As of 6 Nov 2026, Chemcon Speciality Chemicals trades at 23.4× trailing earnings, above the industry P/E of 22.1×, and the shares are 23% below their 52-week high. Sales and net profit fell 7.4% and 25% a year over 3 years; its ROCE of 6.9% is the lowest among the 7 largest Specialty Chemicals peers. It carries very little debt, and its dividend yield is 6.8%. It is a small-cap company with a market cap of ₹700 Cr, ranked 90th of 204 Specialty Chemicals companies by market cap; the shares fell 20% over the past year.
- ₹195.61
- ₹197.94
- ₹188.09
- ₹195.61
- 34.3K
Health check
- ReturnsBehind
−19.8% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 23.4 vs industry 22.1.
- GrowthShrinking
Sales −7.4%, profit −24.6% a year over 3 years.
- ProfitabilityWeak
ROCE 6.9% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.06× equity, interest covered 17.0×, Piotroski 6 of 9.
- Red flags1 to check
Return on equity is low at 6.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹700 Cr
- Small cap
- P/E
- 23.4
- Industry 22.1
- Price to book
- 1.47
- Peers 13.33
- Dividend yield
- 6.81%
- ROE
- 6.0%
- Peers 23.0%
- ROCE
- 6.9%
- Peers 24.4%
- Debt to equity
- 0.06
- Debt ₹27 Cr
- EPS (TTM)
- ₹8.18
- Face value ₹10
- OPM (TTM)
- 15.9%
- Net margin 11.3%
- Sales growth
- +21.8%
- Latest quarter vs a year ago
- Profit growth
- +30.8%
- Latest quarter vs a year ago
- Price to sales
- 2.64
- EV/EBITDA 12.7
Strengths and risks
Strengths
- Practically debt-free.
- Dividend yield of 6.81%.
- Quarterly profit up 30.8% on a year ago.
- Quarterly sales up 21.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.0%.
About Chemcon Speciality Chemicals
Chemcon Speciality Chemicals Limited engages in the manufacture and sale of specialty chemicals for pharmaceutical, agro-chemical, textile, personal care, construction, automotive, electronics, aromatic chemicals, fine chemical, silanes, and oilfield chemicals industries in India and internationally. The company offers oilfield chemicals, including calcium bromide liquid, calcium bromide powder, sodium bromide solution, and zinc bromide solution;…
- Headquarters
- Vadodara
- Employees
- 238
- Sector
- Basic Materials
- ISIN
- INE03YM01018
- Website
- cscpl.com
Price range
- Avg volume (3M)
- 40.3K
- 1-year return
- minus 19.8%
- From 52-week high
- minus 23.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| CHEMCONChemcon Speciality Chemicals | 191.03 | minus 2.34% | 700 | 23.4 | 22.4 | 6.9% | 15.9% | 0.06 | −7.4% | minus 19.8% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 53.7 | 57.3 | 75.4 | 66.5 | 65.4 | |
| 46.9 | 50.7 | 66.5 | 51 | 54.4 | |
| 6.9 | 6.7 | 8.9 | 15.4 | 11 | |
| 12.8% | 11.6% | 11.8% | 23.2% | 16.9% | |
| 3.9 | 3.6 | 4.2 | 3.7 | 3.6 | |
| 0.1 | 0.7 | 1 | 0.9 | 0.7 | |
| 2.8 | 2.8 | 3.2 | 3.7 | 3.8 | |
| 7.9 | 6.8 | 8.8 | 14.6 | 10.1 | |
| 27.6% | 25.0% | 27.5% | 24.7% | 25.7% | |
| 5.7 | 5.1 | 6.4 | 11 | 7.5 | |
| 1.57 | 1.39 | 1.74 | 2.99 | 2.05 |
Profit & loss
- Sales CAGR 3Y
- −7.4%
- Profit CAGR 3Y
- −24.6%
- EPS CAGR 3Y
- −24.6%
- ROE
- 6.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 301 | 265 | 206 | 239 | |
| – | minus 11.9% | minus 22.4% | +16.0% | |
| 230 | 239 | 173 | 208 | |
| 70.7 | 26.9 | 33 | 30.7 | |
| 23.5% | 10.1% | 16.0% | 12.9% | |
| 12.6 | 13.1 | 14.2 | 14.5 | |
| 1.4 | 3.5 | 3.4 | 2 | |
| 8.4 | 10.3 | 10.5 | 11.6 | |
| 0.6 | 0 | −0 | 0.2 | |
| 74.2 | 26.3 | 33.1 | 32 | |
| 25.7% | 26.9% | 26.2% | 26.2% | |
| 55.1 | 19.2 | 24.5 | 23.6 | |
| – | minus 65.2% | +27.4% | minus 3.5% | |
| 15.04 | 5.24 | 6.68 | 6.44 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 36.6 | 36.6 | 36.6 | 36.6 | |
| 421 | 440 | 464 | 447 | |
| 64 | 42.7 | 24.7 | 53.5 | |
| 32 | 26.1 | 28.6 | 31.3 | |
| 553 | 545 | 554 | 568 | |
| 158 | 190 | 189 | 216 | |
| 16.5 | 44 | 40.6 | 21 | |
| 10 | – | 0.3 | 2.6 | |
| 60.5 | 23.1 | 32.9 | 65.7 | |
| 308 | 288 | 291 | 263 | |
| 553 | 545 | 554 | 568 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.7 | 12 | 38.3 | 41.5 | |
| −16.3 | −24.6 | −16.7 | −35.3 | |
| 12 | −24.8 | −21.5 | −3 | |
| 8.4 | −37.4 | 0.1 | 3.3 | |
| −46.2 | −42.8 | −9.6 | −9.2 | |
| −33.5 | −30.9 | 28.7 | 32.4 | |
| −14.7 | – | – | – |
Shareholding pattern
- Promoters74.47%
- Public25.53%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.47% | 25.53% | 0.00 | |
| 30 Jun 2026 | 74.47% | 25.53% | 0.00 | |
| 31 Mar 2026 | 74.47% | 25.53% | 0.00 | |
| 31 Dec 2025 | 74.47% | 25.53% | 0.00 | |
| 30 Sep 2025 | 74.47% | 25.53% | – |
Major shareholders
Filings & events
News
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