MarketFriction

PCBL Chemical Ltd

NSE PCBL · BSE 506590 · Carbon Black
₹321.50 -2.90%
NSE close2026-10-01
52 week range226.50 - 394.00
Market cap₹13,002 Cr.
P/E49.1
Nifty 500Smallcap 250 Price band 20% Delivery 43.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,4871,6571,9292,1442,1632,0102,0872,1142,1641,8462,0662,473
Expenses1,2491,3781,6191,7851,8001,6931,7901,7951,8971,6311,8232,078
Operating Profit238279310358364317298319266215243396
OPM %16%17%16%17%17%16%14%15%12%12%12%16%
Other Income37231161120612-504
Interest21321081211191181031121071069793
Depreciation4853758486878892939494103
Profit before tax172201149164164124126120781052204
Tax %28%26%26%28%25%25%21%22%21%80%23%24%
Net Profit123148111118123931009462240155
EPS in Rs3.253.922.953.133.272.472.652.491.630.051.023.94
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,8941,9272,5583,5293,2442,6604,4465,7746,4208,4048,1898,549
Expenses1,7291,6622,1752,9122,7782,1433,7935,0435,3837,0677,1467,429
Operating Profit1652653836164655176537311,0371,3371,0431,119
OPM %9%14%15%17%14%19%15%13%16%16%13%13%
Other Income161223202819284137471412
Interest7251413746342953181461423403
Depreciation6261616692110121137217346373384
Profit before tax47165304533355392532582676577261345
Tax %66%58%24%28%19%20%20%24%27%25%24%
Net Profit1669230383288314426442491435198259
EPS in Rs0.462.016.6411.138.319.1011.2911.7013.0111.515.036.64
Dividend Payout %54%30%11%16%42%38%44%47%42%48%119%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%25%12%2%
Compounded Profit Growth31%-7%-21%-36%
Stock Price CAGR29%20%25%-12%
Return on Equity14%13%11%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital343434343434343838383839
Reserves4731,0101,0961,3431,6151,6651,9012,5762,7923,2093,6603,967
Borrowings1,2201,0227587177936177247861,0294,9835,5714,989
Other Liabilities2855246917769449951,0671,3851,5733,0662,4532,299
Total Liabilities2,0122,5902,5802,8713,3873,3113,7264,7855,43311,29511,72211,295
Fixed Assets8511,4161,3881,3991,5001,6401,7421,9341,9686,8926,5957,128
CWIP808080671753062671751,130433732583
Investments86228291316362155196588234433516464
Other Assets9958678221,0901,3501,2101,5212,0872,1013,5373,8793,119
Total Assets2,0122,5902,5802,8713,3873,3113,7264,7855,43311,29511,72211,295
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity354223462932905323852905041,1057601,576
Cash from Investing Activity-68-121-36-34-278-107-203-541-552-4,214-690-675
Cash from Financing Activity34-262-337-110-70-389-180217-313,381-64-990
Net Cash Flow139-27148-58363-34-782726-89
Free Cash Flow238830619858301271-16-392573-4851
CFO/OP24%262%143%94%68%129%87%60%92%127%70%158%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days778488746866979170977862
Inventory Days5666726873541017048828065
Days Payable28741238881701341068014710092
Cash Conversion Cycle1057737546051645538325735
Working Capital Days-34-80-57-34-1-415174-11-24-40
ROCE %6%6%11%17%25%16%17%18%17%14%12%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.41%51.41%51.41%51.41%51.41%51.41%51.41%51.41%51.41%53.38%53.38%53.38%
FIIs7.07%7.12%6.68%5.29%4.99%5.24%5.58%5.53%6.08%5.68%5.56%5.79%
DIIs7.78%6.25%5.61%6.41%6.80%6.70%8.93%9.89%10.77%10.20%10.99%11.26%
Government1.24%1.24%1.24%1.24%1.24%1.24%1.24%1.24%1.24%1.19%1.19%1.19%
Public32.51%33.98%35.07%35.66%35.56%35.44%32.83%31.95%30.51%29.55%28.90%28.37%
No. of Shareholders1,88,6482,18,5242,41,4892,40,1622,77,3353,03,5312,92,5702,87,3292,85,5462,81,5842,84,4882,75,244

Fundamentals

Market Cap₹ 13,002 Cr.
Current Price₹ 330
Stock P/E49.1
Book Value₹ 102
ROCE7.75 %
ROE5.56 %
Dividend Yield1.82 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-36%
Consolidated figures.
Valuation
Market capRs 12,650 Cr
Enterprise valueRs 17,351 Cr
P/E (TTM)48.88x
Price to book3.16x
Price to sales1.48x
EV / EBITDA15.33x
EV / EBIT23.20x
EV / sales2.03x
Price to cash flow8.03x
Earnings yield2.05%
Dividend yield1.87%
P/E, 3-year average35.15x
P/B, 3-year average3.27x
P/E, 5-year average24.09x
P/B, 5-year average2.44x
Profitability
Operating margin (excl. other income)12.74%
Operating margin (incl. other income)12.90%
EBITDA margin13.24%
Pre-tax margin4.03%
Net profit margin3.03%
Net margin, latest quarter6.27%
ROE5.14%
ROCE7.49%
ROA1.72%
ROE, 3-year average11.27%
ROCE, 3-year average11.18%
ROA, 3-year average3.79%
ROE, 5-year average13.75%
ROCE, 5-year average13.91%
ROA, 5-year average6.00%
ROIC (approx.)6.52%
Tax rate24.06%
Other income / net worth0.34%
Growth
Sales growth (latest year)-2.56%
Profit growth (latest year)-54.47%
Sales CAGR, 3 years12.35%
Sales CAGR, 5 years25.22%
Profit CAGR, 3 years-23.49%
Profit CAGR, 5 years-8.80%
Sales growth QoQ19.71%
Profit growth QoQ285.02%
Sales growth YoY (latest quarter)17.00%
Profit growth YoY (latest quarter)64.77%
Per share
EPS (TTM)Rs 6.58
EPS (latest year)Rs 5.03
EPS (latest quarter)Rs 3.94
EPS, 3-year averageRs 9.85
EPS, 5-year averageRs 12.77
Book value per shareRs 101.82
Sales per shareRs 217.27
Cash flow per shareRs 40.06
Free cash flow per shareRs 21.63
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 5.67
Dividend per share, 5-year averageRs 6.50
Dividends
Dividend payout119.32%
Dividend payout, 3-year average69.79%
Dividend payout, 5-year average60.14%
Efficiency
Asset turnover0.73x
Fixed asset turnover1.15x
Inventory turnover5.92x
Inventory days62 days
Debtor days62 days
Debtors turnover5.87x
Creditor days92 days
Cash conversion cycle35 days
Working capital days-40 days
Leverage
Total debtRs 4,989 Cr
Cash and bankRs 288 Cr
Net debtRs 4,701 Cr
Debt to equity1.25x
Net debt / EBITDA4.15x
Interest coverage1.86x
Current ratio (filing 2026-03-31)0.83x
Quick ratio (filing 2026-03-31)0.54x
Trade payables (filing 2026-03-31)Rs 1,447 Cr
Owners' fund to total sources35.47%
Debt to assets44.17%
Cash flow
Cash from Operating Activity (latest year)Rs 1,576 Cr
Cash from Investing Activity (latest year)Rs -675 Cr
Cash from Financing Activity (latest year)Rs -990 Cr
Net Cash Flow (latest year)Rs -89 Cr
Free cash flow (latest year)Rs 851 Cr
FCFE (approx.: FCF + change in debt)Rs 269 Cr
Cash from ops / profit, 5 years2.13x
Sales to cash flow5.20x
Statement figures
Net sales (TTM)Rs 8,549 Cr
Net sales (latest year)Rs 8,189 Cr
Sales (latest quarter)Rs 2,473 Cr
Operating profit excl. other income (latest year)Rs 1,043 Cr
Operating profit (latest quarter)Rs 396 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 1,132 Cr
PBDT (TTM)Rs 728 Cr
Profit before tax (TTM)Rs 345 Cr
Tax (latest year)Rs 63 Cr
Net profit (TTM)Rs 259 Cr
Net profit (latest year)Rs 198 Cr
Net profit (latest quarter)Rs 155 Cr
Depreciation (TTM)Rs 384 Cr
Depreciation (latest quarter)Rs 103 Cr
Interest (TTM)Rs 403 Cr
Cost of goods sold (latest year)Rs 6,064 Cr
Total expenditure (latest year)Rs 7,146 Cr
Total income (latest year)Rs 8,203 Cr
Share capitalRs 39 Cr
ReservesRs 3,967 Cr
Shareholders' fundsRs 4,006 Cr
Total assetsRs 11,295 Cr
Net blockRs 7,128 Cr
Capital work in progressRs 583 Cr
InvestmentsRs 464 Cr
ReceivablesRs 1,395 Cr
InventoryRs 1,024 Cr
Other liabilitiesRs 2,299 Cr
Shares outstanding (crore)39.35
Ownership
Promoter holding53.38% (+1.97 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 48.9 is at the 88th percentile of its own 9.4-year range (median 17.0, low 3.1, high 73.3).
P/B 3.16 is at the 66th percentile (median 2.52).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPCBLNifty 50Difference
1 week-5.1%-2.8% -2.3 pts
1 month+1.3%-6.8% +8.1 pts
3 months+0.1%-7.6% +7.7 pts
6 months+32.9%+0.4% +32.5 pts
1 year-16.1%-9.9% -6.2 pts
2 years-38.5%-13.6% -24.9 pts
3 years+90.5%+14.2% +76.3 pts
5 years+143.0%+27.9% +115.1 pts
41 mutual fund schemes hold about ₹837 Cr. Over three months 7 bought more and 14 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.61%207 -18%
HDFC Balanced Advantage Fund0.19%199 -2%
Tata Small Cap Fund1.05%137 -6%
ICICI Pru Aggressive Hybrid Fund(A0.13%68 +100%
Aditya Birla SL Value Fund0.71%49 -6%
Aditya Birla SL Small Cap Fund0.56%35 -9%
ICICI Pru Multi Cap Fund0.16%32 +100%
ICICI Pru Multi Cap Fund0.16%30 +100%
Tata India Innovation Fund1.38%18 +2%
Aditya Birla SL Conglomerate Fund1.02%16 -0%
ICICI Pru Children's Fund0.71%10 +100%
Nippon India Nifty Smallcap 250 Index Fund0.25%9 -5%
ICICI Pru Commodities Fund0.15%6 +100%
SBI Nifty Smallcap 250 Index Fund0.25%5 -5%
Motilal Oswal Nifty Smallcap 250 Index Fund0.25%3 -5%
iSIF Equity Long-Short Fund0.65%3 +100%
ICICI Pru Nifty Smallcap 250 Index Fund0.25%2 -5%
HDFC NIFTY Smallcap 250 Index Fund0.25%2 -5%
Nippon India Nifty 500 Equal Weight Index Fund0.20%1 -4%
JioBlackRock Nifty Smallcap 250 Index Fund0.25%1 -5%
Motilal Oswal Nifty 500 Index Fund0.03%1 -4%
Edelweiss Nifty Smallcap 250 Index Fund0.25%1 -5%
Groww Nifty Smallcap 250 Index Fund0.25%0 -5%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.06%0 -5%
Bandhan Nifty Smallcap 250 Index Fund0.25%0 -5%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,473 Cr +17.0% vs Jun 2025. Net profit ₹155 Cr +64.9%.
Against our estimate for Jun 2026: sales +22.6%, profit +220.1% big beat. Our estimate for Sep 2026: sales Rs 2,337 Cr, profit Rs 56 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Himadri Speciality Chemical Ltd33,68542.222.1 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-08-04Interim Dividend - Rs 4.50 Per Share
2025-10-27Interim Dividend - Rs 6 Per Share
2025-01-16Interim Dividend - Rs 5.50 Per Share
2024-08-21Annual General Meeting
2024-01-29Interim Dividend - Rs 5.50 Per Share
2023-07-04Annual General Meeting
2023-02-10Interim Dividend - Rs 5.50 Per Share
2022-06-20Annual General Meeting
2022-04-11Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2022-02-01Interim Dividend - Rs 10 Per Share
2021-06-14 Annual General Meeting
2021-02-01 Interim Dividend - Rs 7 Per Share
2020-07-22 Annual General Meeting
2020-02-25 Interim Dividend - Rs 3.5 Per Share Special Dividend - Rs 3.5 Per Share
2019-07-11 Annual General Meeting
2019-01-28 Interim Dividend - Rs 3.50 Per Share
2018-07-18 Annual General Meeting/Dividend- Rs 1.20 Per Share
2018-04-19 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2017-11-07 Interim Dividend - Rs 6/- Per Share
2017-09-13 Annual General Meeting
2017-03-09 Interim Dividend Rs 6/- Per Share
2016-07-13 Annual General Meeting/Dividend -Rs 2.50 Per Share
2015-07-22Annual General Meeting / Dividend - Re 1/- Per Share
2014-06-18Annual General Meeting
2013-07-17Annual General Meeting/Dividend Re 0.50/- Per Share
2012-07-16Annual General Meeting/Dividend Rs 4 Per Share
2011-07-18Annual General Meeting And Dividend Rs.5/- Per Share
2010-07-09Annual General Meeting/Final Dividend Rs.4/- Per Share And Golden Jubilee Year Dividend Re.1/- Per Share.
2009-07-13Annual General Meeting
2008-07-16Agm/Dividend - 40%
2007-07-11Agm/Dividend-20%
2006-07-07Agm
DateTypeWhat it says
2026-09-25Shareholder meetingWith copy of minutes of Annual General Meeting held on September 22, 2026
2026-09-24UpdatesRe-lodgement of Transfer Requests of Physical Shares for the month of August, 2026.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...
2026-09-22AppointmentAppointment of Mr. Ravi Varma as Company Secretary & Compliance Officer of the company w.e.f. October 01, 2026.
2026-09-22RetirementRetirement of Mr. Kaushik Mukherjee (FCS-5000) as the Company Secretary and Compliance Officer of the Company, at close of business hours of 30th Sept...
2026-09-18UpdatesDisclosure under Regulations 30 and 51 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 ( SEBI Listing Regulations ) E...
2026-09-18Concall / analyst meetSchedule of meet
2026-09-17UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) ESG Rati...
2026-08-25UpdatesSubmission of Business Responsibility and Sustainability Report for FY 2025-26.
2026-08-25Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-21Change in ManagementAppointment of Mr. RohitMaindwal as Chief & Executive Director Specialty Blacks
2026-08-18UpdatesRe-lodgement of Transfer Requests of Physical Shares for the month of July, 2026.
2026-08-18General UpdatesApproval received under the Electronics Components Manufacturing Scheme (ECMS) for its Acetylene Black Project
2026-08-05Concall / analyst meetTranscript
2026-07-31General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) Order is...
2026-07-31UpdatesFinancial results for the period ended 30-Jun-2026.
2026-07-29Concall / analyst meetLink of Recording
2026-07-29Investor PresentationInvestor Presentation
2026-07-29Record DateRecord date for the purpose of Dividend is 04-Aug-2026.
2026-07-29DividendBoard of Directors at its meeting held on July 29, 2026, declared Interim Dividend of Rs. 4.50 per equity share.
2026-07-29Board meeting outcomePCBL Chemical Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-25CessationCessation of Mr RK Agarwal as Non- Executive Independent Director of the company w.e.f. July 25, 2026.
2026-07-24Concall / analyst meetSchedule of meet
2026-07-09UpdatesRe-lodgement of Transfer Requests of Physical Shares for the month of June, 2026.
2026-07-07Credit RatingCredit Rating
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2017-08-31CESTATPHILLIPS CARBON BLACK LTD ---VS.--- JAIPUR-I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of PCBL Chemical Ltd?

PCBL Chemical Ltd (PCBL) has a market capitalisation of Rs 13,002 Cr. at the 2026-10-01 close.

What is the P/E ratio of PCBL Chemical Ltd?

PCBL Chemical Ltd trades at a P/E of 49.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were PCBL Chemical Ltd's latest quarterly results?

In the Jun 2026 quarter, PCBL Chemical Ltd sales was Rs 2,473 Cr (+17.0% vs Jun 2025) and net profit was Rs 155 Cr.

What is the 52-week high and low of PCBL Chemical Ltd?

The 52-week high is Rs 394.00 and the 52-week low is Rs 226.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03