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Issue Date:07 December 2018     Price in Rs. R 7000    Price in USD. $ 100

Rampur (UP) based Swati Menthol And Allied Chemicals Limited is a leading manufacturer of natural menthol and related products like peppermint oil and terpene chemicals from India. It claims to be the second largest producer of menthol in India.


The Company also manufactures flavors and fragrances with a total portfolio of 33 products, all of which find application in several industries including pharmaceuticals, food, oral care, flavor, fragrances, tobacco, cosmetics, and paint. The Company caters to reputed customers including multinational companies such as such as Colgate-Palmolive Company, Hindustan Unilever Ltd, Asian Paints, Nestle, Dabur, Ranbaxy, Hindalco, Nerolac, Unilever PLC, International Flavors, Firmenich Global Supply and Fragrances Inc, USA. (source: Brickwork ratings)


Presently, the Company has two manufacturing units: Unit-1 for Mint Division (Capacity 4200 MT/year) & new installed Unit-2 in 2014 for Pine and Aroma Division (Capacity 5000 MT/year). Out of total installed capacity of 9200 units, the actual production in FY18 was 6647 units (73% capacity). The Company’s Mint division contributed 63% to total revenues in FY18, Fragrance/ Aroma/ Essential Oil Division, 25% and Pine division 12%. Exports contributed around 62% of total sales in FY18 followed by domestic sales (38%). (source: Brickwork ratings)


While the business was started in 1977,  the private limited company was incorporated in 1990, which was made public limited in 2001. It has 9 directors: Surendra Kumar Gupta (managing director), Sushma Rani Gupta, Sanchit Gupta, Geeti Gupta, Radhey Shyam Jha, Suneet Mohan Saxena, Sudha Gupta, Nitin Kumar Gupta and Mandvi Gupta


For the year ended Mar’18, Swati Menthol reported revenue of around Rs 4.6B USD68m, and net profit of around USD 105m (USD 1.5m)


Find more information in our detailed research report.

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  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios


  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details