# PCBL Chemical (PCBL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/pcbl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹279.4
- Change: -1.41%
- As of: 2026-11-06
- 1D return: -1.41%
- 5D return: +0.88%
- 1M return: -12.48%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

PCBL’s technical setup on 2026-11-06 reflects a dominant medium-term downtrend with short-term volatility. The stock closed at ₹279.4, trading below all daily and monthly moving averages and the Supertrend, confirming bearish structure across these horizons. While the weekly Supertrend remains bullish, the price is below weekly MAs, indicating a potential trend conflict or consolidation phase. Trend strength is established on daily (ADX 28.88) and monthly (ADX 25.0) charts, suggesting persistent directional pressure rather than random noise. Recent anomalies include a high-severity upward gap on 2026-11-05 (+1.8%) and an extreme volume-price move on 2026-11-02 (+2.0%, volume ratio 4.14), which may signal short-covering or speculative interest but lack confirmation against the broader bearish backdrop. Price sits in the lower-middle of its 252-day range (+35.9% from low) and near the lower end of its 20-day range (+18.0%). Immediate resistance lies at ₹280.6 (0.43% above) and ₹285.3 (pivot). Support is found at ₹277.8 (-0.57%), with deeper levels at ₹273.1 and ₹270.66. With annualized volatility at +43.1% and current drawdown at -40.4%, risk remains elevated. A sustained close above ₹280.6 would be required to challenge the immediate bearish bias.

- Trend Structure: Bearish on daily and monthly timeframes (price below all MAs and Supertrend); weekly shows mixed signals (price below MAs but above Supertrend).
- Momentum & Volatility: High-severity upward gap on 2026-11-05 (+1.8%) and extreme volume spike on 2026-11-02 (+2.0%, vol ratio 4.14) suggest short-term activity, but ADX confirms established trend strength (Daily: 28.88; Monthly: 25.0).
- Key Levels: Resistance at ₹280.6 (0.43% above) and ₹285.3 (pivot). Support at ₹277.8 (-0.57%), ₹273.1, and ₹270.66.
- Risk Context: Current drawdown is -40.4% from available high; annualized volatility stands at +43.1%. Price is in the lower-middle of its 252-day range.

- Inside Bar
- Shooting Star
- Outside Bar
- Evening Star

### News Context

On November 3, 2026, two brokerage firms issued divergent recommendations for PCBL Chemical, highlighting a split in analyst sentiment regarding the stock's near-term trajectory. ICICI Securities assigned a 'Hold' rating with a price target of ₹275, suggesting limited upside potential or a need for caution at current levels. In contrast, Prabhudas Lilladher initiated a 'Buy' recommendation with a significantly higher target price of ₹360, indicating a more optimistic outlook on the company's prospects or valuation.

These conflicting views underscore the uncertainty surrounding PCBL Chemical's immediate performance drivers. The wide gap between the ₹275 and ₹360 targets reflects differing assumptions about future earnings, market conditions, or specific company catalysts that have not been detailed in the provided reports. For investors, this divergence signals that while some analysts see value below current prices, others believe the stock is fairly valued or overvalued. Monitoring subsequent corporate filings, earnings releases, or further analyst updates will be essential to determine which perspective aligns with the company's actual operational results.

- ICICI Securities issued a 'Hold' rating for PCBL Chemical on November 3, 2026, with a price target of ₹275.
- Prabhudas Lilladher issued a 'Buy' rating for PCBL Chemical on November 3, 2026, with a price target of ₹360.
- The ₹85 difference between the two price targets indicates significant divergence in analyst expectations for the stock's near-term performance.

- [Hold PCBL Chemical: target of Rs 275: ICICI Securities](https://www.moneycontrol.com/news/business/hold-pcbl-chemical-target-of-rs-275-icici-securities-14067644.html)
- [Buy PCBL Chemical; target of Rs 360: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-pcbl-chemical-target-of-rs-360-prabhudas-lilladher-14067544.html)

### What Changed

PCBL Chemical reported Q2 FY27 results for the quarter ended September 30, 2026, with consolidated revenue rising 14% YoY to ₹2,474 crores and PAT increasing 20% YoY to ₹74 crores. Carbon Black operations delivered per-tonne EBITDA of approximately ₹19,800 on sales volumes of 134,180 tonnes. Management maintained guidance for double-digit growth in average EBITDA per tonne over FY26 levels but revised volume growth expectations downward due to margin-focused decisions and geopolitical disruptions. Aquapharm Chemical posted revenues of ₹433 crores and EBITDA of ₹42 crores, targeting double-digit revenue growth for FY27. Strategic progress includes a nano-silicon pilot project via Nanovace, finalization of coal distillation capex, and infrastructure investments in the U.S. and Europe. The stock closed at ₹279.40 on November 6, 2026, down from ₹283.40.

- Q2 FY27 financials: Revenue up 14% YoY to ₹2,474 crores; PAT up 20% YoY to ₹74 crores; Carbon Black per-tonne EBITDA at ~₹19,800.
- Guidance update: Double-digit EBITDA per tonne growth maintained vs FY26, but volume growth targets lowered due to margin focus and geopolitical factors.
- Segment performance: Aquapharm Chemical reported ₹433 crores revenue and ₹42 crores EBITDA, with double-digit FY27 revenue growth targeted.
- Strategic developments: Progress on nano-silicon pilot (Nanovace JV), coal distillation capex finalization, and U.S./Europe infrastructure investments.

- [PCBL Chemical Limited has informed the Exchange about Q2 FY 27 Results Conference Call Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PCBL_06112026152914_IntimationofQ2FY27ResultsConferenceCallTranscript.pdf)
- [PCBL Chemical Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_721_WebXMLFile_20261106_153312920.xml)

### Official Filings

PCBL Chemical Limited reported consolidated financial results for Q2 and H1 FY27, showing revenue growth of 14% to ₹2,474 crores and profit after tax growth of 20% to ₹74 crores. Management highlighted strong performance in Carbon Black sales, with per-tonne EBITDA at approximately ₹19,800, while noting that volume growth targets may be lower than initially guided due to margin-focused decisions and geopolitical disruptions. The company also provided updates on its Aquapharm Chemical segment, which reported revenues of ₹433 crores, and strategic initiatives including a nano-silicon pilot project and infrastructure investments in the U.S. and Europe.

In governance developments, the Board approved a security cover certificate for debentures, demonstrating a ratio of 4.37 times against an initial requirement of 1.5x, secured by shares of subsidiary Aquapharm Chemical valued at ₹490 crores. Additionally, a postal ballot is underway to seek shareholder approval for the re-appointment of Mr. T.C. Suseel Kumar as a Non-Executive Independent Director for a second five-year term from October 2026 to October 2031.

- Q2 FY27 Consolidated Revenue: ₹2,474 crores (up 14% YoY); Profit After Tax: ₹74 crores (up 20% YoY).
- Carbon Black Segment: Sales volume of 134,180 tonnes; per-tonne EBITDA at ~₹19,800. Volume growth guidance lowered due to margin focus and geopolitical factors.
- Aquapharm Chemical: Reported revenues of ₹433 crores and EBITDA of ₹42 crores, targeting double-digit revenue growth for FY27.
- Governance & Debt: Security cover ratio for debentures stands at 4.37x (secured by ₹490 crore pledge in Aquapharm shares). Postal ballot open until Dec 2, 2026, for re-appointment of director T.C. Suseel Kumar.

- [PCBL Chemical Limited has informed the Exchange about Q2 FY 27 Results Conference Call Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PCBL_06112026152914_IntimationofQ2FY27ResultsConferenceCallTranscript.pdf)
- [PCBL Chemical Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_721_WebXMLFile_20261106_153312920.xml)
- [PCBL Chemical Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the month of October, 2026 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/PCBL_05112026112549_CertificateunderReg74ofSEBIDepositoriesforOctober2026.pdf)
- [PCBL Chemical Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter and half year ended 30th September, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PCBL_03112026124755_NewspaperPublicationofUnauditedFinancialResults.pdf)
- [PCBL Chemical Limited has informed the Exchange about Copy of Newspaper Publication Postal Ballot and E-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PCBL_03112026125252_NewspaperPublicationPostalBallotandEvotinginformation.pdf)
- [PCBL Chemical Limited has informed the Exchange about Updates- Patents |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PCBL_03112026170102_IntimationregardingPatents.pdf)
- [PCBL Chemical Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PCBL_02112026131934_FinalBMOutcomeheldon2112026.pdf)
- [PCBL Chemical Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/PCBL_02112026133253_IntimationofPostalBallotNoticetoStockExchanges.pdf)
- [PCBL Chemical Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_721_WebXMLFile_20261102_135212149.xml)
- [PCBL Chemical Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PCBL_02112026141702_IntimationofInvestorUpdateQ2FY27.pdf)

### Fundamentals

PCBL Chemical’s FY2026 performance reflects a challenging environment where top-line growth has stalled despite recent quarterly momentum, while profitability and returns have contracted significantly. For the full year ended March 2026, sales declined to ₹8,189 crore from ₹8,404 crore in FY2025, with operating profit falling 22% to ₹1,043 crore. Although the September 2026 quarter showed resilience with 14% YoY sales growth to ₹2,474 crore, sequential deterioration in Q2 FY2026-27 saw net profit drop sharply to ₹74.1 crore from ₹155 crore in Q1. Earnings quality metrics are under pressure: Return on Equity fell to 6% for the last year, and ROCE declined to 8% in March 2026. However, cash generation remains robust, with CFO/EBITDA improving to 158% in FY2026 and total Cash from Operations surging to ₹1,576 crore. The balance sheet shows deleveraging progress, with borrowings decreasing to ₹5,083 crore as of September 2026, though current liabilities rose to ₹4,755 crore. Institutional ownership is increasing, with DIIs raising their stake to 13.72% by September 2026.

- Profitability contraction: Full-year FY2026 net profit fell to ₹198 crore (from ₹435 crore in FY2025), with ROE dropping to 6% and ROCE to 8% in March 2026.
- Recent quarterly volatility: While Sep-2026 quarter sales grew 14% YoY to ₹2,474 crore, Q2 FY2026-27 net profit halved sequentially to ₹74.1 crore from Q1's ₹155 crore.
- Strong cash conversion: CFO/EBITDA ratio improved to 158% in FY2026, and Cash from Operating Activity reached ₹1,576 crore, indicating high earnings quality despite lower profits.
- Deleveraging trend: Total borrowings decreased to ₹5,083 crore as of Sep-2026 (from ₹5,571 crore in Mar-2025), supported by negative Cash from Financing Activity of ₹990 crore in FY2026.

### Bear Case

PCBL Chemical faces significant near-term technical headwinds, evidenced by a bearish daily Supertrend and negative slope indicators for both the 20-day EMA (-7.86) and SMA (-10.79). The stock has declined 14.7% over the past month and is down 21.3% year-over-year, with a current drawdown of -40.4% against a maximum historical drawdown of -50.5%. High annualized volatility of +43.1% underscores substantial price instability. While a 'Hold' recommendation from ICICI Securities cites a target of ₹275—just below the recent close of ₹279.4—the broader market setup reflects sustained selling pressure and weak momentum.

- Daily trend is bearish with negative slopes on key moving averages (EMA-20: -7.86; SMA-20: -10.79), indicating persistent downward momentum.
- Recent performance shows a -14.7% return over one month and a -21.3% return over one year, with a current drawdown of -40.4%.
- High volatility persists with an annualized volatility of +43.1% and an ATR percent of 3.92%, suggesting elevated risk.
- ICICI Securities maintains a 'Hold' rating with a price target of ₹275, implying limited upside from the November 6 close of ₹279.4.

- [Hold PCBL Chemical: target of Rs 275: ICICI Securities](https://www.moneycontrol.com/news/business/hold-pcbl-chemical-target-of-rs-275-icici-securities-14067644.html)
- [Buy PCBL Chemical; target of Rs 360: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-pcbl-chemical-target-of-rs-360-prabhudas-lilladher-14067544.html)
- [PCBL Chemical Limited has informed the Exchange about Q2 FY 27 Results Conference Call Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PCBL_06112026152914_IntimationofQ2FY27ResultsConferenceCallTranscript.pdf)
- [PCBL Chemical Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_721_WebXMLFile_20261106_153312920.xml)
- [PCBL Chemical Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the month of October, 2026 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/PCBL_05112026112549_CertificateunderReg74ofSEBIDepositoriesforOctober2026.pdf)
- [PCBL Chemical Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter and half year ended 30th September, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PCBL_03112026124755_NewspaperPublicationofUnauditedFinancialResults.pdf)
- [PCBL Chemical Limited has informed the Exchange about Copy of Newspaper Publication Postal Ballot and E-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PCBL_03112026125252_NewspaperPublicationPostalBallotandEvotinginformation.pdf)
- [PCBL Chemical Limited has informed the Exchange about Updates- Patents |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PCBL_03112026170102_IntimationregardingPatents.pdf)
- [PCBL Chemical Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PCBL_02112026131934_FinalBMOutcomeheldon2112026.pdf)
- [PCBL Chemical Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/PCBL_02112026133253_IntimationofPostalBallotNoticetoStockExchanges.pdf)

### FAQs

**What were PCBL Chemical's key financial results for Q2 FY27?**

For the quarter ended September 30, 2026, PCBL Chemical reported consolidated revenue of ₹2,474 crores (up 14% YoY), EBITDA of ₹310 crores (up 12% YoY), and profit after tax of ₹74 crores (up 20% YoY). Carbon Black sales volume was 134,180 tonnes with per-tonne EBITDA at approximately ₹19,800. Aquapharm Chemical contributed revenues of ₹433 crores and EBITDA of ₹42 crores.

**How has management updated its growth guidance following Q2 results?**

Management maintained guidance for double-digit growth in average EBITDA per tonne over FY26 levels. However, they noted that volume growth targets may be lower than initially guided due to margin-focused decisions and geopolitical disruptions. For Aquapharm Chemical, the company is targeting double-digit revenue growth for FY27.

**What are the current technical trends and price levels for PCBL Chemical?**

As of November 6, 2026, the stock closed at ₹279.40. The daily trend is bearish with a -14.7% return over the last month and a -21.3% return over the last year. Immediate resistance is seen at ₹280.60, while support lies at ₹277.80. The stock is currently trading within a -40.4% drawdown from its peak.

- [Hold PCBL Chemical: target of Rs 275: ICICI Securities](https://www.moneycontrol.com/news/business/hold-pcbl-chemical-target-of-rs-275-icici-securities-14067644.html)
- [Buy PCBL Chemical; target of Rs 360: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-pcbl-chemical-target-of-rs-360-prabhudas-lilladher-14067544.html)
- [PCBL Chemical Limited has informed the Exchange about Q2 FY 27 Results Conference Call Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PCBL_06112026152914_IntimationofQ2FY27ResultsConferenceCallTranscript.pdf)
- [PCBL Chemical Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_721_WebXMLFile_20261106_153312920.xml)
- [PCBL Chemical Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the month of October, 2026 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/PCBL_05112026112549_CertificateunderReg74ofSEBIDepositoriesforOctober2026.pdf)
- [PCBL Chemical Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter and half year ended 30th September, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PCBL_03112026124755_NewspaperPublicationofUnauditedFinancialResults.pdf)
- [PCBL Chemical Limited has informed the Exchange about Copy of Newspaper Publication Postal Ballot and E-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PCBL_03112026125252_NewspaperPublicationPostalBallotandEvotinginformation.pdf)
- [PCBL Chemical Limited has informed the Exchange about Updates- Patents |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PCBL_03112026170102_IntimationregardingPatents.pdf)
- [PCBL Chemical Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PCBL_02112026131934_FinalBMOutcomeheldon2112026.pdf)
- [PCBL Chemical Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/PCBL_02112026133253_IntimationofPostalBallotNoticetoStockExchanges.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹285.3
- Risk regime: Higher Price Risk

### Support levels
- 270.6625
- 262.265
- 255.725

### Resistance levels
- 313.0375
- 374.35
- 386.2125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.41% |
| return_10 | +1.66% |
| return_1m | -14.74% |
| return_1y | -21.34% |
| return_20 | -12.48% |
| return_3m | -13.98% |
| return_5 | +0.88% |
| return_6m | -8.65% |
| return_since_start | -39.07% |
| return_ytd | -5.69% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -50.48% |
| annualized_volatility | +43.13% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# PCBL Chemical Limited FY2026-27 Q2: Revenue Flat, Profit Halves QoQ

Consolidated revenue from operations was ₹2,474 crore in Q2 FY2026-27, virtually unchanged from Q1, while expenses increased 5.1% to ₹2,390 crore. Profit before tax fell 50.8% to ₹101 crore and profit after tax declined 52.1% to ₹74 crore. Year on year, however, revenue and profit after tax were higher.

## Revenue was steady as expenses increased

Revenue from operations edged up to ₹2,474 crore from ₹2,473 crore in Q1 FY2026-27, a 0.04% increase. It was 14.4% above the ₹2,164 crore recorded in Q2 FY2025-26. Total income rose 0.5% QoQ to ₹2,490 crore.

Expenses increased 5.1% QoQ to ₹2,390 crore and were 13.9% higher year on year. The rise in expenses alongside nearly flat revenue marked a weaker quarter-on-quarter operating result.

## Profit fell QoQ but remained above the year-ago level

Profit before tax was ₹101 crore, down from ₹204 crore in Q1 FY2026-27 but up from ₹78 crore in Q2 FY2025-26. Finance costs rose 12.3% QoQ to ₹104 crore. Tax expense fell to ₹26 crore from ₹49 crore in Q1, but profit after tax still declined to ₹74 crore from ₹155 crore. Compared with Q2 FY2025-26, profit after tax increased 20.2% from ₹62 crore.

Basic earnings per share was ₹1.88, down from ₹3.94 in Q1 FY2026-27 and up from ₹1.63 in Q2 FY2025-26. Comprehensive income was ₹28 crore, compared with ₹202 crore in Q1.

## Balance sheet: inventory and payables rose sharply

At 30 September 2026, inventories were ₹1,981 crore, up from ₹1,024 crore at 31 March 2026. Trade receivables increased to ₹1,589 crore from ₹1,395 crore, while trade payables rose to ₹2,428 crore from ₹1,447 crore.

Current assets increased to ₹4,101 crore from ₹2,968 crore, and current liabilities rose to ₹4,755 crore from ₹3,587 crore. Total assets were ₹12,421 crore, compared with ₹11,295 crore at 31 March 2026. Equity stood at ₹4,073 crore, up from ₹4,019 crore.

Total borrowings, combining current and non-current borrowings, were ₹4,927 crore at 30 September 2026, compared with ₹4,825 crore at 31 March 2026. Cash and cash equivalents were ₹159 crore, down from ₹230 crore at the March year-end.

## Key Takeaway

PCBL’s Q2 revenue was nearly unchanged QoQ, but higher expenses and finance costs coincided with a sharp decline in profit from the unusually stronger Q1. Year-on-year revenue and profit after tax were higher, while the marked increase in inventory, trade payables and current liabilities stands out in the September balance sheet.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +53.38%
- FII holding: +5.79%
- DII holding: +11.26%
- Mutual fund holding: +5.62%
- Retail holding: +21.39%
- Promoter pledged: +0.00%

### Major reported shareholders

- Rainbow Investments Limited — +47.43% (Bodies Corporate)
- Dotex Merchandise Private Limited — +2.71% (Bodies Corporate)
- Life Insurance Corporation Of India — +2.70%
- Sbi Life Insurance Co. Ltd — +2.36%
- Quest Capital Markets Limited — +2.17% (Bodies Corporate)
- Hdfc Trustee Company Ltd. A/C Hdfc Balanced Advantage Fund — +1.67%
- Bandhan Small Cap Fund — +1.66%
- Tata Mutual Fund - Tata Small Cap Fund — +1.25%
- Kerala State Industrial Development Corporation — +1.19%
- Stel Holdings Limited — +1.04% (Bodies Corporate)

## Official filings

- 2026-11-06 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_06112026152914_IntimationofQ2FY27ResultsConferenceCallTranscript.pdf)
- 2026-11-06 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_721_WebXMLFile_20261106_153312920.xml)
- 2026-11-05 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_05112026112549_CertificateunderReg74ofSEBIDepositoriesforOctober2026.pdf)
- 2026-11-03 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_03112026124755_NewspaperPublicationofUnauditedFinancialResults.pdf)
- 2026-11-03 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_03112026125252_NewspaperPublicationPostalBallotandEvotinginformation.pdf)
- 2026-11-03 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_03112026170102_IntimationregardingPatents.pdf)
- 2026-11-02 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_02112026131934_FinalBMOutcomeheldon2112026.pdf)
- 2026-11-02 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_02112026133253_IntimationofPostalBallotNoticetoStockExchanges.pdf)
- 2026-11-02 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_721_WebXMLFile_20261102_135212149.xml)
- 2026-11-02 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_02112026141702_IntimationofInvestorUpdateQ2FY27.pdf)
- 2026-11-02 — Financial Results Filing: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751276_02112026060932_WEB.xml)
- 2026-11-02 — Financial Results Filing: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751277_02112026060953_WEB.xml)
- 2026-11-02 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_02112026184236_IntimationofAudioLinktoSEs.pdf)
- 2026-11-02 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_721_WebXMLFile_20261102_185646748.xml)
- 2026-10-27 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_27102026164330_IntimationofScheduleofEarningsConferenceCallforQ2FY_27.pdf)
- 2026-10-27 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_721_WebXMLFile_20261027_182541147.xml)
- 2026-10-26 — Board Meeting Notice: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_26102026160445_PriorIntimationofBoardMeetingforQ2ended30thSeptember2026.pdf)
- 2026-10-26 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_721_WebXMLFile_20261026_165415268.xml)
- 2026-10-26 — Board Meeting Notice: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_721_WebXMLFile_20261026_165415268.xml)
- 2026-10-16 — Shareholding Disclosure: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739688_16102026013916_WEB.xml)
- 2026-10-13 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_13102026173908_ReappointmentofMrTCSuseelKumarasanIndependentDirector.pdf)
- 2026-10-13 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_721_WebXMLFile_20261013_174255010.xml)
- 2026-10-10 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_10102026173633_IntimationforincorporationofNanovaceAdvancedMaterialsLimited.pdf)
- 2026-10-09 — Management Change: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PCBL_09102026182426_FinalIntimationrelatingtoresignationofSMPoftheCompany.pdf)
- 2026-10-09 — Generic Announcement: PCBL Chemical Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_721_WebXMLFile_20261009_183509056.xml)

## News and market events

- 2026-11-03 — MONEYCONTROL: **Hold PCBL Chemical: target of Rs 275: ICICI Securities** — ICICI Securities has issued a 'Hold' recommendation for PCBL Chemical, setting a price target of Rs 275. This assessment was published by Moneycontrol on November 3, 2026. — [Source](https://www.moneycontrol.com/news/business/hold-pcbl-chemical-target-of-rs-275-icici-securities-14067644.html)
- 2026-11-03 — MONEYCONTROL: **Buy PCBL Chemical; target of Rs 360: Prabhudas Lilladher** — Prabhudas Lilladher has issued a 'Buy' recommendation for PCBL Chemical, setting a target price of Rs 360. The article provides this specific investment advice from the brokerage firm regarding the listed company. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-pcbl-chemical-target-of-rs-360-prabhudas-lilladher-14067544.html)
- 2026-10-10 — REDIFF.COM: **PCBL Subsidiary Launches New Unit For Advanced Battery Materials** — PCBL Chemical Ltd's subsidiary, Nanovace Technologies Ltd, has formed a new wholly-owned subsidiary, Nanovace Advanced Materials Ltd, to focus on advanced battery materials and next-generation energy storage technologies for various sectors including electric vehicles and consumer electronics. — [Source](https://www.rediff.com/business/report/pcbl-subsidiary-forms-new-firm-for-advanced-battery-materials/20261010.htm)
- 2026-10-07 — Mint: **Goenkas' RPSG bets on energy, chemicals, ITeS as its growth engines | Company Business News** — CESC Ltd, the group’s utility arm, deals with power distribution as well as renewable energy generation under its subsidiary Purvah Green Power Pvt Ltd. It has a market capitalization of a little over ₹17,400 crore. — [Source](https://www.livemint.com/companies/goenkas-rpsg-energy-chemicals-ites-bpo-growth-engines-firstsource-11791368668295.html)
- 2026-09-09 — MONEYCONTROL: **Buy PCBL Chemical; target of Rs 391: Prabhudas Lilladher** — Prabhudas Lilladher, PCBL Chemical, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-pcbl-chemical-target-of-rs-391-prabhudas-lilladher-14025851.html)
- 2026-08-18 — BUSINESS: **PCBL Chemical receives ECMS approval for Acetylene Black Project** — Acetylene Black is a critical conductive material used in lithium-ion batteries and various advanced industrial applications. The proposed project is expected to support the development of the domestic  advanced materials ecosystem, strengthen local supply chains, reduce import dependence, generate skilled employment opportunities, and enhance the Company's participation in the global value chain. — [Source](https://www.business-standard.com/markets/capital-market-news/pcbl-chemical-receives-ecms-approval-for-acetylene-black-project-126081800813_1.html)
- 2026-08-17 — CNBC-TV18: **Stocks to Watch for August 18: Paytm, Netweb Tech, Wipro, Syrma SGS and more** — From Samvardhana Motherson International’s proposed acquisition of a controlling stake in Shenzhen Autocruis Technology to the Delhi PWD cancelling Ceigall India’s ₹330.84-crore tender, here are the stocks to track ahead of Tuesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-18-paytm-samvardhana-motherson-wipro-syrma-sgs-and-more-19971184.htm)
- 2026-07-30 — BUSINESSTODAY: **PCBL Chemical shares tank 10% despite strong Q1 FY27 print; here's what brokerages say** — PCBL Chemical, PCBL Chemical shares, PCBL Chemical Q1 FY27, PCBL Chemical Q1 results, PCBL Chemical stock, PCBL Chemical share price, ICICI Securities, Nuvama Institutional Equities, Reduce rating, target price, EBITDA, inventory gains, Aquapharm, carbon black, crude oil prices, destocking, Q2 outlook, stock market, Indian stock market, earnings, PAT, revenue, brokerage views — [Source](https://www.businesstoday.in/markets/stocks/story/pcbl-chemical-shares-tank-10-despite-strong-q1-fy27-print-heres-what-brokerages-say-546264-2026-07-30)
- 2026-07-30 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty remains above 24,250; PCBL Chemical shares down 8%** — Sensex Today | Stock Market LIVE Updates: Today is the monthly expiry of the Sensex contracts. 24,000 on the downside is key for the Nifty, while the July 17 high of 24,367 is the first hurdle to cross on the upside — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-expiry-infosys-it-eicher-dabur-vedanta-irfc-asian-paints-share-price-liveblog-19957305.htm)
- 2026-07-30 — CNBC-TV18: **Q1 Results LIVE Updates: Eicher Motors target price raised; MTAR Tech up 5%, M&M reports today** — Q1 Results LIVE Updates: Bajaj Finance, M&M and Tata Steel are the three Nifty results for the day, along with broader market names like Hyundai Motor, Vedanta, Vedanta Aluminium, Swiggy, Mazagon Dock, Torrent Pharma, Thermax and many others. Eicher Motors, Dabur, three Vedanta demerged units, Bajaj Housing, Hexaware and many more also react to numbers. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-bajaj-finance-mm-tata-steel-eicher-dabur-mazagon-dock-swiggy-syngene-irfc-vedanta-aluminium-mtar-hyundai-lic-liveblog-19957385.htm)
- 2026-07-30 — The Hindu: **Sensex today | Stock Market Live:  Sensex, Nifty seen opening cautious amid Fed split, global headwinds** — Sensex, Nifty, Stock Price Live Updates:  Mixed global cues, a divided US Federal Reserve and renewed Middle East tensions are set to keep Indian equities cautious, while easing volatility, sustained FPI inflows, a stable rupee and robust Q1 earnings are expected to provide support during the ongoing consolidation phase. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-30th-july-2026/article71281731.ece)
- 2026-07-29 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty nears 24,300; Banking index above 500 points** — Sensex Today | Stock Market LIVE Updates: We are the halfway mark of the day's trade, and the bulls look in a strong position. The markets are on the rise, and are trading on a strong footing. The Nifty up over 240 points, jumping to 24,200. The Nifty Bank index is up 400 points, rising to 57,000. Infosys, Larsen & Toubro and HUL are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hul-asian-paints-adani-oil-lt-grse-it-dmart-share-price-liveblog-19956206.htm)
- 2026-07-29 — CNBC-TV18: **PCBL Chemical jumps 16% after Q1 profit surges 65%, announces interim dividend** — PCBL's total income increased to ₹2,477.8 crore from ₹2,119.9 crore a year ago, while profit before tax rose 70% to ₹204.3 crore from ₹120.2 crore. Earnings per share improved to ₹3.94 from ₹2.49 in the year-ago quarter. — [Source](https://www.cnbctv18.com/market/pcbl-chemical-share-price-jumps-16-pc-after-q1-profit-surges-65-pc-announces-interim-dividend-19956792.htm)

## Business profile

**Strategic vision:** Manufactures carbon black, performance materials, and specialty chemicals.

### Business segments
- **Carbon Black Manufacturing:** Manufactures Rubber Black and Specialty Black with a capacity of 790 KTPA.
- **Specialty Chemicals:** Acquired Aquapharm Chemicals, bringing expertise in Phosphonates, Polymers, Oil field Chemicals, and Biodegradable chelating agents with a capacity of 130 KTPA.
- **Nano Silicon Additives:** Developing nano silicon additives for lithium-ion battery anodes through Nanovace Technologies.
- **Green Power Generation:** Generates 122 MW per hour of green power across five locations in India.

### Competitive strengths
- Integrated manufacturing capabilities across diverse chemical products.
- Development of advanced materials for emerging technologies like lithium-ion batteries.
- Global manufacturing presence for specialty chemicals.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/pcbl
Markdown representation: https://faxioms.com/stocks/pcbl?render=md