Primo Chemicals
Primo Chemicals
ChemicalsKey Fundamentals
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Key Insights
Strengths
2- Company has reduced debt.
- Debtor days have improved from 27.2 to 20.7 days.
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.4%
- Company has a low return on equity of -0.58% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 110 | 93.2 | 91.43 | 102 | 122 | 134 | 144 | 155 | 142 | 135 | 140 | 145 | 140 |
| Expenses | 103 | 97.55 | 88.64 | 101 | 107 | 124 | 125 | 131 | 122 | 119 | 127 | 126 | 119 |
| Operating Profit | 7.05 | -4.35 | 2.79 | 1.43 | 15.11 | 10.6 | 18.65 | 23.98 | 20.39 | 15.3 | 13.58 | 19.02 | 20.8 |
| OPM % | 6.42% | -4.67% | 3.05% | 1.4% | 12.39% | 7.89% | 12.96% | 15.43% | 14.37% | 11.36% | 9.69% | 13.13% | 14.83% |
| Other Income | 5.46 | 4.84 | 3.7 | 5.42 | 5.87 | 5.86 | 4.74 | 4.41 | 5.27 | 4.46 | 4.22 | 5.66 | 5.24 |
| Interest | 3.03 | 4.38 | 5.01 | 5.78 | 5.6 | 5.67 | 5.95 | 5.78 | 5.46 | 4.82 | 4.34 | 3.88 | 3.69 |
| Depreciation | 8.71 | 9.01 | 10.28 | 11.57 | 12.34 | 13.22 | 13.02 | 12.52 | 13.11 | 13.23 | 13.25 | 12.98 | 13.49 |
| PBT | 0.77 | -12.9 | -8.8 | -10.5 | 3.04 | -2.43 | 4.42 | 10.09 | 7.09 | 1.71 | 0.21 | 7.82 | 8.86 |
| Tax % | 584.42% | 5.19% | 74.32% | -164.57% | 485.2% | -645.68% | 56.56% | 111.1% | 56.84% | -61.4% | 261.9% | 34.91% | 58.92% |
| Net Profit | -4.29 | -12.94 | -15.19 | 7.09 | -11.25 | 12.93 | 2.29 | -0.41 | 4.08 | 4.16 | 1.05 | 6.07 | 4.68 |
| EPS in Rs | -0.18 | -0.53 | -0.63 | 0.29 | -0.46 | 0.53 | 0.09 | -0.02 | 0.17 | 0.17 | 0.04 | 0.25 | 0.19 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 223 | 449 | 701 | 392 | 549 | 562 | 560 |
| Expenses | 235 | 362 | 508 | 385 | 481 | 493 | 491 |
| Operating Profit | -12 | 87 | 192 | 7 | 68 | 68 | 69 |
| OPM % | -6% | 19% | 27% | 1.8% | 12% | 12% | 12% |
| Other Income | 55 | 15 | 26 | 19 | 21 | 20 | 20 |
| Interest | 5 | 9 | 8 | 18 | 23 | 18 | 17 |
| Depreciation | 17 | 17 | 24 | 40 | 51 | 53 | 53 |
| PBT | 20 | 76 | 186 | -31 | 15 | 17 | 19 |
| Tax % | 59% | 25% | 28% | -18% | 85% | 37% | — |
| Net Profit | 8 | 59 | 137 | -25 | 4 | 15 | 16 |
| EPS in Rs | 0.53 | 2.44 | 5.67 | -1.05 | 0.15 | 0.63 | 0.65 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 31 | 48 | 48 | 48 | 48 | 48 |
| Reserves | 66 | 228 | 364 | 339 | 342 | 358 |
| Borrowings | 1 | 61 | 145 | 178 | 169 | 131 |
| Other Liabilities | 148 | 141 | 174 | 149 | 181 | 155 |
| Total Liabilities | 246 | 478 | 731 | 714 | 741 | 692 |
| Fixed Assets | 156 | 155 | 278 | 468 | 497 | 469 |
| CWIP | 35 | 177 | 213 | 49 | 10 | 12 |
| Investments | 0 | 33 | 59 | 59 | 61 | 65 |
| Other Assets | 55 | 114 | 181 | 138 | 173 | 145 |
| Total Assets | 246 | 478 | 731 | 714 | 741 | 692 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 53 | 70 | 150 | 14 | 64 | 65 |
| Investing | -24 | -191 | -233 | -56 | -43 | -18 |
| Financing | -34 | 137 | 81 | 21 | -22 | -46 |
| Net Cash Flow | -5 | 16 | -3 | -21 | 0 | 1 |
| Free Cash Flow | 29 | -86 | -33 | -51 | 26 | 39 |
| CFO/OP | -421 | 97 | 95 | 397 | 94 | 97 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 27 | 26 | 27 | 33 | 28 | 21 |
| Inventory Days | 52 | 84 | 47 | 106 | 104 | 34 |
| Days Payable | 231 | 216 | 112 | 147 | 195 | 34 |
| Cash Conversion Cycle | -152 | -106 | -38 | -8 | -63 | 20 |
| Working Capital Days | -160 | -47 | -31 | -89 | -67 | -58 |
| ROCE % | — | 39% | 43% | -2% | 7% | 6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY11–FY26.
Documents
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Company Information
Incorporated in 1975, Primo Chemicals Ltd (formerly Punjab Alkalies & Chemicals Ltd) is in the business of manufacturing & selling of chemicals[1]
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