Patel Chem Specialities Ltd
Incorporated in 2008, Patel Chem Specialities Limited (PCSL) is engaged in the manufacturing and exporting of pharmaceutical excipients and specialty chemicals.[1]
- Market Cap ₹ 219 Cr.
- Current Price ₹ 88.0
- High / Low ₹ 121 / 56.1
- Stock P/E 17.4
- Book Value ₹ 40.0
- Dividend Yield 0.00 %
- ROCE 21.8 %
- ROE 18.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 56.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 42 | 60 | 69 | 82 | 105 | 137 | |
| 40 | 56 | 64 | 71 | 90 | 120 | |
| Operating Profit | 2 | 4 | 5 | 12 | 15 | 17 |
| OPM % | 6% | 7% | 8% | 14% | 15% | 12% |
| 0 | 0 | 0 | 0 | 0 | 2 | |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | 4 | 4 | 10 | 14 | 17 |
| Tax % | 20% | 35% | 30% | 26% | 25% | 26% |
| 1 | 2 | 3 | 8 | 11 | 13 | |
| EPS in Rs | 5.91 | 5.05 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 26% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 57% |
| 3 Years: | 63% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 28% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 18 | 25 |
| Reserves | 6 | 8 | 11 | 19 | 18 | 75 |
| 6 | 8 | 12 | 15 | 15 | 15 | |
| 5 | 7 | 13 | 12 | 15 | 28 | |
| Total Liabilities | 18 | 23 | 37 | 47 | 65 | 142 |
| 6 | 10 | 14 | 14 | 14 | 30 | |
| CWIP | 0 | 0 | 0 | 2 | 12 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 | 13 | 23 | 31 | 39 | 98 | |
| Total Assets | 18 | 23 | 37 | 47 | 65 | 142 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -24 | 2 | 2 | 6 | 2 | 11 | |
| -1,978 | -4 | -3 | -6 | -7 | -19 | |
| 332 | 0 | 1 | 0 | 5 | 44 | |
| Net Cash Flow | -1,670 | -1 | -0 | 0 | 0 | 36 |
| Free Cash Flow | -24 | -3 | -2 | 3 | -9 | -8 |
| CFO/OP | 13,954% | 56% | 58% | 62% | 32% | 90% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 56 | 58 | 79 | 68 | 73 | 79 |
| Inventory Days | 15 | 12 | 45 | 64 | 61 | 61 |
| Days Payable | 47 | 35 | 77 | 52 | 51 | 67 |
| Cash Conversion Cycle | 25 | 35 | 47 | 79 | 83 | 73 |
| Working Capital Days | -1 | 6 | 19 | 29 | 57 | 51 |
| ROCE % | 28% | 26% | 39% | 35% | 22% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Installed Capacity - Vatva (Ahmedabad) Unit Kgs |
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| Number of Primary Product Categories Absolute |
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| Total Capacity Utilization - Vatva Unit % |
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| Total Production Volume - Vatva Unit Kgs |
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| Capacity Utilization - Talod Unit (MCC) % |
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| Installed Capacity - Talod (Sabarkantha) Unit Kgs |
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| Total Production Volume - Talod Unit (MCC) Kgs |
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| Export - Number of Countries Absolute |
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| Proposed Indrad Plant Capacity MT/Month |
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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation And Variation For The Half Year Ended 31St March, 2026.
28 May - IPO proceeds of ₹5,880 lakh reviewed for H1 FY26; no deviation or variation reported.
-
Announcement under Regulation 30 (LODR)-Change in Management
22 May - Board re-appointed RTBR & Associates as Secretarial Auditor for FY 2026-27 effective May 22, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
22 May - Board re-appointed M/s Bimal Shah Associates as Internal Auditor for FY 2026-27, effective May 22, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
22 May - Board appointed M/s B R S & Associates as Cost Auditor for FY 2026-27 on May 22, 2026.
-
Audited Financial Result For Half-Year And Year Ended 31St March, 2026.
22 May - Board approved FY26 audited results; unmodified audit opinion; no IPO fund deviation.
Business Profile[1]
Patel Chem Specialities Limited is engaged in the manufacturing of cellulose-based excipients used primarily in the pharmaceuticals, food & beverages, cosmetics, and industrial sectors. These products act as binders, disintegrants, thickeners, stabilizers, and gelling agents across a variety of applications.