Primo Chemicals

Why is Primo Chemicals Ltd falling/rising?

As of 21-Jul, the stock price of Primo Chemicals Ltd is currently at 23.02, reflecting a decline of 1.5%. Despite a year-to-date performance better than the Sensex, the stock has significantly underperformed over the past year and three years, indicating ongoing weakness.

As of 21-Jul, the stock price of Primo Chemicals Ltd is falling, currently at 23.02, which reflects a decrease of 0.35 or 1.5%. This decline is evident in the stock's performance over various periods, where it has underperformed against the benchmark Sensex. For instance, over the past week, the stock has dropped by 4.04%, while the Sensex has gained 0.54%. Similarly, in the past month, Primo Chemicals Ltd has seen a decrease of 4.68%, contrasting with the Sensex's increase of 0.87%.<BR><BR>Year-to-date, the stock is down 3.88%, while the Sensex has decreased by 9.09%, indicating that the stock is performing relatively better than the broader market. However, over the longer term, the stock has significantly underperformed, with a 12.37% decline over the past year and a staggering 65.32% drop over the past three years, compared to a 16.17% increase in the Sensex during the same period.<BR><BR>Today's performance also shows that the stock has underperformed its sector by 1.04%. Although the stock is trading higher than its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, suggesting a short-term weakness. Despite a rise in investor participation, with delivery volume increasing by 55.54% against the 5-day average, the overall trend indicates a decline in stock price. Thus, the combination of recent underperformance, relative weakness compared to benchmarks, and the current price movement contributes to the falling stock price of Primo Chemicals Ltd.

Which are the latest news on Primo Chemicals?

Should I buy, sell or hold Primo Chemicals Ltd?

How big is Primo Chemicals?

As of 10th June, Primo Chemicals Ltd has a market capitalization of 591.00 Cr and reported net sales of 561.68 Cr and a net profit of 15.36 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Primo Chemicals Ltd has a market capitalization of 591.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 561.68 Cr, while the sum of Net Profit for the same period is 15.36 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 390.71 Cr and Total Assets valued at 740.54 Cr.

Who are in the management team of Primo Chemicals?

The management team of Primo Chemicals includes Naveen Chopra (Managing Director), Sugandha Kukreja (Company Secretary), Sukhbir Singh Dahiya (Chairman), and several directors, including independent members. They oversee the company's operations and strategic direction.

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>This team is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Primo Chemicals?

Primo Chemicals' peers include Sadhana Nitro, Blue Pearl Agri, Tuticorin Alkali, OCCL, Chemfab Alka, Vikram Thermo, Transpek Inds., POCL Enterprises, and Andhra Petrochem. In terms of performance, OCCL leads with an 8.60% 1-year return, while Primo Chemicals has a return of -5.99%.

Peers: The peers of Primo Chemicals are Sadhana Nitro, Blue Pearl Agri, Tuticorin Alkali, OCCL, Chemfab Alka., Vikram Thermo, Transpek Inds., POCL Enterprises, and Andhra Petrochem.<BR><BR>Quality Snapshot: Excellent management risk is observed at Tuticorin Alkali and OCCL, while Average management risk is found at Sadhana Nitro, Blue Pearl Agri, Chemfab Alka., Vikram Thermo, Transpek Inds., POCL Enterprises, and Andhra Petrochem, and the rest. Growth is Excellent at OCCL and POCL Enterprises, Good at Tuticorin Alkali, Average at Blue Pearl Agri, while Below Average growth is noted for Sadhana Nitro, Chemfab Alka., Vikram Thermo, Primo Chemicals, Transpek Inds., and Andhra Petrochem, and the rest. Capital Structure is Excellent at Tuticorin Alkali, OCCL, and Chemfab Alka., Good at Blue Pearl Agri and Transpek Inds., Average at Primo Chemicals, while Below Average is seen at Sadhana Nitro, Vikram Thermo, POCL Enterprises, and Andhra Petrochem, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is OCCL at 8.60%, while the lowest is Sadhana Nitro at -86.72%. Primo Chemicals has a 1-year return of -5.99%, which is better than Sadhana Nitro but worse than OCCL. Additionally, the peers with negative six-month returns include Sadhana Nitro, Blue Pearl Agri, Chemfab Alka., Transpek Inds., and POCL Enterprises.

What does Primo Chemicals do?

Primo Chemicals Ltd, the largest Caustic Soda producer in Northern India, operates in the Commodity Chemicals industry and reported net sales of 145 Cr and a net profit of 6 Cr for the quarter ending March 2026. The company, formerly known as Punjab Alkalies and Chemicals Limited, has a market cap of INR 591 Cr.

Overview: <BR>Primo Chemicals Ltd is the largest producer of Caustic Soda in Northern India, operating in the Commodity Chemicals industry within the Micro Cap market segment.<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 most recent quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 145 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 6 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 591 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 38.00 <BR>Industry P/E: 42 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.31 <BR>Return on Equity: 3.83% <BR>Price to Book: 1.48 <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

Are Primo Chemicals Ltd latest results good or bad?

Primo Chemicals Ltd's latest results show a significant sequential profit increase, with a net profit of ₹6.07 crore for Q4 FY26, up 478.10% from the previous quarter. However, year-on-year sales declined by 6.79%, and the reliance on other income raises concerns about the sustainability of profitability, indicating mixed overall performance.

Primo Chemicals Ltd's latest results present a mixed picture. On one hand, the company reported a consolidated net profit of ₹6.07 crore for Q4 FY26, which is a remarkable 478.10% increase compared to the previous quarter. This indicates a significant recovery from a loss of ₹0.34 crore in the prior quarter. Additionally, net sales showed a sequential growth of 3.37%, reaching ₹144.86 crore.<BR><BR>However, when looking at year-on-year performance, the situation is less favorable. Net sales declined by 6.79% compared to the same quarter last year, and the operating margin, excluding other income, decreased by 231 basis points to 13.13%. This reflects ongoing challenges in the commodity chemicals sector, including pricing pressures and demand fluctuations.<BR><BR>Moreover, a concerning aspect of the results is the heavy reliance on other income, which constituted 72.34% of profit before tax. This raises questions about the sustainability of the reported profitability, as core operations generated only ₹2.16 crore in profit before tax.<BR><BR>Overall, while the quarterly results show some positive trends, the underlying issues regarding revenue decline, margin compression, and earnings quality suggest that the company is still navigating significant challenges. Therefore, the results can be characterized as good in terms of sequential recovery, but bad when considering the year-on-year performance and the quality of earnings.

When is the next results date for Primo Chemicals Ltd?

The next results date for Primo Chemicals Ltd is 05 May 2026.

The next results date for Primo Chemicals Ltd is scheduled for 05 May 2026.

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.

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.

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.

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.

Has Primo Chemicals declared dividend?

No Dividend History Available