Mahickra Chem.
: MAHICKRA · Dyes And Pigments
Limited coverage
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Snapshot
Unlock Mahickra Chem.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mahickra Chemicals Limited is an Indian manufacturer and exporter specialising in a diverse range of dyes and chemical products. Its portfolio includes reactive, direct, and acid dyes, alongside synthetic food colours, specialty chemicals, and pigment powders.
Business Model
The company generates revenue through the manufacturing, domestic trading, and international export of chemical products and dyes. It serves various industrial sectors that require colourants and specialty chemical formulations.
Growth Outlook
Growth is primarily driven by the expanding demand for textile dyes and specialty chemicals in both domestic and international markets. The company leverages its established manufacturing capabilities to cater to diverse industrial applications.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of petrochemical-based raw materials can significantly impact profit margins.
- Environmental Regulations. Stringent pollution control norms in the chemical sector may necessitate increased capital expenditure for compliance.
- Foreign Exchange Risk. As an exporter, the company is exposed to currency fluctuations that may affect the competitiveness and profitability of international sales.
- Cyclical Demand. The dyes and pigments industry is highly dependent on the performance of the textile sector, which is subject to cyclical economic trends.
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Peers · Dyes And Pigments
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Mahickra Chem.MAHICKRA | ₹290 Cr | — | — | — | 7.0% | — | — | +83.3% |
Bodal ChemicalsBODALCHEM | ₹1,248 Cr | 18.18 | 8.98 | 27.6% | 10.0% | 6.1% | 9.9% | +53.2% |
Ultramarine & Pigments LimitedULTRAMAR | ₹1,201 Cr | — | — | — | 16.0% | — | — | -15.8% |
Bhageria Industries LimitedBHAGERIA | ₹1,042 Cr | 15.11 | 8.66 | 56.8% | 13.1% | 11.7% | 14.7% | +24.1% |
Sudarshan Colorants India LimitedSUDARCOLOR | ₹901 Cr | 18.86 | 8.61 | — | 11.2% | 8.7% | 11.1% | — |
Asahi Songwon Colors LimitedASAHISONG | ₹432 Cr | 23.03 | 10.09 | -4.8% | 10.6% | 6.9% | 10.4% | +22.4% |
As of Mar 2026
Financials
Mahickra Chem.
: MAHICKRA · Dyes And Pigments
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Mahickra Chem.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mahickra Chemicals Limited is an Indian manufacturer and exporter specialising in a diverse range of dyes and chemical products. Its portfolio includes reactive, direct, and acid dyes, alongside synthetic food colours, specialty chemicals, and pigment powders.
Business Model
The company generates revenue through the manufacturing, domestic trading, and international export of chemical products and dyes. It serves various industrial sectors that require colourants and specialty chemical formulations.
Growth Outlook
Growth is primarily driven by the expanding demand for textile dyes and specialty chemicals in both domestic and international markets. The company leverages its established manufacturing capabilities to cater to diverse industrial applications.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of petrochemical-based raw materials can significantly impact profit margins.
- Environmental Regulations. Stringent pollution control norms in the chemical sector may necessitate increased capital expenditure for compliance.
- Foreign Exchange Risk. As an exporter, the company is exposed to currency fluctuations that may affect the competitiveness and profitability of international sales.
- Cyclical Demand. The dyes and pigments industry is highly dependent on the performance of the textile sector, which is subject to cyclical economic trends.
Start your research today
Unlock AI insights, financials, peers and live data on Mahickra Chem. and 5,000+ companies — free.
Peers · Dyes And Pigments
As of Mar 2026