PCBL Chemical Limited (PCBL) AI Stock Analysis

• Market Cap: ₹118.28B
• Dividend Yield: 1.91%
• Average Volume (3M): 59.75K
• Price to Earnings (P/E): 33.9
• Beta (1Y): 1.46
• Revenue Growth: 6.12%
• EPS Growth: -30.31%
• Country: IN
• Employees: 1,275
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 1.60
• Shares Outstanding: 377,462,620
• 10 Day Avg. Volume: 57,340
• 30 Day Avg. Volume: 59,751
• PEG Ratio: -3.20
• Price to Book (P/B): 4.34
• Price to Sales (P/S): 1.91
• P/FCF Ratio: -1.20K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹352.00 ▲(12.33% Upside)

PCBL Chemical Limited's overall score is driven by strong financial performance, despite some risks related to leverage and cash flow management. Technical analysis indicates bearish momentum, and valuation metrics suggest the stock is relatively expensive. These factors collectively result in a moderate overall score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for PCBL's products and effective market strategies, supporting long-term business expansion.

Operational Efficiency

Sustained operational efficiency reflects the company's ability to manage costs and optimize production, enhancing profitability over time.

Market Position

Economies of scale strengthen PCBL's market position by enabling competitive pricing, which can lead to increased market share and customer loyalty.

Negative Factors

High Leverage

High leverage can increase financial risk, potentially affecting the company's ability to invest in growth opportunities and manage economic downturns.

Net Profit Margin Decline

A declining net profit margin may indicate rising costs or pricing pressures, which can impact long-term profitability if not addressed.

Cash Flow Challenges

Negative free cash flow indicates potential liquidity issues, which could constrain the company's ability to fund operations and growth initiatives.

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 company also manufactures specialty blacks for non-rubber applications, such as food contact plastics, fibers, wire and cables, films, engineering plastics, adhesives and sealants, pressure pipes, drip irrigation pipe systems, printing inks, paints/coatings, batteries, and fertilizers under the Royale Black brand name. In addition, it generates and distributes electricity from the tail gas recovered from carbon black production. The company has a total of 84 MW of power generation capacity. It sells its carbon black through local distributors and channel partners. The company was formerly known as Phillips Carbon Black Limited and changed its name to PCBL Limited in December 2021. The company was incorporated in 1960 and is based in Kolkata, India. PCBL Limited is a subsidiary of Rainbow Investments Limited.

How the Company Makes Money

PCBL generates revenue primarily through the sale of its carbon black products, which account for a significant portion of its earnings. The company has established long-term relationships with major tire manufacturers and other industries that rely heavily on carbon black for their products. In addition to carbon black, PCBL also offers specialty chemicals that cater to niche markets, further diversifying its revenue streams. The company benefits from economies of scale in production, allowing it to maintain competitive pricing while optimizing margins. Strategic partnerships and collaborations with key players in the rubber and automotive sectors also enhance its market presence and contribute to consistent revenue growth.

PCBL Chemical Limited Financial Statement Overview

Summary

PCBL Chemical Limited demonstrates strong revenue growth and operational efficiency, with robust gross profit and EBIT margins. However, a significant decline in net profit margin and high leverage highlight potential financial risks. The balance sheet is stable, yet the high debt-to-equity ratio warrants cautious monitoring. Cash flow management poses challenges with declining free cash flow, necessitating strategic adjustments to sustain long-term financial health.

Income Statement

PCBL Chemical Limited has demonstrated impressive revenue growth with a 30.89% increase from 2024 to 2025 and consistent growth over recent years. Gross profit margins have been strong, maintaining a high level at 30.88% in 2025. However, net profit margin has shown some volatility, decreasing to 5.17% in 2025 from 7.65% in 2024, which may indicate rising costs or pricing pressures. EBIT and EBITDA margins remain healthy, suggesting operational efficiency.

Balance Sheet

The company's equity ratio of 31.54% indicates a balanced capital structure, but a debt-to-equity ratio of 1.51 highlights significant leverage, which could pose a risk if not managed carefully. Return on equity is relatively low at 11.75%, reflecting moderate profitability relative to shareholder investment. Overall, the balance sheet shows stability but with potential risk from high leverage.

Cash Flow

PCBL Chemical's cash flow performance is mixed, with a decline in free cash flow from 2024 to 2025. The operating cash flow to net income ratio is robust at 1.75, indicating strong cash generation relative to net income. However, the negative free cash flow in 2025 suggests potential challenges in covering capital expenditures, signaling a need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	83.75B	84.04B	64.20B	57.74B	44.46B	26.60B
Gross Profit	25.03B	25.38B	19.11B	13.88B	12.80B	10.28B
EBITDA	11.86B	12.46B	9.56B	6.94B	6.10B	4.91B
Net Income	4.11B	4.35B	4.91B	4.42B	4.26B	3.14B
Balance Sheet
Total Assets	0.00	117.22B	112.95B	54.33B	47.85B	37.26B
Cash, Cash Equivalents and Short-Term Investments	3.89B	3.83B	4.16B	913.20M	4.84B	2.59B
Total Debt	0.00	55.71B	49.83B	10.29B	7.86B	7.24B
Total Liabilities	-37.09B	80.13B	80.45B	25.94B	21.62B	17.83B
Stockholders Equity	37.09B	36.97B	32.47B	28.30B	26.14B	19.35B
Cash Flow
Free Cash Flow	0.00	-133.30M	5.70B	-3.92B	-157.80M	2.70B
Operating Cash Flow	0.00	7.60B	11.05B	5.04B	2.90B	3.85B
Investing Cash Flow	0.00	-6.90B	-42.14B	-5.52B	-5.41B	-2.03B
Financing Cash Flow	0.00	-639.30M	33.81B	-305.70M	2.17B	-1.80B

PCBL Chemical Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 313.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 313.35 is below the 20-day moving average (MA) of 323.65, below the 50-day MA of 347.77, and below the 200-day MA of 378.93, indicating a bearish trend. The MACD of -10.77 indicates Negative momentum. The RSI at 32.08 is Neutral, neither overbought nor oversold. The STOCH value of 27.48 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GSFC	68 Neutral	₹68.60B	10.27	―	2.90%	15.25%	26.49%
AARTIIND	62 Neutral	₹129.36B	44.45	―	0.28%	8.26%	-34.62%
PARADEEP	62 Neutral	₹127.51B	13.90	―	0.64%	64.80%	151.92%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ALKYLAMINE	61 Neutral	₹81.70B	44.85	―	0.63%	3.95%	8.28%
PCBL	60 Neutral	₹118.28B	33.91	―	1.91%	6.12%	-30.31%
RALLIS	56 Neutral	₹51.25B	29.12	―	0.95%	0.91%	18.12%

PCBL Chemical Limited Corporate Events

PCBL Chemical Limited Receives Tax Appellate Authority Order

PCBL Chemical Limited has announced a recent decision by the State Tax Appellate Authority, which imposed a general penalty of Rs. 10,000 under the Goods and Services Tax Act 2017, while waiving a tax liability of Rs. 1,77,171. The company has assessed that this order will not have a material impact on its financial, operational, or other activities.

PCBL Chemical Limited Releases Q2 FY’26 Earnings Call Transcript

PCBL Chemical Limited announced the release of the transcript for its Q2 FY’26 earnings conference call, which took place on October 17, 2025. The transcript provides insights into the company’s financial performance for the quarter and half-year ending September 30, 2025, and is available on their website. This announcement is significant for stakeholders as it offers transparency into the company’s operations and financial health, potentially impacting investor confidence and market perception.

PCBL Chemical Limited Receives Revised Tax Order with Reduced Liability

PCBL Chemical Limited, a company listed on the National Stock Exchange of India and BSE Ltd., has received a revised tax order from the Additional Commissioner of Appeals II, Hyderabad. The order, which follows an appeal by the company, reduces the original tax demand from Rs. 27,94,167 to Rs. 2,35,741, providing partial relief. The company states that this order will not have a material impact on its financial or operational activities.

PCBL Chemical Limited Prepares for Investor Presentation

PCBL Chemical Limited announced an upcoming presentation at the Investors’ Conference on September 8, 2025, as part of its ongoing communication with stakeholders. This presentation is part of the company’s compliance with SEBI regulations, reflecting its commitment to transparency and investor engagement.