BSE: 524522
LAFFANS PETROCHEMICALS LTD.
Trades in chemical products as its only reported business, with revenue coming entirely from this single segment. FY26 revenue from operations was Rs 493.53 lakhs, down 39.5% from Rs 816.10 lakhs in FY25, and net profit after tax was Rs 41.34 lakhs versus Rs 200.40 lakhs a year earlier. The company is listed on BSE's SME platform and operates as a small trading entity. Employee cost accounted for Rs 1.15 crore (23.3% of revenue) and other operating expenses for Rs 2.37 crore (47.9% of revenue) in FY26, with depreciation at Rs 0.54 crore (10.9%) and capex at Rs 0.43 crore (8.8%). Results were volatile across the year: Q2 FY26 swung to a net loss of Rs 431.17 lakhs on negative other income, Q3 FY26 recovered to a profit of Rs 156.26 lakhs, and Q4 FY26 ended in a net loss of Rs 325.60 lakhs. The auditor issued an unqualified opinion but flagged that some bank accounts lacked external confirmations, with management stating these were non-operational pending KYC completion. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Trading in Chemical products (100%). Small, single-segment chemical trading company listed on BSE's SME platform
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 22 | 17 | 6 | 8 | 5 |
| EBITDA (ex other income) | (6) | (2) | (4) | (2) | (2) |
| margin % | (26.6) | (13.0) | (61.4) | (29.2) | (44.8) |
| Owners' profit | (2) | 1 | 3 | 2 | 0 |
| EPS, as reported (₹) | (2.19) | 0.96 | 3.25 | 2.50 | 0.51 |
| ROE % · ROCE % | (3.0) · (3.3) | 1.3 · 2.4 | 4.2 · 6.1 | 3.1 · 4.0 | 0.6 · 0.4 |
| Debt / equity (x) | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 |
| Cash from operations | (1) | 1 | (2) | (6) | 0 |
| Capex | 0 | (1) | (0) | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 1 | 1 | 0 | 2 | 1 | 2 | 1 |
| Profit before tax | 2 | (2) | (2) | 7 | (5) | 2 | (4) | 5 |
| Net profit | 1 | (2) | (2) | 6 | (4) | 2 | (3) | 5 |
| EPS (₹) | 1.40 | (2.55) | (3.05) | 8.02 | (5.39) | 1.95 | (4.07) | 6.21 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| UNIPHOS ENTERPRISES LTD | 592 | 29.3 | 0.24 | — | 0.8 | 0.8 | — | — |
| VINYL CHEMICALS (I) LTD. | 451 | 19.4 | 3.46 | — | 12.7 | 16.8 | — | 9.0 |
| BHAVIK ENTERPRISES LIMITED | 297 | 20.1 | — | — | — | 11.1 | — | — |
| EVEXIA LIFECARE LIMITED | 295 | 52.3 | 0.68 | 102.9 | 0.4 | 0.3 | 0.7 | 3.3 |
| SHANKAR LAL RAMPAL LTD | 259 | 14.0 | 2.11 | — | 11.0 | 14.7 | — | 9.4 |
| A-1 LIMITED | 238 | 21.5 | 4.40 | 22.2 | 11.1 | 14.8 | — | 3.5 |
| MYSORE PETRO CHEMICALS L | 78 | 48.9 | 0.35 | 83.9 | 0.4 | 0.2 | 18.0 | (0.4) |
| Yash Chemex Limited | 52 | 26.0 | 0.86 | 14.2 | 4.0 | 5.2 | 20.6 | (0.0) |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.3 | 0.8 | 2 of 10 | 89% |
| ROCE | 0.3 | 3.0 | 9 of 14 | 39% |
| ROE | 0.7 | 0.8 | 6 of 10 | 44% |
| Debt / Equity | 0.0 | 0.0 | 4 of 10 | 67% |
| EBITDA margin | 476.9 | 3.3 | 1 of 9 | 100% |
| Revenue growth | 261.5 | 10.9 | 1 of 11 | 100% |
| Profit growth | (22.5) | 5.7 | 6 of 10 | 44% |
| Market cap | 21 | 78 | 9 of 13 | 33% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Routine RTA compliance certificate for Q2 FY26 dematerialization | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closure from Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 22 Sept 2026 · Shareholders approve Secretarial Auditor appointment at 33rd AGM | management changes | medium | — | — |
| 22 Sept 2026 · 33rd AGM held; financial statements adopted and secretarial auditor appointed | board shareholder meetings | low | — | — |
| 22 Sept 2026 · 33rd AGM of Laffans Petrochemicals held on September 22, 2026 | board shareholder meetings | low | — | — |
| 22 Sept 2026 · 33rd AGM held; financial statements adopted, secretarial auditor appointed | board shareholder meetings | low | — | — |
| 22 Sept 2026 · 33rd AGM held on Sept 22, 2026; 2 items transacted | board shareholder meetings | low | — | — |
| 22 Sept 2026 · 33rd AGM held; FY26 accounts adopted, new secretarial auditor appointed | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Newspaper publication of 33rd AGM notice filed with BSE | compliance | minimal | — | — |
| 26 Aug 2026 · Laffans Petrochemicals submits Annual Report for FY 2025-26 | results | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.