Experience That Sets Direction
Dear Stakeholders,
As I look back over the past three decades, I'm filled with gratitude for what our
country and our company has accomplished in manufacturing and chemical sector. Over the
years, I have personally witnessed how global customers are looking at India as a reliable
partner for manufacturing due to its ethical business practices, supportive ecosystem,
focus on quality, skilled talent and good governance. Today, our Company Vishnu Chemicals
Limited is recognized as a leading manufacturer of Chromium and Barium Chemicals globally
due to the consistent improvements done over the years. The unique characteristics of our
inorganic chemicals make these them irreplaceable in various applications.
Our distinctive strengths, such as a flexible & diversified product mix and process
innovations developed over the years, has established us as one of the most efficient and
resilient chemical producers globally.
FY 2024-25 year was not merely a phase of expansion; it was a moment of strategic
inflection. In a year laced with challenges, we were pleased to deliver consistently. We
remained firmly rooted in our core strengths while actively crafting a roadmap for
sustainable diversification.
In the year 2024-25, our Company delivered robust growth in revenues and profits
combined with a deleveraged and cash rich balance sheet. Our Company is pleased to deliver
four quarters of sequential revenue growth achieving the highest ever operating revenues
of Rs. 1,446.6 Cr in fiscal 2024-25.
In FY 2024-25, our Company recorded operating revenues of Rs. 1,446.6 Cr compared to
^1,212.6 Cr in 2023-24, an increase of 19% on a y-o-y basis. Our Company maintained
healthy margins, with an EBITDA margin of 15.8% and a PAT margin of 8.8% for the year.
Our Company maintained a strong and prudent financial position. Our Company has
achieved a feat of reducing its consolidated debt to equity ratio seven years in a row.
Consolidated net cash flow from operations grew by 33.7% in 2024-25 demonstrating our
Company's focus on cash generation and internal accruals.
We have always believed that longterm value is built by design.The past year reaffirmed
that belief. Our Company's performance drew strength from operational excellence,
financial prudence, and responsible growth. Alongside, we made bold moves to expand into
new chemistries, geographies, and supply chain capabilities, ensuring that we are equipped
to meet future demands and influence the direction of the industry.
Our progress continues to reflect a powerful duality: the strength of our foundation
and the ambition to evolve. Our legacy in inorganic chemicals, built over three decades,
continues to ensure record production, process efficiency, and cost resilience.This
operational maturity is what anchors us.
At the same time, we recognise that sustaining growth calls for exploration of new
frontiers. With forward-looking acquisitions, strategic backward integration, and
diversification into value-accretive chemistries like strontium, we are expanding our
portfolio with intent. These are not departures from our identity; they are deliberate
extensions of it.
We now enter the next phase of our journey not only as a market leader but as a
transformation-driven enterprise, anchored to our core and poised to diversify.
We are focused on R&D to launch new products and optimise manufacturing processes
while ensuring that each product batch meets our hallmark of quality.
This approach is complemented by our state-of-the-art facilities and advanced research
methodologies.
We continuously invest in R&D, embrace cutting-edge technologies, and develop new
capabilities to meet the evolving needs of our reputed customers across 50+ countries.
Our Company treats people as an asset. There is nothing more important than the
well-being of our workforce. We are committed to continuous training and ensuring our
employees are equipped for change and transformation.
ESG is at the heart of everything we do atVishnu. Our products are manufactured with
respect for the environment and a commitment to corporate responsibility, ensuring we
progress while also caring for our dear planet. Every step we take is underscored by
ethical business practices and a deep sense of stewardship towards the planet.
Our Company's commitment to upholding the highest governance standards has earned us
the trust and confidence of our long standing credible stakeholders. This trust is also
reflected in our strong credit ratings, association with banks and financial institutions,
and the adoption of robust systems like SAP, which reinforce our stability and
reliability.
On behalf of my entire Vishnu family,
I extend my gratitude to all our stakeholders for your continued trust, support, and
partnership. As we shape the next chapter of our journey, we do so with confidence,
integrity, and an unwavering commitment to efficiency and sustainability.
Thank you for being an essential part of our journey. Together, I am confident we will
achieve even greater success in the years to come.
Warm regards.
Mr. Ch. Krishna Murthy
Chairman & Managing Director