Phytochem Remedies (India) Ltd. IPO
Phytochem Remedies (India) Limited is one of the leading manufacturers of high-quality corrugated packaging solutions in India. The Company specializes in the production of corrugated boxes, including printed boxes, rolls, pads, and sheets, offering customized packaging solutions tailored to the specific requirements of its clients. Incorporated in 2002, the Company commenced manufacturing operations in 2014 and has since built strong capabilities supported by modern manufacturing infrastructure.
Manufacturing Facilities and Infrastructure
The Company operates two strategically located manufacturing units at Bari Brahmana, Jammu, providing significant logistical and operational advantages. Unit 1 has an allocated area of 43,360 sq. ft., while Unit 2 spans 1,73,440 sq. ft.. A substantial portion of land remains unutilized, enabling future expansion through the installation of additional machinery to support growth in capacity and technology upgrades.
Production Capabilities and Technology
Manufacturing operations began with a semi-automatic production line in 2014, which continues to contribute to revenue and profitability. To further strengthen production capabilities, the Company established a fully automatic corrugated board plant in 2022 over an area of approximately 75,000 sq. ft., equipped with advanced technology to enhance efficiency, precision, and scalability. Capacity utilization has improved significantly, reflecting effective operational execution.
Product Portfolio and End-User Industries
Phytochem Remedies (India) Limited offers a well-diversified product portfolio comprising corrugated boxes with various flute combinations (A, B, C, AB, AC, BC), printed corrugated boxes, corrugated rolls, pads, and sheets. These products cater to a wide range of industries, including pharmaceuticals, agrochemicals, FMCG, and industrial packaging, ensuring diversified demand and reduced concentration risk.
Customer Base and Market Presence
The Company has built long-standing relationships with a stable and diversified customer base, including reputed industrial houses such as Cadila Pharmaceuticals Limited, UPL Sustainable Agri Solutions Limited, Coromandel International Limited, Dhanuka Agritech Limited, and others. Over the years, it has established a strong regional presence in Jammu while expanding its marketing and distribution network across multiple states in India.
Objects of the Phytochem Remedies (India) Ltd. IPO:
Phytochem Remedies (India) Ltd. IPO Details:
| Open Date: | Dec 18 2025 |
| Close Date: | Dec 22 2025 |
| Total Shares: | 39,00,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Price |
| Issue Size: | 38.22 Cr. |
| Lot Size: | 1200 Shares |
| Issue Price: | ₹ 98 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Dec 26 2025 |
Promoters And Management:
Financials of Phytochem Remedies (India) Ltd. IPO:
| Particulars | 6M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 25 | 36.53 | 33 | 21 |
| EBITDA (Cr) | 6.7 | 8.7 | 5.9 | 2.9 |
| EBITDA Margins | 27% | 24% | 18% | 14% |
| PAT (Cr) | 3.8 | 4.5 | 2.3 | 0.8 |
| PAT Margins | 15.12% | 12.3% | 7.0% | 3.9% |
| ROCE | 18.3% | 25.3% | 18.1% | 11.9% |
| D/E Ratio | 1.14 | 1.42 | 2.41 | 3.16 |
| OPerating Cash Flow | 0.7 | 4.7 | 0.4 | -0.6 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Phytochem Remedies (India) Limited | 36.53 | 24% | 12.3% | 25.3% | 1.42 | 115.39 | 25.81 |
| Perfectpac Ltd | 113 | 6% | 3% | 12% | 0.02 | 60 | 16 |
| Worth Peripherals Ltd | 276 | 10% | 6% | 13% | 0.1 | 228 | 13.4 |
| G K P Printing & Packaging Ltd | 30.12 | 6.04% | 2.80% | 4.87% | 0.09 | 15.1 | 18.4 |
| Note : Forward P/E is 15.18 According to FY26 PAT | |||||||
Lead Manager of Phytochem Remedies (India) Ltd. IPO:
Registrar of Phytochem Remedies (India) Ltd. IPO:
Discussion on Phytochem Remedies (India) Ltd. IPO:
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