Chemplast Sanmar Ltd
It is a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt. The manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.
Strengths
- +Stock is trading at 0.89 times its book value
- +Debtor days have improved from 34.9 to 22.0 days.
Weaknesses
- −Company has low interest coverage ratio.
- −Company has a low return on equity of -0.04% over last 3 years.
- −Earnings include an other income of Rs.18.3 Cr.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 54.99% | 54.99% | 54.99% | 54.99% | 54.99% | 54.99% | 54.99% | 54.99% |
| FIIs | 11.27% | 13.42%▲2.2 | 13.19%▼0.2 | 13.27%▲0.1 | 13.33%▲0.1 | 13.15%▼0.2 | 13.16%▲0.0 | 12.48%▼0.7 |
| DIIs | 28.39% | 25.75%▼2.6 | 25.82%▲0.1 | 25.81%▼0.0 | 25.65%▼0.2 | 25.62%▼0.0 | 25.52%▼0.1 | 25.62%▲0.1 |
| Public | 5.35% | 5.85%▲0.5 | 6%▲0.2 | 5.93%▼0.1 | 6.02%▲0.1 | 6.23%▲0.2 | 6.33%▲0.1 | 6.91%▲0.6 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 351 | 439 | 516 | 560 | 516 | 586 | 726 | 495 | 558 | 504 |
| Expenses | 359 | 449 | 532 | 515 | 502 | 571 | 697 | 473 | 540 | 519 |
| Operating Profit | -8 | -10 | -16 | 45 | 14 | 15 | 28 | 22 | 18 | -14 |
| OPM % | -2% | -2% | -3% | 8% | 3% | 2% | 4% | 4% | 3% | -3% |
| Net Profit | 14 | -60 | -30 | -3 | -8 | -30 | -25 | -28 | -36 | -56 |
| EPS ₹ | 0.87 | -3.79 | -1.88 | -0.17 | -0.5 | -1.88 | -1.59 | -1.8 | -2.25 | -3.57 |
AI Insights
TTM revenue at ₹2,283Cr, down 4.4% YoY. OPM at 2%.
Borrowings at ₹1,187Cr. Debt-to-equity ratio: 0.29x. Healthy balance sheet.
CWIP at ₹279Cr (8% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 25.62% (-1.01pp change). FIIs: 12.48% (+1.03pp change). Promoters hold 54.99%.
ROCE declining from 20% (Mar 2014) to -1% (Mar 2025). Working capital days: -77.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Resignation of Director 9 Apr - Mr Sumit Maheshwari resigned as Non-Executive Non-Independent Director effective April 9, 2026.
- Closure of Trading Window 26 Mar
- Announcement under Regulation 30 (LODR)-Credit Rating 26 Mar - CRISIL downgraded long-term ratings A+→A for Chemplast Sanmar and Cuddalore Vinyls; bank facilities Rs.2,001Cr and Rs.2,550Cr.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse