Investor Relations




Board of Directors


Mr. Pradeep Rathi has been associated with the company for more than three decades. Mr Pradeep Rathi has degrees in MS Chemical Engineering from MIT, USA and an MBA from Columbia University, USA.

Mr. Rajesh Rathi has been associated with the company for over two decades. He has degrees in B.E.Mech.Engg from MIT, Pune; B.S.Chem.Engg from Ohio State University, USA and an MBA from Pittsburgh University, USA.

Mr. Ashish Vij has been associated with the company for almost 15 years. He has completed his BE (Chemical) in 1991 from UDCT, Panjab University, Chandigarh. He is certified with Six Sigma Black Belt and Lean Practioner from Uniworld, USA and BMGi India. Also completed Strategy Intervention Program in 2009 from The Strategy Academy of Prof. Ranjan Das (Strategy Prof. of IIMC).

Mr. S. N. Inamdar is a leading advocate and an expert in Income Tax matters. Mr. Inamdar is also on the Board of several other Companies and is the Chairman of the Audit Committee of the Company.

Mr. Damania has a B.E Mechanical Engineering degree from Pune University and is a renowned technocrat. Mr. Damania is also on the Board of several other Companies.

Mr. Padmanabhan has a degrees in M.Sc. (Physics) from Delhi University and Bachelor of General Law from Mumbai University. Mr. Padmanabhan also has a diploma in Development Economics from University of Cambridge, U.K. and a Diploma in Management Accounting from Bajaj Institute of Management, Mumbai. A former IAS Officer, he has wide experience in industrial projects, finance and administration. Mr. Padmanabhan is also on Board of several other Companies.

Mr. Asher is a fellow member of the Institute of Chartered accountants of India and Commerce & Law graduate from the Bombay University. Mr. Asher is senior partner of M/s Crawford Bayley & Co, Mumbai and is also on the Board of several other Companies.

Mrs. Forbes is a Graduate in Psychology and Sociology from Bombay University and has further done special courses on Women in Leadership, Human Resources and Organizational Behaviour and Social Entrepreneurship and Philanthropy from IIM Ahmedabad and Stanford University. She is also on the Board of other companies including Forbes Marshall Private Ltd. since 1999.

Mrs. Shubhalakshmi A. Panse (Non-Executive, Independent Director) has done M.Sc., D.B.M.(Diploma in Business Management), MMS (Masters in Management Sciences) with specialization in Financial Management from Pune University, MBA with specialization in Bank Management from Drexel University, USA. She has also acquired a professional qualification CAIIB (Certified Associate of Indian Institute of Bankers).

Mr. Naresh Raisinghani is the CEO and ED of BMGI, Mumbai. He has completed his Management from Harvard Business School and Bachelors in Mechanical Engineering from University of Mumbai. Mr. Raisinghani is also on the Board of other Companies.

Mr Ajoy B. Rathi has a B.Tech from University of Madras and has completed the M.S.Chem.Engg. from University of Detroit, USA. He also has an MBA from Chicago, USA. Mr A B Rathi is working as a Director in RIECO Industries Limited since 1983 and further designated as Managing Director. He is also a Director on various other companies.

Associated with the company for over four decades and has an M.Com from University of Pune and MBA from NYU, USA.


Financial Results


Summary Report (Consolidated) 2017-18


Key Figures Rupees (Million) USD (Million)
Income From Operations (Excluding Excise) 14657 227.36
Profit Before Tax 1177 18.26
Profit After Tax 782 12.13
Equity Share Capital 138 2.15
Net Worth 4400 68.25
Net Fixed Assets (including CWIP) 4809 74.61
Key Financial Ratios      
Current Ratio 1.23   
Debt Equity Ratio 0.98   
PBDIT (% to Net Sale) 13.89   
PAT (% to Net Sale) 5.33   
Return (PBIT) on Capital Employed % 16.64   
Earnings Per Share (INR) 11.29   
Dividend Per Share (INR) 3.5   

* The Company adopted Ind-AS from 1st April, 2017 and accordingly the transition was carried out, from the Accounting Principles generally accepted in India as specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 (IGAAP), in accordance with Ind AS 101– First time adoption of Indian Accounting Standards. Accordingly, the impact on transition has been recorded in opening reserves as at 1st April, 2016.

* The Company is in the process of identifying prospective buyers for its Agro Chemical trading business to be sold on a going concern basis. While these businesses continue to operate their existing operations, pursuant to the requirements of Ind AS 105–“Non current assets held for sale and discontinued operations”, these have been classified as held for sale / discontinued operations. The above figures relate to only the continuing operations of the company and are hence not comparable with previous periods.

Summary Report (Consolidated) 2016-17


Key Figures Rupees (Million) USD (Million)
Income From Operations (Excluding Excise) 15226 227.07
Profit Before Tax 1362 20.32
Profit After Tax 1034 15.42
Equity Share Capital 138 2.06
Net Worth 3946 58.85
Net Fixed Assets (including CWIP) 4572 68.18
Key Financial Ratios      
Current Ratio 1.19   
Debt Equity Ratio 1.10   
PBDIT (% to Net Sale) 14.54   
PAT (% to Net Sale) 6.79   
Return (PBIT) on Capital Employed % 20.15   
Earnings Per Share (INR) 14.94   
Dividend Per Share (INR) 3.5   

Summary Report (Consolidated) 2015-16


Key Figures Rupees (Million) USD (Million)
Income From Operations (Excluding Excise) 14093 215
Profit Before Tax 990 15
Profit After Tax 699 11
Equity Share Capital 138 2
Net Worth 3140 48
Net Fixed Assets (including CWIP) 3732 57
Key Financial Ratios      
Current Ratio 1.3   
Debt Equity Ratio 1.4   
PBDIT (% to Net Sale) 12.9   
PAT (% to Net Sale) 5.0   
Return (PBIT) on Capital Employed % 17.9   
Earnings Per Share (INR) 10.1   
Dividend Per Share (INR) 3.0   

Summary Report (Consolidated) 2014-15


Key Figures Rupees (Million) USD (Million)
Income From Operations (Excluding Excise) 12182 199
Profit Before Tax 716 12
Profit After Tax 544 9
Equity Share Capital 138 2
Net Worth 2626 43
Net Fixed Assets (including CWIP) 3409 56
Key Financial Ratios      
Current Ratio 1.2   
Debt Equity Ratio 1.6   
PBDIT (% to Net Sale) 12.4   
PAT (% to Net Sale) 4.5   
Return (PBIT) on Capital Employed % 15.6   
Earnings Per Share (INR) 7.9   
Dividend Per Share (INR) 1.8   

Summary Report (Consolidated) 2013-14


Key Figures Rupees (Million) USD (Million)
Income From Operations (Excluding Excise) 11186 185
Profit Before Tax 555 9
Profit After Tax 350 6
Equity Share Capital 69 1
Net Worth 2710 45
Net Fixed Assets (including CWIP) 3340 55
Key Financial Ratios      
Current Ratio 1.3   
Debt Equity Ratio 1.6   
PBDIT (% to Net Sale) 11.9   
PAT (% to Net Sale) 3.1   
Return (PBIT) on Capital Employed % 13.5   
Earnings Per Share (INR) 5.1   
Dividend Per Share (INR) 1.5