Shiv Texchem Limited , a Mumbai-based chemical company, has recently secured multiple significant contracts for the supply of various chemicals, showcasing its strong position in the chemical industry.

Contract with Gujarat Narmada Valley Fertilizers & Chemicals Limited

Shiv Texchem Limited has executed a contract agreement worth ₹10.73 crore with Gujarat Narmada Valley Fertilizers & Chemicals Limited for the supply of Toluene. The company received the Letter of Acceptance on July 25. The contract is to be executed in the Hazira/Kandla region by August.

Contract with BASF India Limited

Shiv Texchem Limited has secured a contract worth ₹15.05 crore from BASF India Limited for the supply of Styrene Monomer. The company received a Letter of Acceptance on July 03, with the contract to be executed from July 25 to December 25. The supply will be delivered to BASF's Hazira location.

Contract with Innovative Resins Pvt Ltd

Shiv Texchem Limited has announced a new contract worth ₹4.21 crore from Innovative Resins Pvt Ltd for the supply of Styrene Monomer. The company received a Letter of Acceptance on July 04 for this domestic contract. The execution of this contract is scheduled to take place in Kandla from July 25 to December.

Additional Contract with 3N Composite Products LLP/Orson Resins and Coatings

In addition to the other contracts, Shiv Texchem Limited has also secured another significant contract. The company received a Letter of Acceptance from 3N Composite Products LLP/Orson Resins and Coatings on July 03, for a contract valued at ₹9.03 crore. This contract is also for the supply of Styrene Monomer and will be executed in Kandla during the same period, from July 25 to December.

Contract Details

All contracts share similar characteristics:

Company Disclosure

Shiv Texchem Limited has disclosed these contracts in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made in accordance with SEBI Circular Nos. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

These contracts, totaling ₹39.02 crore, represent significant business opportunities for Shiv Texchem Limited and underscore the company's capabilities in the chemical supply sector.

SHIV TEXCHEM , a prominent player in the textile industry, has released its fourth quarter financial results, showcasing significant improvements across key financial metrics.

Revenue Growth

The company reported a substantial increase in revenue, which grew to ₹11.71 billion in Q4, up from ₹9.20 billion in the same period last year. This represents a year-over-year growth of approximately 27.28%, indicating strong market demand for SHIV TEXCHEM's products.

Profitability Boost

SHIV TEXCHEM's profitability saw notable improvements:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to ₹509.80 crore from ₹350.40 crore year-over-year, marking a significant rise of about 45.49%.
• The EBITDA margin improved to 4.35% from 3.80% in the same period last year, suggesting enhanced operational efficiency.
• Net profit rose to ₹274.90 crore, up from ₹188.00 crore year-over-year, representing a robust growth of approximately 46.22%.

Quarter-over-Quarter Performance

The company also demonstrated strong sequential growth, with net profit increasing from ₹206.30 crore in the previous quarter to ₹274.90 crore in Q4, showing a quarter-over-quarter growth of about 33.25%.

Financial Highlights

SHIV TEXCHEM's Q4 results reflect a company on a strong growth trajectory, with improvements in revenue, profitability, and operational efficiency. The significant year-over-year and quarter-over-quarter growth in net profit underscores the company's ability to capitalize on market opportunities and manage costs effectively.