PCBL Chemical Limited (IN:PCBL)
:PCBL
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PCBL Chemical Limited
(PCBL)
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Rating:54Neutral
Price Target:
₹295.00
▲(3.36% Upside)
Action:Reiterated
Date:05/02/26
The score is held back primarily by weaker recent financial performance (FY2026 margin compression) and elevated leverage, which increase risk in a cyclical specialty chemicals business. Technicals are modestly supportive in the near term, but valuation is a notable headwind given the high P/E despite a moderate dividend yield.
Positive Factors
Diversified End Markets
PCBL supplies carbon black across multiple durable end-markets (tires, rubber, plastics, coatings, inks). This diversification smooths demand volatility tied to any single end industry, supports more predictable volumes over months, and helps preserve revenue resilience through cycles.
Negative Factors
Elevated Leverage
The markedly higher debt-to-equity versus historical norms increases financial sensitivity to earnings swings in this cyclical specialty chemicals business. Elevated leverage raises interest burden and constrains strategic flexibility, making sustained deleveraging essential to lower refinancing and solvency risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End Markets
PCBL supplies carbon black across multiple durable end-markets (tires, rubber, plastics, coatings, inks). This diversification smooths demand volatility tied to any single end industry, supports more predictable volumes over months, and helps preserve revenue resilience through cycles.
Read all positive factors
PCBL Chemical Limited (PCBL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹105.15B
Dividend Yield1.94%
Average Volume (3M)59.75K
Price to Earnings (P/E)59.3
Beta (1Y)1.55
Revenue Growth-2.56%
EPS Growth-54.89%
CountryIN
Employees1,275
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)9.24
Shares Outstanding393,462,620
10 Day Avg. Volume57,340
30 Day Avg. Volume59,751
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)2.32
Price to Sales (P/S)1.14
P/FCF Ratio22.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹303.00Price Target Upside6.17% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)9.58
Revenue Forecast (FY)₹93.28B
PCBL Chemical Limited Business Overview & Revenue Model
Company Description
PCBL Limited produces, sells, and exports carbon black in India and internationally. The company operates through Carbon Black and Power segments. It offers various carbon black grades for the rubber industry under the Orient Black brand name. The...
How the Company Makes Money
PCBL primarily makes money by manufacturing and selling carbon black products to industrial customers. The largest revenue stream is typically the sale of carbon black used by tire manufacturers (where carbon black improves strength, abrasion resi...
PCBL Chemical Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.75B | 81.89B | 84.04B | 64.20B | 57.74B | 44.46B |
| Gross Profit | 22.55B | 16.34B | 25.38B | 19.11B | 13.88B | 12.80B |
| EBITDA | 11.01B | 10.43B | 12.46B | 9.56B | 6.94B | 6.10B |
| Net Income | 3.49B | 1.98B | 4.35B | 4.91B | 4.42B | 4.26B |
Balance Sheet | ||||||
| Total Assets | 116.86B | 112.95B | 117.22B | 112.95B | 54.33B | 47.85B |
| Cash, Cash Equivalents and Short-Term Investments | 2.99B | 2.88B | 3.83B | 4.16B | 913.20M | 4.84B |
| Total Debt | 52.52B | 49.89B | 55.71B | 49.83B | 10.29B | 7.86B |
| Total Liabilities | 78.02B | 72.75B | 80.13B | 80.45B | 25.94B | 21.62B |
| Stockholders Equity | 38.71B | 40.06B | 36.97B | 32.47B | 28.30B | 26.14B |
Cash Flow | ||||||
| Free Cash Flow | 4.09B | 4.22B | -133.30M | 5.70B | -3.92B | -157.80M |
| Operating Cash Flow | 8.22B | 11.49B | 7.60B | 11.05B | 5.04B | 2.90B |
| Investing Cash Flow | -4.06B | -6.92B | -6.90B | -42.14B | -5.52B | -5.41B |
| Financing Cash Flow | -5.18B | -5.46B | -639.30M | 33.81B | -305.70M | 2.17B |
PCBL Chemical Limited Technical Analysis
Negative
285.40
Price Trends
274.80
Negative
283.48
Negative
322.61
Negative
Market Momentum
-0.64
Positive
43.83
Neutral
10.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PCBL, the sentiment is Negative. The current price of 285.4 is below the 20-day moving average (MA) of 290.49, above the 50-day MA of 274.80, and below the 200-day MA of 322.61, indicating a bearish trend. The MACD of -0.64 indicates Positive momentum. The RSI at 43.83 is Neutral, neither overbought nor oversold. The STOCH value of 10.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PCBL.
PCBL Chemical Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹87.47B | 34.71 | ― | 0.62% | -2.29% | -3.26% | |
67 Neutral | ₹143.05B | 30.94 | ― | 0.48% | -0.95% | 9.51% | |
66 Neutral | ₹57.17B | 18.92 | ― | 0.97% | 2.00% | 7.14% | |
64 Neutral | ₹155.08B | 76.50 | ― | 0.06% | 66.49% | 112.13% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹167.43B | 34.52 | ― | 0.26% | 14.15% | 26.69% | |
54 Neutral | ₹105.15B | 59.30 | ― | 1.94% | -2.56% | -54.89% |
* Basic Materials Sector Average
IN:PCBL
PCBL Chemical Limited
273.55
-112.35
-29.11%
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PCBL Chemical Limited Corporate Events
PCBL Chemical opens special window for transfer and demat of legacy physical shares
Apr 28, 2026
PCBL Chemical Limited has notified the exchanges that, in line with a recent SEBI circular, a special window has been opened for the transfer and dematerialization of physical securities that were sold or purchased before 1 April 2019. The company...
PCBL Chemical Flags GST Penalty Order, Sees No Material Business Impact
Mar 26, 2026
PCBL Chemical Limited has disclosed that the Office of the Assistant Commissioner, State Tax, Bhagwanpur, Haridwar, has issued an order related to the detention of a vehicle in transit, raising a penalty demand of ₹2,55,420 and a fine of ...
PCBL Chemical to Close Trading Window Ahead of FY26 Results
Mar 23, 2026
PCBL Chemical Limited has announced the closure of its trading window for designated persons and their immediate relatives starting 1 April 2026. The restriction will remain in force until 48 hours after the declaration of the audited financial re...
PCBL Chemical Seeks Debenture Holder Nod to Defer Covenant Testing
Mar 9, 2026
PCBL Chemical Limited’s Fund Raising Committee has approved amendments to its existing debenture trust deed dated January 20, 2024, specifically to defer testing of a key financial covenant linked to the ratio of consolidated gross debt to E...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.