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PCBL Chemical Limited PCBL NIFTY_SMALLNSEINFRA

Basic Materials · Specialty Chemicals · India
https://www.pcblltd.com

PCBL Chemical Limited, together with subsidiaries, produces, sells, and exports carbon black in India and internationally. The company operates through Carbon Black, Power, Chemicals, and Battery Chemical segments. It offers carbon black for tires, performance chemicals, specialty chemicals, and other materials under the CarboNext, ECOZEN 6000, Royale Black, Bluemina, NuTone, and Energia brands. The company also provides phosphonates under the AQUACID brand and polymers and green chelates for household, industrial, and institutional cleaning, as well as for industrial water treatment. In addition, it engages in the manufacture, market, and sale of water treatment chemicals and oil and gas chemicals, including phosphonates, low molecular weight polymers, tetrasodium glutamate diacetate, methylglycinediacetic acid, imidazoline, triazine, quaternary ammonium chlorides, biocides, and other downstream chemicals. Further, the company generates and distributes electricity from the tail gas recovered from carbon black production. Additionally, it develops nano-silicon additives used in the anode of lithium-ion batteries. The company was formerly known as PCBL Limited and changed its name to PCBL Chemical Limited in October 2024. PCBL Chemical Limited was incorporated in 1960 and is based in Kolkata, India.

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₹289.85
-27.28% 1Y

Market & Price

Market Cap
₹11,404.51 Cr
Current Price
₹289.85
High / Low (52W)
₹427.31 / ₹232.15
Beta
0.53

Valuation

Stock P/E
56.50
Industry PE
23.81
Forward P/E
17.00
PEG Ratio
-
Book Value
₹101.53
Price to Book
2.85
P/S
1.39
EV/EBITDA
15.49
Dividend Yield
2.07%

Profitability & Returns

ROCE
8.87%
ROE
5.12%
ROA
3.64%
Profit Margin
2.42%
Op Margin
7.22%
EPS (Latest Qtr)
₹1.02
EPS (TTM)
₹5.13

Balance Sheet & Liquidity

Debt/Equity
1.24
Quick Ratio
0.47
Current Ratio
0.83
Debt
₹4,989.06 Cr
Total Assets
₹11,294.54 Cr
Current Assets
₹2,967.80 Cr
Working Capital
₹-619.25 Cr

Ownership

Promoter Holding
6.98%
Chg in Prom Hold
-
FII / Inst Holding
62.56%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹16,151.61 Cr
Total Revenue (TTM)
₹8,189.30 Cr
EBITDA
₹1,042.97 Cr
Free Cash Flow
₹255.71 Cr
Operating Cash Flow
₹1,576.04 Cr
Shares Outstanding
₹39.35 Cr
Gross Margin
30.17%
Payout Ratio
116.96%

Growth (CAGR)

Revenue 5Y
12.50%
Profit 5Y
-23.49%
Revenue (YoY)
-1.00%
Earnings (YoY)
-61.30%

PROS

  • Compounding revenue at 12.5% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading at a high P/E of 56.5.
  • Earnings shrank at -23.5% CAGR over 5 years.
  • Trading 32.2% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 PCBL PCBL Chemical Limited NIFTY_SMALLNSEINFRA 289.85 56.50 ₹11,404.51 Cr 2.07% 8.87% 5.12% 12.50% -23.49%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,482.00 41.32 ₹3.38 L Cr 0.67% 11.90% 10.59% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,278.00 14.01 ₹3.12 L Cr 0.56% 19.15% 27.26% 3.61% 75.28%
4 HINDZINC Hindustan Zinc Limited NSEINFRA 632.95 19.34 ₹2.67 L Cr 3.32% 62.35% 76.94% 5.61% 9.58%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 208.02 28.34 ₹2.59 L Cr 1.92% 11.32% 11.16% -1.59% 7.21%
6 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 1,126.70 18.73 ₹2.52 L Cr 0.44% 9.50% 10.29% 7.40% 9.87%
7 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,122.40 42.74 ₹2.12 L Cr 0.32% 4.00% 6.29% 14.63% -10.06%
8 SOLARINDS Solar Industries India Limited NSEINFRA 18,247.00 98.04 ₹1.65 L Cr 0.06% 29.51% 31.33% 13.27% 30.36%
9 PIDILITIND Pidilite Industries Limited NSEINFRA 1,482.80 61.73 ₹1.51 L Cr 0.67% 28.48% 23.52% 7.50% 24.36%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 2,163.20 Cr2,010.00 Cr2,087.49 Cr2,114.05 Cr1,845.62 Cr2,066.06 Cr
Cost of Revenue 1,498.63 Cr1,385.26 Cr1,476.60 Cr1,454.53 Cr1,284.45 Cr1,450.59 Cr
Gross Profit 664.57 Cr624.74 Cr610.89 Cr659.52 Cr561.17 Cr615.47 Cr
Operating Expenses 387.47 Cr394.06 Cr401.37 Cr432.82 Cr440.15 Cr466.36 Cr
Operating Income 277.10 Cr230.68 Cr209.52 Cr226.70 Cr121.02 Cr149.11 Cr
EBITDA 369.16 Cr327.91 Cr317.43 Cr324.85 Cr209.88 Cr243.58 Cr
Interest Expense 118.92 Cr117.72 Cr103.16 Cr112.35 Cr106.29 Cr97.19 Cr
Pretax Income 163.83 Cr123.53 Cr126.13 Cr120.15 Cr9.96 Cr52.39 Cr
Tax Provision 40.38 Cr30.42 Cr25.94 Cr26.05 Cr7.94 Cr12.17 Cr
Net Income 123.37 Cr93.05 Cr100.16 Cr94.05 Cr2.03 Cr40.25 Cr
Diluted EPS 3.262.462.642.480.051.02

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -5,751.84 Cr6,387.10 Cr8,404.25 Cr8,189.30 Cr
Cost of Revenue -4,480.31 Cr4,627.40 Cr5,809.54 Cr5,718.87 Cr
Gross Profit -1,271.53 Cr1,759.70 Cr2,594.71 Cr2,470.43 Cr
Operating Expenses -686.40 Cr984.44 Cr1,603.61 Cr1,800.22 Cr
Operating Income -585.13 Cr775.26 Cr991.10 Cr670.21 Cr
EBITDA -771.70 Cr1,070.95 Cr1,383.65 Cr1,056.52 Cr
Interest Expense -53.28 Cr177.36 Cr460.91 Cr422.98 Cr
Pretax Income -581.68 Cr676.33 Cr577.06 Cr260.78 Cr
Tax Provision -139.49 Cr185.22 Cr142.39 Cr62.74 Cr
Net Income -441.80 Cr490.94 Cr434.60 Cr197.87 Cr
Diluted EPS -11.7013.0011.485.13

Compounded Sales Growth

5 Years:12.50%
1 Year:-1.00%

Compounded Profit Growth

5 Years:-23.49%
1 Year:-61.30%

Stock Price Performance

1 Year:-27.28%
6 Months:-11.14%
3 Months:-6.65%
1 Month:-0.25%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -5,432.81 Cr11,295.41 Cr11,721.89 Cr11,294.54 Cr
Current Assets -2,012.35 Cr3,438.75 Cr3,724.50 Cr2,967.80 Cr
Cash & Equivalents -40.22 Cr312.29 Cr318.53 Cr229.52 Cr
Inventory -571.39 Cr999.31 Cr1,268.15 Cr1,023.70 Cr
Receivables -1,110.65 Cr1,710.24 Cr1,793.74 Cr1,395.35 Cr
Total Liabilities -2,593.51 Cr8,044.99 Cr8,012.73 Cr7,275.39 Cr
Current Liabilities -1,851.83 Cr3,210.77 Cr3,896.67 Cr3,587.05 Cr
Long Term Debt -407.31 Cr3,776.64 Cr3,646.85 Cr3,197.24 Cr
Total Debt -1,029.44 Cr4,983.10 Cr5,571.33 Cr4,989.06 Cr
Total Equity -2,830.17 Cr3,246.69 Cr3,697.44 Cr4,006.30 Cr
Shares Outstanding -37.75 Cr37.75 Cr37.75 Cr39.35 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -504.09 Cr1,105.40 Cr760.49 Cr1,576.04 Cr
Investing Cash Flow --551.94 Cr-4,214.09 Cr-690.32 Cr-675.18 Cr
Financing Cash Flow --30.57 Cr3,380.76 Cr-63.93 Cr-989.87 Cr
Capital Expenditure --895.90 Cr-535.75 Cr-773.82 Cr-726.52 Cr
Free Cash Flow --391.81 Cr569.65 Cr-13.33 Cr849.52 Cr
Net Change in Cash --78.42 Cr272.07 Cr6.24 Cr-89.01 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -22.1%27.6%30.9%30.2%
Operating Margin % -10.2%12.1%11.8%8.2%
Net Margin % -7.7%7.7%5.2%2.4%
ROE % -15.6%15.1%11.8%4.9%
ROCE % -16.3%9.6%12.7%8.7%

Shareholding Pattern

Insiders
6.98%
Institutions
62.56%
Public Float
67.26%

Analyst View

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