Sk Minerals & Additives Ltd

BSE: 544584

₹ 410-2.15%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 502 crWebsite: www.skminerals.netUpdated: 24 Oct 2026

About

Sk Minerals & Additives is a specialty chemicals company based in Khanna, Ludhiana, Punjab, making and trading feed additives, food preservatives, polymer additives, polymer compound and industrial chemicals. It was incorporated in 2010 and began as a trader of technical-grade urea and feed chemicals. Its revenue was ₹317.89 cr in FY26. The company describes itself as India's only manufacturer of halogen-free flame retardants, which it sells under the HOFNIL brand.^[1][2]

Business segments

Management plans to shift to a manufacturing-led model and improve profitability through product mix (stated in the Q4 FY26 call).^[3]

Products and brands

The portfolio covers feed additives, food preservatives, polymer additives, polymer compound and essential industrial chemicals (FY26 annual report).^[1]
HOFNIL halogen-free flame retardants are made for PP, PE, HIPS, ABS and nylon (PA6, PA66) and meet UL94 V0, RoHS and REACH standards.^[1]
HOFNIL was launched in Nov-25 as India's first halogen-free flame retardant for XLPE wires and is positioned as an import substitute.^[3]
BakeFresh (calcium propionate) is the company's food additive for longer shelf life and food safety.^[1]

Manufacturing and R&D

The manufacturing facility is at Khanna, Punjab, with ISO 9001:2015, ISO 22000:2018, FSSAI, GMP and ZED certifications.^[1]
Installed capacity was 6,600 MT in FY26, and plants ran at near 100% utilisation during the year.^[3]
Added 150 MT/month of food additives capacity in Oct-25 and 400 MT/month of polymer additives (HOFNIL) capacity in Nov-25.^[3]
The company runs a DSIR-recognised in-house R&D lab and has filed multiple patents; the HOFNIL technology is patent-pending.^[1]
Products in the R&D pipeline include Omega-3 and Vitamin D2 (Q4 FY26 call).^[3]

Key operating numbers

Order book was ₹63.10 cr as of April 2026.^[3]
Management linked FY26 growth to higher volumes, better realisations and an improved product mix.^[3]

Customers and distribution

B2B customers include PSUs, cooperatives and multinationals in food and bakery, animal feed, petroleum, plywood, and wire and cable.^[1]
Received a letter of intent for HOFNIL from an integrated wires and cables company in India (Q4 FY26 call).^[3]
The company has a presence across India and says HOFNIL could open export opportunities.^[1]

Expansion and capex

Acquired about 10 acres of land near Khanna to expand capacity.^[3]
Plans to raise total production capacity to about 19,000 MTPA within 12-18 months on the acquired land (Q4 FY26 call).^[3]
Targets cumulative HOFNIL revenue of ₹200 cr by the end of FY28.^[3]
IPO proceeds are earmarked for working capital, capex for capacity expansion and general corporate purposes.^[1]

Recognition

Received the Best MSME Innovative Award for 2024-25 for developing India's first indigenous halogen-free flame retardant.^[1]

Market Cap

₹502 Cr

High / Low

₹507 / 102

Stock P/E

28.1

Price / Book

6.3

Book Value

₹66

EPS

₹14.8

No. of Shares

1.22 Cr

ROCE

18.0%

ROE

22.5%

OPM

10.2%

Debt / Equity

1.25

Sales

₹318 Cr

Net Profit

₹18 Cr

Promoter holding

73.5%

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