Manufactures chlor-alkali and chlorinated chemicals at a single site, with the Chemicals segment generating almost all of the Rs 1,950.24 crore FY26 revenue. The product slate covers potassium hydroxide, liquid chlorine, methylene chloride, chloroform, carbon tetrachloride, and hydrochloric acid (from chloromethane by-products), with capacity for each raised effective April 2026. A small Oils & Fats line has run losses across recent quarters. The Power Plant has been classified as discontinuing operations. The company operates captive solar generation, capacity built up to 62.90 MWp through recent additions, partly offsetting its power and fuel bill. The cost stack is led by other operating expenses at 46.0% of revenue and raw materials at 31.9%, while capex ran at 16.9% of revenue in FY26, consistent with ongoing capacity expansions. Net profit for FY26 was Rs 131.89 crore, on an EBITDA margin of 18.78%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Chemicals, Oils & Fats, Power Plant. Asset-heavy, capex-intensive commodity chlor-alkali producer with captive power
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,525 | 2,326 | 1,546 | 1,749 | 1,950 |
| EBITDA (ex other income) | 317 | 537 | 173 | 225 | 350 |
| margin % | 20.8 | 23.1 | 11.2 | 12.9 | 17.9 |
| Owners' profit | 134 | 362 | 61 | 92 | 132 |
| EPS, as reported (₹) | 12.53 | 33.77 | 5.67 | 8.60 | 12.31 |
| ROE % · ROCE % | 18.0 · 22.5 | 34.6 · 36.1 | 5.5 · 7.9 | 7.8 · 10.4 | 10.2 · 12.6 |
| Debt / equity (x) | 0.57 | 0.22 | 0.29 | 0.28 | 0.25 |
| Cash from operations | 213 | 429 | 164 | 195 | 338 |
| Capex | (138) | (171) | (246) | (142) | (330) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 379 | 428 | 455 | 487 | 491 | 500 | 448 | 511 |
| Profit before tax | 19 | 45 | 32 | 30 | 52 | 50 | 38 | 38 |
| Net profit | 14 | 33 | 24 | 22 | 39 | 37 | 28 | 28 |
| EPS (₹) | 1.27 | 3.07 | 2.22 | 2.02 | 3.61 | 3.46 | 2.61 | 2.61 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Chemicals | 1,928 | 97.9 |
| Oils & Fats | 40 | 2.1 |
| Total, before eliminations | 1,969 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · TGV SRAAC submits BRSR for FY26, part of 44th Annual Report | compliance | minimal | — | — |
| 7 Sept 2026 · TGV SRAAC shares weblink to FY26 Annual Report for unregistered shareholders | compliance | minimal | — | — |
| 7 Sept 2026 · Monthly report on physical share re-lodgement transfers for August 2026 | compliance | minimal | — | — |
| 4 Sept 2026 · 44th AGM set for 26 September 2026 via video conferencing | compliance | minimal | — | — |
| 3 Sept 2026 · TGV SRAAC submits 44th Annual Report for FY2025-26; AGM on Sept 26, 2026 | board shareholder meetings | medium | — | — |
| 13 Aug 2026 · Newspaper notice on physical share transfer window and KYC update | compliance | minimal | — | — |
| 11 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results submitted to BSE | compliance | minimal | — | — |
| 10 Aug 2026 · TGV SRAAC 44th AGM on 26 Sep 2026 via VC; Record Date 18 Sep | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Board approves Q1 FY26-27 results, reappoints Executive Director, sets AGM date | results | high | — | — |
| 10 Aug 2026 · TGV SRAAC Q1 FY27 Results: Revenue up 11%, PAT up 17% YoY | 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 |
| (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 |
| 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) | 8.6 | 17.0 | 15 of 57 | 75% |
| P/B | 0.9 | 1.4 | 15 of 59 | 76% |
| ROCE | 11.1 | 6.2 | 20 of 65 | 70% |
| ROE | 10.2 | 4.9 | 18 of 65 | 73% |
| Debt / Equity | 0.3 | 0.2 | 37 of 65 | 44% |
| EBITDA margin | 17.0 | 13.3 | 19 of 58 | 68% |
| Revenue growth | 5.0 | 6.7 | 30 of 54 | 45% |
| Profit growth | 29.0 | 21.0 | 29 of 64 | 56% |
| Market cap | 1135 | 77 | 13 of 65 | 81% |
| 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.
