Paragon Fine and Speciality Chemical Ltd
Incorporated in 2004, Paragon Fine & Speciality Chemical Ltd is in the business of manufacturing chemicals[1]
- Market Cap ₹ 89.4 Cr.
- Current Price ₹ 45.7
- High / Low ₹ 67.8 / 34.1
- Stock P/E 9.88
- Book Value ₹ 50.3
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 9.64 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.91 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 5.72% over past five years.
- Company has a low return on equity of 12.6% over last 3 years.
- Debtor days have increased from 114 to 141 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
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 81 | 83 | 83 | 104 | 121 | 116 | 110 | |
| 77 | 77 | 77 | 89 | 102 | 108 | 97 | |
| Operating Profit | 4 | 6 | 6 | 15 | 20 | 9 | 13 |
| OPM % | 5% | 8% | 7% | 14% | 16% | 7% | 12% |
| 2 | 1 | 2 | 1 | 1 | 1 | 1 | |
| 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 | 12 |
| Tax % | 39% | 27% | 27% | 27% | 26% | 28% | 26% |
| 2 | 4 | 4 | 10 | 14 | 6 | 9 | |
| EPS in Rs | 245.00 | 440.00 | 449.00 | 27.39 | 7.31 | 3.03 | 4.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 2% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | -3% |
| TTM: | 53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 13% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 4 | 20 | 20 | 20 |
| Reserves | 3 | 8 | 12 | 19 | 64 | 70 | 79 |
| 12 | 22 | 21 | 25 | 9 | 3 | 1 | |
| 22 | 20 | 24 | 24 | 13 | 11 | 9 | |
| Total Liabilities | 38 | 50 | 58 | 71 | 106 | 104 | 108 |
| 6 | 7 | 10 | 9 | 11 | 16 | 19 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 3 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 32 | 43 | 48 | 62 | 94 | 85 | 86 | |
| Total Assets | 38 | 50 | 58 | 71 | 106 | 104 | 108 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 12 | -10 | 5 | -2 | 0 | -6 | 5 | |
| -1 | -1 | -4 | -1 | -18 | -2 | 0 | |
| -9 | 9 | -2 | 3 | 29 | -5 | -2 | |
| Net Cash Flow | 2 | -1 | -1 | 1 | 12 | -13 | 2 |
| Free Cash Flow | 11 | -11 | 2 | -3 | -3 | -14 | -0 |
| CFO/OP | 316% | -136% | 118% | -7% | 40% | -40% | 60% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 130 | 95 | 95 | 77 | 124 | 141 |
| Inventory Days | 10 | 9 | 83 | 112 | 138 | 124 | 138 |
| Days Payable | 114 | 93 | 135 | 102 | 55 | 42 | 31 |
| Cash Conversion Cycle | -8 | 45 | 43 | 106 | 159 | 206 | 248 |
| Working Capital Days | 8 | 52 | 70 | 91 | 156 | 201 | 230 |
| ROCE % | 30% | 21% | 37% | 29% | 9% | 13% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Customers Number |
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| Number of Products Number |
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| Export Sales Contribution % |
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| New Products Introduced Number |
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| Installed Production Capacity MTPA |
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| Revenue per Customer Rs Cr |
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| Number of Permanent Employees Number |
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| Significant New Order Values Rs Cr |
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Extracted by Screener AI
Documents
Announcements
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Investor Presentation
11 June 2026 - Paragon released H2 and FY26 investor presentation, highlighting revenue, margins, capacity expansion and product strategy.
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Statement of deviation(s) or variation(s) under Reg. 32
29 May 2026 - Board approved FY26 audited results and appointed Chetna Rahul Vyas as additional independent director.
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Appointment
27 May 2026 - Board approved audited FY26 results and appointed Chetna Rahul Vyas as additional independent director.
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Outcome of Board Meeting
27 May 2026 - Board approved audited FY26 standalone results on 27 May 2026 and appointed Chetna Rahul Vyas as independent director.
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General Updates
8 May 2026 - Company clarifies recent share price movement is market-driven; no undisclosed material information.
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