PCBL Chemical Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹11,295 Cr
- P/E
- 42.68
- ROE
- 5.56%
- PEG
- -1.99
- Price to sales
- 1.33
- Debt to equity
- 1.25
- 52W high / low
- ₹372 / ₹232
- Sales growth (5Y)
- 25.22%
- EBITDA margin
- 13.10%
- Net profit margin
- 2.62%
- Promoter holding
- 53.38%
- Sales (last year)
- ₹8,549 Cr
Incorporated in 1960, Company is a part of RP‑Sanjiv Goenka Group and is in the business of production of Carbon Black, speciality chemical and generation of electricity for the purpose of captive consumptions and sale of surplus to outsiders.[1]
Guidance scorecard · Q1 FY27 call
What PCBL Chemical Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
10–20%- PCBL expects significant growth in both volume and value over the next 1-2 years, driven by increasing Indian demand and expansion in the U.S. and Europe markets.
- Strong growth in specialty carbon blacks, with new product launches enhancing the portfolio.
- Despite short-term volume timing issues, full-year high single-digit volume growth is anticipated.
- Aquapharm Chemicals aims for revenue and margin growth through launching commercial phosphonates products, expanding green chelates, and geographic penetration in Europe and Latin America.
- Oil and gas segment is expected to be volatile short-term but stabilize later, supporting growth.
- Domestic carbon black sales grew 15% YoY while international volumes are expected to scale up as export logistics normalize.
2 more points from PCBL Chemical Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what PCBL Chemical Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- FY27 greenfield expansion capex will be limited, with major expenses expected next year (refer to Andhra facility licensing progress).
- Around INR100 crores of strategic capex planned in FY27, mainly efficiency and cost optimization projects.
- Overall FY27 capex outlook: ~INR300 crores, plus/minus INR50 crores, mostly maintenance and productivity enhancements; greenfield expansion largely completed.
- Coal tar distillation project progressing well; business plan and equipment evaluation underway with capex approval targeted within the quarter.
- Focus on volume and value growth in carbon black, specialty chemicals, and new product developments driving future investments.
2 more points from PCBL Chemical Ltd's call on capex
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FundraisingQ1 FY27 call
See what PCBL Chemical Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Some international customer orders were not fully delivered in Q1 due to high logistics costs impacting margins.
- Management expects volumes to pick up significantly in Q3 and Q4, indicating a healthy future order flow.
- Advanced stage negotiations with international customers, especially in U.S. and Europe, imply a strong pipeline.
2 more points from PCBL Chemical 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 PCBL Chemical Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of PCBL Chemical Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,374 | 1,348 | 1,487 | 1,657 | 1,929 | 2,144 | 2,163 | 2,010 | 2,087 | 2,114 | 2,164 | 1,846 | 2,066 |
| Expenses + | 1,190 | 1,137 | 1,249 | 1,378 | 1,619 | 1,785 | 1,800 | 1,693 | 1,790 | 1,795 | 1,897 | 1,631 | 1,823 |
| Operating Profit | 184 | 211 | 238 | 279 | 310 | 358 | 364 | 317 | 298 | 319 | 266 | 215 | 243 |
| OPM % | 13% | 16% | 16% | 17% | 16% | 17% | 17% | 16% | 14% | 15% | 12% | 12% | 12% |
| Other Income + | 17 | 4 | 3 | 7 | 23 | 11 | 6 | 11 | 20 | 6 | 12 | -5 | 0 |
| Interest | 19 | 19 | 21 | 32 | 108 | 121 | 119 | 118 | 103 | 112 | 107 | 106 | 97 |
| Depreciation | 34 | 41 | 48 | 53 | 75 | 84 | 86 | 87 | 88 | 92 | 93 | 94 | 94 |
| Profit before tax | 148 | 154 | 172 | 201 | 149 | 164 | 164 | 124 | 126 | 120 | 78 | 10 | 52 |
| Tax % | 31% | 29% | 28% | 26% | 26% | 28% | 25% | 25% | 21% | 22% | 21% | 80% | 23% |
| Net Profit + | 102 | 109 | 123 | 148 | 111 | 118 | 123 | 93 | 100 | 94 | 62 | 2 | 40 |
| EPS in Rs | 2.71 | 2.89 | 3.25 | 3.92 | 2.95 | 3.13 | 3.27 | 2.47 | 2.65 | 2.49 | 1.63 | 0.05 | 1.02 |
Financials of PCBL Chemical Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,470 | 1,894 | 1,927 | 2,558 | 3,529 | 3,244 | 2,660 | 4,446 | 5,774 | 6,420 | 8,404 | 8,189 |
| Expenses + | 2,319 | 1,729 | 1,662 | 2,175 | 2,912 | 2,778 | 2,143 | 3,793 | 5,043 | 5,383 | 7,067 | 7,146 |
| Operating Profit | 151 | 165 | 265 | 383 | 616 | 465 | 517 | 653 | 731 | 1,037 | 1,337 | 1,043 |
| OPM % | 6% | 9% | 14% | 15% | 17% | 14% | 19% | 15% | 13% | 16% | 16% | 13% |
| Other Income + | 14 | 16 | 12 | 23 | 20 | 28 | 19 | 28 | 41 | 37 | 47 | 14 |
| Interest | 95 | 72 | 51 | 41 | 37 | 46 | 34 | 29 | 53 | 181 | 461 | 423 |
| Depreciation | 58 | 62 | 61 | 61 | 66 | 92 | 110 | 121 | 137 | 217 | 346 | 373 |
| Profit before tax | 12 | 47 | 165 | 304 | 533 | 355 | 392 | 532 | 582 | 676 | 577 | 261 |
| Tax % | 14% | 66% | 58% | 24% | 28% | 19% | 20% | 20% | 24% | 27% | 25% | 24% |
| Net Profit + | 10 | 16 | 69 | 230 | 383 | 288 | 314 | 426 | 442 | 491 | 435 | 198 |
| EPS in Rs | 0.31 | 0.46 | 2.01 | 6.64 | 11.13 | 8.31 | 9.10 | 11.29 | 11.70 | 13.01 | 11.51 | 5.03 |
| Dividend Payout % | 32% | 54% | 30% | 11% | 16% | 42% | 38% | 44% | 47% | 42% | 48% | 0% |
Financials of PCBL Chemical Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 38 | 38 | 38 | 38 | 39 |
| Reserves | 473 | 1,010 | 1,096 | 1,343 | 1,615 | 1,665 | 1,901 | 2,576 | 2,792 | 3,209 | 3,660 | 3,967 |
| Borrowings + | 1,220 | 1,022 | 758 | 717 | 793 | 617 | 724 | 786 | 1,029 | 4,983 | 5,571 | 4,989 |
| Other Liabilities + | 285 | 524 | 691 | 776 | 944 | 995 | 1,067 | 1,385 | 1,573 | 3,066 | 2,453 | 2,299 |
| Total Liabilities | 2,012 | 2,590 | 2,580 | 2,871 | 3,387 | 3,311 | 3,726 | 4,785 | 5,433 | 11,295 | 11,722 | 11,295 |
| Fixed Assets + | 851 | 1,416 | 1,388 | 1,399 | 1,500 | 1,640 | 1,742 | 1,934 | 1,968 | 6,892 | 6,595 | 7,145 |
| CWIP | 80 | 80 | 80 | 67 | 175 | 306 | 267 | 175 | 1,130 | 433 | 732 | 566 |
| Investments | 86 | 228 | 291 | 316 | 362 | 155 | 196 | 588 | 234 | 433 | 516 | 464 |
| Other Assets + | 995 | 867 | 822 | 1,090 | 1,350 | 1,210 | 1,521 | 2,087 | 2,101 | 3,537 | 3,879 | 3,119 |
| Total Assets | 2,012 | 2,590 | 2,580 | 2,871 | 3,387 | 3,311 | 3,726 | 4,785 | 5,433 | 11,295 | 11,722 | 11,295 |
Financials of PCBL Chemical Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 35 | 422 | 346 | 293 | 290 | 532 | 385 | 290 | 504 | 1,105 | 760 | 1,576 |
| Cash from Investing Activity + | -68 | -121 | -36 | -34 | -278 | -107 | -203 | -541 | -552 | -4,214 | -690 | -675 |
| Cash from Financing Activity + | 34 | -262 | -337 | -110 | -70 | -389 | -180 | 217 | -31 | 3,381 | -64 | -990 |
| Net Cash Flow | 1 | 39 | -27 | 148 | -58 | 36 | 3 | -34 | -78 | 272 | 6 | -89 |
| Free Cash Flow | 2 | 388 | 306 | 198 | 58 | 301 | 271 | -16 | -392 | 573 | -4 | 851 |
| CFO/OP | 24% | 262% | 143% | 94% | 68% | 129% | 87% | 60% | 92% | 127% | 70% | 158% |
Financials of PCBL Chemical Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 84 | 88 | 74 | 68 | 66 | 97 | 91 | 70 | 97 | 78 | 62 |
| Inventory Days | 56 | 66 | 72 | 68 | 73 | 54 | 101 | 70 | 48 | 82 | 80 | 65 |
| Days Payable | 28 | 74 | 123 | 88 | 81 | 70 | 134 | 106 | 80 | 147 | 100 | 92 |
| Cash Conversion Cycle | 105 | 77 | 37 | 54 | 60 | 51 | 64 | 55 | 38 | 32 | 57 | 35 |
| Working Capital Days | -34 | -80 | -57 | -34 | -1 | -4 | 15 | 17 | 4 | -11 | -24 | -40 |
| ROCE % | 6% | 6% | 11% | 17% | 25% | 16% | 17% | 18% | 17% | 14% | 12% | 8% |
Guidance history
How PCBL Chemical Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 20–40% | Up 2%+ | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
20 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 | −22.9% | 33% |
| Last 6 months | −1.3% | 52% |
| Last 3 months | −12.6% | 34% |
The price is 50% below its all-time high of ₹573.45 (27 Sept 2024). Stocks more than 20% below their peak have their score halved, so 41 became 20.
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 PCBL Chemical Ltd: 0.4 × 33 + 0.4 × 52 + 0.2 × 34 = 41, halved to 20 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 29 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 PCBL Chemical Ltd's management said in earlier quarters
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