Petro Carbon & Chemicals Limited (PCCL) was incorporated on November 5, 2007, as a private limited company in Kolkata, West Bengal, and later converted to a public limited company with a fresh certificate of incorporation dated February 23, 2024. The company is part of the ATHA Group, a 70-year-old diversified Indian business house headquartered in Kolkata, founded by Mr. Kishor Kumar Atha in 1957 in Odisha as a Mining and Minerals company.
PCCL specializes in manufacturing and marketing of Calcined Petroleum Coke (CPC) in the carbon industry, operating on a B2B model and primarily supplying to government aluminum manufacturers, graphite electrode producers, titanium dioxide manufacturers, and other metallurgical, chemical, and steel industries. The company's plant has been operational since 1975, with detailed engineering and layout done by Engineers India Limited.
The manufacturing process involves heating raw petroleum coke to eliminate volatile impurities, resulting in enhanced properties that make it highly suitable for various manufacturing processes. These properties, along with low metals and ash contents, make calcined petroleum coke the best material currently available for making carbon anodes for smelting alumina to aluminum in electrolytic smelting processes. Applications span aluminum, titanium dioxide, electrode manufacturing, foundry, glass, metallurgical and chemical, and steel industries.
The company supplies its products to major aluminum manufacturing companies including Vedanta, Hindalco, and Nalco. PCCL has established a niche position in the CPC market with expanded capacity, enabling cost-effective management in importing CPC at competitive prices, which has boosted its bottom lines and resulted in capacity utilization reaching 92%.
Petro Carbon And Chemicals Ltd has an operating revenue of Rs. 715.09 Cr on a trailing 12-month basis. For the last three fiscal years, the company posted total income/net profit of Rs. 155.29 cr/Rs. 0.12 cr (FY21), Rs. 279.93 cr/Rs. 5.71 cr (FY22), and Rs. 517.61 cr/Rs. 6.72 cr (FY23). For 9 months of FY24 ended December 31, 2023, the company earned a net profit of Rs. 70.31 cr on total income of Rs. 447.11 cr.
The company currently does not pay dividends to its shareholders, despite reporting repeated profits. It has delivered a sales growth of 10.2% over the past five years, positioning itself strategically in the carbon industry's value chain serving critical industrial sectors.
• Trailing 12-Month Revenue: Rs. 715.09 Cr
• FY21 Performance: Total Income ₹155.29 Cr, Net Profit ₹0.12 Cr
• FY22 Performance: Total Income ₹279.93 Cr, Net Profit ₹5.71 Cr
• FY23 Performance: Total Income ₹517.61 Cr, Net Profit ₹6.72 Cr
• 9M FY24 Performance (ended Dec 31, 2023): Total Income ₹447.11 Cr, Net Profit ₹70.31 Cr
• ROE (Consolidated): 67.73% (last reported financial year)
• Annual Revenue Growth: 4%
• Pre-tax Margin: 22%
• Debt to Equity Ratio: 17%
• Average EPS (last three fiscals): ₹2.04
• Average RoNW (last three fiscals): 15.21%
• EBITDA: ₹594.87 M
• EBITDA Margin: 23.31%
• Market Capitalization: ₹442-445 Crores (as of recent reports)
• PE Ratio: 4.56 (as of March 28, 2025)
• PB Ratio: 0.32 (as of March 28, 2025)
• 52-Week High: ₹382.80
• 52-Week Low: ₹150.00
• Promoter Holding: 73.2%
• FII Holding: 1%
• DII Holding: 4.5%
• Public Holding: 21.3%
• Chairman & Managing Director: Vishal Atha
• Company Secretary & Compliance Officer: Manisha Somani
• Promoter Pledge: None reported
• Listed Exchange: NSE
• NSE Symbol: PCCL
• BSE Code: 39277
• ISIN: INE998U01015
The company successfully completed an Offer for Sale (OFS) of 66,17,600 equity shares as part of its public listing process. Management has indicated that margins have improved since December 2022, and these positive trends are expected to continue in the coming years.
Petro Carbon & Chemicals Ltd's stock represents a focused investment in India's carbon products sector, supported by its established market position, substantial client base, and improving financial performance, positioning it well within the metallurgical and chemical industries.
