PCBL Chemical Limited stands as India's largest and the world's 7th largest carbon black producer, with a total capacity of 790 KTPA—678 KT for rubber black and 112 KT for specialty black. In the chemicals segment, it ranks among the top 3 global producers of phosphonates, offering over 275 products, with phosphonates contributing over 50% of revenue. The company, incorporated on March 30, 1960, as a Public Limited Company, is part of the RP-Sanjiv Goenka Group India's youngest business group.
PCBL Chemical commands a market capitalization of ₹15,450 Crore as of recent data, with the market cap reaching ₹15,687 Crore according to Business Standard. The company operates in the materials and specialty chemicals segment with a production capacity of approximately 6,03,000 metric tons per annum and generating 98 megawatts per hour of green power.
The company's operations are divided into three main segments: Carbon Black, Power, and Chemicals. The Carbon Black segment is engaged in production through five manufacturing units located at Durgapur, Kochi, Palej, Mundra, and Tiruvallur District. The Power segment is engaged in generation of electricity, while the Chemicals segment focuses on manufacturing, marketing, and sale of water treatment chemicals and oil and gas chemicals.
The company's specialty chemicals are primarily used as pigments in plastics, inks, coatings, and many other applications. These are also used for high technology applications such as fiber, rechargeable batteries, and premium automotive coatings. The specialty chemicals-related product segments include fiber, food contact, pressure pipes, multi-layered films, drip irrigation, inks and coatings, general pipes, films and moldings, and engineering plastics.
For the quarter ended March 2025, PCBL Chemical's net profit declined 9.98% to ₹100.16 Crore compared to ₹111.26 Crore in the previous quarter ended March 2024. Sales rose 8.23% to ₹2,087.49 Crore in Q4 FY25 against ₹1,928.78 Crore in Q4 FY24.
For the full year ended March 2025, net profit declined 11.48% to ₹434.60 Crore compared to ₹490.94 Crore in FY24. However, sales rose significantly by 30.91% to ₹8,404.25 Crore in FY25 against ₹6,419.77 Crore in FY24.
- Revenue (Q4 FY25): ₹2,087.49 Crore
- Net Profit (Q4 FY25): ₹100.16 Crore
- Annual Revenue (FY25): ₹8,404.25 Crore
- Annual Net Profit (FY25): ₹434.60 Crore
- Dividend: ₹5.5 per equity share (550%) recommended as interim dividend.
Revenue from Carbon black increased 1.3% to ₹1,667.44 Crore in Q4 FY25. The power business reported revenue of ₹74.19 Crore, registering 4.94% YoY growth. Notably, revenue from the chemical segment jumped 56.87% YoY to ₹375.02 Crore in Q4 FY25.
PCBL Chemical has signed a technology transfer agreement with Chinese company Ningxia Jinhua Chemical Co. to produce Acetylene black in India. Acetylene black is a high-end conductive grade chemical with applications in high voltage power cables, Li Ion batteries, EV charging, Semiconductor packaging and conductive plastics, paints & coatings applications. The company plans to set up its first Acetylene Black plant in India to meet the fast-growing demand of the Indian Battery industry.
The company recently achieved a milestone with expansion at its Mundra facility, adding 20,000 MTPA to existing capacity, bringing the total specialty chemical capacity at Mundra to 40,000 MTPA. With this achievement, the company's combined manufacturing capacity now stands at 7,90,000 MTPA.
PCBL has recently set up a Joint Venture company, Nanovace Technologies Ltd, to develop nanosilicon products to be used in anodes of Li-Ion batteries. The company's subsidiary Nanovace has formed a US subsidiary to enter the battery chemicals market and localize supply chain.
Over recent years, PCBL has significantly expanded its specialty portfolio, launching over 50 grades under the Bleumina brand for engineered plastics, Nutone for inks, paints and coating applications, and Energia for conductive applications like conductive polymers, electrostatic discharge, wires and cables and battery.
The company's acquisition of Acetylene Black technology enables participation in fast-growth market segments, accelerating the move up the value ladder, enriching product mix, and leading to significant improvement in margin profile.
PCBL was awarded the highest 'A' rating in CDP's 2024 Supplier Engagement Assessment for sustainability. The company has a presence in over 45 countries.
PCBL exceeded the Indian Chemicals industry which returned 2.5% over the past year and outperformed the Indian Market which returned 2.4% over the past year.
PCBL Chemical, as India's largest carbon black producer, is optimistic about long-term demand. The company plans significant investments in capacity expansion and a JV for nano-silicon additives, expecting strong revenue and PAT growth by FY27.
PCBL aims to be a major player in conductive material segments. With technology acquisitions, the company now has multiple conductive technology platforms - Furnace Black, Nanovace, and Acetylene Black, making it part of the select club of multi-platform Carbon Black manufacturers.
The company's strategic focus on specialty chemicals, sustainable practices, and technology innovations positions it well for future growth in the expanding carbon black and specialty chemicals markets.
