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PCBL Chemical Limited
(PCBL)
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Rating:54Neutral
Price Target:
₹329.00
▲(15.28% 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 industrial end-markets (tires, rubber, plastics, coatings, inks). This product diversification and essential role in tire reinforcement create durable demand channels, reducing single-market exposure and supporting revenue resilience over cycles.
Negative Factors
Elevated Leverage
The step-up in leverage to about 1.25 from prior ~0.3–0.37 materially increases sensitivity to earnings volatility and refinancing risk in a cyclical specialty-chemicals business. High debt levels constrain strategic flexibility and magnify the impact of margin or revenue weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End-Markets
PCBL supplies carbon black across multiple industrial end-markets (tires, rubber, plastics, coatings, inks). This product diversification and essential role in tire reinforcement create durable demand channels, reducing single-market exposure and supporting revenue resilience over cycles.
Read all positive factors
PCBL Chemical Limited (PCBL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹116.84B
Dividend Yield1.94%
Average Volume (3M)59.75K
Price to Earnings (P/E)58.6
Beta (1Y)1.68
Revenue Growth-2.56%
EPS Growth-54.89%
CountryIN
Employees1,275
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.19
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)10.09
Revenue Forecast (FY)₹93.28B
PCBL Chemical Limited Business Overview & Revenue Model
Company Description
PCBL Limited, an Indian-based enterprise, is a leading producer, supplier, and exporter of carbon black, serving both domestic and international markets. The company operates through its Carbon Black and Power divisions. For the rubber sector, it ...
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 81.89B | 84.04B | 64.20B | 57.74B | 44.46B |
| Gross Profit | 16.34B | 25.38B | 19.11B | 13.88B | 12.80B |
| EBITDA | 10.57B | 12.46B | 9.56B | 6.94B | 6.10B |
| Net Income | 1.98B | 4.35B | 4.91B | 4.42B | 4.26B |
Balance Sheet | |||||
| Total Assets | 112.95B | 117.22B | 112.95B | 54.33B | 47.85B |
| Cash, Cash Equivalents and Short-Term Investments | 2.88B | 3.83B | 4.16B | 913.20M | 4.84B |
| Total Debt | 49.89B | 55.71B | 49.83B | 10.29B | 7.86B |
| Total Liabilities | 72.75B | 80.13B | 80.45B | 25.94B | 21.62B |
| Stockholders Equity | 40.06B | 36.97B | 32.47B | 28.30B | 26.14B |
Cash Flow | |||||
| Free Cash Flow | 4.22B | -133.30M | 5.70B | -3.92B | -157.80M |
| Operating Cash Flow | 11.49B | 7.60B | 11.05B | 5.04B | 2.90B |
| Investing Cash Flow | -6.92B | -6.90B | -42.14B | -5.52B | -5.41B |
| Financing Cash Flow | -5.46B | -639.30M | 33.81B | -305.70M | 2.17B |
PCBL Chemical Limited Technical Analysis
Negative
285.40
Price Trends
298.10
Positive
288.76
Positive
309.00
Negative
Market Momentum
4.63
Positive
48.51
Neutral
20.01
Neutral
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 309.68, below the 50-day MA of 298.10, and below the 200-day MA of 309.00, indicating a neutral trend. The MACD of 4.63 indicates Positive momentum. The RSI at 48.51 is Neutral, neither overbought nor oversold. The STOCH value of 20.01 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹94.79B | 55.53 | ― | 0.62% | -2.29% | -3.26% | |
67 Neutral | ₹135.48B | 30.69 | ― | 0.48% | -0.95% | 9.51% | |
63 Neutral | ₹71.13B | 45.57 | ― | 0.97% | 2.00% | 6.14% | |
57 Neutral | ₹142.70B | 84.02 | ― | 0.06% | 64.44% | 77.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹116.84B | 58.57 | ― | 1.94% | -2.56% | -54.89% | |
45 Neutral | ₹168.89B | 40.45 | ― | 0.26% | 14.15% | 26.69% |
* General Sector Average
IN:PCBL
PCBL Chemical Limited
303.95
-123.36
-28.87%
IN:AARTIIND
AARTI Industries Ltd
467.65
20.54
4.59%
IN:ALKYLAMINE
Alkyl Amines Chemicals Limited
1,955.85
-341.84
-14.88%
IN:ANURAS
Anupam Rasayan India Ltd.
1,265.65
122.05
10.67%
IN:BALAMINES
Balaji Amines Limited
2,367.05
510.37
27.49%
IN:VINATIORGA
Vinati Organics Limited
1,313.25
-643.27
-32.88%
PCBL Chemical Limited Corporate Events
Saregama Declares No Shareholding or Encumbrance in PCBL Chemical for FY 2025-26
Jun 5, 2026
Saregama India Limited, a promoter group entity of PCBL Chemical Limited, has informed the Indian stock exchanges that it held no shares in PCBL Chemical as of March 31, 2026. The company further confirmed that it did not create any encumbrance, d...
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...
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.