Privi Speciality Chemicals Ltd
Incorporated in 1985, Privi Speciality Chemicals Ltd (Formerly known as Privi Speciality Ltd.) is primarily engaged in the manufacturing, supply and exports of aroma and fragrance chemicals used in soaps, detergents, shampoos, and other fine fragrances. [1]
- Market Cap ₹ 11,442 Cr.
- Current Price ₹ 2,929
- High / Low ₹ 3,440 / 1,793
- Stock P/E 38.0
- Book Value ₹ 317
- Dividend Yield 0.17 %
- ROCE 16.4 %
- ROE 18.4 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 9.36 times its book value
- The company has delivered a poor sales growth of 5.20% over past five years.
- Company has a low return on equity of 11.1% over last 3 years.
- Promoter holding has decreased over last 3 years: -13.4%
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 597 | 1,024 | 1,341 | 1,631 | 1,277 | 1,404 | 1,608 | 1,752 | 2,101 | 2,456 | |
| 525 | 894 | 1,128 | 1,362 | 1,067 | 1,209 | 1,420 | 1,423 | 1,643 | 1,858 | |
| Operating Profit | 72 | 130 | 213 | 268 | 210 | 195 | 188 | 329 | 458 | 598 |
| OPM % | 12% | 13% | 16% | 16% | 16% | 14% | 12% | 19% | 22% | 24% |
| 10 | 16 | 14 | 66 | 43 | 38 | 21 | 26 | 20 | 30 | |
| Interest | 20 | 24 | 29 | 41 | 24 | 25 | 70 | 102 | 92 | 86 |
| Depreciation | 27 | 43 | 47 | 63 | 71 | 75 | 108 | 123 | 132 | 142 |
| Profit before tax | 36 | 79 | 152 | 231 | 158 | 133 | 31 | 130 | 255 | 400 |
| Tax % | 24% | 32% | 38% | 24% | 26% | 27% | 31% | 27% | 27% | |
| 27 | 53 | 94 | 176 | 117 | 97 | 21 | 95 | 185 | 287 | |
| EPS in Rs | 7.21 | 14.19 | 24.10 | 45.10 | 29.90 | 24.91 | 5.68 | 24.27 | 47.83 | 76.82 |
| Dividend Payout % | 14% | 11% | 10% | 3% | 7% | 8% | 0% | 8% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 14% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 26% |
| TTM: | 98% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 26% |
| 3 Years: | 38% |
| 1 Year: | 60% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 406 | 451 | 537 | 702 | 683 | 773 | 790 | 885 | 1,064 | 1,201 |
| 321 | 330 | 491 | 569 | 537 | 933 | 1,079 | 1,008 | 1,143 | 1,072 | |
| 174 | 235 | 359 | 294 | 281 | 431 | 483 | 410 | 544 | 645 | |
| Total Liabilities | 939 | 1,053 | 1,426 | 1,604 | 1,540 | 2,176 | 2,391 | 2,343 | 2,791 | 2,957 |
| 388 | 437 | 498 | 725 | 598 | 704 | 1,017 | 1,034 | 1,156 | 1,113 | |
| CWIP | 24 | 49 | 95 | 40 | 175 | 373 | 100 | 99 | 141 | 262 |
| Investments | 1 | 3 | 0 | 1 | 0 | 12 | 7 | 40 | 8 | 20 |
| 527 | 564 | 833 | 839 | 768 | 1,087 | 1,268 | 1,169 | 1,485 | 1,563 | |
| Total Assets | 939 | 1,053 | 1,426 | 1,604 | 1,540 | 2,176 | 2,391 | 2,343 | 2,791 | 2,957 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 17 | 107 | 21 | 247 | 172 | 5 | 49 | 354 | 281 | |
| 80 | -81 | -139 | -206 | -242 | -321 | -133 | -180 | -294 | |
| -89 | -20 | 122 | 27 | 0 | 333 | 72 | -171 | 39 | |
| Net Cash Flow | 7 | 5 | 4 | 68 | -69 | 17 | -12 | 4 | 26 |
| Free Cash Flow | 17 | 107 | 46 | 37 | -71 | -304 | -91 | 212 | -17 |
| CFO/OP | 49% | 96% | 24% | 120% | 101% | 19% | 33% | 116% | 77% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 106 | 82 | 90 | 60 | 68 | 69 | 67 | 72 | 68 |
| Inventory Days | 236 | 132 | 162 | 135 | 170 | 279 | 311 | 245 | 262 |
| Days Payable | 115 | 85 | 95 | 55 | 83 | 138 | 114 | 105 | 134 |
| Cash Conversion Cycle | 227 | 129 | 157 | 139 | 155 | 209 | 264 | 212 | 197 |
| Working Capital Days | 31 | 20 | 40 | 45 | 65 | 19 | 16 | 37 | 35 |
| ROCE % | 13% | 18% | 20% | 12% | 10% | 6% | 12% | 16% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Production Capacity (Aroma Chemicals) MTPA |
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| Export Contribution to Revenue % |
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| Actual Production Volume MT |
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| Backward Integration Capacity (CST/GTO) MTPA |
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| Number of Products (SKUs) Count |
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| Net Working Capital Days Days |
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Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr
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Subscription Towards Equity Share Capital In Joint Venture Company, Prigiv Specialties Private Limited
26 Mar - Preferential allotment Rs50 crore to Prigiv; paid-up capital Rs85 crore; Privi 51%, Givaudan 49%.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 Mar - Schedule of Analyst/Investors Virtual Meeting Scheduled to be held on March 31, 2026 @ 03:30 pm onwards.
- Closure of Trading Window 24 Mar
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
10 Mar - Subscribed Rs1.77 crore for 47,103 shares (5.80%) in Radiance MH Sunrise Eleven Pvt Ltd on March 9, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024TranscriptPPTREC
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Nov 2023TranscriptPPTREC
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Aug 2023TranscriptAI SummaryPPTREC
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Aug 2023TranscriptAI SummaryPPTREC
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Jun 2023TranscriptAI SummaryPPTREC
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Feb 2023TranscriptAI SummaryPPT
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May 2022TranscriptPPT
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Jan 2022Transcript PPT
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Jul 2017TranscriptAI SummaryPPT
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Jul 2016TranscriptAI SummaryPPT
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Nov 2011TranscriptPPT
Business Profile[1]
Privi Speciality Chemicals Limited, formerly Fairchem Speciality Limited, is India’s largest manufacturer and exporter of aroma chemicals, holding a >20% global market share in ten products. The company specializes in manufacturing, supplying, and exporting bulk aroma and fragrance chemicals.[2]