POLYCHEM
Polychem financials
- Market cap
- ₹75 Cr
- Sector
- Chemicals
Quarterly results
Q1 FY27: revenue down 21.1%, net profit down 99.4% 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 | 3 | 6 | 6 | 8 | 6 +108% | 5 −16% | 8 +20% | 7 −21% |
| EBITDA | -1 | 1 | 1 | 2 | 0 +147% | 1 −3% | 1 +110% | -1 −138% |
| Net profit | 0 | 1 | 1 | 2 | 1 +28% | 1 +28% | 7 +1109% | 0 −99% |
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 −36.5% YTD
YTD: ₹2.6 on 31 Jul 2002 → ₹1.65. High ₹2.85 (4 Aug 2002), low ₹1.5 (31 Oct 2002).
Financials, as filed
Revenue fell 14.3% a year over 2 years, FY24 to FY26. Operating margin narrowed to 15.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹37 Cr | ₹24 Cr | ₹27 Cr |
| Operating profit | ₹7 Cr | ₹2 Cr | ₹4 Cr |
| Operating margin | 19.8% | 7.3% | 15.2% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹6 Cr | ₹3 Cr | ₹10 Cr |
| Net margin | 16.4% | 14.1% | 37.5% |
| Cash from operations | ₹4 Cr | ₹2 Cr | ₹1 Cr |
| Free cash flow | ₹4 Cr | ₹2 Cr | ₹0 Cr |
| ROCE | 26.1% | 7.0% | 12.3% |
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 | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Reserves | ₹20 Cr | ₹23 Cr | ₹26 Cr | ₹31 Cr | ₹47 Cr | ₹43 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹2 Cr | ₹4 Cr | ₹3 Cr | ₹2 Cr | ₹10 Cr | ₹2 Cr |
| Total liabilities | ₹22 Cr | ₹27 Cr | ₹30 Cr | ₹35 Cr | ₹59 Cr | ₹46 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹11 Cr | ₹15 Cr | ₹16 Cr | ₹18 Cr | ₹35 Cr | ₹33 Cr |
| Other assets | ₹10 Cr | ₹11 Cr | ₹12 Cr | ₹15 Cr | ₹21 Cr | ₹12 Cr |
| Total assets | ₹22 Cr | ₹27 Cr | ₹30 Cr | ₹35 Cr | ₹59 Cr | ₹46 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
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 5,696.
- Promoters
- 52.1%
- DIIs
- 3.0%
- Public
- 44.9%
Since Jun 2025
- DIIs −0.01 pp
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Dec '23: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Mar '24: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Jun '24: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Sep '24: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Dec '24: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Mar '25: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Jun '25: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Sep '25: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Dec '25: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Mar '26: Promoters 52.1%, DIIs 3.0%, Public 44.9%.Jun '26: Promoters 52.1%, DIIs 3.0%, Public 44.9%.
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.
- Akash Goel newly disclosed 2.47% held
- Hitesh Ramji Javeri +0.10 pp 1.39% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Polychem Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Virsun Investments Private Limited | 19.07% | unchanged |
| Masuma Tradecorp Private Limited | 14.85% | unchanged |
| Parthiv Tanil Kilachand | 8.45% | unchanged |
| Nandish Tanil Kilachand | 8.25% | unchanged |
| Iepf | 6.54% | unchanged |
| Life Insurance Corporation Of India Insurer | 2.78% | unchanged |
| Akash Goel | 2.47% | newly disclosed |
| Renu Gupta | 1.82% | unchanged |
| Hitesh Ramji Javeri | 1.39% | +0.10 pp |
| Sudhir Ghanshyamdas Khandelwal | 1.36% | unchanged |
| Samaj Projects Pvt. Ltd. | 1.19% | unchanged |
| Harsha Hitesh Javeri | 1.01% | 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.
Learn to analyse Polychem Ltd
Guides on how to read this kind of business and the numbers that matter.