Chemcon Speciality Chemicals Ltd (CHEMCON) AI Stock Analysis

Chemcon Speciality Chemicals Ltd

(NSE:CHEMCON)

Select Model

Rating:63Neutral

Price Target:INR 240.00▲(30.54% Upside)

Action:reiterated

Date:09/06/26

Solid balance sheet and bullish technical momentum are key strengths boosting the score, while income volatility and moderate valuation are moderating factors.

Positive Factors

Low LeverageConservative leverage gives Chemcon financial flexibility to fund operations and selective growth without excessive reliance on borrowing. A modest debt burden also reduces interest and refinancing pressure, helping the company remain more resilient if specialty-chemical demand or profitability weakens.

Negative Factors

Margin CompressionThe sharp deterioration in gross margin materially reduces earnings power and leaves less profit from each unit of sales. If the lower margin profile persists, Chemcon may have less capacity to reinvest, withstand cost pressure, or translate revenue growth into durable bottom-line expansion.

Chemcon Speciality Chemicals Ltd (CHEMCON) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 6.66B
Dividend Yield: 3.53%
Average Volume (3M): 4,449
Price to Earnings (P/E): 22.3
Beta (1Y): 0.90
Revenue Growth: 22.25%
EPS Growth: 20.33%
Country: India
Employees: 238
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Chemcon Speciality Chemicals Ltd Business Overview & Revenue Model

Company Description

Founded in 1988 and headquartered in Vadodara, India, Chemcon Speciality Chemicals Limited is a producer and vendor of a diverse range of chemical products. The company primarily focuses on manufacturing pharmaceutical intermediates, silanes, and che...

How the Company Makes Money

Chemcon primarily makes money by manufacturing and selling specialty chemicals to business customers (B2B). Its revenue model is driven by (1) product sales from its specialty chemicals portfolio (including HMDS and other inorganic specialty chemical...

Chemcon Speciality Chemicals Ltd Financial Statement Overview

Summary

Mixed results: revenue volatility and declining profits in recent years balanced by strong equity position, low debt, and recent improvements in operating and free cash flows.

Income Statement

45Neutral

Balance Sheet

75Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.65B	2.40B	2.07B	2.67B	3.01B	2.57B
Gross Profit	626.60M	524.77M	869.50M	758.95M	1.27B	1.17B
EBITDA	461.64M	456.25M	328.58M	400.64M	840.11M	908.34M
Net Income	299.46M	235.98M	244.52M	191.93M	551.10M	627.57M
Balance Sheet
Total Assets	5.38B	5.68B	5.54B	5.45B	5.53B	4.98B
Cash, Cash Equivalents and Short-Term Investments	1.87B	1.96B	1.51B	230.80M	604.87M	1.12B
Total Debt	272.57M	531.37M	246.90M	427.39M	640.15M	360.20M
Total Liabilities	597.76M	844.38M	532.81M	688.34M	959.98M	808.06M
Stockholders Equity	4.78B	4.83B	5.01B	4.76B	4.57B	4.17B
Cash Flow
Free Cash Flow	0	409.59M	309.45M	-308.77M	-334.54M	241.36M
Operating Cash Flow	0	501.51M	405.17M	119.64M	127.43M	742.22M
Investing Cash Flow	0	-460.09M	-189.15M	-245.58M	-163.41M	-925.48M
Financing Cash Flow	0	-8.79M	-215.42M	-247.73M	120.41M	298.18M

Chemcon Speciality Chemicals Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price183.85

Price Trends

50DMA208.49Negative

100DMA198.28Negative

200DMA180.74Positive

Market Momentum

MACD-6.98Positive

RSI31.85Neutral

STOCH12.12Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHEMCON, the sentiment is Negative. The current price of 183.85 is below the 20-day moving average (MA) of 208.45, below the 50-day MA of 208.49, and above the 200-day MA of 180.74, indicating a neutral trend. The MACD of -6.98 indicates Positive momentum. The RSI at 31.85 is Neutral, neither overbought nor oversold. The STOCH value of 12.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CHEMCON.

Chemcon Speciality Chemicals Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:CHEMCON against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:VINATIORGA	70Outperform	INR 102.97B	22.93	―	0.86%	10.98%	-5.48%
IN:CHEMCON	63Neutral	INR 6.73B	22.26	―	3.53%	22.25%	20.33%
IN:ALKYLAMINE	61Neutral	INR 81.33B	36.11	―	0.63%	5.11%	20.64%
IN:PRIVISCL	59Neutral	INR 125.34B	33.70	―	0.31%	21.63%	60.79%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:AETHER	55Neutral	INR 215.08B	90.95	―	―	30.76%	28.12%
IN:ANURAS	49Neutral	INR 129.99B	74.35	―	0.13%	51.77%	36.90%

* General Sector Average

Performance Comparison

IN:CHEMCON and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:CHEMCON	Chemcon Speciality Chemicals Ltd	183.85	-52.58	-22.24%
IN:AETHER	Aether Industries Ltd.	1620.45	859.30	112.89%
IN:ALKYLAMINE	Alkyl Amines Chemicals Limited	1590.10	-289.30	-15.39%
IN:ANURAS	Anupam Rasayan India Ltd.	1141.80	61.23	5.67%
IN:PRIVISCL	Privi Speciality Chemicals Limited	3208.65	265.37	9.02%
IN:VINATIORGA	Vinati Organics Limited	993.30	-663.32	-40.04%

Chemcon Speciality Chemicals Ltd Corporate Events

Chemcon schedules virtual analyst and investor meet for September 23

Sep 18, 2026

Chemcon Speciality Chemicals Ltd has announced that its officials will hold a virtual group meeting with analysts and institutional investors on 23 September 2026 from 4:00 p.m. onwards. The company stated that discussions will be based solely on pub...

Chemcon Speciality Chemicals Holds 37th AGM via Virtual Platform in Line with Regulatory Norms

Sep 17, 2026

Chemcon Speciality Chemicals Limited convened its 37th Annual General Meeting on September 17, 2026, via video conferencing and other audio-visual means. The virtual format aligned with regulatory circulars from the Ministry of Corporate Affairs and...

Chemcon publishes Q1 FY27 unaudited results in newspapers and online

Aug 4, 2026

Chemcon Speciality Chemicals Ltd has published its unaudited financial results for the quarter ended 30 June 2026 in Gujarati daily Loksatta Jansatta and English business daily Business Standard, in line with regulatory disclosure norms. The company...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Chemcon Speciality Chemicals Ltd AI Stock Analysis