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PCBL Chemical Overview

PCBL Ltd produces, sells, and exports carbon black in India and across the world. The agency operates via Carbon Black and Power segments. It offers diverse carbon black grades for the rubber enterprise under the Orient Black brand name. The organisation also manufactures speciality blacks for non-rubber applications, which includes food contact plastics, fibers, wire and cables, films, engineering plastics, adhesives and sealants, pressure pipes, drip irrigation pipe structures, printing inks, paints/coatings, batteries, and fertilizers beneat...Read More

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PCBL Chemical Key Financials

Market Cap ₹11230 Cr.

Stock P/E 25.8

P/B 2.6

Current Price ₹285.4

Book Value ₹ 109.5

Face Value 1

52W High ₹443

Dividend Yield 1.93%

52W Low ₹ 226.3

PCBL Chemical Share Price

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Volume
Price

PCBL Chemical Quarterly Price

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PCBL Chemical Peer Comparison

PCBL Chemical Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1487 1657 1929 2144 2163 2010 2087 2114 2164 1846
Other Income 3 7 23 11 6 11 20 6 12 16
Total Income 1489 1664 1952 2154 2169 2021 2107 2120 2176 1862
Total Expenditure 1249 1378 1619 1785 1800 1693 1790 1795 1897 1631
Operating Profit 241 286 333 369 369 328 317 325 278 231
Interest 21 32 108 121 119 118 103 112 107 106
Depreciation 48 53 75 84 86 87 88 92 93 94
Exceptional Income / Expenses 0 0 0 0 0 -1 0 0 0 -21
Profit Before Tax 172 201 149 164 164 124 126 120 78 10
Provision for Tax 49 53 38 46 40 30 26 26 17 8
Profit After Tax 123 148 111 118 123 93 100 94 62 2
Adjustments -0 -0 0 0 -0 -0 -0 -0 -0 0
Profit After Adjustments 123 148 111 118 123 93 100 94 62 2
Adjusted Earnings Per Share 3.2 3.9 2.9 3.1 3.3 2.5 2.7 2.5 1.6 0.1

PCBL Chemical Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2470 1894 1927 2558 3529 3244 2660 4446 5774 6420 8404 8211
Other Income 14 38 38 35 22 34 30 60 57 86 101 54
Total Income 2484 1932 1965 2593 3551 3277 2689 4507 5831 6505 8505 8265
Total Expenditure 2319 1750 1688 2188 2914 2784 2153 3825 5059 5431 7121 7113
Operating Profit 165 182 277 406 636 493 536 682 772 1074 1384 1151
Interest 95 72 51 41 37 46 34 29 53 181 461 428
Depreciation 58 62 61 61 66 92 110 121 137 217 346 367
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -1 -21
Profit Before Tax 12 47 165 304 533 355 392 532 582 676 577 334
Provision for Tax 2 31 96 74 150 67 78 105 139 185 142 77
Profit After Tax 10 16 69 230 383 288 314 426 442 491 435 258
Adjustments 0 0 1 -1 1 -1 -0 -0 -0 -0 -0 0
Profit After Adjustments 11 16 69 229 384 287 314 426 442 491 435 258
Adjusted Earnings Per Share 0.3 0.5 2 6.6 11.1 8.3 9.1 11.3 11.7 13 11.5 6.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 31% 24% 21% 13%
Operating Profit CAGR 29% 27% 23% 24%
PAT CAGR -11% 1% 9% 46%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -34% 34% 23% 38%
ROE Average 13% 15% 16% 14%
ROCE Average 12% 15% 16% 15%

PCBL Chemical Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 507 1045 1131 1378 1650 1699 1935 2614 2830 3247 3697
Minority's Interest 7 7 6 7 6 7 8 8 9 4 12
Borrowings 327 204 190 164 274 215 305 220 407 3777 3647
Other Non-Current Liabilities 32 152 205 228 258 779 380 368 975 1883 1481
Total Current Liabilities 1255 1312 1212 1327 1560 1028 1098 2168 2446 4073 4919
Total Liabilities 2129 2720 2744 3103 3747 3728 3726 5379 6668 12984 13756
Fixed Assets 851 1416 1383 1395 1496 1635 1738 1930 1963 6888 6590
Other Non-Current Assets 242 258 332 449 477 949 519 584 2098 1795 2419
Total Current Assets 1035 1046 1028 1260 1775 1144 1469 2865 2606 4301 4747
Total Assets 2129 2720 2744 3103 3747 3728 3726 5379 6668 12984 13756

PCBL Chemical Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 11 11 50 23 172 114 149 152 119 40 312
Cash Flow from Operating Activities 35 422 346 293 290 532 385 290 504 1105 760
Cash Flow from Investing Activities -68 -121 -36 -34 -278 -107 -203 -541 -552 -4214 -690
Cash Flow from Financing Activities 34 -262 -337 -110 -70 -389 -180 217 -31 3381 -64
Net Cash Inflow / Outflow 1 39 -27 148 -58 36 3 -34 -78 272 6
Closing Cash & Cash Equivalent 11 50 23 172 114 149 152 119 40 312 319

PCBL Chemical Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.31 0.47 2.01 6.64 11.13 8.31 9.1 11.29 11.7 13.01 11.51
CEPS(Rs) 1.99 2.27 3.75 8.42 13.03 11.02 12.3 14.5 15.34 18.76 20.67
DPS(Rs) 0.1 0.25 0.6 1.2 1.75 3.5 3.5 5 5.5 5.5 5.5
Book NAV/Share(Rs) 14.71 30.31 32.81 39.97 47.87 49.29 56.15 69.24 74.97 86.01 94.98
Core EBITDA Margin(%) 5.57 6.8 11.22 14.18 17.4 14.16 19.04 13.97 12.38 15.4 15.27
EBIT Margin(%) 3.94 5.65 10.14 13.21 16.15 12.35 16.01 12.61 11 13.35 12.35
Pre Tax Margin(%) 0.45 2.24 7.73 11.63 15.1 10.94 14.74 11.96 10.07 10.54 6.87
PAT Margin (%) 0.38 0.75 3.22 8.79 10.84 8.86 11.81 9.59 7.66 7.65 5.17
Cash Profit Margin (%) 2.53 3.69 6.07 11.11 12.73 11.71 15.95 12.31 10.03 11.03 9.29
ROA(%) 0.47 0.66 2.51 7.85 11.17 7.69 8.42 9.37 7.34 5 3.25
ROE(%) 2.06 2.05 6.31 18.31 25.28 17.17 17.28 18.74 16.24 16.16 12.72
ROCE(%) 6.45 6.3 10.93 17.32 25.11 16.84 17.53 19.2 17.96 14.48 12.11
Receivable days 69.9 82.78 77.39 69.02 60.75 69.82 88.98 74.44 70.03 80.19 76.09
Inventory Days 48.84 46.68 41.77 38.68 39.84 44.25 52.91 43.05 37.15 44.65 49.24
Payable days 55.83 56.8 101.46 89.38 72.33 77.27 114.61 87.51 78.31 112.97 107.63
PER(x) 42.4 20.15 16.42 16.38 7.93 3.78 10.5 10.13 9.92 20.61 36.77
Price/Book(x) 0.89 0.31 1.01 2.72 1.85 0.64 1.7 1.65 1.55 3.12 4.46
Dividend Yield(%) 0.76 2.62 1.82 1.1 1.98 11.14 3.66 4.37 4.74 2.05 1.3
EV/Net Sales(x) 0.67 0.69 0.97 1.68 1.05 0.48 1.37 1.09 0.91 2.27 2.5
EV/Core EBITDA(x) 10.04 7.15 6.76 10.58 5.85 3.14 6.78 7.1 6.77 13.55 15.15
Net Sales Growth(%) 8.46 -23.32 1.73 32.75 37.95 -8.08 -18.01 67.19 29.86 11.18 30.91
EBIT Growth(%) 1470.87 11.82 80.86 59.65 65.1 -29.67 6.29 31.64 13.28 34.96 21.1
PAT Growth(%) 111.94 53.49 331.58 234.26 66.67 -24.87 9.21 35.78 3.72 11.06 -11.49
EPS Growth(%) 112.31 53.2 324.36 230.29 67.67 -25.32 9.45 24.03 3.7 11.12 -11.48
Debt/Equity(x) 2.41 0.98 0.67 0.52 0.48 0.36 0.31 0.26 0.33 1.48 1.5
Current Ratio(x) 0.82 0.8 0.85 0.95 1.14 1.11 1.34 1.32 1.07 1.06 0.97
Quick Ratio(x) 0.61 0.63 0.65 0.72 0.84 0.8 0.93 1.04 0.83 0.81 0.71
Interest Cover(x) 1.13 1.66 4.2 8.33 15.49 8.73 12.57 19.27 11.89 4.74 2.25
Total Debt/Mcap(x) 2.7 3.11 0.67 0.19 0.26 0.57 0.18 0.16 0.22 0.48 0.34

PCBL Chemical Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 51.41 51.41 51.41 51.41 51.41 51.41 51.41 51.41 51.41 53.38
FII 7.07 7.12 6.68 5.29 5 5.23 5.59 5.52 6.07 5.68
DII 9.01 7.48 6.85 7.64 8.03 7.93 10.17 11.12 12.01 11.38
Public 32.51 33.99 35.07 35.66 35.57 35.43 32.84 31.95 30.51 29.56
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

PCBL Chemical News

PCBL Chemical Pros & Cons

Pros

  • Debtor days have improved from 112.97 to 107.63days.
  • Company has reduced debt.

Cons

  • The company has delivered a poor profit growth of 8% over past five years.
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