CHEMFAB

Chemfab Alkalis Limited

Chlor-alkali and specialty chemicals producer with caustic soda and OPVC pipes

Commodities›Chemicals›Chemicals & Petrochemicals›Commodity Chemicals

chemfabalkalis.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹328.85
Market cap
472 Cr
Stock P/E
Loss (TTM EPS ₹-0.17)
P/B
1.26
Dividend yield
0.4%
ROE (FY26)
-0.9%
ROCE (FY26)
1.5%
Operating margin (FY26)
-0.4%
Debt / equity (FY26)
0.33
OCF / EBITDA (FY26)
140.0%
OCF / EBITDA (3Y)
163.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Chemfab Alkalis makes caustic soda and related chlor-alkali chemicals in India and sells oriented PVC (OPVC) water pipes, mainly to government infrastructure projects.

Company snapshot

20thBy market cap

Ranked among 24 companies in Commodity Chemicals.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 58.8% of revenue

SegmentRevenue shareRevenuePBTAssets
a) Chemicals and related products
58.8%
49 Cr-7 Cr320 Cr
b) PVC-O Pipes
41.2%
34 Cr9 Cr165 Cr

What we see

Positives
  • ✓164% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales80 Cr86 Cr82 Cr77 Cr82 Cr84 Cr92 Cr92 Cr77 Cr68 Cr75 Cr73 Cr
Operating expenses (approx.)69 Cr71 Cr70 Cr68 Cr72 Cr72 Cr79 Cr80 Cr71 Cr66 Cr66 Cr63 Cr
EBITDA11 Cr15 Cr12 Cr8 Cr10 Cr12 Cr13 Cr11 Cr5 Cr2 Cr9 Cr10 Cr
OPM %13.7%17.6%15.0%10.9%12.4%14.2%14.4%12.3%7.1%2.8%11.4%13.8%
Other income1 Cr2 Cr2 Cr3 Cr0.60 Cr3 Cr1 Cr1 Cr2 Cr3 Cr3 Cr2 Cr
Interest0.06 Cr0.43 Cr0.41 Cr0.94 Cr1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Depreciation6 Cr5 Cr6 Cr7 Cr9 Cr10 Cr11 Cr6 Cr7 Cr7 Cr8 Cr8 Cr
Profit before tax7 Cr11 Cr8 Cr3 Cr0.73 Cr4 Cr-7 Cr5 Cr-1 Cr-5 Cr1 Cr2 Cr
Tax %35.4%34.4%32.1%66.5%173.5%48.2%-25.0%45.8%-51.0%7.2%60.4%-157.7%
Net profit4 Cr7 Cr5 Cr0.90 Cr-0.53 Cr2 Cr-9 Cr3 Cr-2 Cr-4 Cr0.48 Cr6 Cr
EPS (₹)₹3.03₹5.00₹3.80₹0.63₹-0.37₹1.32₹-6.41₹1.77₹-1.40₹-3.09₹0.34₹3.99

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales205 Cr181 Cr272 Cr331 Cr327 Cr334 Cr311 CrSign in free for the trailing twelve months
Operating expenses (approx.)149 Cr158 Cr215 Cr221 Cr273 Cr291 Cr284 CrSign in free for the trailing twelve months
EBITDA55 Cr23 Cr57 Cr110 Cr54 Cr44 Cr27 CrSign in free for the trailing twelve months
OPM %26.9%12.9%20.9%33.3%16.5%13.1%8.8%Sign in free for the trailing twelve months
Other income3 Cr1 Cr6 Cr6 Cr9 Cr7 Cr9 CrSign in free for the trailing twelve months
Interest3 Cr2 Cr1 Cr0.24 Cr0.94 Cr5 Cr8 CrSign in free for the trailing twelve months
Depreciation25 Cr20 Cr22 Cr23 Cr22 Cr36 Cr28 CrSign in free for the trailing twelve months
Profit before tax27 Cr2 Cr39 Cr89 Cr39 Cr-0.31 Cr-0.20 CrSign in free for the trailing twelve months
Tax %4.7%501.4%26.5%27.8%32.8%-2172.5%-1613.3%Sign in free for the trailing twelve months
Net profit25 Cr-8 Cr29 Cr65 Cr26 Cr-7 Cr-3 CrSign in free for the trailing twelve months
EPS (₹)₹18.27₹-5.81₹20.36₹45.61₹18.53₹-4.86₹-2.38Sign in free for the trailing twelve months
Dividend payout %——0.1%2.7%0.0%——Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves262 Cr253 Cr284 Cr347 Cr373 Cr366 Cr361 Cr
Borrowings36 Cr31 Cr7 Cr0.0063 Cr18 Cr83 Cr123 Cr
Other liabilities37 Cr37 Cr47 Cr51 Cr95 Cr59 Cr78 Cr
Total liabilities348 Cr335 Cr352 Cr412 Cr500 Cr522 Cr577 Cr
Fixed assets (net)190 Cr197 Cr187 Cr192 Cr232 Cr303 Cr386 Cr
CWIP35 Cr3 Cr8 Cr31 Cr74 Cr36 Cr31 Cr
Investments3 Cr24 Cr31 Cr68 Cr6 Cr16 Cr14 Cr
Inventories9 Cr9 Cr12 Cr17 Cr16 Cr27 Cr26 Cr
Trade receivables10 Cr15 Cr21 Cr22 Cr21 Cr21 Cr24 Cr
Cash & bank0.04 Cr0.02 Cr2 Cr0.98 Cr2 Cr5 Cr0.08 Cr
Other assets102 Cr86 Cr91 Cr81 Cr148 Cr114 Cr96 Cr
Total assets348 Cr335 Cr352 Cr412 Cr500 Cr522 Cr577 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity54 Cr45 Cr55 Cr93 Cr126 Cr40 Cr38 Cr
Cash from investing-58 Cr-6 Cr-21 Cr-48 Cr-110 Cr-86 Cr-81 Cr
Cash from financing3 Cr-16 Cr-25 Cr-9 Cr16 Cr59 Cr31 Cr
Net cash flow-1 Cr23 Cr9 Cr36 Cr33 Cr13 Cr-12 Cr
Free cash flow (OCF − Capex)-8 Cr38 Cr55 Cr35 Cr126 Cr-73 Cr-53 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.6%1.5%13.2%24.8%9.9%1.0%1.5%
ROE %9.2%-3.0%9.6%17.9%6.8%-1.8%-0.9%
Debtor days17312924242328
Inventory days9913388127799799
Days payable193261151208135115120
Cash conversion cycle-77-97-34-57-3258
OCF / EBITDA %98.5%195.1%97.0%83.8%234.1%91.3%140.0%
OCF / EBITDA % (3 years)——114.5%101.3%123.8%124.3%163.6%
Debt / equity0.130.120.020.00000.050.220.33
Current ratio1.041.561.622.601.041.330.80
Net debt / EBITDA0.651.320.08-0.00880.291.784.51