Chembond Chemicals Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹561 Cr
- P/E
- 14.65
- ROE
- 17.74%
- PEG
- 1.33
- Price to sales
- 1.63
- Debt to equity
- 0.00
- 52W high / low
- ₹284 / ₹106
- EBITDA margin
- 14.47%
- Net profit margin
- 10.31%
- Promoter holding
- 68.17%
- Sales (last year)
- ₹347 Cr
Incorporated in 1974, Chembond Chemicals Ltd manufactures and trades products and services related to Speciality Chemicals.[1]
Guidance scorecard · Q2 FY27 call
What Chembond Chemicals Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ4 FY26 call
10–20%- Company aspires to reach ₹1000 crore sales within four years, aiming for nearly triple current sales (~₹330-340 crores).
- Growth strategies include geographical expansion, entering new markets, and organic growth from a larger base.
- Volume growth drives most sales increases; price increases have contributed minimally.
- Construction chemicals volume growth forecasted at 15-20%, water chemicals around 10% for the current year.
- Water business shows fastest growth and strong order book, with new client additions driving volume increases.
2 more points from Chembond Chemicals Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Chembond Chemicals Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Current year CAPEX has increased to around ₹20-21 crores, mainly due to the full-year impact of the demerger, including assets transferred to their books and office building renovations.
- Preparing for potential adverse scenarios with readiness for all eventualities.
- No plans for major new plant setups or large-scale capital investments beyond current year CAPEX.
2 more points from Chembond Chemicals Ltd's call on capex
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FundraisingQ4 FY26 call
See what Chembond Chemicals Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- The Water Business Unit (BU) is entering the period with a strong order book for both chemicals and equipment.
- There are ongoing activities and developments in the bioremediation space, with expectations of increased contributions from the wastewater treatment subsection.
- New client additions have driven volume growth in the water chemicals business, with contracts extending till mid of the current financial year.
2 more points from Chembond Chemicals Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Chembond Chemicals Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Chembond Chemicals Ltd
Shareholding breakup across reporting periods.
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Promoters + | 67.65% | 67.74% | 67.94% | 67.98% | 68.00% | 68.17% |
| FIIs + | 0.63% | 0.62% | 0.73% | 0.66% | 0.65% | 0.65% |
| DIIs + | 0.98% | 0.81% | 2.00% | 2.06% | 2.65% | 2.65% |
| Public + | 30.75% | 30.84% | 29.34% | 29.31% | 28.70% | 28.54% |
| No. of Shareholders | 12,871 | 12,364 | 11,777 | 11,344 | 10,732 | 10,554 |
Pros & Cons
Chembond Chemicals Ltd
Key positives and risks surfaced from the company insights section.
- Mar 2025 Mar 2026 Manufacturing Locations count 3 Presentation - 21 Nov 2025 “3 Manufacturing Locations” Page 4 · Source 3 Presentation - 16 May 2026 “3 Manufacturing Locations” Page 4 · Source Revenue Share - Chemical Distribution % 7 Presentation - 16 May 2026 “Water Treatment 84% Construction Chemicals 9% Distribution 7% Industrial Hygiene 0% FY 24-25” Page 28 · Source 6 Presentation - 16 May 2026 “Water Treatment 87% Construction Chemicals 7% Distribution 6% Industrial Hygiene 1% FY 25-26” Page 28 · Source Revenue Share - Construction Chemicals % 9 Presentation - 16 May 2026 “Water Treatment 84% Construction Chemicals 9% Distribution 7% Industrial Hygiene 0% FY 24-25” Page 28 · Source 7 Presentation - 16 May 2026 “Water Treatment 87% Construction Chemicals 7% Distribution 6% Industrial Hygiene 1% FY 25-26” Page 28 · Source Revenue Share - Water Technologies % 84 Presentation - 16 May 2026 “Water Treatment 84% Construction Chemicals 9% Distribution 7% Industrial Hygiene 0% FY 24-25” Page 28 · Source 87 Presentation - 16 May 2026 “Water Treatment 87% Construction Chemicals 7% Distribution 6% Industrial Hygiene 1% FY 25-26” Page 28 · Source Total Personnel Strength count 950 Presentation - 21 Nov 2025 “950 Committed Personnel” Page 4 · Source 950 Presentation - 16 May 2026 “950 Committed Personnel” Page 4 · Source Volume Sold - Chemical Distribution MT 1,049 Presentation - 16 May 2026 “1049 594 H2 FY26 H1 FY26 Volume in MT” Page 22 · Source Volume Sold - Construction Chemicals MT 2,590 Presentation - 16 May 2026 “2590 1988 H2 FY26 H1 FY26 Volume in MT + 30.28%” Page 16 · Source Volume Sold - Water Technologies MT 14,813 Presentation - 16 May 2026 “14813 9905 H2 FY26 H1 FY26 Volume in MT + 49.55%” Page 12 · Source
- Mar 2025 Mar 2026 Manufacturing Locations count 3 Presentation - 21 Nov 2025 “3 Manufacturing Locations” Page 4 · Source 3 Presentation - 16 May 2026 “3 Manufacturing Locations” Page 4 · Source Revenue Share - Chemical Distribution % 7 Presentation - 16 May 2026 “Water Treatment 84% Construction Chemicals 9% Distribution 7% Industrial Hygiene 0% FY 24-25” Page 28 · Source 6 Presentation - 16 May 2026 “Water Treatment 87% Construction Chemicals 7% Distribution 6% Industrial Hygiene 1% FY 25-26” Page 28 · Source Revenue Share - Construction Chemicals % 9 Presentation - 16 May 2026 “Water Treatment 84% Construction Chemicals 9% Distribution 7% Industrial Hygiene 0% FY 24-25” Page 28 · Source 7 Presentation - 16 May 2026 “Water Treatment 87% Construction Chemicals 7% Distribution 6% Industrial Hygiene 1% FY 25-26” Page 28 · Source Revenue Share - Water Technologies % 84 Presentation - 16 May 2026 “Water Treatment 84% Construction Chemicals 9% Distribution 7% Industrial Hygiene 0% FY 24-25” Page 28 · Source 87 Presentation - 16 May 2026 “Water Treatment 87% Construction Chemicals 7% Distribution 6% Industrial Hygiene 1% FY 25-26” Page 28 · Source Total Personnel Strength count 950 Presentation - 21 Nov 2025 “950 Committed Personnel” Page 4 · Source 950 Presentation - 16 May 2026 “950 Committed Personnel” Page 4 · Source Volume Sold - Chemical Distribution MT 1,049 Presentation - 16 May 2026 “1049 594 H2 FY26 H1 FY26 Volume in MT” Page 22 · Source Volume Sold - Construction Chemicals MT 2,590 Presentation - 16 May 2026 “2590 1988 H2 FY26 H1 FY26 Volume in MT + 30.28%” Page 16 · Source Volume Sold - Water Technologies MT 14,813 Presentation - 16 May 2026 “14813 9905 H2 FY26 H1 FY26 Volume in MT + 49.55%” Page 12 · Source
Financials of Chembond Chemicals Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 64.36 | 75.03 | 74.88 | 78.01 | 65.38 | 73.04 | 86.35 | 101.38 | 86.48 | 95.77 |
| Expenses + | 57.03 | 67.12 | 60.47 | 65.74 | 56.96 | 62.37 | 74.00 | 85.50 | 75.15 | 87.43 |
| Operating Profit | 7.33 | 7.91 | 14.41 | 12.27 | 8.42 | 10.67 | 12.35 | 15.88 | 11.33 | 8.34 |
| OPM % | 11.39% | 10.54% | 19.24% | 15.73% | 12.88% | 14.61% | 14.30% | 15.66% | 13.10% | 8.71% |
| Other Income + | 1.91 | 1.85 | 0.19 | 1.91 | 2.72 | 0.41 | 1.05 | -0.19 | 2.78 | 0.09 |
| Interest | 0.16 | 0.16 | 0.24 | 0.11 | 0.15 | 0.15 | 0.17 | 0.21 | 0.15 | 0.17 |
| Depreciation | 1.02 | 0.52 | 0.95 | 2.45 | 1.19 | 1.32 | 1.31 | 1.53 | 1.18 | 1.25 |
| Profit before tax | 8.06 | 9.08 | 13.41 | 11.62 | 9.80 | 9.61 | 11.92 | 13.95 | 12.78 | 7.01 |
| Tax % | 30.65% | 24.12% | 25.65% | 25.13% | 36.02% | 25.18% | 18.54% | 16.70% | 25.27% | 53.50% |
| Net Profit + | 5.60 | 6.89 | 9.97 | 8.69 | 6.27 | 7.20 | 9.71 | 11.62 | 9.55 | 3.26 |
| EPS in Rs | 2.33 | 2.70 | 3.62 | 4.36 | 3.54 | 1.21 |
Financials of Chembond Chemicals Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 349 | 440 | 283 | 292 | 326 | 370 |
| Expenses + | 332 | 406 | 241 | 250 | 279 | 322 |
| Operating Profit | 17 | 35 | 42 | 42 | 48 | 48 |
| OPM % | 4.9% | 8% | 15% | 14% | 15% | 13% |
| Other Income + | 9 | 5 | 4 | 6 | 4 | 4 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 5 | 3 | 5 | 5 | 5 |
| Profit before tax | 21 | 34 | 42 | 42 | 45 | 46 |
| Tax % | 32% | 26% | 29% | 27% | 23% | |
| Net Profit + | 14 | 25 | 30 | 31 | 35 | 34 |
| EPS in Rs | 13.00 | 12.73 | ||||
| Dividend Payout % | 48% | 16% | 0% | 11% | 10% |
Financials of Chembond Chemicals Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 13 | 13 | 13 | 13 |
| Reserves | 297 | 315 | 130 | 161 | 194 | 203 |
| Borrowings + | 2 | 7 | 0 | 0 | 0 | 2 |
| Other Liabilities + | 56 | 73 | 37 | 40 | 45 | 51 |
| Total Liabilities | 361 | 402 | 180 | 214 | 252 | 269 |
| Fixed Assets + | 121 | 117 | 22 | 21 | 23 | 22 |
| CWIP | 1 | 12 | 0 | 0 | 0 | 0 |
| Investments | 75 | 65 | 27 | 35 | 30 | 50 |
| Other Assets + | 164 | 207 | 131 | 157 | 199 | 197 |
| Total Assets | 361 | 402 | 180 | 214 | 252 | 269 |
Financials of Chembond Chemicals Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -10 | 2 | -56 | 10 | 8 |
| Cash from Investing Activity + | -2 | 0 | 48 | -9 | 1 |
| Cash from Financing Activity + | -4 | -2 | 13 | -1 | -4 |
| Net Cash Flow | -16 | 0 | 6 | 1 | 5 |
| Free Cash Flow | -14 | -10 | -75 | 5 | 1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -17% | 27% | -105% | 50% | 46% |
Financials of Chembond Chemicals Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 94 | 95 | 99 | 125 | 128 |
| Inventory Days | 66 | 52 | 49 | 49 | 57 |
| Days Payable | 76 | 81 | 77 | 73 | 75 |
| Cash Conversion Cycle | 84 | 67 | 72 | 102 | 109 |
| Working Capital Days | 78 | 70 | 80 | 104 | 120 |
| ROCE % | 11% | 18% | 26% | 24% |
Guidance history
How Chembond Chemicals Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
34 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +22.6% | 75% |
| Last 6 months | +28.1% | 80% |
| Last 3 months | −15.0% | 30% |
The price is 31.6% below its all-time high of ₹284.38 (21 Aug 2026). Stocks more than 20% below their peak have their score halved, so 68 became 34.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Chembond Chemicals Ltd: 0.4 × 75 + 0.4 × 80 + 0.2 × 30 = 68, halved to 34 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Chembond Chemicals Ltd's management said in earlier quarters
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