PRIMOCommodities

Primo Chemicals Limited

Commodity Chemicals · ISIN INE607A01022 · BSE 506852 · NSE EQ · FV ₹2
Last price
₹21
-0.33%today
What this company does

Primo Chemicals Limited operates in Commodity Chemicals, part of the Commodities sector. It booked ₹140 cr of revenue in its latest quarter (Q1 FY27) and kept 3.3% of sales as profit.

In the report:
48out of 100
Equitytale Health Score
Mixed

Healthier than 48% of companies in Commodities, on the 5 of 6 measures we could read for it. Each measure is ranked against the 141–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns33

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality81

Whether reported profit actually arrives as cash

Valuation34

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 15% vs last year
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.3% net margin
! Low 4.6% return on equity

What if I invest in PRIMO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹21 -0.33%
latest close · 2026-09-17
52-wk low ₹1942 sessions so far52-wk high ₹27
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio28.0Average
LowAverageHigh
P/B ratio1.27Moderate
Below bookModerateHigh
EV / EBITDA6.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.6%Weak
WeakFairStrong ▸15%
Return on capital10.1%Fair
WeakFairStrong
Net margin3.3%Thin
ThinDecentStrong
EBITDA margin18.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover3.4×Okay
RiskyOkayStrong ▸5×
Current ratio0.56Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹516 cr
Book value
₹17
EPS
₹0.19
latest quarter
Net debt
₹130 cr
owes more than its cash
Enterprise value
₹645 cr
EBITDA
₹104 cr
annualised
EBIT
₹50 cr
annualised
Operating margin
8.9%
Return on assets
2.7%
Earnings yield
3.57%
P/S
0.92
Sales / share
₹23.2
Tax rate
58.9%
Face value
₹2
Shares
24.2 cr
Working capital
₹-86 cr
Current assets
₹108 cr
Current liabilities
₹194 cr
Delivery %
54.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹7₹7, midpoint ₹7

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹140 cr
Other Income₹5 cr
Total Income₹146 cr
Cost of Materials₹83 cr
Purchases of Stock-in-Trade₹0.34 L
Inventory Change (±)₹2 cr
Employee Benefit Expense₹12 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹13 cr
Other Expenses₹23 cr
Total Expenses₹137 cr
Profit before Tax₹9 cr
Tax Expense₹5 cr
Share of JV / Associates₹1 cr
Net Profit₹5 cr
Net margin on total income3.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹85 cr58.0%
Employee benefit expense₹12 cr8.0%
Finance costs₹4 cr2.5%
Depreciation & amortisation₹13 cr9.2%
Other expenses₹23 cr15.5%
Tax expense₹5 cr3.6%
Profit for the period₹5 cr3.2%
Total income ₹146 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue140 cr145 cr140 cr
Total income145 cr151 cr146 cr
Expenses144 cr143 cr137 cr
Profit before tax20.8 L8 cr9 cr
Tax54.8 L3 cr5 cr
Net profit (owners' share)1 cr6 cr5 cr
Net margin (owners' share, on revenue)0.8%4.2%3.3%
EPS (₹)0.040.250.19
YoY (latest quarter): total income -1.2% · net profit +14.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹692 cr
Shareholder equity
₹406 cr
parent shareholders
Total debt
₹131 cr
Cash
₹1 cr
Cash flow · H1 FY26
Operating
₹25 cr
Investing
₹-13 cr
Financing
₹-11 cr
Peer comparison
Commodity Chemicals · by market value
CompanyPriceMarket capP/E
SRF Limited₹2,536₹75,172 cr24.8
Tata Chemicals Limited₹779₹69,788 cr
Deepak Fertilizers and Petrochemicals Corporation Limited₹1,325₹16,722 cr8.5
Gujarat Narmada Valley Fertilizers and Chemicals Limited₹585₹8,597 cr6.9
Gujarat Alkalies and Chemicals Limited₹674₹4,948 cr22.5
GHCL Limited₹420₹3,862 cr8.6
J.G.Chemicals Limited₹588₹2,305 cr23.0
Thirumalai Chemicals Limited₹156₹1,876 cr
IG Petrochemicals Limited₹555₹1,708 cr6.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.2/-27 Jan 2022
Who owns it · 2026-06-30
No pledge
Promoter
32.4%
FII / Foreign
0.3%
DII / Domestic
1.9%
Retail / others
65.4%
Promoter stake up 1.0% over the last 6 quarters.
Smart-money activity
Insider trades
BoughtFlowtech Industrial Projects Private Limited · Promoters25.25 L · ₹6.5 cr28 Nov 25
SoldNaveen Chopra · Key Managerial Personnel25.00 L · ₹6.4 cr28 Nov 25
Stake changes
SoldNaveen Chopra→ 16.51% · 25.00 L28 Nov 25
BoughtFlowtech industrial Projects Pvt. Ltd. · promoter→ 5.01% · 25.25 L28 Nov 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 12 Feb 2026
See the official result
1
Appointment of Ms. Dipti Jain (DIN: 10685596) as Woman Director (Non-Executive Independent) on the Board of Directors of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
8.24 cr votes for, 6,800 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 32.4% between them · as of 2026-06-30
Sukhbir Singh Dahiya10.43%
Jagbir Singh Ahlawat6.40%
Flowtech Industrial Projects Private Limited5.01%
Parerna Ahlawat4.57%
Jatin Dahiya2.26%
Dayawati Dahiya1.47%
Himalaya Alkalies & Chemicals Limited1.07%
Tara Mercantile Private Limited0.73%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.