Refnol Resins & Chemicals Ltd

Refnol Resins & Chemicals Ltd (530815)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-19.75 %
3 Month Return-4.06 %
1 Year Return9.36 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 87
Rank 89
Rank 62
Dividend Yield
Rank 68
Rank 182
Price To Book Ratio
Debt To Asset
Rank 49

Company Information

Refnol Resins and Chemicals was incorporated on 1 Dec.80 as a private limited company. It was converted into a public limited company in Sep.94. The company forms part of the wellknown Mahendra Khatau group of companies and is promoted by Mahendra Khatau and Anil Khatau. Its manufacturing facilities are located at Naroda Ahmedabad.Refnol commenced commercial production in 198182 by setting up a plant for rerefining waste lubricating oils. In 1987 it undertook a major diversification to manufacture textile sizing chemicals in technical collaboration with Seydel International US. The company started manufacturing saturated/unsaturated polyester resins in 1989. Polyester resins find appliation in fibre glass composites cultured marble etc. The company made a public issued in 1995 and the proceeds was used by financing the expansion programme involving the increase of textile sizing chemicals from 1800 tpa to 3000 tpa.The company has been referred to BIFR as the Networth was fully eroded and the Board had declared the company as Sick.
OrganisationRefnol Resins & Chemicals Ltd