NSE: OCCLLTD · BSE: 544278
OCCL LIMITED
Manufactures Insoluble Sulphur, a rubber additive used primarily in the tyre industry, and is the sole domestic producer of this chemical in India. FY26 revenue stood at Rs. 505.9 crore, with PAT of Rs. 47.71 crore and EBITDA margin of 17.7%. The company filed an anti-dumping duty absorption review against Chinese imports of Insoluble Sulphur in March 2026, citing the existing USD 307/MT duty imposed in June 2025 and valid till June 2030. Materials account for 49.1% of revenue, making raw materials the largest cost input. A demerger of chemical business from AG Ventures Limited took effect from July 2024, contributing to the FY26 revenue increase. The Board recommended a final dividend of Rs. 1.80 per share, taking total FY26 dividend to Rs. 2.80 per share. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Insoluble Sulphur. Niche specialty chemicals manufacturer with single-product focus
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 307 | 506 |
| EBITDA (ex other income) | 53 | 87 |
| margin % | 17.3 | 17.2 |
| Owners' profit | 21 | 48 |
| EPS, as reported (₹) | 4.29 | 9.55 |
| ROE % · ROCE % | 5.4 · 7.4 | 11.1 · 12.7 |
| Debt / equity (x) | 0.14 | 0.20 |
| Cash from operations | 70 | 11 |
| Capex | (13) | (16) |
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 | 103 | 96 | 107 | 123 | 120 | 114 | 149 | 220 |
| Profit before tax | 10 | 7 | 11 | 18 | 12 | 8 | 17 | 54 |
| Net profit | 8 | 5 | 9 | 13 | 9 | 7 | 19 | 40 |
| EPS (₹) | 1.50 | 1.05 | 1.74 | 2.63 | 1.74 | 1.31 | 3.87 | 8.06 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Nov 2026 · Q2 profit jumps 226% and interim dividend of Rs 2 per share declared | compliance | low | — | — |
| 6 Nov 2026 · OCCL fixes Rs 2 interim dividend record date at November 13, 2026 | corporate actions | high | — | — |
| 6 Nov 2026 · Standalone Sep 2026 quarter: revenue rises 115%, profit after tax rises 220%, margin expands | results | high | — | — |
| 6 Nov 2026 · Standalone Q2 FY27 revenue up 115%, profit after tax up 220%, dividend declared | results | high | — | — |
| 29 Oct 2026 · Board to approve September quarter results and consider interim dividend | compliance | minimal | — | — |
| 8 Oct 2026 · OCCL initiates countervailing duty probe on China Insoluble Sulphur imports | regulatory legal | high | — | — |
| 7 Oct 2026 · RTA Certificate under SEBI Reg 74(5) for Q2 FY27 filed | compliance | minimal | — | — |
| 30 Sept 2026 · DGTR hikes anti-dumping duty on Chinese Insoluble Sulphur to USD 485 per MT | regulatory legal | high | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 2 Sept 2026 · OCCL: ICRA reaffirms AA-(Stable) rating; Rs 269 cr bank limits enhanced | credit debt | 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.