CMP: 69 MarketCap: 27 crores
Sreechem Resins Ltd.is a leading manufacturer of Magnesia Carbon Refractory, Alumina Carbon Refractory, Dolomite Refractory, Continuous Casting Refractory. Over the last 18 years the company has consolidated its position as a market leader in Refractory Resin. With the upswing of the Steel manufacturing industries in the country, the requirement of specialty refractories, as mentioned above, will automatically go up. In turn, the supply of our Resin to the refractory industries, who are catering to the requirement of Steel Plants, will also go up substantially.
This is their traditional business. Now What is interesting in this company is that they are diversifying their product range.
In there annual report 2022 company stated that :” The focus of the management is to increase the Production and Sales of the newly developed Products”
Recently the company has launched many Coatings, Construction Chemical and Housing Solutions products in the market
Odozorb
Odozorb is a highly effective and efficient charged ceramic material for absorbing smells and odors. It is easy to use, long-lasting, and rechargeable. It is the perfect solution for removing odors from homes, businesses, vehicles, and industrial applications.
Seelan Shield
Seelanshield is a revolutionary water-based coating that provides a complete solution for water seepage and dampness. It is a unique blend of acrylic latex and hydrophilic compounds that creates a waterproof barrier that prevents water from penetrating through concrete, brick, and masonry surfaces.
Cryocote
Cryocote is a water-based, eco-friendly coating that provides superior waterproofing and thermo-shielding protection. It is made with ceramic microsphere technology, which creates a thermal reflective layer that blocks 98% of infrared heat. This results in a dramatic reduction of heat infiltration, keeping buildings cooler and more comfortable, especially during hot summer months.
GarmiKool:
Garmikool™ coating tackles heat head-on! Garmikool™ utilizes ceramic microsphere technology to reflect infrared heat, keeping your home cooler for longer.
C-Max:
C-Max helps create a denser concrete mix, reducing voids and cracks. This translates to walls that are less prone to damage and stand the test of time.
The company has also launched a website for selling distribution of all these products in the name of : Iqsolve: https://www.iqsolv.com/
Further that this company is also established there unit in the name of SreeChem Innovations(https://sreecheminnovations.com/). Under this may be they are developing these product. The company is in continuous doing losses form last one and half year but In the last quarter they posted superb result with sales of Rs 19.69 CR and pat of Rs 2.19 Lacs.
Recently they have done a preferential issue and allotted 200000 equity shares to Promotors/Directors Mr Vikram Kabra and Mr Vibhor Sharma at the price of Rs 48.61.
On youtube many detailed explanation of these products are available:https://www.youtube.com/@sreecheminnovations