Privi Speciality Chemicals (PRIVISCL) had a P/E of 35.2× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 11% below their 52-week high. It earns ROCE of 25% and ROE of 26%, and sales and net profit grew 17% and 145% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.62× equity. It is a small-cap company with a market cap of ₹13,145 Cr, ranked 17th of 204 Specialty Chemicals companies by market cap; the shares rose 9.8% over the past year.
- ₹3,279.30
- ₹3,386.00
- ₹3,220.00
- ₹3,277.10
- 1.1 L
Health check
- ReturnsIn line
+9.8% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 35.2 vs industry 22.1.
- GrowthStrong
Sales +16.5%, profit +145.2% a year over 3 years.
- ProfitabilityStrong
ROCE 25.1% vs peer median 24.4%.
- Balance sheetFair
Debt 0.62× equity, interest covered 6.4×, Piotroski 9 of 9.
- Red flags2 to check
P/E of 35.2 against an industry P/E of 22.1.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹13,145 Cr
- Small cap
- P/E
- 35.2
- Industry 22.1
- Price to book
- 8.35
- Peers 13.33
- Dividend yield
- 0.45%
- ROE
- 25.9%
- Peers 23.0%
- ROCE
- 25.1%
- Peers 24.4%
- Debt to equity
- 0.62
- Debt ₹992 Cr
- EPS (TTM)
- ₹95.48
- Face value ₹10
- OPM (TTM)
- 24.8%
- Net margin 13.5%
- Sales growth
- +12.0%
- Latest quarter vs a year ago
- Profit growth
- +24.6%
- Latest quarter vs a year ago
- Price to sales
- 4.78
- EV/EBITDA 20.8
Strengths and risks
Strengths
- Return on equity of 25.9%.
- Return on capital employed of 25.1%.
- Quarterly profit up 24.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 35.2 against an industry P/E of 22.1.
- Promoter stake down from 69.9% to 60.6%.
About Privi Speciality Chemicals
Privi Speciality Chemicals Limited, together with its subsidiaries, manufactures, supplies, and trades in aroma and fragrance chemicals in India and internationally. The company offers aroma chemicals, including alpha damascone, alpha ionone, alpha terpenyl acetate, amber fleur, amber gamma, ambery woody extreme, beta iso damascol, bi perfumery and technical grades, camphor, carene, carvacrol, cedar ketol, cineole, citronellal, citronellol, citronellyl…
- Headquarters
- Mumbai
- Employees
- 780
- Sector
- Basic Materials
- ISIN
- INE959A01019
- Website
- privi.com
Price range
- Avg volume (3M)
- 1 L
- 1-year return
- plus 9.8%
- From 52-week high
- minus 11.1%
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% |
| PRIVISCLPrivi Speciality Chemicals | 3,365.20 | plus 2.69% | 13,145 | 35.2 | 21.6 | 25.1% | 24.8% | 0.62 | 16.5% | plus 9.8% |
| 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 | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 559 | 605 | 722 | 666 | 760 | |
| 427 | 453 | 541 | 514 | 561 | |
| 132 | 151 | 180 | 152 | 200 | |
| 23.6% | 25.0% | 25.0% | 22.9% | 26.3% | |
| 9 | 6.5 | 4.2 | 15.2 | 12.7 | |
| 23.7 | 18.6 | 18.2 | 16.7 | 16.9 | |
| 36.2 | 35.5 | 36.5 | 37.4 | 37 | |
| 81.2 | 104 | 130 | 113 | 159 | |
| 29.1% | 27.9% | 27.4% | 26.9% | 25.9% | |
| 61.9 | 78 | 93.7 | 84.2 | 117 | |
| 15.85 | 19.97 | 23.99 | 21.56 | 29.96 |
Profit & loss
- Sales CAGR 3Y
- +16.5%
- Profit CAGR 3Y
- +145.2%
- EPS CAGR 3Y
- +145.9%
- ROE
- 25.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,605 | 1,752 | 2,092 | 2,542 | |
| – | +9.1% | +19.4% | +21.5% | |
| 1,417 | 1,423 | 1,633 | 1,890 | |
| 188 | 329 | 458 | 652 | |
| 11.7% | 18.8% | 21.9% | 25.6% | |
| 19 | 18 | 14.4 | 13.7 | |
| 67.8 | 97.9 | 87.9 | 82 | |
| 108 | 123 | 132 | 144 | |
| 0 | 4.5 | 1.5 | 0.3 | |
| 31 | 130 | 255 | 440 | |
| 31.5% | 26.5% | 27.4% | 28.0% | |
| 22.2 | 94.9 | 187 | 328 | |
| – | +327.2% | +97.0% | +75.2% | |
| 5.45 | 24.30 | 47.30 | 81.08 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 39.1 | 39.1 | 39.1 | 39.1 | |
| 790 | 885 | 1,064 | 1,373 | |
| 1,079 | 1,008 | 1,143 | 1,021 | |
| 483 | 410 | 544 | 736 | |
| 2,391 | 2,343 | 2,791 | 3,170 | |
| 1,101 | 1,113 | 1,273 | 1,459 | |
| 94.6 | 88.7 | 127 | 298 | |
| 0.1 | 1.1 | 0.8 | 0.9 | |
| 27.2 | 63.4 | 57.3 | 97.7 | |
| 1,168 | 1,076 | 1,332 | 1,315 | |
| 2,391 | 2,343 | 2,791 | 3,170 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 48.8 | 354 | 281 | 550 | |
| −133 | −180 | −294 | −358 | |
| 72.3 | −171 | 38.6 | −198 | |
| −12.1 | 3.5 | 25.8 | −5.7 | |
| −140 | −151 | −299 | −320 | |
| −90.9 | 204 | −18 | 230 | |
| −7.8 | – | −7.8 | −19.5 |
Shareholding pattern
- Promoters60.60%
- Public39.40%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.60% | 39.40% | 0.00 | |
| 30 Jun 2026 | 60.60% | 39.40% | 0.00 | |
| 31 Mar 2026 | 60.60% | 39.40% | 0.00 | |
| 31 Dec 2025 | 60.60% | 39.40% | minus 9.29 | |
| 30 Sep 2025 | 69.89% | 30.11% | – |
Major shareholders
Filings & events
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