Going forward they expect to grow both in the speciality ingredients and performance products, said U Shekhar, Founder and Managing Director, Galaxy Surfactants.
Galaxy Surfactants opened for subscription today. It is the company's second attempt to raise funds via an IPO, and this time the company intends to raise around Rs 937 crore from this issue.
Earlier in 2011, Galaxy Surfactants had entered the capital markets to raise over Rs 200 crore through an initial public offer (IPO). However, it withdrew from the IPO market due to tepid response from investors.
It is a leading manufacturer of detergents, emulsifiers, foaming agents etc. The company supplies surfactants to whole host of companies including Colgate Palmolive, Dabur, Cavinkare, Henkel, Unilever and ohters.
U Shekhar, Founder and Managing Director, Galaxy Surfactants said in the last three years the PAT has grown by over 22 percent Year on Year (YoY) in terms of CAGR and in terms of return on capital employed (RoCE), it is upwards of 24 percent.
He said the company has managed to growth along with the industry and are at a significant position in the country as well as Africa, Middle East and Turkey region. The focus is on ingredients to the personal home care industry, said Shekhar.
He said of the total turnover, 35 percent comes from India and 65 percent comes from international operations and out of that 43 percent from Africa, ME and Turkey region and about 20 percent from rest of the world.
The EBITDA margins have been steady at 12-13 percent, he said, adding that going forward they expect to grow both in the speciality ingredients and performance products.
Performance products are the building blocks of the personal homecare products, said Shekhar.With regards to expansions, he said, adding that they had Rs 70 crore expansion in speciality ingredients