Polychem Ltd

BSE:POLYCHEM

MaterialsChemicals & Petrochemicals

₹1,832.0

-0.83%1 Oct close

Mkt cap

₹73 Cr

Watch Alert Compare

About

Polychem Ltd operates in Commodity Chemicals within the Materials sector.

Face value: ₹10

Market cap

₹73 Cr

P/E

4.5×

P/B

1.2×

Dividend yield

1.1%

ROE

31.3%

ROCE

56.1%

Debt / equity

OPM

7.7%

EPS (TTM)

₹408.0

Book value

₹1,496.8

52-week high

—

52-week low

—

1,969 historical price candles were omitted because the exchange source has not been verified.

₹1,832.0-3.6%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.6% (3-yr avg)
+High return on capital employed of 29.6%
+Profit CAGR of 66.4% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 307.5×

Cons

−Thin operating margin of 7.7%
−Low dividend payout of 4.9% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

66/100

Business quality: 82
Growth: 32

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deepak Fertilizers And Petrochemicals Corporation LimitedDEEPAKFERTDEEPAKFERT	₹16,417 Cr	₹21,903 Cr	₹12,104 Cr	₹2,016 Cr	14.6%	₹984 Cr	6.4%	12.6%	11.3%	55
Tata Chemicals LimitedTATACHEMTATACHEM	₹15,487 Cr	₹23,488 Cr	₹15,120 Cr	₹1,711 Cr	12.4%	₹-2,165 Cr	-11.8%	2.9%	-8.9%	113
Gujarat Narmada Valley Fertilizers And Chemicals LimitedGNFCGNFC	₹8,655 Cr	₹8,655 Cr	₹8,410 Cr	₹1,241 Cr	11.3%	₹1,037 Cr	10.4%	10.6%	9.1%	81
TANFAC Industries LtdTANFACINDTANFACIND	₹6,909 Cr	₹7,002 Cr	₹711 Cr	₹112 Cr	15.8%	₹70 Cr	9.9%	27.7%	20.5%	112
Gujarat Alkalies And Chemicals LimitedGUJALKALIGUJALKALI	₹4,430 Cr	₹4,998 Cr	₹4,498 Cr	₹510 Cr	9.3%	₹66 Cr	-0.1%	1.6%	-0%	25
Grauer & Weil India LimitedGRAUWEILGRAUWEIL	₹3,709 Cr	₹3,717 Cr	₹1,134 Cr	₹188 Cr	16.6%	₹69 Cr	13.9%	23%	18%	72
Ghcl LimitedGHCLGHCL	₹3,700 Cr	₹3,762 Cr	₹3,064 Cr	₹689 Cr	22.5%	₹472 Cr	15.4%	17%	13.4%	126
J.g.chemicals LimitedJGCHEMJGCHEM	₹2,392 Cr	₹2,399 Cr	₹1,071 Cr	₹96 Cr	8.4%	₹75 Cr	7.1%	18.2%	13.3%	101
Thirumalai Chemicals LimitedTIRUMALCHMTIRUMALCHM	₹1,764 Cr	₹3,857 Cr	₹1,832 Cr	₹20 Cr	-2%	₹-152 Cr	-9.7%	-3.3%	-12.3%	14
Ig Petrochemicals LimitedIGPLIGPL	₹1,754 Cr	₹2,110 Cr	₹2,073 Cr	₹207 Cr	4.9%	₹82 Cr	0.1%	3.2%	0.2%	23
Indo Borax & Chemicals LimitedINDOBORAXINDOBORAX	₹1,507 Cr	₹1,507 Cr	₹232 Cr	₹52 Cr	20.5%	₹56 Cr	23.3%	15.5%	15.1%	110
Innovassynth Technologies (India) LtdINOVSYNTHINOVSYNTH	₹1,462 Cr	₹1,466 Cr	₹0 Cr	₹-0 Cr	—	₹-5 Cr	—	-1.1%	-12%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	31	42	37	25	36	51	54	42	43
COGS	19	24	20	14	21	29	29	23	23
Gross profit	12	18	17	11	15	23	25	19	20
	12	12	13	10	14	17	16	15	17
	1	6	4	1	1	6	9	4	3
OPM %	1.6%	14.1%	10.7%	2.4%	1.9%	11.3%	16.2%	8.9%	7.7%
Depreciation	0	0	1	1	1	1	1	1	1
Interest	—	0	0	0	0	0	0	0	0
	0	1	1	1	1	6	2	2	34
Profit before tax	1	6	4	1	1	11	10	5	37
Tax	0	0	1	-0	-0	1	1	1	7
Tax %	5.4%	0%	16.2%	-0.8%	-13%	8.4%	14.2%	19.8%	18.8%
	1	6	4	1	1	10	8	4	30
PAT margin %	1.7%	14.7%	9.9%	5.2%	2.4%	18.8%	15.2%	9.2%	69.7%
EPS (₹)	13.1	89.7	75.9	20.5	12.5	178.9	178.3	70.1	403.9
EPS adjusted (₹)	5.8	90.5	76.8	32	21.8	241.3	205	96	408
	0%	2.8%	16.5%	0%	23.9%	11.2%	16.8%	28.5%	5%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	0	0	0	0	0	0	0	0	0	0
Reserves	15	14	18	22	25	25	28	34	41	44	59
Minority interest	—	—	—	—	—	0	1	3	4	5	19
	—	—	—	—	—	0	0	0	0	0	0
	1	6	4	5	7	7	5	6	6	5	5
Total equity & liabilities	16	21	22	28	32	33	33	44	51	54	83
	0	0	2	3	3	3	3	4	4	4	6
CWIP	—	—	—	—	—	—	—	—	—	—	0
Investments	2	2	3	7	8	10	9	19	23	28	58
	14	19	17	18	21	20	21	21	25	23	19
Total assets	16	21	22	28	32	33	33	44	51	54	83

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	42.4%	45.9%	44.4%	41.8%	44.4%	46.2%	45.1%	46.8%
EBITDA margin %	14.1%	10.7%	2.4%	1.9%	11.3%	16.2%	8.9%	7.7%
EBIT margin %	13.4%	8.8%	-0.5%	0%	9.8%	14.3%	6.4%	5.6%
PAT margin %	14.7%	9.9%	5.2%	2.4%	18.8%	15.2%	9.2%	69.7%
Working capital
Receivable days	75	77	107	100	56	55	63	56
Inventory days	73	79	120	94	96	93	126	112
Payable days	16	—	41	28	18	18	8	2
NWC days	132	—	186	166	134	130	181	166
Leverage
Current ratio	2.8	2.96	2.8	4.63	4.34	5.17	6.54	6.77
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	614	434	43.3	13.8	132.6	69.2	35.2	307.5
Asset turnover	1.5	1.13	0.74	1.07	1.18	1.05	0.77	0.52
Return ratios
Return on assets %	22.2%	11.2%	3.9%	2.6%	22.1%	16%	7.1%	35.9%
Return on capital employed %	32.7%	18.2%	5%	3%	31.3%	22.6%	10%	56.1%
Return on equity %	27.5%	14.4%	5%	3.1%	27.7%	19.9%	8.6%	49.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	3.01%	3.01%	3.01%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	44.9%	44.9%	44.9%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%
No. of shareholders	—	—	—	—	—	—	—	—	5,753	5,747	5,704	5,696

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Polychem Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

0 announcementsExport CSV

No announcements stored for this window

Filings are ingested from BSE daily. Try a longer range, or check back after the next sync.

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Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	42.4%	45.9%	44.4%	41.8%	44.4%	46.2%	45.1%	46.8%
EBITDA margin %	14.1%	10.7%	2.4%	1.9%	11.3%	16.2%	8.9%	7.7%
EBIT margin %	13.4%	8.8%	-0.5%	0%	9.8%	14.3%	6.4%	5.6%
PAT margin %	14.7%	9.9%	5.2%	2.4%	18.8%	15.2%	9.2%	69.7%
Working capital
Receivable days	75	77	107	100	56	55	63	56
Inventory days	73	79	120	94	96	93	126	112
Payable days	16	—	41	28	18	18	8	2
NWC days	132	—	186	166	134	130	181	166
Leverage
Current ratio	2.8	2.96	2.8	4.63	4.34	5.17	6.54	6.77
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	614	434	43.3	13.8	132.6	69.2	35.2	307.5
Asset turnover	1.5	1.13	0.74	1.07	1.18	1.05	0.77	0.52
Return ratios
Return on assets %	22.2%	11.2%	3.9%	2.6%	22.1%	16%	7.1%	35.9%
Return on capital employed %	32.7%	18.2%	5%	3%	31.3%	22.6%	10%	56.1%
Return on equity %	27.5%	14.4%	5%	3.1%	27.7%	19.9%	8.6%	49.8%

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Polychem Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

1 month 3 months 6 months 1 year All

0 announcementsExport CSV

No announcements stored for this window

Filings are ingested from BSE daily. Try a longer range, or check back after the next sync.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	3.01%	3.01%	3.01%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	44.9%	44.9%	44.9%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%
No. of shareholders	—	—	—	—	—	—	—	—	5,753	5,747	5,704	5,696

3 Aug 2026 · Board Meeting

Documents link to external sources (exchange filings, company investor pages).

10

Final dividend17 Jul 2026 · ex-date₹20
Final dividend1 Jul 2025 · ex-date₹20
Final dividend12 Jul 2024 · ex-date₹30
Final dividend14 Jul 2023 · ex-date₹20
Final dividend13 Jul 2022 · ex-date₹3
Dividend dividend24 Jul 2020 · ex-date₹12.5
Final dividend26 Jun 2019 · ex-date₹2.5
Dividend dividend21 Jul 2017 · ex-date₹2.5
Dividend dividend8 Jul 2016 · ex-date₹2.5
Dividend dividend10 Jul 2015 · ex-date₹2.5

1

Board meeting to consider results13 Aug 2026

Promoter holding up 0 percentage points since Sep 2023.

8 deals · 23 Mar 2022 – 21 Jun 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Jun 2022	VIRSUN INVESTMENTS PVT LTD	Bulk	BSE	Sell	38,000	₹542.25	₹2.06 Cr
21 Jun 2022	KILACHAND PARTHIV T	Bulk	BSE	Buy	21,500	₹541.81	₹1.16 Cr
21 Jun 2022	KILACHAND NANDISH T	Bulk	BSE	Buy	21,500	₹542.44	₹1.17 Cr
21 Jun 2022	GINNERS & PRESSERS LTD	Bulk	BSE	Sell	5,000	₹541.09	₹0.27 Cr
28 Mar 2022	GINNERS & PRESSERS LTD	Bulk	BSE	Sell	4,000	₹567.00	₹0.23 Cr
23 Mar 2022	HIGHCLASS TRADING PRIVATE LIMITED	Bulk	BSE	Sell	15,000	₹578.00	₹0.87 Cr
23 Mar 2022	KILACHAND PARTHIV T	Bulk	BSE	Buy	7,500	₹578.00	₹0.43 Cr
23 Mar 2022	KILACHAND NANDISH T	Bulk	BSE	Buy	7,500	₹578.00	₹0.43 Cr

1–8 of 8

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Tanil R KilachandNon-Executive - Non Independent Director-Chairperson
Mr. Parthiv T KilachandExecutive Director-MD
Mr. Nandish T KilachandNon-Executive - Non Independent Director
Mr. Anand A DalalNon-Executive - Independent Director
Ms. Saloni A JhaveriNon-Executive - Independent Director
Mr. Rajan P VahiNon-Executive - Independent Director
Kanan Vipul PanchasaraChief Financial Officer
Mrs. Deepali Vishal ChauhanCompany Secretary and Compliance officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deepak Fertilizers And Petrochemicals Corporation LimitedDEEPAKFERTDEEPAKFERT	₹16,417 Cr	₹21,903 Cr	₹12,104 Cr	₹2,016 Cr	14.6%	₹984 Cr	6.4%	12.6%	11.3%	55
Tata Chemicals LimitedTATACHEMTATACHEM	₹15,487 Cr	₹23,488 Cr	₹15,120 Cr	₹1,711 Cr	12.4%	₹-2,165 Cr	-11.8%	2.9%	-8.9%	113
Gujarat Narmada Valley Fertilizers And Chemicals LimitedGNFCGNFC	₹8,655 Cr	₹8,655 Cr	₹8,410 Cr	₹1,241 Cr	11.3%	₹1,037 Cr	10.4%	10.6%	9.1%	81
TANFAC Industries LtdTANFACINDTANFACIND	₹6,909 Cr	₹7,002 Cr	₹711 Cr	₹112 Cr	15.8%	₹70 Cr	9.9%	27.7%	20.5%	112
Gujarat Alkalies And Chemicals LimitedGUJALKALIGUJALKALI	₹4,430 Cr	₹4,998 Cr	₹4,498 Cr	₹510 Cr	9.3%	₹66 Cr	-0.1%	1.6%	-0%	25
Grauer & Weil India LimitedGRAUWEILGRAUWEIL	₹3,709 Cr	₹3,717 Cr	₹1,134 Cr	₹188 Cr	16.6%	₹69 Cr	13.9%	23%	18%	72
Ghcl LimitedGHCLGHCL	₹3,700 Cr	₹3,762 Cr	₹3,064 Cr	₹689 Cr	22.5%	₹472 Cr	15.4%	17%	13.4%	126
J.g.chemicals LimitedJGCHEMJGCHEM	₹2,392 Cr	₹2,399 Cr	₹1,071 Cr	₹96 Cr	8.4%	₹75 Cr	7.1%	18.2%	13.3%	101
Thirumalai Chemicals LimitedTIRUMALCHMTIRUMALCHM	₹1,764 Cr	₹3,857 Cr	₹1,832 Cr	₹20 Cr	-2%	₹-152 Cr	-9.7%	-3.3%	-12.3%	14
Ig Petrochemicals LimitedIGPLIGPL	₹1,754 Cr	₹2,110 Cr	₹2,073 Cr	₹207 Cr	4.9%	₹82 Cr	0.1%	3.2%	0.2%	23
Indo Borax & Chemicals LimitedINDOBORAXINDOBORAX	₹1,507 Cr	₹1,507 Cr	₹232 Cr	₹52 Cr	20.5%	₹56 Cr	23.3%	15.5%	15.1%	110
Innovassynth Technologies (India) LtdINOVSYNTHINOVSYNTH	₹1,462 Cr	₹1,466 Cr	₹0 Cr	₹-0 Cr	—	₹-5 Cr	—	-1.1%	-12%	—

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	31	42	37	25	36	51	54	42	43
COGS	19	24	20	14	21	29	29	23	23
Gross profit	12	18	17	11	15	23	25	19	20
	12	12	13	10	14	17	16	15	17
	1	6	4	1	1	6	9	4	3
OPM %	1.6%	14.1%	10.7%	2.4%	1.9%	11.3%	16.2%	8.9%	7.7%
Depreciation	0	0	1	1	1	1	1	1	1
Interest	—	0	0	0	0	0	0	0	0
	0	1	1	1	1	6	2	2	34
Profit before tax	1	6	4	1	1	11	10	5	37
Tax	0	0	1	-0	-0	1	1	1	7
Tax %	5.4%	0%	16.2%	-0.8%	-13%	8.4%	14.2%	19.8%	18.8%
	1	6	4	1	1	10	8	4	30
PAT margin %	1.7%	14.7%	9.9%	5.2%	2.4%	18.8%	15.2%	9.2%	69.7%
EPS (₹)	13.1	89.7	75.9	20.5	12.5	178.9	178.3	70.1	403.9
EPS adjusted (₹)	5.8	90.5	76.8	32	21.8	241.3	205	96	408
	0%	2.8%	16.5%	0%	23.9%	11.2%	16.8%	28.5%	5%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	0	0	0	0	0	0	0	0	0	0
Reserves	15	14	18	22	25	25	28	34	41	44	59
Minority interest	—	—	—	—	—	0	1	3	4	5	19
	—	—	—	—	—	0	0	0	0	0	0
	1	6	4	5	7	7	5	6	6	5	5
Total equity & liabilities	16	21	22	28	32	33	33	44	51	54	83
	0	0	2	3	3	3	3	4	4	4	6
CWIP	—	—	—	—	—	—	—	—	—	—	0
Investments	2	2	3	7	8	10	9	19	23	28	58
	14	19	17	18	21	20	21	21	25	23	19
Total assets	16	21	22	28	32	33	33	44	51	54	83

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	4	1	-2	5	6	2	-1
	-0	0	-4	1	-1	-4	-3	-1	0
	-0	-0	0	-1	-0	-0	-1	-2	-1
Net cash flow	-0	0	-1	1	-3	1	2	-0	-2
Free cash flow	-0	-0	2	1	-2	4	6	2	-5
CFO / Operating profit %	—	54.9%	62.5%	226.7%	-318.8%	91.5%	72.8%	57.3%	-27.1%

Compounded sales growth

7 years: 0%
5 years: 12%
3 years: -6%
1 year: 3%

Compounded profit growth

7 years: 25%
5 years: 88%
3 years: 46%
1 year: 677%

Return on equity

7 years: 16%
5 years: 19%
3 years: 21%
Last year: 38%

Polychem Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

No announcements stored for this window

Ratio timeline

Not in the F&O segment

No fund holdings on record

No announcements stored for this window

Announcements

Quarterly record

Annual reports

Dividends10

Board meetings1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

10

1