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Galaxy Surfactants Stock Fundamental Analysis - Financial Results & Equity Research | Investyadnya Stock-o-Meter

Galaxy Surfactants

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Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

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Overview

Galaxy Surfactants was originally incorporated as “Galaxy Surfactants Private Limited”, under the provisions of the Companies Act, 1956, vide certificate of incorporation dated May 20, 1986 bearing registration number 39877, issued by the RoC. Subsequently, pursuant to a resolution passed at the meeting of the board of directors held on December 12, 1994, and a special resolution of the shareholders of the company at the EGM held on January 24, 1995, the company was converted into a public limited company and the name of the company was changed from “Galaxy Surfactants Private Limited” to “Galaxy Surfactants Limited” and a certificate for change of name was issued by the RoC on March 13, 1995.

The company is one of the leading manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care (“PHC”) industry. The company produces a range of vital cosmetic ingredients including active ingredients, UV protection and functional products. Its products cater to some of the largest global brands in the FMCG sector and find applications in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care segments. From a modest beginning in 1980 with two products by its promoters, the company has today transformed its business into a value based, technology driven, environment conscious and customer oriented organization with a portfolio of 66 products and with sales spread over 70 countries.

The company is certified supplier and preferred vendor for leading companies in the field of personal and home care. Few of its global customers are Beiersdorf, Colgate Palmolive, Ecolab, Henkel, Diversey, L’Oreal, Reckitt Benckiser and Unilever. The company’s domestic customers include Ayur, CavinKare, Dabur, Emami, ITC, Marico, Procter & Gamble Home Products Limited to name a few. The company’s growth has been aided by its approach of strategic partnership with its customers. Customer intimacy, innovation and competitiveness form its value triangle.

The company’s registered and corporate office is located at TTC Industrial Area, Pawne, Navi Mumbai. It has regional offices in New Delhi, Thailand and USA. At present, it has three manufacturing units at Tarapur, two manufacturing units at Taloja, Maharashtra and one manufacturing unit in USA. Both the units at Taloja are continuous process plants and one of the units is a 100% Export Oriented Unit (EOU). The manufacturing facility in USA is owned by its 100% step-down subsidiary Maybrook Inc. All its existing manufacturing units in India are certified for ISO 9001:2008 Quality Management Systems by Bureau Veritas Certification (India) Private Limited and have also obtained TPM awards from Japan Institute of Plant Maintenance.

Further, it is in the process of setting up manufacturing units at Jhagadia, Gujarat which will be operational by May 2011 and at Suez, Egypt through its 100% step down subsidiary GC Egypt which will be operational by August 2011.

R&D programmes is key to successful innovation in the business. The company’s R&D Centre is recognized by the Department of Science and Technology, Government of India. Its R&D efforts are driven by its ‘Consumer-to-Chemistry’ strategy. This involves understanding the changing consumer trends and tuning its R&D efforts in line with its customer’s product development initiatives. It has a well-equipped R&D centre at Navi Mumbai to develop new products, technologies and applications for the personal and home care industry. The company’s R&D efforts also comprise of standardizing new analytical methods and identifying substitutes for certain raw materials.

Subsidiaries of the company

  • Galaxy Chemicals Inc. USA
  • Galaxy Holdings (Mauritius) Ltd. Mauritius
  • Galaxy Chemicals (Egypt) S.A.E. Egypt
  • Rainbow Holdings GmbH Germany
  • Tri-K Industries Inc. USA
  • Maybrook Inc. USA
  • OTC GmbH Germany

Milestones

  • 1986 - Incorporation of the company
  • 1995 - Acquisition of Galaxy Chemicals
  • 1995 - Conversion of the company from private to public company
  • 1995 - Amalgamation of GOPL with the company
  • 1997 - First sulfonation plant set up at Taloja
  • 1999 - Launch of first international office in Bangkok, Thailand, for serving Asia-Pacific Region
  • 2001 - Amalgamation of GOIL with the company
  • 2003 - GC US became the company’s subsidiary
  • 2004 - Setting up of first EOU at Taloja
  • 2008 - GHML became the company’s subsidiary
  • 2009 - GC Egypt became the company’s Step down subsidiary
  • 2009 - Rainbow Holdings became the company’s step down subsidiary
  • 2009 - A joint venture was formed in June 2009 by Gerd Dahms, Sebestian Dahms, Andreas Jung and Rainbow Holdings GmbH acquiring shares of OTC GmbH and TRI-K.
  • 2009 - TRI-K became the company’s step down subsidiary
  • 2009 - Maybrook became the company’s step down subsidiary
  • 2010 - Share Purchase and Transfer and Settlement Agreement was executed by and between Gerd Dahms, Sebestian Dahms, Andreas Jung, OTC GmbH, Deutsche Immo Invest GmbH, Rainbow Holdings GmbH, the company, Galaxy Holdings (Mauritius) Limited, and TRI-K in order to terminate the joint venture and settle the mutual claims and obligations incurred during the term of the joint venture.

Awards, Achievements and Certifications

  • 2001 - The company was certified as “Approved Supplier” of Sodium Lauryl Ether Sulphate by Hindustan Unilever Limited and has been assessed and found to be in accordance to the quality requirement as per Hindustan Lever Limited standards.
  • 2003 - The company was certified as “Preferred Supplier” of Sodium Lauryl Sulphate by Colgate - Palmolive (India) Limited
  • 2003 - The company was accorded “TPM Excellence - First Category” by Japan Institute of Plant Maintenance, Japan, for the company’s unit situated at Taloja.
  • 2008 - The company was accorded “Special Award for TPM Achievement” by Japan Institute of Plant Maintenance, Japan, for units situated at Taloja and Tarapur.
  • 2009 - The company was accorded a Certificate of Appreciation from L’Oreal India for outstanding performance based on L’Oreal evaluation tool.
  • 2009 - The company was accorded “Certificate of Merit 2008 - Manufacturing Category” in the IMC Ramkrishna National Quality Award 2008.
  • 2009 - The company was accorded Certificate of Appreciation for presentation in the competition organised on “Best HR Practices” by National Institute of Personal Management, Raigad.
  • 2009 - The company has been recognised as “Trading House” by the office of Zonal Joint Director General of Foreign Trade, Ministry of Commerce and Industry, Government of India.
  • 2010 - The company has been certified as “ISO 9001: 2008” by Bureau Veritas Certification (India) Private Limited for the company’s Registered Office and units situated at Taloja and Tarapur.
  • 2010 - The company has been accorded “Gold Award” under the Large Scale Sector, Chemicals Panel, for outstanding export performance for the year 2007 - 2008 by CHEMEXCIL.
  • 2010 - The company has been accorded “Long Term Association” Award by Hindustan Unilever Limited (HUL) in the Oils and Chemicals Category.
Brands Of Galaxy Surfactants

Brands Of Galaxy Surfactants

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