Sunshield Chemicals Ltd. – Company Report
1. Company Overview
Sunshield Chemicals Ltd., established in 1986 and headquartered in Mumbai, Maharashtra, is a leading Indian manufacturer of specialty surfactants, antioxidants, and functional chemicals. The company is part of the Indus Petrochem Limited group and operates a large, ISO 9001:2015-certified plant in Rasal, Maharashtra. Sunshield serves an extensive global and domestic customer base, supplying to diverse sectors such as paints & coatings, home and personal care, lubricants, agrochemicals, polymers, textiles, and industrial formulations.
As one of the top 10 Indian players in surfactants and functional chemicals, Sunshield stands out for its proprietary technology, custom chemical blends, and track record of innovation spanning nearly four decades. The company is managed by a professional board led by Managing Director & CEO Mr. Jeet Malhotra.
- Incorporated: 1986
- Headquarters: Mumbai, Maharashtra, India
- Certifications: ISO 9001:2015
- Manufacturing: Rasal, Maharashtra (7.25 acres, 17 KT annual capacity)
- Group: Indus Petrochem Limited
- Employees: Estimated 201–500
- Global Reach: Exports to key international markets; trusted by clients like Altana, Asian Paints, BASF, Lubrizol, Owens Corning
2. Products and Services
Sunshield Chemicals Ltd. offers a comprehensive product portfolio of customized and performance-driven chemicals:
- Specialty Surfactants: EO-based surfactants, esters, amides for home care, personal care, industrial cleaning, paints, and coatings
- Antioxidants: Aminic and phenolic antioxidants used in lubricants, polymers, rubber, and industrial applications
- THEIC: Only Indian manufacturer of Tris(2-hydroxyethyl)isocyanurate, a key raw material in high-performance coatings and insulation
- Custom Blends & Non-EO Technologies: For wire insulation, PVC stabilization, agrochemical emulsifiers, and industrial coatings
- Industry Verticals Served: Paints, coatings, adhesives, agrochemicals, rubber, lubricants, home and personal care, metal treatment, and more
- Technical Services: Custom formulations, regulatory guidance, and application development support
3. Recent News and Financial Performance
Business Developments:
- Rights Issue Approved: In 2025, Sunshield’s Board approved a ₹130 crore rights issue to fund future expansion and capital expenditures
- Strong Order Book: Growth driven by R&D advancements, steady exports, and increasing demand for specialty blends
- Capex-Focused Strategy: Board has deferred dividends to prioritize reinvestment and technological upgrades
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue | ₹369 crore |
| Net Profit (PAT) | ₹14.6 crore |
| Operating Profit Margin | 9% |
| Net Profit Margin | 4% |
| Earnings Per Share (EPS) | ₹19.83 |
| DividendPayout % | 13% |