|Stock Name : Galaxy Surfactants Limited/Tips Open||Buy : 1,820.00||Posted Date : Sep 25, 2020|
|Stopless/Horizon : 1600||Target : 2050||Results Achieved (Yes/No) :|
Overview: Galaxy Surfactants limitedwas incorporated in 1986, it is a Mid Cap company with a market capital of Rs 7047.34 Crore. The company’s corporate office is located in Navi Mumbai, India.
About the company: Galaxy Surfactants Limited was initially incorporated as a private limited company ‘Galaxy Surfactants Private Limited’ in 1986. In 1995, the Company became a public limited company and the name was changed as ‘Galaxy Surfactants Limited’.
Today, Galaxy Surfactants is one of the leading players in the world of Personal and Home care industry. The company has been engaged in the manufacture and sale of surfactants and specialty care ingredients.With 7 State of the Art Plants (5 Manufacturing Facilities in India, 1 in Egypt and 1 in USA), Galaxy Surfactant’s product portfolio comprises over 200 product grades, which are marketed to more than 1,700 customers in over 70 countries.
Some of Galaxy Surfactant’s global customers are Beiersdorf, Colgate Palmolive, Ecolab, Henkel, Diversey, Reckitt Benckiser and Unilever. Domestic customers include Ayur, CavinKare, Dabur, Emami, ITC, Marico, Procter & Gamble Home Products Limited and more.
Subsidiaries:Galaxy Surfactants limitedhas severalwholly owned and step-down subsidiaries:
• Galaxy Chemicals Inc. USA
• Galaxy Holdings (Mauritius) Ltd. Mauritius
• Galaxy Chemicals (Egypt) S.A.E. Egypt
• Rainbow Holdings GmbH Germany
• Tri-K Industries Inc. USA
• Maybrook Inc. USA
Management: Mr. Unnathan Shekhar is the Promoter and Managing Director of Galaxy Surfactants limited and Mr. Shekhar Ravindranath is the Chairman.
Shareholding Pattern (As on June 2020):
• Promoters: 70.93
• Foreign Institutions: 3.09
• NBFC and Mutual Funds: 12.82
• Others: 3.85
• General Public: 8.53
• Financial Institutions: 0.78
Dividend: Galaxy Surfactants Ltd. has declared an equity dividend of 140.00% amounting to Rs 14 per share for the year ending March 2020.
Sales Report:Galaxy Surfactants reported a consolidated sale of Rs 607.16 Crore for the quarter ended 30th June 2020, which is down by -7.54 % from previous quarter’s sales of Rs 656.65 Crore and down by -8.70 % from last year’s same quarter sales of Rs 665.02 Crore.
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