Paragon Fine and Speciality Chemical share price & results
- Mar 2026
- Mar 2026
Ahmedabad-based manufacturer of specialty chemical intermediates for the dyes, pigment, agrochemical, pharmaceutical, cosmetic and electronics industries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 69.0 | +7.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 14.0 | +5.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 7.0 | +75.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +2.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | 0.05 | +12.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −1.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −11.6% 1Y
1Y: ₹53.45 on 24 Oct 2025 → ₹47.25. High ₹61.45 (8 Sept 2026), low ₹35.6 (30 Mar 2026).
- Previous close
- ₹48
- Market cap
- ₹97 Cr
- 52-week range
- ₹35.6 – ₹61.45
- One year
- −15.47%
- Price to earnings (FY ending Mar 2026)
- 10.76×
- Return on equity (FY ending Mar 2026)
- 9.52%
Overview
- Symbol
- NSE:PARAGON
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Paragon Fine and Speciality Chemical Limited does
Based on the company's own presentations, annual report and earnings calls.
Paragon Fine & Speciality Chemical Ltd manufactures specialty chemical intermediates — including dye intermediates, pigment intermediates such as Chloranil, and agrochemical intermediates such as Dichlone (2,3-Dichloro-1,4-Naphthoquinone) — used by customers in dyes & pigments, agrochemicals, pharmaceuticals, cosmetics and electronics. All manufacturing is done at a single facility in Viramgam (Ahmedabad, Gujarat) equipped with two glass-line assembly units and three reactors for batch-reaction chemistry across 20+ complex chemistries (alkylation, amidation, chlorosulfonation, diazotization, nitration and others). Many of its ~160 products are developed under customer-specific Technology NDAs, and the company supplies over 100 global clients across 40+ countries.
Segments
- Dyes
- Pigment
- Agrochemical
- Pharmaceuticals
- Cosmetics
- Speciality
- Electronics
- Manufacturing facility
- 1 facility (7,000 sq. m) in Viramgam, Ahmedabad, Gujarat with 2 glass-line assembly units and 3 reactors
- Installed capacity
- 650 MTPA (specialty chemical intermediates)
- Product portfolio
- 160+ products across 20+ complex chemistries
- Global clients
- 100+
- Countries served
- 40+
- Team strength
- 60+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +75% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 32 | 72 | 60 | 61 | 52 | 64 | 41 | 69 |
| Expenses | 28 | 61 | 51 | 50 | 50 | 58 | 38 | 59 |
| Operating profit | 4 | 10 | 9 | 11 | 2 | 6 | 3 | 10 |
| Operating margin | 13.0% | 15.0% | 15.0% | 18.0% | 4.7% | 9.0% | 7.0% | 14.0% |
| Other income | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 10 | 8 | 11 | 3 | 6 | 2 | 10 |
| Tax rate | 25.0% | 28.0% | 26.0% | 26.0% | 33.0% | 27.0% | 20.0% | 27.0% |
| Net profit | 3 | 7 | 6 | 8 | 2 | 4 | 2 | 7 |
| EPS (₹ per share) | 8.14 | 19.25 | 4.16 | 4.25 | 0.87 | 2.15 | 1.02 | 3.61 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 4 | 20 | 20 | 20 | 20 |
| Reserves | 12 | 19 | 64 | 70 | 72 | 79 |
| Borrowings | 21 | 25 | 9 | 3 | 3 | 1 |
| Other liabilities | 24 | 24 | 13 | 11 | 10 | 9 |
| Total liabilities | 58 | 71 | 106 | 104 | 104 | 108 |
| Fixed assets | 10 | 9 | 11 | 16 | 17 | 19 |
| Capital work in progress | 0 | 0 | 1 | 3 | 5 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 48 | 62 | 94 | 85 | 83 | 86 |
| Total assets | 58 | 71 | 106 | 104 | 104 | 108 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -10 | 5 | -2 | 0 | -6 | 5 |
| Cash from investing | -1 | -4 | -1 | -18 | -2 | 0 |
| Cash from financing | 9 | -2 | 3 | 29 | -5 | -2 |
| Net cash flow | -1 | -1 | 1 | 12 | -13 | 2 |
| Free cash flow | -11 | 2 | -3 | -3 | -14 | 0 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 130 | 95 | 95 | 77 | 124 | 141 |
| Inventory days | 9 | 83 | 112 | 138 | 124 | 138 |
| Days payable | 93 | 135 | 102 | 55 | 42 | 31 |
| Cash conversion cycle | 45 | 43 | 106 | 159 | 206 | 248 |
| Working capital days | 52 | 70 | 91 | 156 | 201 | 230 |
| Return on capital employed | 30.0% | 21.0% | 37.0% | 29.0% | 9.0% | 13.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- -7.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 74.87% as of Mar 2026; institutions added 0.00 pts since Sept 2025.
- Promoters 74.87%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Public 25.13%
Who is on the register
Named in the Mar 2026 filing
Every holder of Paragon Fine and Speciality Chemical Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 25.26% | unchanged | |
| 16.35% | unchanged | |
| 11.98% | unchanged | |
| 6.13% | unchanged | |
| 6.00% | unchanged | |
| 5.99% | unchanged | |
| 0.96% | unchanged | |
| 0.74% | unchanged | |
| 0.74% | unchanged | |
| 0.74% | 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.
Your own record
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