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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Commodity chemicals, Flow Tech Chemicals (subsidiary). Commodity chemicals group consolidating a subsidiary and adding captive renewable power
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 454 | 707 | 397 | 556 | 562 |
| EBITDA (ex other income) | 87 | 192 | 7 | 68 | 68 |
| margin % | 19.1 | 27.2 | 1.7 | 12.3 | 12.1 |
| Owners' profit | 59 | 137 | 0 | 0 | 0 |
| EPS, as reported (₹) | 13.07 | 5.67 | (1.05) | 0.15 | 0.63 |
| ROE % · ROCE % | 21.4 · 24.3 | 33.3 · 34.6 | (6.5) · (2.6) | 0.9 · 7.6 | 3.8 · 7.1 |
| Debt / equity (x) | 0.22 | 0.35 | 0.46 | 0.43 | 0.32 |
| Cash from operations | 70 | 150 | 14 | 64 | 65 |
| Capex | (4) | (189) | (68) | (40) | (26) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 134 | 144 | 155 | 142 | 135 | 140 | 145 | 140 |
| Profit before tax | (2) | 4 | 10 | 7 | 2 | 0 | 8 | 9 |
| Net profit | 13 | 2 | (0) | 4 | 4 | 1 | 6 | 5 |
| EPS (₹) | 0.53 | 0.09 | (0.01) | 0.17 | 0.17 | 0.04 | 0.25 | 0.19 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DEEPAK FERTILIZERS & PETR | 16,727 | 17.0 | 2.24 | 12.2 | 9.9 | 8.4 | 14.6 | 26.1 |
| TATA CHEMICALS LTD | 15,683 | — | 0.71 | 141.2 | (7.7) | (5.0) | 7.4 | 14.4 |
| GUJ NAR VAL FER & CHEM L | 8,273 | 8.0 | 0.91 | 6.0 | 8.9 | 10.3 | 8.7 | 22.1 |
| TANFAC INDUSTRIES LTD. | 6,773 | 55.4 | 18.15 | — | 18.8 | 24.3 | — | 16.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Primo Chemicals 51st AGM notice and FY26 Annual Report dispatch | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Primo Chemicals files BRSR for FY25-26 with the exchanges | compliance | minimal | — | — |
| 8 Sept 2026 · Primo Chemicals publishes 51st AGM notice in newspapers | compliance | minimal | — | — |
| 8 Sept 2026 · Notice of 51st AGM and Annual Report for FY 2025-26 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Primo Chemicals: 51st AGM on 30 Sep 2026 - Register Email for Notice | compliance | minimal | — | — |
| 31 Aug 2026 · AGM on 30 Sep 2026; book closure from 24 Sep; record date 23 Sep | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Primo Chemicals 51st AGM on Sep 30, 2026; record date Sep 23, 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 14 Aug 2026 · Primo Chemicals Q1 FY27: Revenue up 41 percent, PAT up 144 percent YoY | results | high | — | — |
| 14 Aug 2026 · Q1 FY27 Results: PAT jumps 144% YoY to Rs 3.33 crore | results | high | — | — |
| 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 |
| GUJARAT ALKALIES & CHEM |
| 5,179 |
| 78.0 |
| 1.00 |
| 10.7 |
| (0.0) |
| 0.7 |
| 12.4 |
| 18.4 |
| GHCL LIMITED | 3,879 | 8.4 | 1.09 | 5.1 | 13.3 | 16.6 | 1.1 | 23.9 |
| GRAUER & WEIL IND LTD | 3,469 | 21.2 | 3.21 | 14.1 | 15.2 | 19.2 | 14.5 | 20.4 |
| J.G.CHEMICALS LIMITED | 2,330 | 31.0 | 4.31 | 23.7 | 12.7 | 16.9 | — | 11.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 36.3 | 17.0 | 45 of 57 | 21% |
| P/B | 1.4 | 1.4 | 30 of 59 | 50% |
| ROCE | 3.4 | 6.2 | 40 of 65 | 39% |
| ROE | 3.8 | 4.9 | 36 of 65 | 45% |
| Debt / Equity | 0.3 | 0.2 | 42 of 65 | 36% |
| EBITDA margin | 18.6 | 13.3 | 14 of 58 | 77% |
| Revenue growth | (1.2) | 6.7 | 39 of 54 | 28% |
| Profit growth | 14.9 | 21.0 | 34 of 64 | 48% |
| Market cap | 571 | 77 | 19 of 65 | 72% |
| 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 |
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.
