The shares of the small-cap company, which specializes in specialty chemicals and carbon black, a key ingredient in the manufacturing of rubber, synthetic rubber, motor vehicle tires, and products used in the printing and paint industries, are in focus after management announced its aim to achieve ₹16,000 crore in revenue by FY2030.
With a market capitalization of Rs. 14,913.55 Crores on Thursday, the shares of PCBL Chemical Ltd rose by 2.2 percent after making a high of Rs. 397.00 compared to its previous closing price of Rs. 388.40.
PCBL Chemical Ltd at a Glance
PCBL Chemical Limited, formerly known as Phillips Carbon Black Limited, is a key part of the RP-Sanjiv Goenka Group. Founded in 1960 and headquartered in Kolkata, the company operates five state-of-the-art manufacturing plants across West Bengal, Gujarat, Kerala, and Tamil Nadu.
PCBL Chemical is a global leader in specialty chemicals, ranking as the 6th largest carbon black producer and 4th largest specialty black manufacturer worldwide. With a capacity of 790 KT across five plants, the company offers over 110 grades for tyre, performance, and specialty applications, aiming to reach 1 million MTPA by FY28.
It is also one of India’s top three phosphate producers with a 142 KT capacity in specialty chemicals, serving over 265 customers across diverse industries while focusing on greener chemistries. Additionally, PCBL is the first company globally to develop advanced battery materials, including super-conductive carbons, nano-silicon, and acetylene black, positioning itself at the forefront of next-generation battery technology.
Guidance of PCBL Chemical Ltd
According to the company’s recent conference call update, PCBL Chemical Ltd has provided strong guidance for FY30. It aims to nearly double its revenue from Rs 8,404 crore in FY25 to Rs 16,000 crore by FY30, with speciality chemicals expected to contribute 45% of the total topline. The company sees battery chemicals as a key growth engine, focusing on building an integrated ecosystem involving nano silicon, acetylene black, and super-conductive grades.
The company plans to increase its production capacity by 50% across all product lines over the next five years. This expansion will be driven by a combination of brownfield projects in Tamil Nadu and greenfield projects in Andhra Pradesh, alongside augmenting its specialty black capacity.
Additionally, it is investing in next-generation chemistries such as super-conductive carbons, green chelates, and biodegradable polymers, with a nano-silicon pilot plant scheduled for commissioning by FY27.
The companies’ exports have been a strong growth area for PCBL, with volumes tripling over the past decade and a presence in 70 countries worldwide. The company operates nine manufacturing units and four R&D centers, serving diverse sectors including tyres, automotive, batteries, home care, oil and gas, and water solutions.
Financials & Others
The company’s revenue declined by 1.38 percent from Rs. 2,144 crore to Rs. 2,114 crore in Q1FY25-26. Meanwhile, the Net profit declined from Rs. 118 crore to Rs. 94 crore during the same period.
PCBL Chemical Ltd is a major supplier to the global tire industry and technical rubber goods producers, exporting to numerous countries. Its product portfolio includes various grades of carbon black for tires, technical rubber, plastics, inks, and specialty chemicals used in several industries such as textiles, detergents, water treatment, oil and gas, and agri-chemicals.
It has built strong and long-standing relationships with marquee clients across multiple geographies and industries. The company enjoys high customer retention and repeat business across its product lines, serving well-known names in automotive, chemicals, tyres, and other sectors, including MRF, CEAT, P&G, BASF, Bridgestone, Michelin, Goodyear, Yokohama, and Unilever, among others.
Written by Sridhar J
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