India Emulsifiers Ltd

India Emulsifiers Ltd – Company Report


1. Company Overview


India Emulsifiers Ltd (IEML), incorporated in December 2020 and headquartered in Maharashtra, is a rapidly growing Indian manufacturer and supplier specializing in specialty chemicals, particularly emulsifiers and allied solutions. The company operates a state-of-the-art manufacturing facility at MIDC Lote, Ratnagiri, with a capacity of 6,000 metric tons per annum as of FY2025. The plant features computerized process controls, an R&D center, quality control, and application labs. IEML’s product innovation and operational excellence are driven by a management team with over 30 years of industry experience.

A key milestone in FY2025 was the establishment of Southern Emulsifiers Pty Ltd, its wholly owned subsidiary in Australia, marking the company’s entry into the high-potential mining emulsifier market and strengthening its international presence.

  • Incorporated: December 2020
  • Headquarters: Maharashtra, India
  • Facilities: MIDC Lote, Ratnagiri (6,000 MT/year capacity)
  • Subsidiary: Southern Emulsifiers Pty Ltd (Australia, FY2025)
  • Certifications: ISO 9001:2015
  • Employees: 34 (as of Dec 2023)
  • Stock Listing: Publicly listed in India

2. Products and Services


India Emulsifiers Ltd manufactures and supplies over 40 specialty chemicals and intermediates for diverse applications, including:

  • Major Product Categories:

    • Esters
    • Amphoterics
    • Phosphate Esters
    • Imidazolines
    • Wax Emulsions
    • SMO & PIBSA Emulsifiers
    • Succinimides, Sulfosuccinates, and other custom emulsifiers
  • Industries Served:

    • Mining and oilfields
    • Textiles
    • Food processing
    • Pharmaceuticals, personal care, and cosmetics
    • Home care, institutional, and industrial cleaning
    • PVC/Rubber processing
    • Paints & pigments
    • Metal working, lubricants, agriculture

The plant’s advanced multipurpose reactors enable high flexibility, supporting both small and large batch operations. IEML is known for R&D-driven, tailor-made solutions and is actively expanding its product basket to address emerging trends in specialty chemicals.


3. Recent News and Financial Performance


  • FY2025 marked aggressive growth with the commissioning of new capacity and the formation of an Australian subsidiary targeting the mining emulsifier segment.
  • The company is investing in R&D and production scale-up, aiming for 1,000 MT/month by August 2025 and targeting 1,500–2,000 MT/month within two years.
  • Strategic shift toward direct sales helped improve margins and deepen engagement with clients in high-impact industries.

4. Financial Performance (FY2025)


Metric FY2025 Value YoY Growth
Total Revenue ₹102.66 crore 53.87%
Net Profit ₹13.30 crore 50.72%
EBITDA ₹21.05 crore 41.97%
Operating Profit Margin 18.59% -
Net Profit Margin 13.13% -
Earnings Per Share (EPS) ₹11.40 -
Dividend Not Declared -

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales1.832.06
EV / EBITDA9.9912.12
Debt / Equity0.310.39
ROE %24.0819.36
ROCE %23.5822.7
P / B2.253.35
Div Yld %01.82
P/E13.8920.8
OPM %19.3815.5
Qtr Sales Growth YOY %57.3714.37
Qtr Profit Growth YOY %26.1529.78
ROA LAST 12M %14.6711.73
Prom. Hold. %48.1163.46
Sales 3Yrs CAGR %78.930.81
Sales 5Yrs CAGR %022.95
Profit 3Yrs CAGR %592.7867.78
Profit 5Yrs CAGR %049.22

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