CHEMPLASTS
Chemplast Sanmar share price & financials
- Price
- ₹214.47
- Market cap
- ₹2.9k Cr
- Sector
- Chemicals
- Calls analysed
- 7
Chemplast Sanmar Limited Q1 FY27
What went well
- Specialty Chemicals segment reported revenues of INR427 crores, with volumes registering a healthy 21% year-on-year growth.
- Custom Manufactured Chemicals Division (CMCD) delivered a much improved performance, backed by a healthy order book, accelerating customer engagements, and robust product pipeline.
- MPB 3 Phase 3 and pilot Phase 3 projects have been successfully commissioned and are on stream.
What to watch
- Consolidated revenue of INR1,125 crores resulted in an EBITDA loss of INR115 crores.
- Company reported a net loss of INR176 crores for the quarter.
What Chemplast Sanmar Limited does
Chemplast Sanmar manufactures Speciality Paste PVC resin and, through its wholly-owned subsidiary Chemplast Cuddalore Vinyls Limited (CCVL), Suspension PVC resin, earning by selling these polymers to footwear, artificial leather, upholstery, pipes and other converters. It also runs a Custom Manufactured Chemicals Division (CMCD) that makes starting materials, intermediates and active ingredients for global pharmaceutical and agrochemical innovator companies under a 'one product, one customer' model, and a Value-added Chemicals business producing Caustic Soda, Hydrogen Peroxide and Chloromethanes as integrated by-products of its chlor-alkali chain. The company has recently commissioned commercial production of R32 refrigerant gas. Its plants are backward-integrated, with in-house production of key feedstocks such as EDC and VCM.
Segments
- Specialty Chemicals
- Commodity (Suspension PVC)
- Manufacturing plants
- 4 (Mettur, Berigai & Karaikal in Tamil Nadu; Cuddalore in Tamil Nadu)
- Speciality Paste PVC installed capacity
- 1,07,000 MTPA (66 ktpa at Mettur + 41 ktpa at Cuddalore)
- Suspension PVC installed capacity
- 3,31,000 MTPA at Cuddalore (via subsidiary CCVL)
- Market position — Speciality Paste PVC
- Largest manufacturer in India; one of only two domestic producers, ~83% of India's domestic Paste PVC production capacity
- Market position — Suspension PVC
- Second-largest producer in India; leading manufacturer in South India (via CCVL)
- Caustic Soda installed capacity
- 1,19,000 MTPA (Mettur + Karaikal combined)
Guidance record · Q1 FY27
what the last two calls moved 13 tracked 3 delivered 4 missed 6 open- Cuddalore Paste PVC Plant Utilization delivered said Q3 FY25 Promised: Full utilization levels in the coming quarter Q1 FY27: Debottlenecking project is underway, implying base capacity is fully utilized.
- CMCD EBITDA Margin went quiet said Q3 FY25 Promised: 23-25% as operations stabilize Q1 FY27: No specific update on the 20-25% margin range. Management commented on achieving 'industry levels of returns' this year.
- R32 Total Capacity (14 kt) Completion delayed said Q4 FY26 Promised: 14 kt capacity by end of calendar year 2026 Q1 FY27: Timeline pushed to 'last quarter of the fiscal' (Q4 FY27) from 'end of calendar year 2026' (Q3 FY27).
All 13 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 2.3%, net profit down 175.0% 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 | 993 | 1,058 | 1,151 | 1,100 | 1,033 +4% | 835 −21% | 1,256 +9% | 1,125 +2% |
| EBITDA | 26 | 32 | 37 | 17 | 43 +65% | -57 −278% | 194 +424% | -115 −776% |
| Net profit | -31 | -49 | -54 | -64 | -51 −65% | -119 −143% | -45 +17% | -176 −175% |
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 −60.5% 1Y
1Y: ₹433.3 on 10 Sept 2025 → ₹171.35. High ₹442.3 (15 Sept 2025), low ₹167.03 (3 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- −5.7%
- 7 Aug
- Q4 FY26
- −5.4%
- 26 May
- Q3 FY26
- +10.4%
- 9 Feb
- Q2 FY26
- +0.0%
- 14 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 5.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 4.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.9k Cr | ₹3.9k Cr | ₹4.3k Cr | ₹4.2k Cr |
| Operating profit | ₹467 Cr | ₹25 Cr | ₹219 Cr | ₹197 Cr |
| Operating margin | 9.5% | 0.6% | 5.0% | 4.7% |
| Interest | ₹153 Cr | ₹181 Cr | ₹237 Cr | ₹235 Cr |
| Depreciation | ₹142 Cr | ₹151 Cr | ₹199 Cr | ₹213 Cr |
| Net profit | ₹153 Cr | ₹-158 Cr | ₹-110 Cr | ₹-279 Cr |
| Net margin | 3.1% | -4.0% | -2.5% | -6.6% |
| Cash from operations | ₹355 Cr | ₹-245 Cr | ₹172 Cr | ₹294 Cr |
| Free cash flow | ₹-64 Cr | ₹-833 Cr | ₹-188 Cr | ₹-22 Cr |
| ROCE | 15.0% | -2.0% | 2.0% | 0.0% |
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 | ₹67 Cr | ₹79 Cr | ₹79 Cr | ₹79 Cr | ₹79 Cr | ₹79 Cr |
| Reserves | ₹-417 Cr | ₹1.6k Cr | ₹1.8k Cr | ₹1.6k Cr | ₹1.9k Cr | ₹1.7k Cr |
| Borrowings | ₹2.1k Cr | ₹882 Cr | ₹1.0k Cr | ₹1.5k Cr | ₹1.9k Cr | ₹2.0k Cr |
| Other liabilities | ₹2.7k Cr | ₹3.0k Cr | ₹3.0k Cr | ₹2.8k Cr | ₹2.6k Cr | ₹2.6k Cr |
| Total liabilities | ₹4.5k Cr | ₹5.6k Cr | ₹5.8k Cr | ₹6.0k Cr | ₹6.5k Cr | ₹6.3k Cr |
| Fixed assets | ₹3.1k Cr | ₹3.3k Cr | ₹3.2k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹4.4k Cr |
| Capital work in progress | ₹25 Cr | ₹34 Cr | ₹402 Cr | ₹190 Cr | ₹283 Cr | ₹341 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹8 Cr | ₹8 Cr |
| Other assets | ₹1.3k Cr | ₹2.3k Cr | ₹2.2k Cr | ₹1.9k Cr | ₹1.7k Cr | ₹1.6k Cr |
| Total assets | ₹4.5k Cr | ₹5.6k Cr | ₹5.8k Cr | ₹6.0k Cr | ₹6.5k Cr | ₹6.3k 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 +3.26 pp while DIIs trimmed −1.94 pp. The shareholder count shrank 3% to 64,604.
- Promoters
- 55.0%
- FIIs
- 12.0%
- DIIs
- 23.7%
- Public
- 9.3%
Since Jun 2025
- Public +3.26 pp
- DIIs −1.94 pp
- FIIs −1.31 pp
How it drifted, 12 quarters
Over this window DIIs fell from 26.9% to 23.7% — −3.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 55.0%, FIIs 11.6%, DIIs 26.9%, Public 6.5%.Dec '23: Promoters 55.0%, FIIs 11.2%, DIIs 27.5%, Public 6.3%.Mar '24: Promoters 55.0%, FIIs 10.8%, DIIs 28.1%, Public 6.0%.Jun '24: Promoters 55.0%, FIIs 11.3%, DIIs 28.4%, Public 5.3%.Sep '24: Promoters 55.0%, FIIs 13.4%, DIIs 25.8%, Public 5.8%.Dec '24: Promoters 55.0%, FIIs 13.2%, DIIs 25.8%, Public 6.0%.Mar '25: Promoters 55.0%, FIIs 13.3%, DIIs 25.8%, Public 5.9%.Jun '25: Promoters 55.0%, FIIs 13.3%, DIIs 25.6%, Public 6.0%.Sep '25: Promoters 55.0%, FIIs 13.2%, DIIs 25.6%, Public 6.2%.Dec '25: Promoters 55.0%, FIIs 13.2%, DIIs 25.5%, Public 6.3%.Mar '26: Promoters 55.0%, FIIs 12.5%, DIIs 25.6%, Public 6.9%.Jun '26: Promoters 55.0%, FIIs 12.0%, DIIs 23.7%, Public 9.3%.
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.
- SBI Small Cap Fund Mutual fund newly disclosed 9.73% held
- ICICI Prudential Energy Opportunities Fund Mutual fund newly disclosed 5.58% held
- Amansa Holdings Private Limited FPI fund +0.97 pp 7.62% held
The same filing shows 0 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Chemplast Sanmar Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sanmar Holdings Limited | 54.99% | unchanged |
| SBI Small Cap Fund Mutual fund | 9.73% | newly disclosed |
| Amansa Holdings Private Limited FPI fund | 7.62% | +0.97 pp |
| ICICI Prudential Energy Opportunities Fund Mutual fund | 5.58% | newly disclosed |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual F Mutual fund | 3.67% | unchanged |
| Franklin India Small Cap Fund Mutual fund | 2.67% | unchanged |
| Mirae Asset Large Cap Fund Mutual fund | 1.29% | unchanged |
| Vibrant Trading Sg Pte Ltd, Singapore | 0.00% | unchanged |
| Sanmar Chemical Enterprises Limited | 0.00% | unchanged |
| Sanmar Group International Limited | 0.00% | unchanged |
| Tci Sanmar Chemicals S.A.E , Egypt | 0.00% | unchanged |
| Mahadevan Raman | 0.00% | 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.
Mutual funds in CHEMPLASTS
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹275 Cr
- 3 schemes
- Biggest holder
- SBI Smallcap Fund
- ₹194 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Smallcap Fund SBI Mutual Fund | ₹194 Cr | held | Aug '21 |
| SBI Energy Opportunities Fund SBI Mutual Fund | ₹77 Cr | held | Mar '24 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹4 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -50%
- vs est. average cost
- Held by funds
- ₹275 Cr
- 3 schemes · ≈ 11% of the company
- Biggest holder
- SBI Smallcap Fund
- ₹194 Cr · 0.5% of that fund
Shares held by these funds −3%
Aug '23 1.56 cr shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Chemplast Sanmar Limited
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