Paragon Fine and Speciality Chemical Ltd
Incorporated in 2004, Paragon Fine & Speciality Chemical Ltd is in the business of manufacturing chemicals[1]
- Market Cap ₹ 104 Cr.
- Current Price ₹ 53.0
- High / Low ₹ 179 / 52.0
- Stock P/E 17.5
- Book Value ₹ 45.7
- Dividend Yield 0.00 %
- ROCE 9.16 %
- ROE 6.85 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.16 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 | |
|---|---|---|---|---|---|---|
| 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: | -62% |
| 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 | 18 | 11 | |
| Total Liabilities | 38 | 50 | 58 | 71 | 111 | 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 | 99 | 85 | |
| Total Assets | 38 | 50 | 58 | 71 | 111 | 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
-
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.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
12 July 2025 - Certificate confirming all shares in demat form; no rematerialisation requests for Q1 FY2025-26.
-
Disclosure under SEBI Takeover Regulations
3 June 2025 - Promoters declare no new encumbrances in FY ending March 31, 2025, per SEBI regulations.
-
Outcome of Board Meeting
30 May 2025 - Audited FY25 results declared; Rs. 5166L IPO raised, Rs. 4732L utilized, unmodified audit opinion.
-
Outcome of Board Meeting
30 May 2025 - Audited FY25 financial results with unmodified audit opinion; IPO proceeds mostly utilized as planned.
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