Punjab Chemicals and Crop Protection Limited – Investor Presentation Summary

Key Operational Highlights

  • Registered revenue of ₹327 Cr in Q2 FY27 growing 28% YoY and H1 FY27 at ₹674 Cr growing 17% YoY
  • Growth driven by improvement in domestic sales
  • New products contributed 19% in Q2 FY27 growing by 295% on YoY basis
  • Capacity enhancement for new intermediates for Agro intermediate successfully commercialized with more efficient process
  • Volume growth for new intermediates expected to be 100% in current financial year
  • Commercial lot supplied for 2 of the 3 MoU products with volume pickup starting from Q4FY27 onwards
  • 2 intermediate herbicide products launch planned in Q3/Q4FY27

Financial Highlights

Q2 FY27 Performance:

  • Revenue: ₹326.7 Cr (28.0% YoY growth)
  • EBITDA: ₹29.6 Cr (12.6% YoY growth)
  • PAT: ₹13.5 Cr (-27.4% YoY)
  • EPS: ₹11.0
  • Gross Margin: 34.1%
  • EBITDA Margin: 9.0%
  • PAT Margin: 4.1%

H1 FY27 Performance:

  • Revenue: ₹673.9 Cr (17.3% YoY growth)
  • EBITDA: ₹72.3 Cr (19.3% YoY growth)
  • PAT: ₹35.5 Cr (-9.3% YoY)
  • EPS: ₹29.0
  • Gross Margin: 35.4%
  • EBITDA Margin: 10.7%
  • PAT Margin: 5.3%

Drivers of financial performance: Operational efficiencies and refined product portfolio fueled EBITDA growth

Consolidated Balance Sheet Snapshot (Sep'26 vs Mar'26)

  • Total Equity: ₹455.6 Cr (vs ₹423.5 Cr)
  • Total Borrowings: ₹284.5 Cr (vs ₹142.4 Cr)
  • Trade Receivables: ₹453.9 Cr (vs ₹203.5 Cr)
  • Inventories: ₹213.2 Cr (vs ₹245.8 Cr)
  • Cash & Bank Balances: ₹9.9 Cr (vs ₹8.7 Cr)
  • Total Assets: ₹1,048.5 Cr (vs ₹823.0 Cr)

Capex & Strategic Initiatives

  • Actively scouting for a new site to support growing operations and product range
  • Manufacturing expansion aimed at catering to new business markets emphasizing export growth orientation
  • Doubling expenditure on R&D over next 2 years
  • Pilot Plant revamp to handle product commercialization and successful trials for new Chemistries
  • R&D and piloting pipeline of more than 25 products at R&D and pilot stage

Strategic & R&D Initiatives

  • Focused approach to increase portfolio of high value intermediates and catalogue products
  • Increase share of catalogue products based on R&D, Technology Development and backward integration
  • Signed three exclusive MoUs with global customers for high-value agrochemicals & intermediates
  • Expected incremental revenue of ₹120–150 crore over next 2–3 years from new product lines
  • Market diversification: Domestic vs export balance, specialty chemicals & intermediates to grow their share

Management Commentary & Growth Outlook

  • Targeting higher value intermediate business to capture upstream value and support global clients
  • Focused on improving margins through scale, higher-value product mix, efficiency gains, and deeper integration
  • Continued focus on existing product competitiveness by regular investment in technology and asset renewal
  • Working towards partnering with more customers/MNC and develop new products

Production Facilities

  • 2 Manufacturing facilities at Derabassi & Lalru in Punjab (ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 certified)
  • 1 facility in Pune, Maharashtra with food grade certification (GMP & ISO 22000 certified)