542012
A-1 financials
- Market cap
- ₹289 Cr
- Sector
- Chemicals
What A-1 does
A-1 Limited (formerly A-1 Acid Limited) is an Ahmedabad, Gujarat-based company engaged in the wholesale trading of industrial acids and chemicals, classified under the chemical industry. It operates a plant and attached facilities as part of its operations. The company holds a stake in one associate company, A-1 Sureja Industries.
Segments
- Wholesale trading of acids and chemicals
- Associate companies
- 1 (A-1 Sureja Industries)
- Operational facility
- Operates a plant and attached facilities
- Export / foreign operations
- None (domestic-only; nil foreign exchange earnings or outgo, FY25)
Quarterly results
Q1 FY27: revenue up 170.5%, net profit up 426.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78 | 74 | 110 | 65 | 63 −19% | 70 −6% | 145 +33% | 175 +171% |
| EBITDA | 3 | 3 | 2 | 2 | 1 −52% | 2 −29% | 7 +192% | 6 +220% |
| Net profit | 1 | 1 | 1 | 1 | 0 −93% | 1 −4% | 4 +419% | 3 +427% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −99.3% 1Y
1Y: ₹905.75 on 10 Sept 2025 → ₹6.28. High ₹2,816.55 (28 Nov 2025), low ₹4.68 (14 Aug 2026).
Financials, as filed
Revenue grew 1.2% a year over 3 years, FY23 to FY26. Operating margin widened to 3.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹331 Cr | ₹209 Cr | ₹332 Cr | ₹343 Cr |
| Operating profit | ₹4 Cr | ₹3 Cr | ₹10 Cr | ₹12 Cr |
| Operating margin | 1.3% | 1.5% | 2.9% | 3.5% |
| Interest | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹3 Cr |
| Net profit | ₹4 Cr | ₹1 Cr | ₹4 Cr | ₹6 Cr |
| Net margin | 1.1% | 0.5% | 1.1% | 1.7% |
| Cash from operations | ₹19 Cr | ₹11 Cr | ₹-11 Cr | ₹-16 Cr |
| Free cash flow | ₹16 Cr | ₹11 Cr | ₹-12 Cr | ₹-19 Cr |
| ROCE | 10.0% | 4.0% | 10.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹46 Cr |
| Reserves | ₹30 Cr | ₹35 Cr | ₹37 Cr | ₹36 Cr | ₹37 Cr | ₹8 Cr |
| Borrowings | ₹17 Cr | ₹26 Cr | ₹14 Cr | ₹11 Cr | ₹17 Cr | ₹42 Cr |
| Other liabilities | ₹4 Cr | ₹7 Cr | ₹5 Cr | ₹3 Cr | ₹3 Cr | ₹10 Cr |
| Total liabilities | ₹61 Cr | ₹80 Cr | ₹68 Cr | ₹61 Cr | ₹68 Cr | ₹105 Cr |
| Fixed assets | ₹14 Cr | ₹17 Cr | ₹16 Cr | ₹13 Cr | ₹10 Cr | ₹11 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹2 Cr | ₹3 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Other assets | ₹47 Cr | ₹60 Cr | ₹48 Cr | ₹43 Cr | ₹52 Cr | ₹89 Cr |
| Total assets | ₹61 Cr | ₹80 Cr | ₹68 Cr | ₹61 Cr | ₹68 Cr | ₹105 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +3.30 pp while FIIs trimmed −3.29 pp. The shareholder count grew 2158% to 40,682.
- Promoters
- 70.0%
- FIIs
- 2.5%
- Public
- 27.5%
Since Jun 2025
- Public +3.30 pp
- FIIs −3.29 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 70.0%, FIIs 2.9%, Public 27.1%.Dec '23: Promoters 70.0%, FIIs 2.9%, Public 27.1%.Mar '24: Promoters 70.0%, FIIs 2.9%, Public 27.1%.Jun '24: Promoters 70.0%, FIIs 2.9%, Public 27.1%.Sep '24: Promoters 70.0%, FIIs 2.9%, Public 27.1%.Dec '24: Promoters 70.0%, FIIs 2.9%, Public 27.1%.Mar '25: Promoters 70.0%, FIIs 2.9%, Public 27.0%.Jun '25: Promoters 70.0%, FIIs 5.8%, Public 24.2%.Sep '25: Promoters 70.0%, FIIs 6.0%, Public 23.9%.Dec '25: Promoters 70.0%, FIIs 6.7%, DIIs 0.1%, Public 23.2%.Mar '26: Promoters 70.0%, FIIs 6.3%, Public 23.7%.Jun '26: Promoters 70.0%, FIIs 2.5%, Public 27.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of A-1 above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Harshadkumar Naranbhai Patel | 35.00% | unchanged |
| Jitendra Naranbhai Patel | 27.30% | unchanged |
| Utkarsh H Patel | 7.70% | unchanged |
| Vijay Kumar Bhandari Huf | 2.94% | unchanged |
| Krishna Utkarsh Patel | 0.01% | unchanged |
| Ritaben Harshadbhai Patel | 0.00% | unchanged |
| Patel Binduben Jitendra | 0.00% | unchanged |
| Helly Harshadkumar Patel | 0.00% | unchanged |
| Keta Jitendra Patel | 0.00% | unchanged |
| Unico Global Opportunities Fund Limited FPI fund | — | off the list |
| Zeta Global Funds (Oeic) Pcc Limited-Zeta Series B Fund Pc | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse A-1
Guides on how to read this kind of business and the numbers that matter.