Primo Chemicals Limited (IN:PRIMO)
:PRIMO
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Primo Chemicals Limited
(PRIMO)
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Rating:70Outperform
Price Target:
₹28.00
▲(18.09% Upside)
Action:N/A
Date:05/08/26
The score is driven by improving financial fundamentals (surging revenue, better net profitability, lower leverage, and stronger free cash flow) and a strong technical backdrop with price above major moving averages and positive momentum indicators. This is tempered by a higher valuation (P/E ~28.8) given still-thin margins and weaker operating margin performance versus the prior year.
Positive Factors
Revenue Growth
A near-doubling of revenue in FY2026 demonstrates durable demand expansion or successful market penetration. Sustained top-line scale can support fixed-cost absorption, enable reinvestment in R&D or distribution, and form the backbone for margin recovery over the next 2–6 months.
Negative Factors
Thin Operating Margins
Operating profitability has materially weakened despite revenue growth, leaving only a thin buffer against cost shocks or raw-material swings. Persistently low EBIT margins constrain retained earnings and limit the company's ability to build durable returns or withstand cyclical pressure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A near-doubling of revenue in FY2026 demonstrates durable demand expansion or successful market penetration. Sustained top-line scale can support fixed-cost absorption, enable reinvestment in R&D or distribution, and form the backbone for margin recovery over the next 2–6 months.
Read all positive factors
Primo Chemicals Limited (PRIMO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.48B
Dividend YieldN/A
Average Volume (3M)114.88K
Price to Earnings (P/E)28.8
Beta (1Y)0.53
Revenue Growth1.10%
EPS Growth395.39%
CountryIN
Employees365
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)0.15
Shares Outstanding242,343,220
10 Day Avg. Volume11,926
30 Day Avg. Volume114,881
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.09
Price to Sales (P/S)0.79
P/FCF Ratio13.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Primo Chemicals Limited Business Overview & Revenue Model
Company Description
Primo Chemicals Limited engages in the manufacture and sale of chemicals in India. The company offers caustic soda lye and flakes; hydrochloric acid; liquid chlorine; aluminium chloride; sodium hypochlorite; hydrogen gas; and stable bleaching powd...
Primo Chemicals Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 2.90B | 5.62B | 5.56B |
| Gross Profit | 1.07B | 1.05B | 995.93M |
| EBITDA | 481.37M | 682.87M | 833.64M |
| Net Income | 37.51M | 153.71M | 35.60M |
Balance Sheet | |||
| Total Assets | 7.34B | 6.92B | 7.41B |
| Cash, Cash Equivalents and Short-Term Investments | 138.79M | 41.04M | 82.46M |
| Total Debt | 1.62B | 1.31B | 1.69B |
| Total Liabilities | 3.35B | 2.86B | 3.50B |
| Stockholders Equity | 3.99B | 4.06B | 3.91B |
Cash Flow | |||
| Free Cash Flow | 164.50M | 327.29M | 242.82M |
| Operating Cash Flow | 504.21M | 587.45M | 644.34M |
| Investing Cash Flow | -303.76M | -194.76M | -446.55M |
| Financing Cash Flow | -194.10M | -384.17M | -90.29M |
Primo Chemicals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹5.48B | 28.83 | ― | ― | 1.10% | 395.39% | |
64 Neutral | ₹9.20B | 19.71 | ― | 0.38% | 7.76% | 28.57% | |
62 Neutral | ₹7.07B | 18.03 | ― | 0.97% | 34.84% | 26.96% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹8.15B | 17.04 | ― | ― | 2.78% | ― | |
46 Neutral | ₹7.59B | -247.22 | ― | 0.34% | -11.76% | 1526.28% | |
43 Neutral | ₹2.46B | -19.09 | ― | 0.38% | -46.16% | -565.67% |
* Basic Materials Sector Average
IN:PRIMO
Primo Chemicals Limited
22.63
-3.19
-12.35%
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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.