CHEMPLASTS

Chemplast Sanmar Limited

Specialty and commodity chemicals manufacturer including suspension PVC and caustic soda

Commodities›Chemicals›Chemicals & Petrochemicals›Commodity Chemicals

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

Price as of 2026-10-16

Stock price
₹212.35
Market cap
3,358 Cr
Stock P/E
Loss (TTM EPS ₹-24.63)
P/B
1.91
ROE (FY26)
-16.0%
ROCE (FY26)
-3.7%
Operating margin (FY26)
-0.4%
Debt / equity (FY26)
1.11
OCF / EBITDA (FY26)
148.7%
OCF / EBITDA (3Y)
50.0%

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

Chemplast Sanmar makes PVC (polyvinyl chloride) resins and chemicals, including custom-manufactured chemicals (CMCD) for global innovator companies, mainly in agrochemicals.

Company snapshot

8thBy market cap

Ranked among 24 companies in Commodity Chemicals.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 55.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Commodity
55.5%
1,186 Cr83 Cr—
Specialities
50.3%
1,076 Cr1 Cr—

Shares add up to 106% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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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
Sales988 Cr888 Cr1,051 Cr1,145 Cr993 Cr1,058 Cr1,151 Cr1,100 Cr1,033 Cr835 Cr1,256 Cr1,125 Cr
Operating expenses (approx.)942 Cr895 Cr1,030 Cr1,021 Cr967 Cr1,026 Cr1,114 Cr1,083 Cr990 Cr892 Cr1,061 Cr1,239 Cr
EBITDA46 Cr-7 Cr21 Cr124 Cr26 Cr32 Cr37 Cr17 Cr43 Cr-57 Cr194 Cr-115 Cr
OPM %4.7%-0.7%2.0%10.8%2.6%3.0%3.2%1.6%4.2%-6.8%15.5%-10.2%
Other income37 Cr13 Cr13 Cr12 Cr11 Cr11 Cr14 Cr9 Cr7 Cr5 Cr7 Cr3 Cr
Interest39 Cr47 Cr51 Cr59 Cr57 Cr59 Cr62 Cr59 Cr60 Cr58 Cr58 Cr59 Cr
Depreciation35 Cr38 Cr46 Cr45 Cr45 Cr47 Cr62 Cr53 Cr52 Cr53 Cr55 Cr61 Cr
Profit before tax9 Cr-78 Cr-63 Cr32 Cr-65 Cr-63 Cr-73 Cr-86 Cr-62 Cr-163 Cr-61 Cr-232 Cr
Tax %-181.6%-14.1%50.8%25.9%52.2%22.5%25.7%25.6%17.9%26.8%25.6%24.4%
Net profit26 Cr-89 Cr-31 Cr24 Cr-31 Cr-49 Cr-54 Cr-64 Cr-51 Cr-119 Cr-45 Cr-176 Cr
EPS (₹)₹1.65₹-5.65₹-1.97₹1.51₹-1.95₹-3.06₹-3.39₹-4.02₹-3.21₹-7.45₹-2.87₹-11.10

Profit & loss (annual)

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

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,254 Cr1,258 Cr3,799 Cr5,892 Cr4,941 Cr3,923 Cr4,346 Cr4,224 CrSign in free for the trailing twelve months
Operating expenses (approx.)933 Cr945 Cr2,837 Cr4,695 Cr4,473 Cr3,897 Cr4,127 Cr4,026 CrSign in free for the trailing twelve months
EBITDA321 Cr312 Cr961 Cr1,197 Cr468 Cr26 Cr219 Cr198 CrSign in free for the trailing twelve months
OPM %25.6%24.8%25.3%20.3%9.5%0.7%5.0%4.7%Sign in free for the trailing twelve months
Other income12 Cr8 Cr16 Cr57 Cr80 Cr80 Cr47 Cr28 CrSign in free for the trailing twelve months
Interest48 Cr95 Cr433 Cr322 Cr154 Cr181 Cr236 Cr235 CrSign in free for the trailing twelve months
Depreciation56 Cr87 Cr131 Cr137 Cr142 Cr151 Cr199 Cr213 CrSign in free for the trailing twelve months
Profit before tax193 Cr72 Cr547 Cr796 Cr172 Cr-226 Cr-169 Cr-372 CrSign in free for the trailing twelve months
Tax %38.7%35.7%25.0%18.5%11.2%29.8%34.7%24.8%Sign in free for the trailing twelve months
Net profit118 Cr46 Cr410 Cr649 Cr152 Cr-158 Cr-110 Cr-280 CrSign in free for the trailing twelve months
EPS (₹)₹4.53₹2.04₹30.60₹43.66₹9.64₹-10.02₹-6.92₹-17.70Sign in free for the trailing twelve months
Dividend payout %———0.0%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 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital67 Cr67 Cr67 Cr79 Cr79 Cr79 Cr79 Cr79 Cr
Reserves2,433 Cr1,845 Cr-417 Cr1,626 Cr1,779 Cr1,622 Cr1,989 Cr1,676 Cr
Borrowings193 Cr1,254 Cr2,025 Cr867 Cr1,008 Cr1,542 Cr1,841 Cr1,952 Cr
Other liabilities1,109 Cr941 Cr2,811 Cr3,029 Cr2,970 Cr2,787 Cr2,594 Cr2,609 Cr
Total liabilities3,802 Cr4,108 Cr4,486 Cr5,601 Cr5,837 Cr6,030 Cr6,503 Cr6,315 Cr
Fixed assets (net)2,087 Cr2,156 Cr3,133 Cr3,259 Cr3,186 Cr3,907 Cr4,493 Cr4,382 Cr
CWIP117 Cr8 Cr25 Cr34 Cr402 Cr190 Cr137 Cr341 Cr
Investments1,159 Cr1,458 Cr0.04 Cr0.04 Cr0.04 Cr0.04 Cr0.04 Cr8 Cr
Inventories200 Cr182 Cr407 Cr711 Cr643 Cr569 Cr657 Cr602 Cr
Trade receivables67 Cr48 Cr74 Cr190 Cr143 Cr190 Cr155 Cr92 Cr
Cash & bank49 Cr75 Cr303 Cr1,000 Cr1,111 Cr724 Cr555 Cr430 Cr
Other assets122 Cr180 Cr544 Cr408 Cr352 Cr451 Cr506 Cr460 Cr
Total assets3,802 Cr4,108 Cr4,486 Cr5,601 Cr5,837 Cr6,030 Cr6,503 Cr6,315 Cr

Cash flows

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

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity234 Cr166 Cr1,076 Cr901 Cr355 Cr-245 Cr172 Cr294 Cr
Cash from investing-311 Cr-438 Cr2,152 Cr108 Cr-217 Cr-524 Cr-407 Cr-232 Cr
Cash from financing-3 Cr298 Cr-3,017 Cr-313 Cr-27 Cr382 Cr66 Cr-187 Cr
Net cash flow-80 Cr26 Cr211 Cr696 Cr111 Cr-387 Cr-170 Cr-124 Cr
Free cash flow (OCF − Capex)174 Cr116 Cr1,021 Cr788 Cr-64 Cr-864 Cr-211 Cr-22 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.0%5.3%—43.4%11.4%-1.4%1.7%-3.7%
ROE %4.7%2.4%—38.0%8.2%-9.3%-5.3%-16.0%
Debtor days19147121118138
Inventory days179152727073768286
Days payable196181292185211235208234
Cash conversion cycle2-15-213-103-128-141-113-140
OCF / EBITDA %73.0%53.2%112.0%75.3%75.9%n.m.78.5%148.7%
OCF / EBITDA % (3 years)——92.6%86.8%88.8%59.8%39.6%50.0%
Debt / equity0.080.66—0.510.540.910.891.11
Current ratio2.221.030.631.000.970.760.650.50
Net debt / EBITDA0.453.781.79-0.11-0.2231.655.887.69