ALFA Finder| Revenue growth | Revenue ₹1,323 Cr, +28% YoY; SPVC-led, price and volume aided. |
|---|---|
| Margins | EBITDA margin 8% vs 4% YoY; commodity margins under pressure; spreads volatile. |
| Order book | CMCD order book 'fairly healthy'; near-full commitment for current-year sales. |
| Demand visibility | Healthy festive-period domestic PVC demand; CMCD order book visibility through FY27. |
| Management confidence | Balanced; optimistic on specialty, cautious on commodity margins. |
Growth
Revenue +28% YoY, H1 +15%; SPVC volume gains partly inventory restocking amid rising prices.
Outlook
R32 capacity of 20 KT to be operational by end-FY27 with ₹250 Cr allocated capex. Aspirational PBT-positive spread of $200/t; Q2 spread was $199/t including NRV reversal.
Risks
VCM prices catching up, compressing SPVC spreads; China oversupply; H1 net loss ₹181 Cr; restructuring update pending.
Last quarter's promises, checked
Delivered
- EBITDA-neutral at $120-130/t spread → Q2 EBITDA ₹111 Cr positive (= BEAT)
Partly delivered
- PVC-VCM spread ~$160/t from Sept → $199/t incl. NRV reversal, underlying not disclosed (= PARTIAL)
- ₹120 Cr NRV provision reversal in Q2 → reversal referenced, amount not disclosed (= PARTIAL)
Missed
- Strategic committee update 'once definitive' → restructuring update still pending (= MISS)
Earnings Call Transcript filed with BSE, NSE: CHEMPLASTS. Summary written with AI assistance from the document.
Chemplast Sanmar Ltd: key numbers
- Share price
- ₹236.87
- Market cap
- ₹3,745 Cr
- Revenue (annual)
- ₹4,224 Cr
- Net profit (annual)
- ₹-279.9 Cr
- P/E (TTM)
- -10.8×Sector 35.1×
- Promoter holding
- 54.99%+0.00% QoQ
- FII holding
- 10.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Chemplast Sanmar Ltd
All →Chemplast Sanmar Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue Rs 1,323 Cr (+28% YoY), EBITDA Rs 111 Cr (8% margin), PAT loss Rs 5 Cr. H1 PAT loss Rs 181 Cr. Speciality segments improving; commodity PVC and VAC still weak.
Chemplast Sanmar Q2 FY27 Results: Net Loss of ₹5.5 Cr, Loss Narrows
Chemplast Sanmar Ltd reported revenue from operations of ₹1,323 Cr (+28.1% YoY) and a net loss of ₹5.5 Cr for Q2 FY27.
- Key figure
- Net loss ₹5.5 Cr
Chemplast Sanmar Other Announcement
Chemplast Sanmar intimated that its RTA, KFin Technologies, will shift its corporate office from 1 December 2026. The RTA's registered office is unchanged.
Chemplast Sanmar Annual General Meeting
Chemplast Sanmar has issued a Notice of Postal Ballot seeking shareholder approval to appoint Mr Prashanth Vasu as Non-Executive, Non-Independent Director. E-voting runs from October 31 to November 29, 2026.
Chemplast Sanmar Board Meeting Date
Chemplast Sanmar will meet on 4 November 2026 to approve September quarter results. The trading window stays closed until 6 November 2026.
Chemplast Sanmar Other Announcement
Chemplast Sanmar Ltd has filed its quarterly shareholding pattern for the period ended September 2026, pursuant to SEBI Regulation 31(1)(b) disclosure requirements.