Archean Chemical Industries Ltd
Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.[1]
- Market Cap ₹ 7,025 Cr.
- Current Price ₹ 569
- High / Low ₹ 728 / 408
- Stock P/E 38.4
- Book Value ₹ 157
- Dividend Yield 0.53 %
- ROCE 16.0 %
- ROE 12.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.4%
Cons
- The company has delivered a poor sales growth of 10.8% over past five years.
- Debtor days have increased from 44.8 to 61.9 days.
- Working capital days have increased from 62.6 days to 92.2 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 439 | 566 | 608 | 741 | 1,130 | 1,441 | 1,330 | 1,014 | 1,071 | |
| 356 | 497 | 460 | 478 | 663 | 807 | 865 | 691 | 775 | |
| Operating Profit | 83 | 69 | 148 | 262 | 467 | 634 | 464 | 323 | 296 |
| OPM % | 19% | 12% | 24% | 35% | 41% | 44% | 35% | 32% | 28% |
| 6 | 121 | 8 | 14 | 13 | 44 | 47 | 9 | 46 | |
| Interest | 102 | 114 | 122 | 130 | 162 | 97 | 10 | 9 | 16 |
| Depreciation | 73 | 47 | 52 | 55 | 67 | 69 | 70 | 73 | 79 |
| Profit before tax | -85 | 29 | -17 | 90 | 251 | 513 | 431 | 250 | 248 |
| Tax % | -7% | -41% | 105% | 26% | 25% | 25% | 25% | 26% | |
| -79 | 41 | -36 | 67 | 189 | 384 | 322 | 185 | 183 | |
| EPS in Rs | -79.16 | 21.31 | -18.50 | 34.56 | 19.58 | 31.18 | 26.12 | 14.98 | 14.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 8% | 11% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -4% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 5% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -4% |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 21% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 19 | 19 | 19 | 19 | 25 | 25 | 25 | 25 |
| Reserves | -38 | 24 | -12 | 55 | 243 | 1,408 | 1,682 | 1,855 | 1,909 |
| 968 | 754 | 854 | 904 | 897 | 69 | 39 | 108 | 129 | |
| 316 | 439 | 568 | 457 | 372 | 254 | 246 | 261 | 248 | |
| Total Liabilities | 1,256 | 1,237 | 1,430 | 1,434 | 1,532 | 1,756 | 1,991 | 2,249 | 2,311 |
| 940 | 914 | 882 | 1,042 | 1,086 | 1,097 | 1,086 | 1,071 | 1,107 | |
| CWIP | 0 | 9 | 193 | 19 | 17 | 33 | 21 | 28 | 11 |
| Investments | 0 | 0 | 47 | 41 | 16 | 215 | 347 | 350 | 388 |
| 316 | 314 | 308 | 332 | 412 | 410 | 537 | 800 | 804 | |
| Total Assets | 1,256 | 1,237 | 1,430 | 1,434 | 1,532 | 1,756 | 1,991 | 2,249 | 2,311 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 39 | 312 | 148 | 119 | 327 | 498 | 389 | 169 | |
| 0 | -25 | -197 | -2 | -128 | -288 | -260 | -196 | |
| -87 | -252 | 26 | -110 | -224 | -212 | -91 | 19 | |
| Net Cash Flow | -48 | 35 | -23 | 7 | -24 | -2 | 39 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22 | 43 | 27 | 34 | 49 | 30 | 43 | 62 |
| Inventory Days | 830 | 238 | 532 | |||||
| Days Payable | 1,035 | 398 | 415 | |||||
| Cash Conversion Cycle | -183 | -116 | 27 | 34 | 49 | 30 | 160 | 62 |
| Working Capital Days | -70 | 0 | -38 | 22 | 50 | 41 | 54 | 92 |
| ROCE % | 3% | 13% | 24% | 39% | 46% | 26% | 16% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Feb
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 11 Feb
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Memorandum Of Understanding With The Government Of Gujarat
10 Feb - Signed Jan 30, 2026 MOU with Gujarat for 7 MMTPA captive salt jetty development.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
10 Feb - Elevate P. Ranjit to Executive Vice Chairman; appoint Rampraveen Swaminathan MD Jan22,2026–Jan21,2031; e-vote Feb11–Mar12.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Audio recording of earnings call for quarter and nine months ended Dec 31, 2025 held Feb 6, 2026 posted.
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPTREC
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Aug 2024TranscriptAI SummaryPPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023TranscriptPPT
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT REC
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Feb 2023TranscriptPPT
Business Area[1] Archean is a leading specialty marine chemical manufacturer in India focused on producing and exporting bromine, industrial salt, and sulphate of potash across the world. Archean is the largest exporter of bromine and industrial salt in India and has amongst the lowest cost of production globally in both bromine and industrial salt.