Chemplast Sanmar Ltd

Chemplast Sanmar Ltd

₹ 207 -3.29%
03 Jun - close price
About

It is a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt. The manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.

Key Points

Business Segments
1) Suspension Polyvinyl Chloride (S-PVC) (55% in Q1 FY26 vs 61% in FY23): [1] [2] The company’s wholly-owned subsidiary, Chemplast Cuddalore Vinyls Ltd (CCVL), is the second-largest Suspension PVC manufacturer in India and a market leader in South India. [3] Suspension PVC is an adaptable polymer used across rigid and flexible applications. The rigid applications include pipes, profiles, and roofing sheets, while its flexible uses cover hoses, tubing, wires and cables, calendared sheets, and films. [4]
End-user industries are irrigation, urban infra, and real estate. [5]

  • Market Cap 3,284 Cr.
  • Current Price 207
  • High / Low 478 / 205
  • Stock P/E
  • Book Value 111
  • Dividend Yield 0.00 %
  • ROCE 0.34 %
  • ROE -6.80 %
  • Face Value 5.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.14% over past five years.
  • Company has a low return on equity of -7.50% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,147 996 988 888 1,051 1,145 993 1,058 1,151 1,100 1,033 835 1,256
1,049 1,031 942 895 1,030 1,021 967 1,026 1,114 1,083 990 892 1,061
Operating Profit 97 -35 46 -7 21 124 26 32 37 17 43 -57 194
OPM % 8% -3% 5% -1% 2% 11% 3% 3% 3% 2% 4% -7% 15%
31 18 37 13 13 12 11 11 14 9 7 5 -143
Interest 38 44 39 47 51 59 57 59 62 59 60 58 58
Depreciation 33 32 35 38 46 45 45 47 62 53 52 53 55
Profit before tax 56 -93 9 -78 -63 32 -65 -63 -73 -86 -62 -163 -61
Tax % 18% -31% -182% 14% -51% 26% -52% -22% -26% -26% -18% -27% -26%
46 -64 26 -89 -31 24 -31 -49 -54 -64 -51 -119 -45
EPS in Rs 2.91 -4.05 1.65 -5.65 -1.97 1.51 -1.98 -3.09 -3.43 -4.06 -3.23 -7.54 -2.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,254 1,258 3,799 5,892 4,941 3,923 4,346 4,224
969 1,011 3,171 4,695 4,473 3,902 4,127 4,026
Operating Profit 286 247 628 1,197 468 21 219 198
OPM % 23% 20% 17% 20% 9% 1% 5% 5%
12 8 484 57 -1 85 47 -122
Interest 48 95 433 322 154 181 236 235
Depreciation 56 87 131 137 142 151 199 213
Profit before tax 193 72 547 796 172 -226 -169 -372
Tax % 39% 36% 25% 18% 11% -30% -35% -25%
118 46 410 649 152 -158 -110 -280
EPS in Rs 14.81 6.88 30.59 41.03 9.64 -10.02 -6.98 -17.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: -5%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -23%
1 Year: -52%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: -8%
Last Year: -7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 67 67 67 79 79 79 79 79
Reserves 2,433 1,845 -417 1,626 1,779 1,622 1,989 1,676
253 1,289 2,127 882 1,019 1,548 1,842 1,952
1,049 906 2,709 3,015 2,959 2,782 2,593 2,609
Total Liabilities 3,802 4,108 4,487 5,602 5,837 6,030 6,503 6,315
2,108 2,174 3,148 3,259 3,186 3,907 4,499 4,386
CWIP 117 8 25 34 402 190 137 341
Investments 1,159 1,458 0 0 0 0 0 95
418 467 1,313 2,309 2,249 1,934 1,866 1,493
Total Assets 3,802 4,108 4,487 5,602 5,837 6,030 6,503 6,315

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
166 1,076 901 355 -245 172 294
-438 2,152 108 -217 -524 -407 -232
298 -3,017 -313 -27 382 66 -187
Net Cash Flow 26 211 696 111 -387 -170 -124
Free Cash Flow 116 1,022 849 -64 -833 -188 -22
CFO/OP 83% 181% 90% 96% -1,049% 67% 149%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 19 14 7 12 11 18 13 8
Inventory Days 183 158 70 70 73 77 87 82
Days Payable 200 187 285 189 212 235 221 224
Cash Conversion Cycle 2 -16 -208 -108 -128 -141 -121 -133
Working Capital Days -45 -5 -124 -76 -95 -134 -140 -172
ROCE % 6% 21% 50% 15% -2% 2% 0%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Caustic Soda Capacity
MTPA

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Specialty Chemicals Sales Volume
MT
Specialty Paste PVC Installed Capacity
MTPA
Suspension PVC Installed Capacity
MTPA
Suspension PVC Sales Volume
MT
Value-Added Chemicals Sales Volume
MT
Custom Manufactured Chemicals Capacity
MTPA
Paste PVC Market Share (Total Consumption)
%
Paste PVC Market Share (Production Capacity)
%
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99%
11.45% 11.59% 11.17% 10.83% 11.27% 13.42% 13.19% 13.27% 13.33% 13.15% 13.16% 12.48%
26.63% 26.94% 27.51% 28.15% 28.39% 25.75% 25.82% 25.81% 25.65% 25.62% 25.52% 25.62%
6.92% 6.48% 6.33% 6.02% 5.35% 5.85% 6.00% 5.93% 6.02% 6.23% 6.33% 6.91%
No. of Shareholders 92,61093,59490,18485,64974,80072,77270,99468,75166,57764,90864,05162,594

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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