Paragon Fine and Speciality Chemical Ltd
Incorporated in 2004, Paragon Fine & Speciality Chemical Ltd is in the business of manufacturing chemicals[1]
- Market Cap ₹ 76.8 Cr.
- Current Price ₹ 39.2
- High / Low ₹ 92.5 / 36.5
- Stock P/E 12.4
- Book Value ₹ 46.7
- Dividend Yield 0.00 %
- ROCE 9.17 %
- ROE 6.85 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.84 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.39% over past five years.
- Debtor days have increased from 98.5 to 124 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Dyes And Pigments
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 81 | 83 | 83 | 104 | 121 | 116 | 105 | |
| 77 | 77 | 77 | 89 | 102 | 108 | 96 | |
| Operating Profit | 4 | 6 | 6 | 15 | 20 | 9 | 9 |
| OPM % | 5% | 8% | 7% | 14% | 16% | 7% | 9% |
| 2 | 1 | 2 | 1 | 1 | 1 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 6 | 6 | 14 | 19 | 8 | 8 |
| Tax % | 39% | 27% | 27% | 27% | 26% | 28% | |
| 2 | 4 | 4 | 10 | 14 | 6 | 6 | |
| EPS in Rs | 245.00 | 440.00 | 449.00 | 27.39 | 7.31 | 3.03 | 3.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 12% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 11% |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 19% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 4 | 20 | 20 | 20 |
| Reserves | 3 | 8 | 12 | 19 | 64 | 70 | 72 |
| 12 | 22 | 21 | 25 | 9 | 3 | 3 | |
| 22 | 20 | 24 | 24 | 13 | 11 | 10 | |
| Total Liabilities | 38 | 50 | 58 | 71 | 106 | 104 | 104 |
| 6 | 7 | 10 | 9 | 11 | 16 | 17 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 3 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 32 | 43 | 48 | 62 | 94 | 85 | 83 | |
| Total Assets | 38 | 50 | 58 | 71 | 106 | 104 | 104 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 12 | -10 | 5 | -2 | 0 | -6 | |
| -1 | -1 | -4 | -1 | -18 | -2 | |
| -9 | 9 | -2 | 3 | 29 | -5 | |
| Net Cash Flow | 2 | -1 | -1 | 1 | 12 | -13 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 96 | 130 | 95 | 95 | 77 | 124 |
| Inventory Days | 10 | 9 | 83 | 112 | 138 | 124 |
| Days Payable | 114 | 93 | 135 | 102 | 55 | 42 |
| Cash Conversion Cycle | -8 | 45 | 43 | 106 | 159 | 206 |
| Working Capital Days | 8 | 52 | 70 | 91 | 156 | 201 |
| ROCE % | 30% | 21% | 37% | 29% | 9% |
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 January 2026 - RTA certificate under Reg 74(5): all shares dematerialised; no rematerialisation requests for quarter ended 31 Dec 2025.
-
Outcome of Board Meeting
5 January 2026 - Appointment of Mr. Sarthak Patel as Company Secretary and Compliance Officer effective 05 Jan 2026.
-
Resignation
31 December 2025 - Company Secretary & Compliance Officer Shankumar Dhandhara resigns, effective Dec 31, 2025, citing pre-occupation/career advancement.
-
Investor Presentation
5 December 2025 - Paragon Fine and Speciality Chemical Limited has informed about Investor Presentation
-
Outcome of Board Meeting
14 November 2025 - Paragon Fine and Speciality Chemical Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Business Overview:[1][2][3]
a) PFSCL is an ISO 45001:2018, ISO 14001:2015, SA 8000:2014, and ISO 9001:2015 certified
b) It is a supplier of Chloranil and Dichlone
c) Chloranil is used in Pigment while the Dichlone is used in Agro Industry
d) Company is in the business of custom synthesis and manufacturing of chemical intermediates involving complex and differentiated chemistry including Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates and Dye Intermediates etc