Financial Performance Highlights

Q4 FY26 Performance (Consolidated)

  • Revenue from Operations: Rs 148.2 Crores (vs Rs 165.3 Cr in Q4 FY25)
  • Other Income: Rs 4.3 Crores (vs Rs 7.7 Cr in Q4 FY25)
  • Total Revenue: Rs 152.5 Crores, down 11.9% YoY
  • EBITDA: Rs 22.0 Crores, down 44.9% YoY
  • EBITDA Margin: 14.4% (vs 23.1% in Q4 FY25)
  • Profit Before Tax: Rs 8.8 Crores, down 64.0% YoY
  • Profit After Tax: Rs 6.6 Crores, down 65.8% YoY
  • PAT Margin: 4.3% (vs 11.1% in Q4 FY25)
  • EPS: Rs 11.78

Full Year FY26 Performance (Consolidated)

  • Revenue from Operations: Rs 621.2 Crores
  • Other Income: Rs 24.5 Crores (primarily export incentives and duty drawbacks)
  • Total Revenue: Rs 645.7 Crores, down 4.8% YoY (vs Rs 678.6 Cr in FY25)
  • EBITDA: Rs 117.9 Crores, down 4.5% YoY
  • EBITDA Margin: 18.3% (vs 18.2% in FY25)
  • Profit Before Tax: Rs 61.2 Crores, down 0.7% YoY
  • Profit After Tax: Rs 45.6 Crores, down 6.3% YoY
  • PAT Margin: 7.1% (vs 7.2% in FY25)
  • EPS: Rs 81.72

Balance Sheet Position (Consolidated as of Mar'26)

  • Total Equity: Rs 767.4 Crores (vs Rs 745.3 Cr in Mar'25)
  • Total Non-Current Liabilities: Rs 108.2 Crores (vs Rs 133.5 Cr in Mar'25)
  • Total Current Liabilities: Rs 132.7 Crores (vs Rs 121.8 Cr in Mar'25)
  • Total Assets: Rs 1,008.3 Crores (vs Rs 1,000.5 Cr in Mar'25)
  • Property, Plant and Equipment: Rs 318.6 Crores
  • Capital work-in-progress: Rs 4.6 Crores
  • Investments: Rs 316.5 Crores
  • Inventories: Rs 50.3 Crores (vs Rs 67.1 Cr in Mar'25)
  • Trade receivables: Rs 150.3 Crores (vs Rs 102.5 Cr in Mar'25)
  • Cash and cash equivalents: Rs 57.8 Crores
  • Bank balances other than cash: Rs 57.3 Crores

Cash Flow Statement (Consolidated FY26)

  • Cash generated from Operations: Rs 92.7 Crores
  • Direct taxes paid (net of refund): Rs -14.2 Crores
  • Net Cash from Operating Activities: Rs 78.5 Crores
  • Net Cash from Investing Activities: Rs -37.5 Crores
  • Net Cash from Financing Activities: Rs -39.7 Crores
  • Cash & Cash equivalents at period end: Rs 57.8 Crores

Business Highlights & Operational Update

  • FY26 performance impacted by subdued demand from global geopolitical environment, crude oil price volatility, and weaker western market demand
  • Higher contribution from organic peroxides, agrochemicals, dyes, and surfactants segments
  • Introduced new acid chloride products in smaller volumes during the year
  • Working on adding another product to the portfolio
  • Expanding presence in non-acid and non-alkyl chloride chemistries
  • Production capacity: 66,000 MTPA across 100 acres
  • Multipurpose and multiproduct plants with contract manufacturing capabilities

Dividend Declaration

  • Board recommended a dividend of ₹20 per equity share for FY26
  • Represents 200% of the face value
  • Subject to shareholder approval

Awards & Recognition

  • Received EcoVadis 'Gold Medal' for sustainability performance (top 5% in chemical sector)
  • Honored with Vadodara Industrial Gaurav Award for "Industry Working for Nation Building"
  • FICCI Chemical & Petrochemical Awards 2025: Leader in Water Management and Sustainability Leader of the Year
  • CSR Award (Large Scale Category) at 4th GEO Excellence Awards
  • Parul University CSR Awards 2025

ESG & Sustainability Initiatives

  • Accredited with ISO 9001:2015, ISO 14001:2015, BS OHSAS 18001:2007, and ISO 50001:2011
  • Full-fledged effluent management system with licensed discharge facility
  • 30,000+ trees within company premises
  • Focus on women empowerment workshops, vocational training, and health awareness programs

Research & Development

  • In-house R&D facility recognized by Department of Science & Technology, Government of India
  • Facility includes gram lab, kilo lab and pilot plant for process scale-up
  • Approved by Maharaja Sayajirao University of Vadodara for Ph.D. research

Management & Board

  • Chairman: Mr. Ashwin C. Shroff
  • Managing Director: Mr. Bimal Mehta
  • Directors: Mr. Dipesh K. Shroff, Mr. Ravi A. Shroff
  • Independent Directors: Mr. Rajeev Pandia, Mr. Anandmohan Tiwari, Mr. Vijay Maniar, Ms. Rita Teaotia, Mr. Maulik D. Mehta

Strategic Outlook

  • Cautious amid evolving macroeconomic environment and West Asia conflict uncertainty
  • Focus on expanding into newer geographies including Eurasia and South America
  • Product development in advanced stages with expected commercialization in 2026-2027
  • Strengthening talent pool to expedite product development
  • Initiatives aimed at energy efficiency and cost optimization