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PCBL Chemical Limited
(PCBL)
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Rating:54Neutral
Price Target:
₹355.00
▲(11.76% Upside)
Action:Reiterated
Date:07/31/26
The score is held back primarily by weakening FY2026 profitability and elevated leverage, which increase downside risk if the cycle remains pressured. Technicals are a positive (price above key moving averages), but a high P/E limits valuation upside despite a modest dividend yield.
Positive Factors
Diversified End Markets
Serving several downstream industries broadens PCBL’s demand base beyond a single application and allows it to supply multiple carbon-black grades. This product and end-market breadth can support customer relevance, reduce concentration in any one segment, and provide resilience as demand patterns shift.
Negative Factors
Margin Compression
The sharp contraction in gross and net margins indicates materially weaker earnings retention from each unit of revenue. If pricing and cost pressures persist, reduced profitability could constrain reinvestment, weaken debt-servicing capacity, and make future earnings more sensitive to operating volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End Markets
Serving several downstream industries broadens PCBL’s demand base beyond a single application and allows it to supply multiple carbon-black grades. This product and end-market breadth can support customer relevance, reduce concentration in any one segment, and provide resilience as demand patterns shift.
Read all positive factors
PCBL Chemical Limited (PCBL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹130.24B
Dividend Yield3.26%
Average Volume (3M)135.89K
Price to Earnings (P/E)48.4
Beta (1Y)1.53
Revenue Growth2.08%
EPS Growth-38.93%
CountryIN
Employees1,350
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)6.64
Shares Outstanding393,462,620
10 Day Avg. Volume129,045
30 Day Avg. Volume135,892
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)2.32
Price to Sales (P/S)1.14
P/FCF Ratio22.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹350.00Price Target Upside10.18% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)11.81
Revenue Forecast (FY)₹96.00B
PCBL Chemical Limited Business Overview & Revenue Model
Company Description
PCBL Limited, an Indian-based enterprise, is a leading producer, supplier, and exporter of carbon black, serving both domestic and international markets. The company operates through its Carbon Black and Power divisions. For the rubber sector, it ...
How the Company Makes Money
PCBL primarily makes money by manufacturing and selling carbon black (and associated grades) to industrial customers. Its revenue model is largely volume-and-price driven: it produces carbon black grades and sells them under supply arrangements an...
PCBL Chemical Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.49B | 81.89B | 84.04B | 64.20B | 57.74B | 44.46B |
| Gross Profit | 20.00B | 16.34B | 25.38B | 19.11B | 13.88B | 12.80B |
| EBITDA | 11.32B | 10.57B | 12.46B | 9.56B | 6.94B | 6.10B |
| Net Income | 2.59B | 1.98B | 4.35B | 4.91B | 4.42B | 4.26B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 112.95B | 117.22B | 112.95B | 54.33B | 47.85B |
| Cash, Cash Equivalents and Short-Term Investments | 2.88B | 2.88B | 3.83B | 4.16B | 913.20M | 4.84B |
| Total Debt | 0.00 | 49.89B | 55.71B | 49.83B | 10.29B | 7.86B |
| Total Liabilities | -40.19B | 72.75B | 80.13B | 80.45B | 25.94B | 21.62B |
| Stockholders Equity | 40.19B | 40.06B | 36.97B | 32.47B | 28.30B | 26.14B |
Cash Flow | ||||||
| Free Cash Flow | 4.09B | 4.22B | -133.30M | 5.70B | -3.92B | -157.80M |
| Operating Cash Flow | 8.22B | 11.49B | 7.60B | 11.05B | 5.04B | 2.90B |
| Investing Cash Flow | -4.06B | -6.92B | -6.90B | -42.14B | -5.52B | -5.41B |
| Financing Cash Flow | -5.18B | -5.46B | -639.30M | 33.81B | -305.70M | 2.17B |
PCBL Chemical Limited Technical Analysis
Negative
317.65
Price Trends
324.90
Negative
311.28
Positive
296.47
Positive
Market Momentum
2.60
Positive
44.49
Neutral
19.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PCBL, the sentiment is Negative. The current price of 317.65 is below the 20-day moving average (MA) of 330.44, below the 50-day MA of 324.90, and above the 200-day MA of 296.47, indicating a neutral trend. The MACD of 2.60 indicates Positive momentum. The RSI at 44.49 is Neutral, neither overbought nor oversold. The STOCH value of 19.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PCBL.
PCBL Chemical Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹121.28B | 27.93 | ― | 0.70% | 5.09% | 5.44% | |
68 Neutral | ₹90.11B | 39.55 | ― | 0.57% | 5.11% | 20.64% | |
63 Neutral | ₹68.60B | 32.43 | ― | 0.54% | 11.08% | 34.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹130.24B | 48.41 | ― | 3.26% | 2.08% | -38.93% | |
53 Neutral | ₹134.39B | 75.66 | ― | 0.13% | 51.77% | 36.90% | |
47 Neutral | ₹172.64B | 31.75 | ― | 0.21% | 27.05% | 123.98% |
* General Sector Average
IN:PCBL
PCBL Chemical Limited
321.80
-49.57
-13.35%
IN:AARTIIND
AARTI Industries Ltd
464.80
86.35
22.82%
IN:ALKYLAMINE
Alkyl Amines Chemicals Limited
1,741.25
-147.89
-7.83%
IN:ANURAS
Anupam Rasayan India Ltd.
1,161.45
98.45
9.26%
IN:BALAMINES
Balaji Amines Limited
2,051.70
655.96
47.00%
IN:VINATIORGA
Vinati Organics Limited
1,208.85
-503.64
-29.41%
PCBL Chemical Limited Corporate Events
PCBL Chemical Names Rohit Maindwal Executive Director for Specialty Blacks
Aug 21, 2026
PCBL Chemical Limited has appointed Rohit Maindwal as Chief and Executive Director – Specialty Blacks, classifying him as senior management with effect from 20 August 2026. The move signals a strengthening of leadership in its specialty blac...
PCBL Chemical Clears Q1 FY27 Results, Declares Robust Interim Dividend
Jul 29, 2026
PCBL Chemical Limited, a publicly listed player in India’s chemical industry, maintains equity and debt listings on NSE and BSE, reflecting its access to diverse capital markets. Its position as an actively traded issuer highlights a focus o...
PCBL Chemical Declares 450% Interim Dividend After Q1 FY27 Results
Jul 29, 2026
PCBL Chemical Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, along with the statutory auditors’ limited review reports. The company will publish an extract o...
PCBL Chemical Declares 450% Interim Dividend and Approves Q1 FY27 Results
Jul 29, 2026
PCBL Chemical Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, along with the statutory auditors’ limited review reports and details of security cover under SE...
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.