PRIMO CHEMICALS LIMITED

Operates in the commodity chemicals industry, reporting consolidated FY26 revenue of Rs 561.6923 crore and net profit of Rs 15.3708 crore. On a standalone basis, FY26 total income was Rs 15,051.35 lakhs with a profit after tax of Rs 1,008.73 lakhs. A large part of the consolidated business sits in subsidiary Flow Tech Chemicals Private Limited, which recorded turnover of Rs 34,166 lakhs and PAT of Rs 980 lakhs in FY26; the company is acquiring the remaining 51% stake (about Rs 55.16 crore for 3.88 lakh shares at Rs 1,418.20 per share) to make Flow Tech a wholly owned subsidiary. To bring down power costs, it has executed transaction documents to invest Rs 21 crore for a 26% equity stake in TPCS Private Limited, a special purpose vehicle set up to own and operate a 49.998 MW AC solar power plant under captive mode on the OPEX model, with stated expected cost savings of up to Rs 24 crore per annum once commissioned. The cost structure is dominated by materials at 61.3% of revenue, with depreciation at 9.4%, other operating expenses at 15.8% and employee costs at 8.4%. Crisil has assigned a long-term rating of BBB/Stable and a short-term rating of A3+ to its bank loan facilities totalling Rs 180 crore.