Prasol Chemicals Limited

listedRefreshing

NSE · Source: SEBI

DRHP3 Sept 2026completed
RHP3 Sept 2026completed
Price band3 Sept 2026completed
Opened8 Sept 2026completed
Closed10 Sept 2026completed
Allotted11 Sept 2026completed
Listed16 Sept 2026completed

Price band

₹643–₹676

Issue size

₹500 Cr

Fresh issue

₹80 Cr

Offer for sale

₹420 Cr

GMP ₹-13 (-1.92%)grey-market · 37 days ago

What the company does

Business model: The Company is a forward-integrated manufacturer of acetone-based specialty chemicals, phosphorous-based specialty chemicals and other specialty chemicals involving complex and differentiated chemistries. Its products serve performance chemicals, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care applications. (p.19, 279, 283)
Revenue drivers: Revenue is driven by sales of acetone-based specialty chemicals, phosphorous-based specialty chemicals and other specialty chemicals across multiple end-use industries. In the three months ended June 30, 2025, acetone-based specialty chemicals contributed Rs 1,365.01 million or 42.72% of revenue from operations, phosphorous-based specialty chemicals Rs 1,247.75 million or 39.05%, and other specialty chemicals Rs 563.76 million or 17.64%. Customer demand, raw-material availability and pricing, exports, new-product commercialization and utilization of the Mahad and Khopoli facilities are material operating drivers. (p.283, 285, 286, 288, 290)
products: As of July 31, 2025, the Company had a portfolio of more than 150 specialty chemical products. It also reported a pipeline of 40 products at various stages of development, of which 9 had cleared the pilot stage. (p.19, 284, 289)
Customers & concentration: The Company served 1,015 customers in the three months ended June 30, 2025, 1,586 in Fiscal 2025, 1,560 in Fiscal 2024 and 1,597 in Fiscal 2023. Top 10 customers contributed 23.91%, 21.96%, 18.46% and 23.27% of revenue from operations in those respective periods. The Company states that customer relationships for selected key accounts extend for approximately 10 to 16 years, but it typically does not enter into long-term agreements with customers. (p.47, 284, 285)
geography

KPI	Value	Period	Pages
Revenue from Operations	Rs 3,195.60 million	Three months ended June 30, 2025	192
Operating EBITDA	Rs 406.01 million	Three months ended June 30, 2025	192
Operating EBITDA Margin	12.71%	Three months ended June 30, 2025	192
PAT Margin	7.62%	Three months ended June 30, 2025	192
Adjusted RoAE	6.41%	Three months ended June 30, 2025, not annualised	192
Adjusted RoCE	7.08%	Three months ended June 30, 2025, not annualised	192
Net Debt to Equity	0.28x	June 30, 2025	192
Countries Served	45	Three months ended June 30, 2025	192
Export Revenue	27.52%	Three months ended June 30, 2025	192
Number of Customers	1,015	Three months ended June 30, 2025	192
Top 10 Customers	23.91%	Three months ended June 30, 2025	192
Revenue from Operations	Rs 10,124.94 million	Fiscal 2025	192
Operating EBITDA	Rs 877.66 million	Fiscal 2025	192
Operating EBITDA Margin	8.67%	Fiscal 2025	192
PAT Margin	4.30%	Fiscal 2025	192
Adjusted RoAE	12.57%	Fiscal 2025	192
Adjusted RoCE	14.95%	Fiscal 2025	192
Net Debt to Equity	0.23x	March 31, 2025	192
Countries Served	50	Fiscal 2025	192
Export Revenue	28.35%	Fiscal 2025	192
Number of Customers	1,586	Fiscal 2025	192
Top 10 Customers	21.96%	Fiscal 2025	192
Revenue from Operations	Rs 8,765.65 million	Fiscal 2024	192
Operating EBITDA	Rs 605.28 million	Fiscal 2024	192
Operating EBITDA Margin	6.91%	Fiscal 2024	192
PAT Margin	2.07%	Fiscal 2024	192
Adjusted RoAE	5.71%	Fiscal 2024	192
Adjusted RoCE	12.61%	Fiscal 2024	192
Net Debt to Equity	0.22x	March 31, 2024	192
Export Revenue	25.32%	Fiscal 2024	192
Number of Customers	1,560	Fiscal 2024	192
Top 10 Customers	18.46%	Fiscal 2024	192
Revenue from Operations	Rs 9,300.82 million	Fiscal 2023	192
Operating EBITDA	Rs 869.51 million	Fiscal 2023	192
Operating EBITDA Margin	9.35%	Fiscal 2023	192
PAT Margin	5.22%	Fiscal 2023	192
Adjusted RoAE	17.01%	Fiscal 2023	192
Adjusted RoCE	14.84%	Fiscal 2023	192
Net Debt to Equity	0.53x	March 31, 2023	192
Export Revenue	29.13%	Fiscal 2023	192
Number of Customers	1,597	Fiscal 2023	192
Top 10 Customers	23.27%	Fiscal 2023	192

What the company does

What the company does

Key performance indicators