PARAGON
Paragon Fine and Speciality Chemical financials
- Market cap
- ₹113 Cr
- Sector
- Chemicals
What Paragon Fine and Speciality Chemical Limited does
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+
Quarterly results
Q4 FY26: revenue up 13.1%, net profit down 12.5% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32 | 72 | 60 | 61 | 52 +63% | 64 −11% | 41 −32% | 69 +13% |
| EBITDA | 4 | 10 | 9 | 11 | 2 −50% | 6 −40% | 3 −67% | 10 −9% |
| Net profit | 3 | 7 | 6 | 8 | 2 −33% | 4 −43% | 2 −67% | 7 −12% |
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 −2.1% 1Y
1Y: ₹55 on 10 Sept 2025 → ₹53.85. High ₹61.45 (8 Sept 2026), low ₹35.6 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹8 Cr | ₹12 Cr | ₹19 Cr | ₹64 Cr | ₹72 Cr | ₹79 Cr |
| Borrowings | ₹22 Cr | ₹21 Cr | ₹25 Cr | ₹9 Cr | ₹3 Cr | ₹1 Cr |
| Other liabilities | ₹20 Cr | ₹24 Cr | ₹24 Cr | ₹13 Cr | ₹10 Cr | ₹9 Cr |
| Total liabilities | ₹50 Cr | ₹58 Cr | ₹71 Cr | ₹106 Cr | ₹104 Cr | ₹108 Cr |
| Fixed assets | ₹7 Cr | ₹10 Cr | ₹9 Cr | ₹11 Cr | ₹17 Cr | ₹19 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹5 Cr | ₹4 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹43 Cr | ₹48 Cr | ₹62 Cr | ₹94 Cr | ₹83 Cr | ₹86 Cr |
| Total assets | ₹50 Cr | ₹58 Cr | ₹71 Cr | ₹106 Cr | ₹104 Cr | ₹108 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 Mar 2026
Since Mar 2025, FIIs trimmed −1.80 pp while the public added +1.80 pp. The shareholder count shrank 2% to 1,880.
- Promoters
- 74.9%
- Public
- 25.1%
Since Mar 2025
- FIIs −1.80 pp
- Public +1.80 pp
- Promoters 0.00 pp
How it drifted, 5 quarters
Over this window the public went from 21.0% to 25.1% — +4.1 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 74.6%, FIIs 2.0%, DIIs 2.4%, Public 21.0%.Sep '24: Promoters 74.8%, FIIs 2.1%, Public 23.1%.Mar '25: Promoters 74.9%, FIIs 1.8%, Public 23.3%.Sep '25: Promoters 74.9%, Public 25.1%.Mar '26: Promoters 74.9%, Public 25.1%.
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 |
|---|---|---|
| Pravinchandra Jasmat Vasolia | 25.26% | unchanged |
| Kishor Panchabhai Patolia | 16.35% | unchanged |
| Vallabhbhai Ratnaji Savaliya | 11.98% | unchanged |
| Shivam Kishorbhai Patolia | 6.13% | unchanged |
| Rutesh Vallabhbhai Savalia | 6.00% | unchanged |
| Zankar Vallabhbhai Savalia | 5.99% | unchanged |
| Nitaben Pravinchandra Vasolia | 0.96% | unchanged |
| Bansari Kishorbhai Patolia | 0.74% | unchanged |
| Heamanshi Pravinbhai Vasoliya | 0.74% | unchanged |
| Priyadarshana Patolia | 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.
What the price assumes
- Growth the price implies
- -5.5% 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
Learn to analyse Paragon Fine and Speciality Chemical Limited
Guides on how to read this kind of business and the numbers that matter.