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Hexagon Nutrition Limited

Minimum Investments
₹13,986
Price Range
₹42 - ₹45
Issue Size
₹138.87 Cr
Lot Size
333shares
Proceeds of this IPO to be used for
To carry out the offer for sale of up to 30,859,704 equity shares bearing face value of Rs 1 each by the selling shareholders
To achieve the benefits of listing the equity shares on the stock exchanges
Strengths & Weaknesses
Customised micronutrient formulations

The company is a fully integrated, holistic nutrition provider and market leader in customised micronutrient formulations, offering products from premixes to therapeutic and clinical solutions. Its end-to-end operations from R&D and manufacturing to marketing enable consistent quality, food safety, and scalable solutions across preventive and therapeutic nutrition categories

Recognised brand

The company has developed in-house brands like PENTASURE, OBESIGO, and PEDIAGOLD for specialised therapy areas and operates globally across 70+ countries with three manufacturing facilities and two R&D centres in India. It is a leading premix provider in India and a major licensed supplier of micronutrient powders under UN programs, supporting food fortification and public health initiatives

Omnichannel distribution

The company has pan-India omnichannel distribution through retail pharmacies, hospitals, e-commerce, online pharmacies, and its own brand websites, with exports to over 20 countries. Its network includes 342+ distributors and a 157-member sales force reaching 15,000+ healthcare professionals, contributing ~6% of FY25 revenue via online sales

Counterfeit risks

The company faces risks from counterfeit and look-alike products, particularly in India, which may harm brand reputation, customer trust, and financial performance. Unauthorised replication of its proprietary formulations or branded products could undermine innovation, differentiation, and R&D investments

Non-compliance

The company’s operations are subject to evolving health, safety, and environmental laws regulating manufacturing, waste management, and emissions. Non-compliance or exceeding permitted discharge levels could result in liabilities, remediation costs, and penalties from the government or third parties

Confidentiality risks

The company maintains confidentiality over product recipes, formulations, pricing, and launch information to protect its competitive position. Any unauthorised disclosure, despite employee agreements, could undermine its market advantage and adversely impact business performance

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)Mar 2025Y/Y Change
Operating Revenue324.93+9.14%
Other Income6.36-7.69%
Total Income331.29+8.76%
Total Expenditure296.78+3.96%
EBIDT47.22+50.38%
Depreciation8.77+8.00%
Interest3.95-4.82%
Tax9.34+28.12%
Net Profit24.38+99.67%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)Mar 2025
Total Current Assets183.64
Total Non-Current Assets77.72
Fixed assets68.30
Total Assets261.36
Total Current liabilities52.66
Total Non Current Liabilities14.51
Total Equity Plus Liabilities261.36
Total Shareholder Funds181.97
Total Debt to Equity15.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)Mar 2025
Cash from Operating Activity37.79
Cash from Financing Activities-19.24
Cash from Investing Activities-22.68
Net Cash Flow-4.13

About the Company

Hexagon Nutrition was incorporated on May 27, 1993. Hexagon Nutrition is a research-oriented pure-play nutrition company. The company offers products like clinical products, micronutrient premixes and therapeutic products. Their product portfolio addresses a broad spectrum of aspects such as fortification of foods, therapeutic nutrition, clinical nutrition and alleviation of malnutrition.

Promoter
Arun Purushottam Kelkar
Promoter
Subhash Purushottam Kelkar
Promoter
Vikram Arun Kelkar
Promoter
Nikhil Arun Kelkar

FAQs for Hexagon Nutrition Limited IPO

Bidding Closed
Listing Date: 12 Jun 26