About Indian Emulsifiers Limited
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Indian Emulsifiers Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Vrt Enterprises Private Limited. It operates in the pharmaceuticals segment of the chemicals sector. It was incorporated on 05 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L46691MH2020PLC351364. Its GSTIN is 27AAFCI9300K1ZF (Maharashtra). It is a listed company.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹18.33 Cr. It is led by directors including Yash Sunil Tikekar (Managing Director) and Abhay Tikekar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹159.82 Cr, a growth of 57.9% compared to the previous year. For the same year it recorded a net profit of ₹16.25 Cr (net margin 10.2%) and EBITDA of ₹25.85 Cr (EBITDA margin 16.2%). The net worth stands at ₹147.05 Cr (up 79.3% YoY). Total assets are valued at ₹202.31 Cr (up 87.9% YoY).
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indian Emulsifier. As per MCA filings, the company has open charges of ₹63.13 Cr and satisfied charges of ₹18 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indianemulsifiers.com.
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- Registered Address107 Floor – 1 Sumer Kendra Shivram Seth Amrutwar Road, Near Doordarshan Kendra Off Pandurang Budhwar Marg, Mumbai, Maharashtra, India – 400018
- IndustryChemicals, Pharmaceuticals, Medicinal Chemical & Botanical Products, Chemical Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
CIN History of Indian Emulsifiers Limited
Indian Emulsifiers has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L46691MH2020PLC351364, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L46691MH2020PLC351364 | Current |
| U24100MH2020PTC351364 | Previous |
| U46691MH2020PLC351364 | Previous |
| U46691MH2020PTC351364 | Previous |
Associated Brands with Indian Emulsifiers Limited
Indian Emulsifiers operates one associated brand: Indian Emulsifier. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and supplier of specialty chemicals for food, pharmaceuticals, personal care, cosmetics, home care, and industrial cleaning industries | indianemulsifiers.com |
Business Activity of Indian Emulsifiers Limited
The main business activity of Indian Emulsifiers is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Board of Directors of Indian Emulsifiers Limited
Indian Emulsifiers has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Sunil Tikekar Also directs: Yst Surfactants Private Limited, VRT Enterprises Private Limited, Yst Life Sciences Private Limited and 2 more | Managing Director | 05 Dec 2020 | 5 Years 10 Months | Current |
| Rajaram Gordhanlal Agarwal Also directs: Asi Industries Limited | Director | 27 Nov 2023 | 2 Years 10 Months | Current |
| Abhay Tikekar Also directs: Spartan Professional Products Private Limited | Whole-Time Director | 27 Dec 2023 | 2 Years 9 Months | Current |
| Vaishali Dipen Tarsariya | Director | 27 Dec 2023 | 2 Years 9 Months | Current |
| Rajesh Madhukar Joshi | Director | 27 Nov 2023 | 2 Years 10 Months | Current |
Financials of Indian Emulsifiers Limited FY 2025-26 filings available
Indian Emulsifiers Limited reported revenue of ₹159.82 Cr (up 57.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 160 | 101 | 66.68 |
| Revenue growth | +57.9% | +51.8% | - |
| EBITDA | 25.85 | 19.63 | 14.79 |
| EBITDA margin | +16.2% | +19.4% | +22.2% |
| Profit before tax | 19.93 | 16.42 | 10.82 |
| Net profit | 16.25 | 13.30 | 8.82 |
| Net profit margin | +10.2% | +13.1% | +13.2% |
| EPS (₹) | 8.80 | 10.88 | 9.79 |
| Balance sheet | |||
| Total assets | 202 | 108 | 52.09 |
| Net worth | 147 | 82.03 | 28.44 |
| Total debt | 55.11 | 25.60 | 23.60 |
| Cash & bank | 7.78 | 0.07 | 0.09 |
| Net working capital | 125 | 66.48 | 31.39 |
| Cash flow | |||
| Cash from operations | 244 | (16.55) | 0.35 |
| Cash from investing | (39.06) | (23.32) | (7.90) |
| Cash from financing | 74.76 | 39.85 | 7.61 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 160 | 101 | 66.68 | 41.18 | 17.68 | 0.00 |
| Revenue growth | +57.9% | +51.8% | +61.9% | +132.9% | - | - |
| EBITDA | 25.79 | 19.63 | 14.79 | 7.86 | 0.80 | 0.00 |
| EBITDA margin | +16.1% | +19.4% | +22.2% | +19.1% | +4.5% | - |
| Profit before tax | 19.87 | 16.42 | 10.82 | 4.63 | 0.12 | 0.00 |
| Net profit | 16.21 | 13.30 | 8.82 | 3.89 | 0.04 | 0.00 |
| Net profit margin | +10.1% | +13.1% | +13.2% | +9.5% | +0.2% | - |
| EPS (₹) | 8.76 | 10.88 | 9.79 | 6.48 | 0.07 | (3.70) |
| Balance sheet | ||||||
| Total assets | - | 108 | 52.09 | 32.37 | 18.85 | 0.60 |
| Net worth | - | 82.03 | 28.44 | 12.04 | 8.15 | 0.01 |
| Total debt | - | 25.60 | 23.60 | 20.31 | 10.69 | 0.59 |
| Cash & bank | - | 0.07 | 0.09 | 0.03 | 0.03 | 0.04 |
| Net working capital | - | 66.48 | 31.39 | 19.64 | 9.09 | 0.60 |
| Cash flow | ||||||
| Cash from operations | - | (16.55) | 0.35 | 0.19 | (5.76) | 0.03 |
| Cash from investing | - | (23.82) | (7.90) | (0.19) | (2.35) | 0.00 |
| Cash from financing | - | 40.35 | 7.61 | 0.00 | 8.10 | 0.01 |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 18.00 | 13.60 |
| Other income | 0.01 | 0.03 |
| Total expenses | 14.40 | 8.91 |
| EBITDA | 3.60 | 4.69 |
| EBITDA margin | +20.0% | +34.5% |
| Depreciation | 0.49 | 0.43 |
| Interest | 0.43 | 0.80 |
| Profit before tax | 2.69 | 3.49 |
| Tax | 0.61 | 0.56 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 160 | 101 | 66.68 |
| Revenue growth | +57.9% | +51.8% | - |
| Other income | 0.36 | 1.43 | 0.04 |
| Total expenses | 134 | 81.60 | 51.89 |
| Employee cost | 0.00 | 0.24 | 0.36 |
| EBITDA | 25.85 | 19.63 | 14.79 |
| EBITDA margin | +16.2% | +19.4% | +22.2% |
| Depreciation | 2.64 | 2.23 | 1.69 |
| Interest | 3.64 | 2.41 | 2.32 |
| Profit before tax | 19.93 | 16.42 | 10.82 |
| Tax | 3.68 | 3.12 | 2.00 |
| Net profit | 16.25 | 13.30 | 8.82 |
| Net profit margin | +10.2% | +13.1% | +13.2% |
| EPS (₹) | 8.80 | 10.88 | 9.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 18.33 | 12.22 | 9.01 |
| Reserves & surplus | 129 | 69.81 | 19.43 |
| Shareholders' funds (net worth) | 147 | 82.03 | 28.44 |
| Minority interest | 0.00 | 0.00 | 0.00 |
| Secured loans | 47.44 | 23.84 | 17.01 |
| Unsecured loans | 7.67 | 1.76 | 6.59 |
| Total debt | 55.11 | 25.60 | 23.60 |
| Total liabilities | 202 | 108 | 52.09 |
| Assets | |||
| Gross block | 60.66 | 24.28 | 20.29 |
| Net block | 52.71 | 18.98 | 17.21 |
| Capital work in progress | 23.02 | 21.39 | 2.76 |
| Investments | 0.05 | 0.00 | 0.00 |
| Inventories | 64.45 | 36.41 | 20.99 |
| Sundry debtors | 57.34 | 30.61 | 18.53 |
| Cash & bank balances | 7.78 | 0.07 | 0.09 |
| Loans & advances | 27.81 | 9.03 | 3.46 |
| Total current assets | 157 | 76.12 | 43.07 |
| Total current liabilities | 32.52 | 9.64 | 11.68 |
| Net working capital | 125 | 66.48 | 31.39 |
| Total assets | 202 | 108 | 52.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 0.07 | 0.09 | 0.03 |
| Net cash from operating activities | 244 | (16.55) | 0.35 |
| Net cash from investing activities | (39.06) | (23.32) | (7.90) |
| Net cash from financing activities | 74.76 | 39.85 | 7.61 |
| Net change in cash | 280 | (0.02) | 0.06 |
| Closing cash | 7.78 | 0.07 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +57.9% | +51.8% | - |
| EBITDA growth | +31.7% | +32.7% | - |
| PBT growth | +21.4% | +51.8% | +9997.0% |
| Net income growth | +22.2% | +50.8% | - |
| Profitability & leverage | |||
| Net income margin | +10.2% | +13.1% | +13.2% |
| Return on capital employed | - | +23.6% | +25.2% |
| Return on net worth | - | +24.1% | +31.0% |
| Debt / equity | - | 0.45 | 0.83 |
| Long-term debt / equity | - | 0.18 | 0.47 |
| Interest cover | 15.68 | 13.85 | 17.71 |
| Efficiency & per share | |||
| Fixed asset turnover | - | 4.54 | 3.29 |
| Inventory turnover | - | 3.53 | 3.18 |
| Debtors turnover | - | 4.12 | 3.60 |
| EPS (₹) | 8.80 | 10.88 | 9.79 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 67.12 | 31.56 |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 18.00 | 13.60 |
| Other income | 0.01 | 0.03 |
| Total expenses | 14.40 | 8.91 |
| EBITDA | 3.60 | 4.69 |
| EBITDA margin | +20.0% | +34.5% |
| Depreciation | 0.49 | 0.43 |
| Interest | 0.43 | 0.80 |
| Profit before tax | 2.69 | 3.49 |
| Tax | 0.61 | 0.56 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 160 | 101 | 66.68 | 41.18 | 17.68 | 0.00 |
| Revenue growth | +57.9% | +51.8% | +61.9% | +132.9% | - | - |
| Other income | 0.36 | 1.43 | 0.04 | 0.00 | 0.00 | 0.00 |
| Total expenses | 134 | 81.60 | 51.89 | 33.32 | 16.88 | 0.00 |
| Employee cost | 0.00 | 0.24 | 0.36 | 0.33 | 0.97 | 0.00 |
| EBITDA | 25.79 | 19.63 | 14.79 | 7.86 | 0.80 | 0.00 |
| EBITDA margin | +16.1% | +19.4% | +22.2% | +19.1% | +4.5% | - |
| Depreciation | 2.64 | 2.23 | 1.69 | 1.18 | 0.21 | 0.00 |
| Interest | 3.64 | 2.41 | 2.32 | 2.05 | 0.47 | 0.00 |
| Profit before tax | 19.87 | 16.42 | 10.82 | 4.63 | 0.12 | 0.00 |
| Tax | 3.66 | 3.12 | 2.00 | 0.74 | 0.08 | 0.00 |
| Net profit | 16.21 | 13.30 | 8.82 | 3.89 | 0.04 | 0.00 |
| Net profit margin | +10.1% | +13.1% | +13.2% | +9.5% | +0.2% | - |
| EPS (₹) | 8.76 | 10.88 | 9.79 | 6.48 | 0.07 | (3.70) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | - | 12.22 | 9.01 | 8.11 | 8.11 | 0.01 |
| Reserves & surplus | - | 69.81 | 19.43 | 3.93 | 0.04 | 0.00 |
| Shareholders' funds (net worth) | - | 82.03 | 28.44 | 12.04 | 8.15 | 0.01 |
| Secured loans | - | 23.84 | 17.01 | 15.52 | 9.75 | 0.00 |
| Unsecured loans | - | 1.76 | 6.59 | 4.79 | 0.94 | 0.59 |
| Total debt | - | 25.60 | 23.60 | 20.31 | 10.69 | 0.59 |
| Total liabilities | - | 108 | 52.09 | 32.37 | 18.85 | 0.60 |
| Assets | ||||||
| Gross block | - | 24.28 | 20.29 | 14.11 | 10.00 | 0.00 |
| Net block | - | 18.98 | 17.21 | 12.72 | 9.79 | 0.00 |
| Capital work in progress | - | 21.39 | 2.76 | 0.00 | 0.00 | 0.00 |
| Investments | - | 0.01 | 0.00 | 0.05 | 0.05 | 0.00 |
| Inventories | - | 36.41 | 20.99 | 8.75 | 1.20 | 0.00 |
| Sundry debtors | - | 30.61 | 18.53 | 8.05 | 2.92 | 0.00 |
| Cash & bank balances | - | 0.07 | 0.09 | 0.03 | 0.03 | 0.04 |
| Loans & advances | - | 9.03 | 3.46 | 4.69 | 5.12 | 0.56 |
| Total current assets | - | 76.12 | 43.07 | 21.52 | 9.27 | 0.60 |
| Total current liabilities | - | 9.64 | 11.68 | 1.88 | 0.18 | 0.00 |
| Net working capital | - | 66.48 | 31.39 | 19.64 | 9.09 | 0.60 |
| Total assets | - | 108 | 52.09 | 32.37 | 18.85 | 0.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | - | 0.09 | 0.03 | 0.03 | 0.04 | 0.00 |
| Net cash from operating activities | - | (16.55) | 0.35 | 0.19 | (5.76) | 0.03 |
| Net cash from investing activities | - | (23.82) | (7.90) | (0.19) | (2.35) | 0.00 |
| Net cash from financing activities | - | 40.35 | 7.61 | 0.00 | 8.10 | 0.01 |
| Net change in cash | - | (0.02) | 0.06 | 0.00 | (0.01) | 0.04 |
| Closing cash | - | 0.07 | 0.09 | 0.03 | 0.03 | 0.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +57.9% | +51.8% | +61.9% | +132.9% | - | - |
| EBITDA growth | +31.4% | +32.7% | +88.2% | +882.5% | - | - |
| PBT growth | +21.0% | +51.8% | +133.7% | +3758.3% | +9997.0% | +9997.0% |
| Net income growth | +21.9% | +50.8% | +126.7% | +9625.0% | - | - |
| Revenue CAGR (3Y) | +57.2% | +78.9% | - | - | - | - |
| EBITDA CAGR (3Y) | +48.6% | +190.6% | - | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +10.1% | +13.1% | +13.2% | +9.5% | +0.2% | - |
| Return on capital employed | - | +23.6% | +31.1% | +26.1% | +6.1% | 0.0% |
| Return on net worth | - | +24.1% | +46.0% | +48.7% | +1.3% | 0.0% |
| Debt / equity | - | 0.45 | 1.08 | 1.54 | 1.38 | 58.87 |
| Long-term debt / equity | - | 0.18 | 0.61 | 0.96 | 0.94 | -0.04 |
| Interest cover | 15.72 | 13.85 | 17.71 | 30.69 | 79.66 | - |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 4.54 | 3.88 | 3.42 | 3.54 | 0.00 |
| Inventory turnover | - | 3.53 | 4.48 | 8.28 | 29.47 | 0.00 |
| Debtors turnover | - | 4.12 | 5.02 | 7.51 | 12.11 | 0.00 |
| EPS (₹) | 8.76 | 10.88 | 9.79 | 6.48 | 0.07 | (3.70) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 67.12 | 31.56 | 16.54 | 10.07 | 6.30 |
Charges & Borrowings of Indian Emulsifiers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Apr 2026 | Others | ₹10 Cr | Open |
| 25 Mar 2026 | Others | ₹4.5 Cr | Open |
| 17 Feb 2026 | Bank of India | ₹10 Cr | Open |
| 30 Jul 2025 | Others | ₹23.24 Lakh | Open |
| 02 Mar 2023 | Bank of India | ₹6.8 Cr | Open |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Indian Emulsifiers Limited
Employment history and EPFO contributions of people linked to Indian Emulsifiers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Indian Emulsifiers Limited
Indian Emulsifiers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI9300K1ZF | Maharashtra | Active | 15 Apr 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Indian Emulsifiers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Indian Emulsifiers Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Indian Emulsifiers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Indian Emulsifiers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Indian Emulsifiers Limited
Frequently Asked Questions about Indian Emulsifiers Limited
Indian Emulsifiers is an active public limited company based in Mumbai, Maharashtra, India. The company works in pharmaceuticals, within the chemicals industry. It was incorporated on 05 December 2020 (6+ years old) and is registered under CIN L46691MH2020PLC351364.
Indian Emulsifiers reported revenue of ₹159.82 Cr for FY 2025-26 (up 57.9% YoY) based on consolidated financials.
Indian Emulsifiers has 5 current directors:
- Yash Sunil Tikekar - Managing Director
- Abhay Tikekar - Whole-Time Director
- Rajaram Gordhanlal Agarwal - Director
- Vaishali Dipen Tarsariya - Director
- Rajesh Madhukar Joshi - Director
The GSTIN of Indian Emulsifiers is 27AAFCI9300K1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indian Emulsifiers is L46691MH2020PLC351364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Indian Emulsifiers is a listed company.
Indian Emulsifiers was incorporated on 05 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Indian Emulsifiers can be reached through the website indianemulsifiers.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indian Emulsifiers is at 107 Floor – 1 Sumer Kendra Shivram Seth Amrutwar Road, Near Doordarshan Kendra Off Pandurang Budhwar Marg, Mumbai, Maharashtra, India – 400018.