As of 6 Nov 2026, Paushak trades at 31.4× trailing earnings, above the industry P/E of 22.1×, and the shares are 32% below their 52-week high. Sales grew 1.0% a year over 3 years while net profit fell 10%, with ROCE of 8.7% and ROE of 9.5%. Debt is 0.13× equity, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹1,485 Cr, ranked 72nd of 204 Specialty Chemicals companies by market cap; the shares rose 5.5% over the past year.
- ₹615.00
- ₹622.75
- ₹595.30
- ₹620.30
- 21.6K
Health check
- ReturnsIn line
+5.5% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 31.4 vs industry 22.1.
- GrowthSlow
Sales +1.0%, profit −10.0% a year over 3 years.
- ProfitabilityWeak
ROCE 8.7% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.13× equity, interest covered 48.1×.
- Red flags1 to check
32% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,485 Cr
- Small cap
- P/E
- 31.4
- Industry 22.1
- Price to book
- 2.87
- Peers 13.33
- Dividend yield
- 0.40%
- ROE
- 9.5%
- Peers 23.0%
- ROCE
- 8.7%
- Peers 24.4%
- Debt to equity
- 0.13
- Debt ₹68 Cr
- EPS (TTM)
- ₹19.18
- Face value ₹5
- OPM (TTM)
- 29.0%
- Net margin 17.1%
- Sales growth
- +52.0%
- Latest quarter vs a year ago
- Profit growth
- +56.9%
- Latest quarter vs a year ago
- Price to sales
- 5.36
- EV/EBITDA 18.8
Strengths and risks
Strengths
- Quarterly profit up 56.9% on a year ago.
- Quarterly sales up 52.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 32% below its 52-week high.
About Paushak
Paushak Limited manufactures and sells specialty chemicals and intermediates in India and internationally. It offers chloroformates, isocyanates, chlorides, carbonate/carbamate, and custom synthesis and CDMO solutions. The company servers its products to pharmaceuticals, agrochemicals, and performance chemicals, and custom synthesis industries. Paushak Limited was founded in 1968 and is based in Vadodara, India.
- Headquarters
- Vadodara
- Employees
- 367
- Sector
- Basic Materials
- ISIN
- INE111F01024
- Website
- paushak.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- plus 5.5%
- From 52-week high
- minus 31.7%
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% | 16.5% | 0.09 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.4% | 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% |
| PAUSHAKLTDPaushak | 602.25 | minus 2.91% | 1,485 | 31.4 | 25.3 | – | 20.1% | 0.13 | 1.0% | plus 5.5% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.4% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 58.8 | 48.8 | 55.1 | 83.6 | 89.3 | |
| 44 | 37.4 | 38.4 | 57.9 | 63 | |
| 14.8 | 11.4 | 16.7 | 25.7 | 26.4 | |
| 25.2% | 23.4% | 30.3% | 30.7% | 29.5% | |
| 1.1 | 1 | 8.2 | 3.1 | 2 | |
| 0 | 0 | 1 | 1.4 | 1.4 | |
| 4.5 | 5 | 7.9 | 8.4 | 8.4 | |
| 11.3 | 7.4 | 16 | 19 | 18.6 | |
| 24.1% | 16.8% | 22.0% | 20.6% | 27.4% | |
| 8.6 | 6.2 | 12.5 | 15.1 | 13.5 | |
| 3.49 | 2.50 | 5.07 | 6.13 | 5.48 |
Profit & loss
- Sales CAGR 3Y
- +1.0%
- Profit CAGR 3Y
- −10.0%
- EPS CAGR 3Y
- −10.0%
- ROE
- 9.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 211 | 205 | 210 | 217 | |
| – | minus 2.8% | +2.3% | +3.6% | |
| 136 | 139 | 149 | 156 | |
| 75.3 | 65.5 | 60.5 | 61.4 | |
| 35.7% | 32.0% | 28.9% | 28.3% | |
| 4.3 | 7.6 | 4.3 | 3.9 | |
| 0.3 | 0.1 | 0.1 | 1.1 | |
| 13.4 | 13.8 | 15 | 21.4 | |
| 6.3 | 11.9 | 9.1 | 7.5 | |
| 72.2 | 71 | 58.8 | 50.4 | |
| 25.2% | 23.4% | 16.0% | 22.0% | |
| 54 | 54.4 | 49.4 | 39.3 | |
| – | +0.6% | minus 9.2% | minus 20.4% | |
| 21.90 | 22.04 | 20.03 | 15.95 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.1 | 3.1 | 3.1 | 12.3 | |
| 351 | 405 | 462 | 479 | |
| – | – | 25 | 76.9 | |
| 61.1 | 73.2 | 81.5 | 91.9 | |
| 415 | 481 | 572 | 660 | |
| 156 | 182 | 338 | 403 | |
| 7.1 | 30 | 197 | 26.3 | |
| 112 | 81.9 | 131 | 122 | |
| 70.6 | 142 | 8.5 | 27.4 | |
| 69.7 | 45.3 | −102 | 80.9 | |
| 415 | 481 | 572 | 660 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 42.7 | 56 | 37.6 | 53.7 | |
| −38.2 | −50.5 | −57 | −95.2 | |
| −4 | −5.4 | 18.8 | 41.5 | |
| 0.5 | 0.1 | −0.6 | 0 | |
| −17.1 | −39.1 | −160 | −88.1 | |
| 25.6 | 17 | −123 | −34.4 | |
| −3.7 | −5.3 | −6.1 | −6.1 |
Shareholding pattern
- Promoters67.28%
- Public32.72%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 67.28% | 32.72% | 0.00 | |
| 30 Jun 2026 | 67.28% | 32.72% | 0.00 | |
| 31 Mar 2026 | 67.28% | 32.72% | 0.00 | |
| 31 Dec 2025 | 67.28% | 32.72% | 0.00 | |
| 28 Nov 2025 | 67.28% | 32.72% | – |
Major shareholders
Filings & events
News
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