Tatva Chintan Pharma Chem IPO - Strong R&D Capabilities, Robust Financial Performance: KRChoksey

Tatva Chintan Pharma Chem IPO - Strong R&D Capabilities, Robust Financial Performance: KRChoksey

An employee prepares a solution in a flask during a test. (Photographer: Brent Lewin/Bloomberg)

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KRChoksey Research's IPO Report

Tatva Chintan Pharma Chem Ltd. is a specialty chemicals manufacturer dealing with a variety of products including structure directing agents, phase transfer catalysts, pharmaceutical and agrochemical intermediates, and other specialty chemicals.

It is the largest and only commercial manufacturer of structure-directing agents for zeolites in India (second globally).

Tatva Chintan's products, totalling over 154, have wide applications across automotive, petroleum, agrochemicals, dyes and pigments, paints and coatings, pharmaceutical and personal care.

It exports to over 25 countries, which contributed over 70% of total revenues from operations for FY21.

Revenues have grown at a compound annual growth rate of 21.7% over last two years, while the Ebitda margins have improved by 600 basis points to 23% over the same period.

Click on the attachment to read the full IPO report:

KRChoksey Tatva Chintan Pharma Chem Limited IPO Note.pdf
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