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 · consolidated | 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 | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · OCCL: ICRA reaffirms AA-(Stable) rating; Rs 269 cr bank limits enhanced | credit debt | medium | — | — |
| 27 Aug 2026 · OCCL 4th AGM: All 5 resolutions passed, final dividend declared | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · OCCL Limited 4th AGM proceedings - dividend, director re-appointment tabled | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Newspaper ad on dispatch of 4th AGM notice and FY26 annual report | compliance | minimal | — | — |
| 4 Aug 2026 · OCCL fixes Aug 20 as record date for FY26 final dividend | corporate actions | high | — | — |
| 4 Aug 2026 · OCCL 4th AGM Notice and Annual Report FY26 filed | board shareholder meetings | medium | — | — |
| 4 Aug 2026 · OCCL Limited Annual Report FY26 — Revenue up 23%, PAT up 67% | investor communications | medium | — | — |
| 4 Aug 2026 · Newspaper notice for 4th AGM pre-dispatch of meeting notice | compliance | minimal | — | — |
| 30 Jul 2026 · OCCL Q1 FY27 results: Revenue up 78%, PAT jumps 3x | results | high | — | — |
| 30 Jul 2026 · OCCL Q1 FY27 PAT triples on 78 percent revenue growth, margins expand | results | high | — | — |
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.