PRIMO
Primo Chemicals financials
- Market cap
- ₹575 Cr
- Sector
- Chemicals
Quarterly results
Q1 FY27: revenue down 1.2%, net profit up 19.0% 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 | 134 | 144 | 155 | 142 | 135 +0% | 140 −3% | 145 −7% | 140 −1% |
| EBITDA | 11 | 19 | 24 | 20 | 15 +44% | 14 −27% | 19 −21% | 21 +2% |
| Net profit | 13 | 2 | -1 | 3 | 3 −79% | -0 −118% | 5 +554% | 4 +19% |
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 −5.8% 1Y
1Y: ₹25.17 on 10 Sept 2025 → ₹23.71. High ₹26.22 (12 Sept 2025), low ₹16.85 (23 Mar 2026).
Financials, as filed
Revenue fell 7.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹707 Cr | ₹397 Cr | ₹556 Cr | ₹562 Cr |
| Operating profit | ₹192 Cr | ₹7 Cr | ₹68 Cr | ₹68 Cr |
| Operating margin | 27.2% | 1.7% | 12.3% | 12.2% |
| Interest | ₹8 Cr | ₹18 Cr | ₹23 Cr | ₹19 Cr |
| Depreciation | ₹24 Cr | ₹40 Cr | ₹51 Cr | ₹53 Cr |
| Net profit | ₹137 Cr | ₹-26 Cr | ₹2 Cr | ₹11 Cr |
| Net margin | 19.4% | -6.5% | 0.4% | 1.9% |
| Cash from operations | ₹150 Cr | ₹14 Cr | ₹64 Cr | ₹65 Cr |
| Free cash flow | ₹-33 Cr | ₹-51 Cr | ₹26 Cr | ₹39 Cr |
| ROCE | 44.0% | -2.0% | 7.0% | 7.0% |
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 | ₹31 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹66 Cr | ₹225 Cr | ₹358 Cr | ₹332 Cr | ₹351 Cr | ₹345 Cr |
| Borrowings | ₹1 Cr | ₹61 Cr | ₹145 Cr | ₹178 Cr | ₹162 Cr | ₹131 Cr |
| Other liabilities | ₹148 Cr | ₹141 Cr | ₹174 Cr | ₹149 Cr | ₹174 Cr | ₹155 Cr |
| Total liabilities | ₹246 Cr | ₹476 Cr | ₹726 Cr | ₹708 Cr | ₹734 Cr | ₹680 Cr |
| Fixed assets | ₹156 Cr | ₹155 Cr | ₹278 Cr | ₹468 Cr | ₹473 Cr | ₹469 Cr |
| Capital work in progress | ₹35 Cr | ₹177 Cr | ₹213 Cr | ₹49 Cr | ₹25 Cr | ₹12 Cr |
| Investments | ₹0 Cr | ₹30 Cr | ₹53 Cr | ₹53 Cr | ₹63 Cr | ₹53 Cr |
| Other assets | ₹55 Cr | ₹114 Cr | ₹181 Cr | ₹138 Cr | ₹173 Cr | ₹145 Cr |
| Total assets | ₹246 Cr | ₹476 Cr | ₹726 Cr | ₹708 Cr | ₹734 Cr | ₹680 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 −1.25 pp while promoters added +1.05 pp. The shareholder count shrank 4% to 48,308.
- Promoters
- 32.4%
- FIIs
- 0.3%
- DIIs
- 1.9%
- Public
- 65.4%
Since Jun 2025
- Public −1.25 pp
- Promoters +1.05 pp
- FIIs +0.21 pp
How it drifted, 12 quarters
Over this window FIIs fell from 2.1% to 0.3% — −1.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 31.4%, FIIs 2.1%, DIIs 1.9%, Public 64.6%.Dec '23: Promoters 31.4%, FIIs 1.8%, DIIs 1.9%, Public 65.0%.Mar '24: Promoters 31.4%, FIIs 0.7%, DIIs 1.9%, Public 66.0%.Jun '24: Promoters 31.4%, FIIs 0.2%, DIIs 1.9%, Public 66.5%.Sep '24: Promoters 31.4%, FIIs 0.1%, DIIs 1.9%, Public 66.6%.Dec '24: Promoters 31.4%, FIIs 0.1%, DIIs 1.9%, Public 66.6%.Mar '25: Promoters 31.4%, FIIs 0.1%, DIIs 1.9%, Public 66.6%.Jun '25: Promoters 31.4%, FIIs 0.1%, DIIs 1.9%, Public 66.6%.Sep '25: Promoters 31.4%, FIIs 0.1%, DIIs 1.9%, Public 66.7%.Dec '25: Promoters 32.4%, FIIs 0.1%, DIIs 1.9%, Public 65.6%.Mar '26: Promoters 32.4%, FIIs 0.1%, DIIs 1.9%, Public 65.6%.Jun '26: Promoters 32.4%, FIIs 0.3%, DIIs 1.9%, Public 65.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Primo Chemicals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Naveen Chopra | 16.51% | unchanged |
| Durva Infratech LLP | 15.47% | unchanged |
| Sukhbir Singh Dahiya | 10.43% | unchanged |
| Jagbir Singh Ahlawat | 6.40% | unchanged |
| Flowtech Industrial Projects Private Limited | 5.01% | unchanged |
| Parerna Ahlawat | 4.57% | unchanged |
| Jatin Dahiya | 2.26% | unchanged |
| Quant Mutual Fund - Quant Small Cap Fund - 2 Mutual fund | 1.88% | unchanged |
| Dayawati Dahiya | 1.47% | unchanged |
| Himalaya Alkalies & Chemicals Limited | 1.07% | unchanged |
| Tara Mercantile Private Limited | 0.73% | unchanged |
| Garima Singh | 0.45% | 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 Primo Chemicals Limited
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