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Company details

6M Return 6.31%
1Y Return 13.00%
Mkt Cap.(Cr) 7,580.58
Volume 94,944
Div Yield 0.00%
OI Chg %
Volume 94,944

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Specialty Chemicals company Chemplast Sanmar announced Q2FY24 results:

Financial Performance:
- Revenue from Operations for Q2FY24 amounted to Rs 988 crore, a decrease of 17% YoY.
- EBITDA for Q2FY24 was Rs 46 crore, with an EBITDA margin of 5%.
- PAT for Q2FY24 was Rs 26 crore, with a PAT margin of 3%.

Pricing and Demand:
- Prices of both Suspension and Paste PVC were marginally higher in Q2FY24 on a QoQ basis. Prices were 2.5% to 5% higher sequentially.
- Caustic Soda and Chloromethanes prices witnessed further correction in Q2FY24 compared to Q1FY24.
- Imports of both Suspension and Paste PVC saw an increasing trend towards the end of Q2, resulting in some correction in prices in October.
- Demand for PVC products remains strong, especially in the infrastructure and real estate sectors.

Other Chemicals Business:
- The Other Chemicals business (Caustic Soda, Chloromethanes, Hydrogen Peroxide, Refrigerant gases) experienced pricing pressures due to weak demand and excess supply in the Indian market.
- Some signs of price recovery were observed towards the end of October.

Projects Update:
- CMC Phase 1 was commissioned by the end of September 2023 and is being ramped up.
- CMC Phase 2 is on track for completion by the end of FY24.
- The paste PVC project is on track for commissioning in Q3FY24.

Commenting on the results, Ramkumar Shankar, Managing Director, said, “Following a tepid Q1FY24, Q2FY24 witnessed a relatively better performance mainly due to improvement in prices of both Suspension and Paste PVC coupled with lower feedstock prices. The top line was flat while EBITDA was back in the black during the quarter. However, the imports of both Suspension and Paste PVC witnessed an increasing trend towards the end of Q2 with heavy arrivals from China. This trend has spilled over to Q3 as well, resulting in some correction in prices in October. We expect the PVC margins to be under pressure in Q3.

The demand outlook for our PVC products, however, remains strong with a boom in the infrastructure and real estate sectors. We expect the recovery in prices and margins to be gradual over the next 2-3 quarters.

The Other Chemicals (Caustic Soda, Chloromethanes, Hydrogen Peroxide, Refrigerant gases) business continued to witness pricing pressures during the quarter due to weak demand, excess supply situation in India due to recent capacity additions, and the global slowdown. There are some initial signs of recovery in prices towards the end of October.

The inquiries for our Custom Manufactured Chemicals Division’s business continue to remain robust. To effectively address the growing demand, we continue to enhance our capabilities. With the recent signing of the third LOI with a global agrochemical innovator for an Active Ingredient, we have strong visibility with respect to steady-state capacity utilization of the new production block and are on track to achieve Rs 1000 crore revenues in the next 3-4 years

While we face headwinds in the near term, the business prospects for our products continue to be strong in the medium to long term. With the projects on track for commissioning as per the slated timelines, we are confident of delivering a healthy performance in the future.”

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Chemplast Sanmar Ltd Stocks COMPARISION


Equity Capital: 1,824.14 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,382.05 35,983.55
LAST 3M 58,542.74 18,995.44
LAST 6M 99,640.08 90,958.37
LAST 12M 166,983.77 138,194.89

Chemplast Sanmar Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Chemplast Sanmar Ltd (formerly known as Chemicals & Plastics India (CPIL)), incorporated in 1985 was promoted as Urethanes India by Chemplast, the flagship of the Sanmar Group, Tamil Nadu. It became a fully-owned subsidiary of Chemplast in 1991 when the name was changed to the present one. The Company is a leading speciality chemicals manufacturer with focus on speciality paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. It is the largest manufacturer of speciality paste PVC resin In addition, it is the third largest manufacturer of caustic soda and largest manufacturer of hydrogen peroxide in South India and one of the oldest manufacturers of Chloromethanes in India. The company set up a 2500 TPA Thermoplastic Polyurethane Plant in Tamil Nadu in technical collaboration with BF Goodrich Company, US. It manufactures caustic soda, chlorine, chlorinated solvents, PVC, refrigerant gases and industrial alcohol. In 1991-92, the capacity of PVC was enhanced to 48,000 TPA, making it the third largest manufacturer of PVC resin in the country. The company formed Peroxides India in collaboration with Atochem, US, for a wide variety of polymerisation initiators; and Drechem Speciality Chemicals, in technical collaboration with Dragoco, Germany, to manufacture aromatic chemicals. The PVC capacity is being enhanced from 48,000 TPA to 60,000 TPA and that of chloromethanes is being enhanced to 25,000 TPA. In 1995-96, Metkem Silicon, a subsidiary of the company manufacturing poly and mono crystalline silicon was merged with the holding company. During the same period, the thermoplastics polyuerthane division of the company was spun-off into a joint venture with Bayer, Germany. It also has entered into a joint venture with Cabot Corporation, US, for the manufacture of fumed silica as a springboard. The company is in advanced stage of discussing raw material tie-ups for its proposed shore-based PVC project. As a measure of conservation of power, the company is replacing shell and tube acid cooler and condensers with plate heat exchangers in the Chlor-alkali process. The company has taken on hand a backward integration captive project for setting up an oxychlorination with the capital outlay of over Rs 60 crores. This will help the company to improve captive feedstock (EDC) capacity, leading to lower dependence on imported feedstock. During 2000-01, the company brought on stream an oxychlorination plant which would increase captive production of EDC and reduce dependence on imports and also significantly reduce the environmental impact of its operations. Subject to necessary approvals the company planned to amalgamate Sanmar Properties & Investments Ltd(SPIL) excluding its Investment and Shipping business w.e.f. Nov 2, 2003. SPIL`s Investment and Shipping division would be demerged to Sanmar Holdings Ltd effective from Nov 1, 2003. SPIL Sharehodlers get one Equity Share of Chemplast Sanmar for every share in SPIL. During the year 2018-19, the Suspension PVC Business of the Company was demerged as a going concern and vested with Chemplast Cuddalore Vinyls Limited, and the Company`s holding company Sanmar Speciality Chemicals Limited was merged with the Company effective from 1 April, 2018. Consequent to the Scheme of Arrangement, Sanmar Holdings Limited. became the Company`s holding Company. A new 41 ktpa Chloromethanes Plant at Dahej was commissioned during the year 2019-20. During year 2022-23, wholly owned subsidiary of the Company, Chemplast Cuddalore Vinyls Limited (CCVL), completed its debottlenecking project, adding 10% to its production capacity.

Registered Address

9 Cathedral Road, , Chennai, Tamil Nadu, 600086

Tel : +91-44-28128500
Email : grd:sanmargroup.com
Website : http://www.chemplastsanmar.com

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543336
Book Closure Date (Month) :
BSE Group : A
ISIN : INE488A01050

FAQ’s on Chemplast Sanmar Ltd Shares

You can buy Chemplast Sanmar Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Chemplast Sanmar Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 03:54 PM the closing price of Chemplast Sanmar Ltd was ₹ 479.45.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 03:54 PM, the market cap of Chemplast Sanmar Ltd stood at ₹ 7,580.58.

The latest PE ratio of Chemplast Sanmar Ltd as of Dec 08, 2023 03:54 PM is 214.84

The latest PB ratio of Chemplast Sanmar Ltd as of Dec 08, 2023 03:54 PM is 0.03

The 52-week high of Chemplast Sanmar Ltd is ₹ 543.25 while the 52-week low is ₹ 342.05

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