Primo Chemicals

Who are the top shareholders of the Primo Chemicals?

The top shareholders of Primo Chemicals include promoter Sukhbir Singh Dahiya with 10.43%, public shareholder Naveen Chopra with 17.54%, and individual investors owning 27.35%. Additionally, 11 mutual fund schemes hold 1.9%, and 5 foreign institutional investors hold 0.11%, with no pledged promoter holdings.

The top shareholders of Primo Chemicals include Sukhbir Singh Dahiya, who is the promoter with the highest holding at 10.43%. The highest public shareholder is Naveen Chopra, holding 17.54%. Additionally, individual investors collectively own 27.35% of the company. There are also 11 mutual fund schemes that hold a combined 1.9%, and 5 foreign institutional investors (FIIs) holding 0.11%. Notably, there are no pledged promoter holdings.

how big is Primo Chemicals?

As of Jun 06, Primo Chemicals Ltd has a market capitalization of 601.01 Cr and reported net sales of 555.56 Cr and a net profit of 3.56 Cr over the latest four quarters. Shareholder's funds are 387.04 Cr, with total assets of 714.15 Cr as of the latest annual period ending in Mar'24.

Market Cap: As of Jun 06, Primo Chemicals Ltd has a market capitalization of 601.01 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: For the latest 4 quarters, the sum of Net Sales is 555.56 Cr, and the sum of Net Profit is 3.56 Cr. This data is on a Consolidated basis.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar'24. Shareholder's Funds are reported at 387.04 Cr, while Total Assets amount to 714.15 Cr.

Has Primo Chemicals declared dividend?

No Dividend History Available

Who are the peers of the Primo Chemicals?

Primo Chemicals' peers include Tata Chemicals, Chemplast Sanmar, India Glycols, GHCL, Fischer Medical, Indo Borax & Ch., Vikram Thermo, Mangalam Organic, and OCCL. In terms of management risk, GHCL and Chemplast Sanmar are rated excellent, while Primo Chemicals has average management risk and a 1-year return of -29.91%.

Peers: The peers of Primo Chemicals are Tata Chemicals, Chemplast Sanmar, India Glycols, GHCL, Fischer Medical, Indo Borax & Ch., Vikram Thermo, Mangalam Organic, and OCCL.<BR><BR>Quality Snapshot: Excellent management risk is observed at GHCL and Chemplast Sanmar, while Average management risk is found at Tata Chemicals, India Glycols, Fischer Medical, Indo Borax & Ch., Primo Chemicals, Vikram Thermo, Mangalam Organic, and the rest. Below Average management risk is noted at Fischer Medical. Growth is rated as Good at Vikram Thermo, while Below Average growth is seen at Tata Chemicals, Chemplast Sanmar, India Glycols, GHCL, Fischer Medical, Indo Borax & Ch., Primo Chemicals, Mangalam Organic, and the rest. Average capital structure is present at Tata Chemicals, Primo Chemicals, and Mangalam Organic, while Excellent capital structure is noted at GHCL and Indo Borax & Ch.<BR><BR>Return Snapshot: India Glycols has the highest 1-year return at 150.38%, while Andhra Petrochem has the lowest at -44.41%. Primo Chemicals' 1-year return of -29.91% is better than Andhra Petrochem's but worse than India Glycols'. Additionally, the six-month return is negative for Tata Chemicals, Chemplast Sanmar, and Primo Chemicals.

Who are in the management team of Primo Chemicals?

As of March 2022, the management team of Primo Chemicals includes Naveen Chopra (Managing Director), Sukhbir Singh Dahiya (Chairman), and several directors, with Jatin Dahiya being the only member with a specified remuneration of 25.24 lacs INR. Other members include Sugandha Kukreja, Jagbir Singh Ahlawat, Kuldip Singh Suhag, Tilak Raj Bajalia, Ashok Goyal, and Teesta Sandhu.

As of March 2022, the management team of Primo Chemicals includes the following individuals:<BR><BR>1. Sugandha Kukreja - Company Secretary & Compliance Officer<BR>2. Naveen Chopra - Managing Director<BR>3. Sukhbir Singh Dahiya - Chairman (Non-Executive)<BR>4. Jagbir Singh Ahlawat - Director<BR>5. Jatin Dahiya - Director<BR>6. Kuldip Singh Suhag - Independent Director<BR>7. Tilak Raj Bajalia - Independent Director<BR>8. Ashok Goyal - Independent Director<BR>9. Teesta Sandhu - Independent Director<BR><BR>Among these, Jatin Dahiya is the only member with a specified remuneration of 25.24 lacs INR.

What does Primo Chemicals do?

Primo Chemicals Ltd is the largest producer of Caustic Soda in Northern India, operating in the Commodity Chemicals industry. Incorporated in 1975, it reported net sales of 1,554 Cr and a net profit of -4 Cr for the quarter ending March 2025.

Overview:<BR>Primo Chemicals Ltd is the largest producer of Caustic Soda in Northern India, operating within the Commodity Chemicals industry and classified as a Micro Cap company.<BR><BR>History:<BR>Primo Chemicals Ltd was incorporated in December 1975 under the name 'Punjab Alkalies and Chemicals Limited' and changed its name to 'Primo Chemicals Limited' on December 19, 2022. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,554 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: -4 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 632 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 180.00<BR>- Industry P/E: 47<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.42<BR>- Return on Equity: 0.93%<BR>- Price to Book: 1.67<BR><BR>Contact Details:<BR>Address: S C O 125-127, Sector 17 - B Chandigarh Chandigarh ( U T ) : 160017<BR>Tel: 91-172-4072500-01<BR>Email: sharesqueries@punjabalkalies.com<BR>Website: http://www.primochemicals.in

How has been the historical performance of Primo Chemicals?

Primo Chemicals experienced significant fluctuations in financial performance over the past five years, with net sales peaking at 707.38 Cr in March 2023 before declining to 555.56 Cr by March 2025, while operating profit and profit before tax also showed volatility, ultimately recovering to 24.12 Cr in March 2025. Total assets and liabilities increased substantially during this period, and cash flow from operating activities improved to 64.00 Cr in March 2025.

Answer:<BR>The historical performance of Primo Chemicals shows significant fluctuations in key financial metrics over the past five years.<BR><BR>Breakdown:<BR>Primo Chemicals' net sales peaked in March 2023 at 707.38 Cr but declined to 555.56 Cr by March 2025. Total operating income followed a similar trend, reaching its highest at 707.38 Cr in March 2023 before dropping to 555.56 Cr in March 2025. The raw material cost increased steadily, from 171.50 Cr in March 2021 to 337.39 Cr in March 2025, while total expenditure, excluding depreciation, rose from 238.70 Cr in March 2021 to 487.21 Cr in March 2025. Operating profit (PBDIT) saw a peak of 218.52 Cr in March 2023 but fell to 98.24 Cr in March 2025. Profit before tax was notably high at 186.50 Cr in March 2023 but turned negative in March 2024 at -31.43 Cr, before recovering to 24.12 Cr in March 2025. Profit after tax mirrored this volatility, with a high of 133.98 Cr in March 2023 and a loss of 25.86 Cr in March 2024, ultimately reaching 11.36 Cr in March 2025. The company's total assets increased from 245.70 Cr in March 2021 to 740.54 Cr in March 2025, while total liabilities also rose, reflecting a growth from 245.70 Cr to 740.54 Cr over the same period. Cash flow from operating activities improved significantly to 64.00 Cr in March 2025, compared to 13.00 Cr in March 2024, indicating a recovery in operational efficiency.

Is Primo Chemicals overvalued or undervalued?

As of November 21, 2025, Primo Chemicals is considered overvalued with a PE ratio of 53.47 and a shift in valuation from very attractive to attractive, despite being relatively better than peers like Godrej Industries and Solar Industries, while experiencing a significant year-to-date decline of 39.84%.

As of 21 November 2025, the valuation grade for Primo Chemicals has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as overvalued. Key ratios highlight this position: the PE ratio stands at 53.47, the EV to EBITDA ratio is 8.88, and the PEG ratio is notably low at 0.21, suggesting that despite high earnings multiples, growth expectations are not being met.<BR><BR>In comparison to peers, Primo Chemicals' PE ratio is significantly higher than Godrej Industries, which has a PE of 36.48 and is also rated as attractive. Additionally, Solar Industries, deemed very expensive, has a PE of 94.3, indicating that while Primo is relatively better, it still faces valuation pressures. The recent stock performance has been poor, with a year-to-date decline of 39.84% compared to a 9.08% gain in the Sensex, reinforcing the notion that the stock may be overvalued in the current market context.

Is Primo Chemicals technically bullish or bearish?

As of November 25, 2025, the market trend is mildly bearish, with mixed indicators showing some positive momentum but overall bearish sentiment from moving averages and the KST.

As of 25 November 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD is mildly bullish on both weekly and monthly time frames, suggesting some positive momentum, but this is offset by the Bollinger Bands and moving averages, which are both indicating a mildly bearish trend on the weekly and daily charts. The KST is bearish on both weekly and monthly time frames, further supporting the bearish outlook. Additionally, the Dow Theory shows a mildly bullish signal on the weekly chart but is bearish on the monthly chart. Overall, while there are some mildly bullish signals, the prevailing indicators lean towards a bearish sentiment.

When is the next results date for Primo Chemicals Ltd?

The next results date for Primo Chemicals Ltd is 12 February 2026.

The next results date for Primo Chemicals Ltd is scheduled for 12 February 2026.

Are Primo Chemicals Ltd latest results good or bad?

Primo Chemicals Ltd's latest results are concerning, showing a 74.76% decline in net profit quarter-on-quarter and a negative PAT margin of -0.24%, despite a slight 4.01% increase in net sales. Overall, the financial performance indicates significant challenges and can be characterized as bad.

The latest results for Primo Chemicals Ltd indicate a challenging financial situation. In Q3 FY26, the company reported a consolidated net profit of ₹1.05 crore, which represents a significant decline of 74.76% quarter-on-quarter and 54.15% year-on-year. This sharp drop in profitability is concerning, especially as the company also recorded a negative PAT margin of -0.24%.<BR><BR>On the revenue side, net sales increased by 4.01% quarter-on-quarter to ₹140.14 crore, but this is still a decline of 2.58% compared to the same quarter last year. While the slight increase in sales may seem positive, it is overshadowed by the severe drop in profitability and operating margins, which fell to 9.69%, the lowest in recent quarters.<BR><BR>Additionally, the company's reliance on other income to support its profitability is alarming, as it constituted an extraordinary 1,078.05% of profit before tax in Q3 FY26. This indicates that the core operations are essentially unprofitable, raising significant concerns about the sustainability of the business.<BR><BR>Overall, the financial performance reflects deepening challenges for Primo Chemicals, with deteriorating operational metrics and persistent investor concerns. Given these factors, the latest results can be characterized as bad, highlighting the need for a turnaround in the company's financial health.

Should I buy, sell or hold Primo Chemicals Ltd?

Why is Primo Chemicals Ltd falling/rising?

As of 16-Mar, the stock price of Primo Chemicals Ltd is declining at 18.20, down 1.41%. The stock has significantly underperformed over the past year with a return of -24.04%, and recent negative financial results further contribute to its current downward trend.

As of 16-Mar, the stock price of Primo Chemicals Ltd is falling, currently at 18.20, reflecting a change of -0.26 (-1.41%). This decline is part of a broader trend, as the stock has underperformed significantly over the past year, generating a return of -24.04%, while the benchmark Sensex has increased by 2.27% during the same period. <BR><BR>Today's performance indicates that the stock has underperformed its sector by 0.6% and has experienced a trend reversal after two consecutive days of gains. Additionally, while the stock is currently trading above its 5-day moving averages, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a lack of sustained upward momentum.<BR><BR>The company has also reported negative financial results, with a significant drop in profit after tax (PAT) of -58.5% compared to the previous four-quarter average. Furthermore, the inventory turnover ratio is at its lowest, indicating inefficiencies in managing stock levels. Despite some positive indicators, such as rising investor participation and increased promoter confidence, the consistent underperformance against benchmarks over the last three years and the recent negative financial results contribute to the stock's current decline.

Which are the latest news on Primo Chemicals?