Epigral Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Chemicals & Petrochemicals | Market Cap: ₹4.9K Cr

Epigral targets a CAGR growth of 15% to 20% in both top line (sales/revenue) and bottom line over the next 3 to 5 years. Epigral targets a compound annual growth rate (CAGR) of 15% to 20% for both top-line and bottom-line over the next 3 to 5 years, driven by ramp-up of new capacities and growing market demand.

From Epigral's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

1,235

Market Cap

₹4.9K Cr

P/E Ratio

17.9

Revenue Rank

Rank 2

Margin Rank

Rank 3

How does Epigral rank in Chemicals & Petrochemicals?

Compare Epigral against every Chemicals & Petrochemicals company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 2Margin: Rank 3
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Epigral — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹736 Cr, net profit ₹82 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 2
  • Epigral targets a CAGR growth of 15% to 20% in both top line (sales/revenue) and bottom line over the next 3 to 5 years.
  • Growth driven by ramping up existing capacities (chlorotoluenes, caustic soda, CPVC) and commissioning new capacities such as Epoxy Resin, Epichlorohydrin (ECH), and multipurpose plants.
  • The company aims to expand from approximately INR2,500 crores current revenue to around INR3,000-3,500 crores in the near term, and with all plants at optimal utilization, the top line could reach INR4,000+ crores over time.
  • Domestic demand, especially in infrastructure, renewable energy, automotive, and pharmaceutical/agrochemical intermediates, is expected to sustain double-digit volume growth.
  • Long-term focus includes capturing growing Indian market demand and eventual exports, especially to Europe post-FTA agreements.
  • Expectation of margin stability around 22%-25% with a 3-4 year gestation to reach peak utilization for new projects.

📈 Profitability & Margins

Rank 3
  • Epigral targets a compound annual growth rate (CAGR) of 15% to 20% for both top-line and bottom-line over the next 3 to 5 years, driven by ramp-up of new capacities and growing market demand.
  • The company aims to maintain an EBITDA margin around 22%-25%, with epoxy resin projects expected to have lower margins but high asset turnover, keeping ROCE around 20%.
  • Profit after tax (PAT) grew 25% in Q1 FY27 compared to Q1 FY26, reflecting resilience despite a challenging environment.
  • Expansion into value-added products and integration of raw material production are expected to sustain earnings growth and improve operational efficiency.
  • Capacity additions in epoxy resin, multipurpose plants, and enhanced ECH capacity will contribute significantly to future revenue and profits.
  • While short-term margin fluctuations are possible due to market volatility, long-term earnings growth is expected to be consistent due to diversification and integration strategies.

🏗️ Capital Expenditure Plans

Yes
  • Epigral Limited has approved a strategic capex plan for two new projects:
  • - Epoxy Resin & Formulations plant with 125,000 tons per annum capacity.
  • - A Multipurpose Plant (MPP) to manufacture downstream products of epichlorohydrin and chlorotoluenes value chain.
  • Total capex in chlorotoluenes around INR 250 crores has been done.
  • Combined peak revenue expected post these projects is INR 1,300 to 1,500 crores.
  • Overall capex including the MPP is expected to result in consolidated top line in the range of INR 700 to 800 crores initially.
  • Capex split: 40% internal accruals, 60% debt.
  • Estimated EBITDA margin for chlorotoluenes/MPP around 22%-23%.
  • Gestation/ramp-up period expected to be 1.5 to 2 years for optimum utilization.
  • A pilot plant for epoxy resin and MPP is to be operational by Q2 FY27 for product and customer approvals.

💰 Fundraising & Capital Structure

Yes
  • For the ongoing capex of around INR600 crores, the company plans to fund approximately 60% through debt and 40% from internal accruals. (Page 15)
  • No specific mention of any new equity fundraising was made during the call.
  • Net debt stood at INR474 crores as of June 30, 2026, up from INR439 crores the previous year, mainly due to capex and lower earnings. (Page 5)
  • The company maintains a moderate net debt-to-EBITDA ratio of 0.8x as of June 30, 2026. (Page 5)
  • No announcement of fresh equity or debt fundraising was disclosed beyond the stated capex funding mix and utilizing internal cash flows.
  • The focus appears to be on completing current expansions with a blend of debt and internal funds, maintaining financial discipline. (Overall context)

📋 Order Book & Pipeline

No information
The transcript does not provide specific details on the current or expected order book or pending orders for Epigral Limited as of Q1 FY27. However, related insights include: - The company is progressing with capacity expansion projects for Epichlorohydrin and CPVC resin as per timeline and budget. - There is an expected double-digit CAGR demand growth for these products over coming years. - Epigral is actively diversifying products, indicating a healthy demand pipeline. - The multiproduct plant (MPP) and epoxy resin projects are under commissioning with expectations to ramp up over 1.5 to 2 years. - The company expressed positive outlook and consistent growth prospects, supported by customer approvals ongoing via a pilot plant for value-added products. - No explicit mention of the size or value of order backlog or pending orders was made in the call transcript.

Key Metrics

Revenue

Rank 2

Margin

Rank 3

Capex

Yes

Fundraise

Yes

Order Book

No information

Frequently Asked Questions

What were Epigral Q1 FY27 results?

Epigral targets a CAGR growth of 15% to 20% in both top line (sales/revenue) and bottom line over the next 3 to 5 years. Epigral targets a compound annual growth rate (CAGR) of 15% to 20% for both top-line and bottom-line over the next 3 to 5 years, driven by ramp-up of new capacities and growing market demand.

What is Epigral share price analysis?

Epigral currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 17.9 with a market cap of ₹4,858 Cr. Investors should review the full earnings analysis for detailed insights.

Is Epigral planning capital expenditure?

Epigral Limited has approved a strategic capex plan for two new projects: - Epoxy Resin & Formulations plant with 125,000 tons per annum capacity.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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