Paragon Fine and Speciality Chemical Ltd
Incorporated in 2004, Paragon Fine & Speciality Chemical Ltd is in the business of manufacturing chemicals[1]
- Market Cap ₹ 113 Cr.
- Current Price ₹ 58.0
- High / Low ₹ 175 / 52.0
- Stock P/E 19.2
- Book Value ₹ 45.7
- Dividend Yield 0.00 %
- ROCE 9.17 %
- ROE 6.85 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
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 | |
|---|---|---|---|---|---|---|
| 81 | 83 | 83 | 104 | 121 | 116 | |
| 77 | 77 | 77 | 89 | 102 | 108 | |
| Operating Profit | 4 | 6 | 6 | 15 | 20 | 9 |
| OPM % | 5% | 8% | 7% | 14% | 16% | 7% |
| 2 | 1 | 2 | 1 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 6 | 6 | 14 | 19 | 8 |
| Tax % | 39% | 27% | 27% | 27% | 26% | 28% |
| 2 | 4 | 4 | 10 | 14 | 6 | |
| EPS in Rs | 245.00 | 440.00 | 449.00 | 27.39 | 7.31 | 3.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 12% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 11% |
| TTM: | -59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -65% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 4 | 20 | 20 |
| Reserves | 3 | 8 | 12 | 19 | 64 | 70 |
| 12 | 22 | 21 | 25 | 9 | 3 | |
| 22 | 20 | 24 | 24 | 13 | 11 | |
| Total Liabilities | 38 | 50 | 58 | 71 | 106 | 104 |
| 6 | 7 | 10 | 9 | 11 | 16 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 32 | 43 | 48 | 62 | 94 | 85 | |
| Total Assets | 38 | 50 | 58 | 71 | 106 | 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
-
Copy of Newspaper Publication
6 September 2025 - 32nd AGM on 29 Sep 2025 11:00 IST; e-voting 26–28 Sep; book closure 23–29 Sep.
-
General Updates
5 September 2025 - AGM on 30 Sep 2025; book closure 24-30 Sep; e-voting cut-off 23 Sep; remote voting 27–29 Sep.
-
Shareholders meeting
4 September 2025 - AGM Sept 30, 2025: approvals for director remunerations (MD ₹10 lakh/month), ratification of excess pay ₹16.49L/₹13.40L, RPTs.
-
Outcome of Board Meeting
3 September 2025 - Board approved AGM notice, auditors appointments, RPTs, and directors' remuneration; subject to shareholder approval.
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 August 2025 - Scheduled virtual analyst and investor meetings on August 6, 2025, with no UPSI to be discussed.
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