Lords Chloro Alkali Limited (LCAL) is an India-based company primarily engaged in the manufacturing and export of caustic soda and other chemicals. Established in 1979, LCAL has evolved into a significant player in the chloro-alkali industry, particularly serving the North Indian market. The company has strategically established its sophisticated manufacturing facilities in Alwar, Rajasthan, a region historically characterized by a deficit in chloro-alkali production. This locational advantage allows LCAL to effectively cater to the consistent demand exceeding supply in the northern Indian markets, providing a competitive edge.
LCAL's product portfolio includes essential chemicals such as caustic soda lye (32% & 47%), caustic soda flakes (99.9%), liquid chlorine, hydrochloric acid, hydrogen gas, and sodium hypochlorite. The company also offers stable bleaching powder and bleach liquor. To ensure operational excellence, LCAL has modernized its processes, adopting advanced technologies, including collaboration with Asahi Chemicals of Japan for membrane cell technology in caustic soda manufacturing.
The company's products are vital for various industries, including paper, soap manufacturing, dyes, chemicals, plastics, and vegetable oil processing. LCAL serves these sectors across Uttar Pradesh, Haryana, Punjab, and Delhi through its dealership network. Furthermore, the company has expanded its reach globally, exporting to countries like Nepal, Bangladesh, South Africa, the UK, and Australia.
The company's integrated manufacturing facility is located in Alwar, Rajasthan. The Caustic-Soda Plant has been upgraded to a capacity of 220 t.p.d. (tonnes per day), designed to efficiently utilize by-products. LCAL has successfully transitioned its former 200 TPD Mercury Cell Plant into a modern Membrane Cell Plant. An ongoing project involving the installation of a DG set is expected to further enhance production capacity by an additional 70 MT upon commissioning.
LCAL adheres to high standards of quality and environmental management, evidenced by its certifications:
- ISO 9001:2015 (Quality Management System)
- ISO 14001:2015 (Environmental Management System)
- ISO 45001:2018 (Occupational Health and Safety Management System)
- Q4 FY2024-25 (March 2025):
- Revenue: ₹79.78 Crore
- Net Profit: ₹2.60 Crore
- Net sales increased by 27.71% Year-on-Year (YoY).
- Net profit showed a significant jump of 5300% compared to the same period last year.
- EBITDA surged by 227.27%.
- Earnings Per Share (EPS) increased to ₹1.03.
- Q3 FY2024-25 (December 2024):
- Net Profit: ₹1.27 Crore (compared to a net loss of ₹3.20 Crore in Q3 FY2023-24).
- Sales rose by 11.38% to ₹64.78 Crore (compared to ₹58.16 Crore in Q3 FY2023-24).
- Revenue (FY2023-24): ₹270 Crore
- Profit (FY2023-24): ₹6.18 Crore
- Sales Growth (Last 5 Years): The company has delivered a relatively poor sales growth of 5.82% over the past five years.
- Return on Equity (Last 3 Years): The company has a low return on equity of 11.3% over the last three years.
Lords Chloro Alkali Ltd has a reported market capitalization of approximately ₹410 Crore. Market cap figures can vary slightly based on the reporting date.
Key valuation metrics as of recent reporting include:
- Market Cap: Ranging from ₹359.35 Cr to ₹427 Cr (with some sources indicating a 36.8% increase in market cap over one year).
- Price-to-Earnings (PE) Ratio: 106.64
- Price-to-Book (PB) Ratio: 2.12
- 52-Week High: ₹216.00
- 52-Week Low: ₹117.25
- Promoter Holding: Increased to 74.66% as of March 2025 from 74.66% as of June 2024. The high promoter holding (74.7%) signifies strong management commitment and control over the company's operations.
- Auditor: Nemani Garg Agarwal & Co.
- Key Management:
- Chairman: [Name Not Specified in original text]
- Company Secretary: Hitesh Kumar
- Managing Director: Ajay Virmani
Lords Chloro Alkali Ltd is listed on the following Indian stock exchanges:
- BSE: 500284
- NSE: LORDSCHLO (Symbol for MODIALKALI)
The company's stock has demonstrated recent positive momentum:
- Last 12 Months: Share price moved up by 24.49% on BSE.
- Last 3 Months: Share price moved up by 13.99% on NSE.
Operational Challenges & Outlook:
The company operates in a cyclical industry that presents inherent challenges. There has been an increase in debtor days from 35.8 to 49.7 days and working capital days from 45.8 to 69.0 days, indicating potential working capital management challenges. Despite these operational considerations, the company's strategic location in North India and its diversified product offerings continue to position it for growth opportunities within the regional chemical market.
