Primo Chemicals Adjusts Evaluation Score Amid Mixed Financial Performance Indicators

Primo Chemicals, a microcap player in the commodity chemicals industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical landscape surrounding the stock, which has transitioned from a bearish outlook to a mildly bearish stance.
Key financial metrics indicate that the company has reported a notable operating profit growth of 21.28% for the quarter ending March 2025, contributing to a positive trajectory in its financial performance over the last three consecutive quarters. The latest six-month profit after tax stands at Rs 1.88 crore, while net sales for the quarter reached a peak of Rs 155.42 crore. Additionally, the operating profit to interest ratio is recorded at 4.15 times, showcasing a robust financial position.

Despite these positive indicators, the stock has faced challenges, with a year-to-date return of -30.47% and a one-year return of -33.43%. Over the past five years, the annual growth rate of operating profit has been -36.96%. The company’s return on capital employed (ROCE) is at 3.2, and it trades at a discount compared to its peers' average historical valuations.

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