
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 32.3 %
- ROE 60.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.8%
Cons
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 121 | 132 | 109 | 212 | |
| 119 | 128 | 102 | 193 | |
| Operating Profit | 2 | 4 | 7 | 19 |
| OPM % | 2% | 3% | 6% | 9% |
| 1 | 0 | 0 | 0 | |
| Interest | 0 | 1 | 2 | 3 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 3 | 4 | 15 |
| Tax % | 28% | 32% | 25% | 28% |
| 2 | 2 | 3 | 11 | |
| EPS in Rs | 1,670.00 | 11.81 | 6.20 | 12.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 95% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 114% |
| TTM: | 253% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| Last Year: | 60% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2 | 5 | 9 | 9 |
| Reserves | 3 | 5 | 8 | 15 | 22 |
| 11 | 24 | 35 | 45 | 81 | |
| 12 | 8 | 7 | 7 | 10 | |
| Total Liabilities | 25 | 38 | 54 | 75 | 121 |
| 2 | 2 | 5 | 5 | 6 | |
| CWIP | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 12 |
| 23 | 34 | 49 | 68 | 103 | |
| Total Assets | 25 | 38 | 54 | 75 | 121 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -4 | -11 | -9 | -3 | |
| -2 | -2 | -2 | -1 | |
| 6 | 14 | 13 | 7 | |
| Net Cash Flow | -0 | 0 | 2 | 3 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 50 | 22 | 59 | 48 |
| Inventory Days | 10 | 13 | 31 | 41 |
| Days Payable | 8 | 7 | 0 | 0 |
| Cash Conversion Cycle | 52 | 28 | 89 | 89 |
| Working Capital Days | 8 | 25 | 27 | 31 |
| ROCE % | 16% | 16% | 32% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Nov - Developed halogen-free HFFR-XL 'Hofnil'; expects Rs.200 crore+ revenue by FY28; LOI secured.
-
Intimation Regarding Participation In Exhibition For Wire & Cable Industry
4 Nov - SK Minerals to exhibit HOFNIL additives at Cable & Wire Fair, Nov 4–6, 2025, Pragati Maidan, Stall 5G5-1.
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Announcement under Regulation 30 (LODR)-Change in Management
1 Nov - Approved Q2/H1 Sep 30, 2025 unaudited results; IPO proceeds utilization; CS change; COO appointed Nov 1, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
1 Nov - Approved unaudited H1 results to Sep 30, 2025; H1 PAT Rs.701.82L; IPO raised Rs.4,114.80L, Rs.774.80L unutilised.
-
Appointment of Company Secretary and Compliance Officer
1 Nov - Unaudited H1 FY26 results; IPO Rs 774.80L unutilised; CS and COO changes effective 01-Nov-2025.
Business Profile[1]
SK Minerals & Additives Limited is engaged in manufacturing and trading of specialty chemicals, primarily food and feed additives, and other industrial chemicals. It serves diverse industries, including Food & Bakery, Animal Feed, Plywood, Petroleum, Leather, and Allied sectors through manufacturing and import-based trading.