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Primo Chemicals Overview

Punjab Alkalies & Chemicals Ltd is in chemical compounds business. The Company's merchandise include Caustic Soda Lye, Liquid Chlorine, Hydrochloric Acid, Sodium Hypochlorite and Hydrogen Gas. The Company's caustic soda merchandise are used in paper and paper pulp, soap and detergents, textile and dye stuff enterprise, aluminium industry, linear alkyl benzene (LAB), and viscose and rayon. Its chlorine products are used in water treatment plants, paper manufacturing and solid bleaching powder. Its hydrochloric acid merchandise are used in water ...Read More

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Primo Chemicals Key Financials

Market Cap ₹586 Cr.

Stock P/E 249.3

P/B 1.6

Current Price ₹24.2

Book Value ₹ 14.9

Face Value 2

52W High ₹31.4

Dividend Yield 0%

52W Low ₹ 16.2

Primo Chemicals Share Price

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Volume
Price

Primo Chemicals Quarterly Price

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Primo Chemicals Peer Comparison

Primo Chemicals 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 93 91 102 122 134 144 155 142 135 140
Other Income 5 4 5 6 6 5 4 5 4 4
Total Income 98 95 108 128 140 149 160 147 139 145
Total Expenditure 98 89 101 107 124 125 131 122 119 127
Operating Profit 0 6 7 21 16 23 28 26 20 18
Interest 4 5 6 6 6 6 6 5 5 4
Depreciation 9 10 12 12 13 13 13 13 13 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -0
Profit Before Tax -13 -9 -10 3 -2 4 10 7 2 0
Provision for Tax 1 7 -17 15 -16 2 11 4 -1 1
Profit After Tax -14 -15 7 -12 13 2 -1 3 3 -0
Adjustments 1 0 0 0 -0 0 1 1 1 1
Profit After Adjustments -13 -15 7 -11 13 2 -0 4 4 1
Adjusted Earnings Per Share -0.5 -0.6 0.3 -0.5 0.5 0.1 -0 0.2 0.2 0

Primo Chemicals Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 226 454 707 397 556 572
Other Income 55 15 26 19 21 17
Total Income 281 469 734 416 576 591
Total Expenditure 239 367 515 390 487 499
Operating Profit 43 102 219 26 89 92
Interest 5 9 8 18 23 20
Depreciation 17 17 24 40 51 52
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 20 76 186 -31 15 19
Provision for Tax 12 19 53 -6 13 15
Profit After Tax 8 57 134 -26 2 5
Adjustments 0 2 3 1 1 4
Profit After Adjustments 8 59 137 -25 4 9
Adjusted Earnings Per Share 0.5 2.4 5.7 -1 0.1 0.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 7% 0% 0%
Operating Profit CAGR 242% -4% 0% 0%
PAT CAGR 0% -67% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% -32% 7% 25%
ROE Average 1% 13% 23% 23%
ROCE Average 7% 18% 25% 25%

Primo Chemicals Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 97 276 412 387 391
Minority's Interest 0 0 0 0 0
Borrowings 0 53 123 106 80
Other Non-Current Liabilities 19 18 27 22 32
Total Current Liabilities 130 141 197 199 240
Total Liabilities 246 488 760 714 743
Fixed Assets 156 155 278 468 497
Other Non-Current Assets 47 221 304 136 96
Total Current Assets 40 109 169 104 147
Total Assets 246 488 760 714 743

Primo Chemicals Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 12 8 24 21 0
Cash Flow from Operating Activities 53 70 150 14 64
Cash Flow from Investing Activities -24 -191 -233 -56 -43
Cash Flow from Financing Activities -34 137 81 21 -22
Net Cash Inflow / Outflow -5 16 -3 -21 -0
Closing Cash & Cash Equivalent 8 24 21 0 0

Primo Chemicals Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.53 2.44 5.67 -1.05 0.15
CEPS(Rs) 1.65 3.06 6.52 0.57 2.21
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 3.76 9.8 15.22 14.3 14.6
Core EBITDA Margin(%) -5.46 19.09 27.19 1.74 12.3
EBIT Margin(%) 11.23 18.58 27.51 -3.33 6.86
Pre Tax Margin(%) 8.87 16.64 26.36 -7.92 2.72
PAT Margin (%) 3.64 12.49 18.94 -6.51 0.42
Cash Profit Margin (%) 11.29 16.34 22.33 3.45 9.62
ROA(%) 3.81 15.46 21.47 -3.51 0.32
ROE(%) 36.96 38.35 44.2 -7.23 0.67
ROCE(%) 23.56 47.22 47.96 -2.55 7.3
Receivable days 28.11 19.61 21.72 39.83 25.55
Inventory Days 10.66 9.37 9.05 18.52 18.45
Payable days 156.96 176.19 112.81 176.42 144.61
PER(x) 33.67 35.28 14.27 0 144.25
Price/Book(x) 4.75 8.8 5.32 2.38 1.45
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 1.19 4.68 2.93 2.52 1.21
EV/Core EBITDA(x) 6.32 20.87 9.49 38 7.55
Net Sales Growth(%) 26.57 100.61 55.79 -43.88 39.95
EBIT Growth(%) 1717.85 231.93 130.66 -106.79 388.39
PAT Growth(%) 129.95 588.64 136.21 -119.3 109.1
EPS Growth(%) 119.73 360.83 132.04 -118.43 114.06
Debt/Equity(x) 0.01 0.26 0.39 0.51 0.48
Current Ratio(x) 0.31 0.77 0.86 0.52 0.61
Quick Ratio(x) 0.26 0.65 0.77 0.41 0.47
Interest Cover(x) 4.76 9.56 24.11 -0.73 1.66
Total Debt/Mcap(x) 0 0.03 0.07 0.21 0.33

Primo Chemicals Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 31.35 31.35 31.35 31.35 31.35 31.35 31.35 31.35 32.4 32.4
FII 1.77 0.72 0.22 0.11 0.12 0.11 0.1 0.07 0.07 0.07
DII 1.93 1.93 1.93 1.93 1.93 1.93 1.93 1.93 1.93 1.93
Public 64.95 65.99 66.49 66.61 66.6 66.61 66.62 66.65 65.61 65.6
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Primo Chemicals News

Primo Chemicals Pros & Cons

Pros

  • Debtor days have improved from 176.42 to 144.61days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.4%.
  • Company has a low return on equity of 13% over the last 3 years.
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