PRIMO

Primo Chemicals Limited

Primo Chemicals Limited (PRIMO) financial statements and selected valuation metrics through 30 June 2026.

Commodities›Chemicals›Chemicals & Petrochemicals›Commodity Chemicals

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

Price as of 2026-10-16

Stock price
₹25.32
Market cap
614 Cr
Stock P/E
38.4
P/B
1.51
ROE (FY26)
3.8%
ROCE (FY26)
7.5%
Operating margin (FY26)
2.8%
Debt / equity (FY26)
0.32
OCF / EBITDA (FY26)
94.7%
OCF / EBITDA (3Y)
99.5%

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

Makes caustic soda (lye and flakes) and chlorine, the basic chlor-alkali chemicals, for industrial customers in North India such as soap, paper, textile, refinery and fertiliser makers.

Company snapshot

19thBy market cap

Ranked among 24 companies in Commodity Chemicals.

What we see

Positives
  • ✓99% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 2.7% — little room for error if costs rise.
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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
Sales93 Cr91 Cr102 Cr122 Cr134 Cr144 Cr155 Cr142 Cr135 Cr140 Cr145 Cr140 Cr
Operating expenses (approx.)98 Cr89 Cr101 Cr107 Cr124 Cr125 Cr131 Cr122 Cr119 Cr127 Cr126 Cr119 Cr
EBITDA-4 Cr3 Cr1 Cr15 Cr11 Cr19 Cr24 Cr20 Cr15 Cr14 Cr19 Cr21 Cr
OPM %-4.7%3.1%1.4%12.4%7.9%13.0%15.4%14.4%11.4%9.7%13.1%14.8%
Other income5 Cr4 Cr5 Cr6 Cr6 Cr5 Cr4 Cr5 Cr4 Cr4 Cr6 Cr5 Cr
Interest4 Cr5 Cr6 Cr6 Cr6 Cr6 Cr6 Cr5 Cr5 Cr4 Cr4 Cr4 Cr
Depreciation9 Cr10 Cr12 Cr12 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr
Profit before tax-12 Cr-9 Cr-10 Cr3 Cr-3 Cr5 Cr11 Cr8 Cr3 Cr2 Cr9 Cr10 Cr
Tax %-5.5%-75.8%169.6%421.6%567.9%52.1%103.8%49.7%-33.8%34.2%31.0%52.7%
Net profit-13 Cr-15 Cr7 Cr-11 Cr13 Cr2 Cr-0.41 Cr4 Cr4 Cr1 Cr6 Cr5 Cr
EPS (₹)₹-0.53₹-0.63₹0.29₹-0.46₹0.53₹0.09₹-0.01₹0.17₹0.17₹0.04₹0.25₹0.19

Profit & loss (annual)

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

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales454 Cr707 Cr397 Cr556 Cr562 CrSign in free for the trailing twelve months
Operating expenses (approx.)367 Cr515 Cr390 Cr487 Cr493 CrSign in free for the trailing twelve months
EBITDA87 Cr192 Cr7 Cr68 Cr68 CrSign in free for the trailing twelve months
OPM %19.1%27.2%1.7%12.3%12.2%Sign in free for the trailing twelve months
Other income15 Cr26 Cr19 Cr21 Cr20 CrSign in free for the trailing twelve months
Interest9 Cr8 Cr18 Cr23 Cr18 CrSign in free for the trailing twelve months
Depreciation17 Cr24 Cr40 Cr51 Cr53 CrSign in free for the trailing twelve months
Profit before tax78 Cr190 Cr-31 Cr16 Cr22 CrSign in free for the trailing twelve months
Tax %24.1%27.7%18.0%78.2%28.9%Sign in free for the trailing twelve months
Net profit59 Cr137 Cr-25 Cr4 Cr15 CrSign in free for the trailing twelve months
EPS (₹)₹13.07₹5.67₹-1.05₹0.15₹0.63Sign in free for the trailing twelve months
Dividend payout %0.0%0.0%—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 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital48 Cr48 Cr48 Cr48 Cr48 Cr
Reserves228 Cr364 Cr339 Cr342 Cr358 Cr
Borrowings61 Cr144 Cr176 Cr169 Cr131 Cr
Other liabilities141 Cr175 Cr151 Cr181 Cr156 Cr
Total liabilities478 Cr731 Cr714 Cr741 Cr692 Cr
Fixed assets (net)155 Cr278 Cr468 Cr497 Cr469 Cr
CWIP177 Cr213 Cr49 Cr10 Cr12 Cr
Investments33 Cr59 Cr59 Cr61 Cr65 Cr
Inventories17 Cr18 Cr22 Cr34 Cr33 Cr
Trade receivables33 Cr52 Cr35 Cr43 Cr32 Cr
Cash & bank24 Cr21 Cr0.47 Cr0.17 Cr1 Cr
Other assets41 Cr90 Cr80 Cr96 Cr79 Cr
Total assets478 Cr731 Cr714 Cr741 Cr692 Cr

Cash flows

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

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity70 Cr150 Cr14 Cr64 Cr65 Cr
Cash from investing-191 Cr-233 Cr-56 Cr-43 Cr-18 Cr
Cash from financing137 Cr81 Cr21 Cr-22 Cr-46 Cr
Net cash flow16 Cr-3 Cr-21 Cr-0.30 Cr0.85 Cr
Free cash flow (OCF − Capex)66 Cr-39 Cr-54 Cr24 Cr39 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %25.8%35.6%-2.3%7.0%7.5%
ROE %21.4%33.3%-6.5%0.9%3.8%
Debtor days2627322821
Inventory days2622293735
Days payable6883416935
Cash conversion cycle-15-3521-420
OCF / EBITDA %81.0%77.8%n.m.94.3%94.7%
OCF / EBITDA % (3 years)——81.7%85.1%99.5%
Debt / equity0.220.350.460.430.32
Current ratio0.760.830.520.610.56
Net debt / EBITDA0.420.6425.432.471.90