CHEMBOND
Chembond Material Technologies financials
- Market cap
- ₹292 Cr
- Sector
- Chemicals
What Chembond Material Technologies Limited does
Chembond Material Technologies manufactures specialty chemicals for the automotive, steel/general-engineering and industrial sectors -- automotive sealants (including paint-shop sealants and butyl tapes), metal treatment chemicals (phosphating, anodizing, protective and floor coatings) and engineering/structural adhesives. Through its subsidiary Chembond Biosciences Limited, the group also makes animal-health and industrial-biotech products -- probiotics, prebiotics & enzymes, biosecurity/farm-management solutions, feed additives and vitamin & mineral premixes -- sold into the poultry, dairy and aquaculture segments. The company operates four manufacturing plants in Maharashtra and exports select products (e.g., tack cloths, steel-treatment chemicals) to markets including Africa.
Segments
- Material Technologies
- Biosciences
- Manufacturing plants
- 4 (Alandi-Pune, Mahape, Rabale, Tarapur -- Maharashtra)
- Business segments
- 2 (Material Technologies; Biosciences)
- Subsidiaries
- 1 (Chembond Biosciences Limited)
- Quality/EHS certifications
- ISO 9001, ISO 14001, ISO 45001
- Years in operation
- 50 years (founded 1975)
- Export presence
- Steel-treatment chemicals and tack cloths exported to Africa and other international markets
Quarterly results
Q1 FY27: revenue up 25.6%, net profit up 43.6% 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 | 50 | 53 | 52 | 58 | 58 +16% | 63 +19% | 72 +37% | 72 +26% |
| EBITDA | 3 | 4 | 4 | 3 | 4 +45% | 4 +10% | 6 +79% | 3 −14% |
| Net profit | 6 | 3 | 3 | 4 | 4 −39% | 2 −51% | 3 +4% | 6 +44% |
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 +19.9% 1Y
1Y: ₹181.01 on 10 Sept 2025 → ₹217.12. High ₹225.82 (10 Sept 2026), low ₹106.72 (30 Mar 2026).
Financials, as filed
Revenue fell 17.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 7.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹440 Cr | ₹387 Cr | ₹201 Cr | ₹250 Cr |
| Operating profit | ₹35 Cr | ₹41 Cr | ₹14 Cr | ₹18 Cr |
| Operating margin | 7.9% | 10.5% | 6.8% | 7.2% |
| Interest | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹5 Cr | ₹5 Cr | ₹3 Cr | ₹4 Cr |
| Net profit | ₹25 Cr | ₹39 Cr | ₹18 Cr | ₹13 Cr |
| Net margin | 5.6% | 10.1% | 8.7% | 5.2% |
| Cash from operations | ₹1 Cr | ₹94 Cr | ₹19 Cr | ₹15 Cr |
| Free cash flow | ₹-12 Cr | ₹90 Cr | ₹16 Cr | ₹-5 Cr |
| ROCE | 10.0% | 5.0% | 12.0% | 11.0% |
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 | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹286 Cr | ₹297 Cr | ₹315 Cr | ₹137 Cr | ₹155 Cr | ₹160 Cr |
| Borrowings | ₹2 Cr | ₹2 Cr | ₹7 Cr | ₹7 Cr | ₹6 Cr | ₹4 Cr |
| Other liabilities | ₹59 Cr | ₹56 Cr | ₹74 Cr | ₹41 Cr | ₹44 Cr | ₹48 Cr |
| Total liabilities | ₹354 Cr | ₹361 Cr | ₹402 Cr | ₹191 Cr | ₹211 Cr | ₹219 Cr |
| Fixed assets | ₹122 Cr | ₹121 Cr | ₹116 Cr | ₹26 Cr | ₹41 Cr | ₹41 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹12 Cr | ₹13 Cr | ₹1 Cr | ₹2 Cr |
| Investments | ₹73 Cr | ₹75 Cr | ₹65 Cr | ₹65 Cr | ₹68 Cr | ₹70 Cr |
| Other assets | ₹160 Cr | ₹165 Cr | ₹208 Cr | ₹87 Cr | ₹101 Cr | ₹107 Cr |
| Total assets | ₹354 Cr | ₹361 Cr | ₹402 Cr | ₹191 Cr | ₹211 Cr | ₹219 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 trimmed −0.92 pp while DIIs added +0.49 pp. The shareholder count shrank 15% to 11,458.
- Promoters
- 68.1%
- FIIs
- 0.6%
- DIIs
- 1.6%
- Public
- 29.7%
Since Jun 2025
- Public −0.92 pp
- DIIs +0.49 pp
- Promoters +0.46 pp
How it drifted, 12 quarters
Over this window the public fell from 31.2% to 29.7% — −1.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 67.5%, FIIs 0.6%, DIIs 0.7%, Public 31.2%.Dec '23: Promoters 67.5%, FIIs 1.1%, DIIs 1.0%, Public 30.4%.Mar '24: Promoters 67.5%, FIIs 0.9%, DIIs 1.2%, Public 30.3%.Jun '24: Promoters 67.6%, FIIs 0.7%, DIIs 1.2%, Public 30.6%.Sep '24: Promoters 67.6%, FIIs 0.7%, DIIs 1.2%, Public 30.5%.Dec '24: Promoters 67.6%, FIIs 0.8%, DIIs 1.3%, Public 30.3%.Mar '25: Promoters 67.7%, FIIs 0.6%, DIIs 1.3%, Public 30.4%.Jun '25: Promoters 67.7%, FIIs 0.6%, DIIs 1.1%, Public 30.6%.Sep '25: Promoters 67.7%, FIIs 0.6%, DIIs 0.7%, Public 31.0%.Dec '25: Promoters 67.7%, FIIs 0.6%, DIIs 0.7%, Public 30.9%.Mar '26: Promoters 68.1%, FIIs 0.6%, DIIs 0.7%, Public 30.6%.Jun '26: Promoters 68.1%, FIIs 0.6%, DIIs 1.6%, Public 29.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shepherd's Hill Private Investment Fund AIF newly disclosed 1.19% held
- Zaki Abbas Nasser +0.18 pp 1.82% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Chembond Material Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sameer Vinod Shah | 27.36% | unchanged |
| Padma Vinod Shah | 12.57% | unchanged |
| Visan Holdings Pvt Ltd | 9.75% | unchanged |
| Ashwin Ratilal Nagarwadia | 3.72% | unchanged |
| Kumud Ashwin Nagarwadia | 3.72% | unchanged |
| Finor Piplaj Chemicals Ltd | 2.04% | unchanged |
| Ajay Chinubhai Laloo | 2.03% | unchanged |
| S And N Ventures Limited | 1.95% | unchanged |
| Zaki Abbas Nasser | 1.82% | +0.18 pp |
| Shah Bhadresh | 1.40% | unchanged |
| Shepherd's Hill Private Investment Fund AIF | 1.19% | newly disclosed |
| Alpana Sandeepbhai Shah | 0.97% | unchanged |
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.
What the price assumes
Growth trapTo justify its price of ₹217, this stock must grow earnings at 14% every year for 7 years. Our analysis caps realistic growth at ~-20%. At that growth it is worth ₹34 — downside of 84%.
- Growth the price implies
- 14.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -19.7% a year
- net profit, FY23–FY26 · EPS -19.6%
- The gap
- 0.3 pp
- -84% downside if it only repeats history
Learn to analyse Chembond Material Technologies Limited
Guides on how to read this kind of business and the numbers that matter.