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    Chemicals
Primo Chemicals Ltd.

Primo Chemicals Ltd.

PRIMO.NS
Primo Chemicals Ltd.IN flagNational Stock Exchange of India
22.13
INR
-0.62
- -
5.36BMarket Cap
Primo Chemicals Ltd.
PRIMO.NS
(National Stock Exchange of India)

Recent

price

22.13

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
16.92
23.04
27.81
25.84
26.01
23.56
22.95
24.63
27.69
21.37
16.32
20.04
29.19
16.38
23.41
- -
22.66
Revenue per Share
-2.37
0.43
0.27
-0.93
-1.26
-1.39
-2.08
-0.36
4.12
0.65
0.59
2.61
5.67
-1.05
0.15
- -
0.62
Basic EPS, GAAP
- -
2.42
4.17
0.72
0.22
2.21
0.7
3.15
3.76
1.92
3.76
2.93
-1.35
-2.23
1.02
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-2.3
-1.87
-1.59
-2.53
-3.81
-5.23
-6.1
-5.61
-1.56
-0.88
0.12
3.48
8.94
7.91
8.25
- -
1.96
Book Value per Share
10.2
10.19
10.05
8.55
6.94
5.2
3.32
2.68
4.81
5.18
6.96
12.19
17.02
15.97
16.46
- -
16.39
Tangible Book Value per Share
102
103
103
103
102
102
117
135
136
136
139
227
242
242
237
- -
248
Basic Weighted Avg Shares
1,734
2,362
2,856
2,649
2,665
2,411
2,681
3,336
3,757
2,904
2,263
4,541
7,074
3,970
5,556
5,617
5,617
Sales/Revenue/Turnover
-8.77
7.24
3.49
-3.6
-4.64
-4.29
-8.13
7.47
17.06
4.21
10.69
18.6
27.88
-3.69
3.1
2.8
2.8
Operating Margin (%)
108
106
108
79
50
50
51
57
112
99
156
162
225
367
481
502
526
Depreciation Expense
-243
44
28
-96
-129
-142
-243
-48
559
88
82
592
1,374
-253
36
154
154
Net Income, GAAP
- -
32.87
31.28
- -
- -
- -
- -
- -
4.93
51.55
58.96
24.91
28.16
- -
84.44
37.21
37.21
Effective Tax Rate (%)
-14
1.86
0.99
-3.61
-4.85
-5.91
-9.07
-1.45
14.87
3.03
3.64
13.04
19.42
-6.38
0.64
2.74
2.74
Profit Margin (%)
-48
163
3
-116
-616
-341
-619
-574
-212
-1,097
-896
-320
-283
-945
-931
-856
-856
Working Capital
788
755
485
436
- -
429
277
273
279
- -
4
531
1,236
1,072
805
575
575
LT Debt
1,045
1,045
1,032
876
711
532
390
365
654
705
966
2,763
4,125
3,870
3,907
4,062
4,062
Total Equity
- -
6.17
4.18
- -
- -
- -
- -
- -
78.92
6.09
9.95
28.43
30.57
- -
0.48
1.8
1.8
Return on Invested Capital (%)
- -
18.61
17.61
- -
- -
- -
- -
- -
-320.57
87.64
109.44
92.48
57.11
- -
1.94
9.91
9.91
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
147.09
93.01
-12.4
1.84
12.58
12.58
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
904
- -
737
LT Borrowings
710
- -
569
LT Finance Leases
3
- -
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
242
- -
242
Market Capitalization
5,824
5,932
4,501

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,362
- -
1,080
Cash, Cash Equivalents & STI
139
- -
107
Accounts Receivable, Net
486
- -
318
Inventories
396
- -
330
Total Current Liabilities
2,312
- -
1,936
Payables & Accruals
- -
- -
- -
ST Debt
904
- -
737
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.5%
46.79%
3.95%
Free Cash Flow
28.75%
-28.44%
59.25%
Net Income, GAAP
-50.84%
170.04%
331.79%
Sales/Revenue/Turnover
15.7%
30.71%
1.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,099
932
914
1,025
3,970
2025
1,219
1,344
1,438
1,554
5,556
2026
1,419
1,347
1,401
1,449
5,617

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.18
-0.53
-0.63
- -
-1.05
2025
-0.46
0.53
0.09
-0.02
0.15
2026
0.17
0.17
0.04
0.25
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Primo Chemicals Ltd Primo Chemicals Limited (PRIMO.NS) manufactures and sells chlor-alkali chemicals in India, with a primary focus on caustic soda production in the northern region. The company produces caustic soda lye and flakes for applications in paper and pulp, soaps and detergents, textiles, dyes, aluminum, and water demineralization; hydrochloric acid for metal pickling, water demineralization in power and fertilizer plants, and preparation of metal chlorides; liquid chlorine for water treatment, paper manufacturing, stable bleaching powder, CPVC, PVC, and chlor-organic chemicals; sodium hypochlorite for textile bleaching, laundry, and drinking water disinfection; hydrogen gas as fuel and coolant in power plants, hydrogenation of vegetable oils, and optical fiber units; stable bleaching powder as an oxidizing and disinfecting agent in textiles, aquaculture, and water treatment; and aluminum chloride for water treatment, slurry separation, paper sizing, dye decolorization in textiles, and sewage treatment. Incorporated in 1975 and headquartered in Chandigarh, India, with manufacturing facilities in Naya Nangal, District Ropar, Punjab, Primo Chemicals employs state-of-the-art Hoechst-Uhde membrane cell technology across two units with a combined caustic soda capacity of 500 tons per day or 165,000 tons annually, benefiting from proximity to the Bhakra Nangal Dam for uninterrupted power and strong road-rail connectivity to serve northern India and beyond. The company changed its name from Punjab Alkalies & Chemicals Limited to Primo Chemicals Limited effective December 19, 2022; in January 2024, Flowtech Industrial Projects Private Limited increased its stake to 3.98% through an off-market acquisition of 0.32% equity shares; and in August 2025, the company approved the acquisition of the remaining 51% stake in Flow Tech Chemicals Limited, along with key board appointments.