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SK Minerals plans ₹20 cr capex to triple manufacturing capacity

The halogen-free flame retardant plant is in trial with five customers. At full utilisation, it could add ₹100 cr in annual revenue.

3 earlier stories on SK Minerals & Additives Ltd.
Mkt cap₹468 cr
P/E25.80×
ROE46.23%
Debt / eq.1.89
₹20 cr / 2 years Planned capex to expand manufacturing capacity from 6,600 to 18,000 MT.

What's new

  • FY26 revenue rose 50% to ₹318 cr with improved EBITDA margins.
  • ₹20 cr capex over two years will push manufacturing capacity from 6,600 to 18,000 MT.
  • New halogen-free flame retardant plant is in trial with five customers. Three patents to be filed within six months.

Why this matters

SK Minerals wants manufacturing to account for half its revenue, up from 23% now. The ₹100 cr revenue target from a single new product line, once fully utilised, would be nearly a third of last year's total sales. The capex commitment shows management is putting capital behind that shift. The customer trials and patent filings are the milestones that will determine if the plant delivers.

What we're watching

  • Customer trial outcomes for the halogen-free flame retardant product.
  • Patent filing timeline; three patents targeted within six months.
  • Progress on raising manufacturing's share of revenue from 23% to 50%.

The full read

SK Minerals grew revenue 50% to ₹318 crore in FY26 and is now steering capital toward manufacturing. The company plans ₹20 crore in capex over two years to roughly triple capacity, from 6,600 MT to 18,000 MT, with a target of lifting manufacturing's revenue contribution from 23% to 50%. The centrepiece is a new halogen-free flame retardant additive plant. It can produce 400 tonnes per month at full utilisation and is currently in trial with five customers. If those trials convert, the plant alone could generate about ₹100 crore annually, nearly a third of last year's turnover. Three patents are to be filed within six months. The transcript itself is routine post-disclosure. It adds detail to what management said live on May 29 but no new financials or orders.

Questions answered

How much did SK Minerals grow in FY26?
Revenue rose 50% to ₹318 crore, with EBITDA margins also improving. The company did not disclose absolute EBITDA or margin figures in the summary provided.
What is the capacity expansion plan?
SK Minerals will invest ₹20 crore over the next two years to increase total manufacturing capacity from 6,600 metric tons to 18,000 MT, nearly triple. The goal is to raise manufacturing's share of revenue from 23% to 50%.
What is the halogen-free flame retardant product?
It is a new additive plant currently in trial with five customers. At full utilisation of 400 tonnes per month, it could generate roughly ₹100 crore in annual revenue. The company plans to file three patents for the product within six months.
Is this transcript introducing new information?
No. It documents management commentary from the May 29 earnings call that was already communicated live. The transcript adds granularity but no new orders, financial surprises, or strategic shifts beyond what was previously disclosed.
Mentioned: ₹20 cr capex · 6,600 to 18,000 MT capacity · ₹100 cr annual revenue target from flame retardant plant
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on SKM →
  1. 2 Jun 2026 · 9:44 PM IST SK Minerals plans ₹20 cr capex to triple manufacturing capacity
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