Punjab Chemicals Crosses ₹1,000 Crore Revenue, Posts 54% Profit Jump in FY26

Derabassi-based agrochemical major declares ₹3 dividend as FY26 results impress

North Desk Bureau

Chandigarh, May 5

A company that began its journey in 1975 as a small chemicals unit in Punjab, set up in collaboration with the state government, has crossed a significant milestone — Punjab Chemicals and Crop Protection Limited (PCCPL) recently announced a standalone revenue of ₹1,025 crore for FY2025-26, becoming a four-figure revenue company for the first time.

The Derabassi-headquartered firm, listed on both BSE and NSE, also reported a 54% jump in standalone net profit — from ₹39.77 crore in FY25 to ₹61.43 crore in FY26 — results that reflect both operational efficiency and growing demand for its agrochemical and specialty chemical products.

For a company whose registered office and manufacturing roots lie in SAS Nagar district on the outskirts of Chandigarh, the numbers represent a quiet but significant coming-of-age moment.

From Oxalic Acid to Global Markets

PCCPL was established on November 19, 1975, as Punjab United Pesticides and Chemicals Ltd — a joint collaboration between Excel Industries Ltd, Mumbai, and the Punjab State Industrial Development Corporation (PSIDC). Its early years were modest, producing basic industrial chemicals like Oxalic Acid and Diethyl Oxalate for domestic consumption.

Over five decades, the company diversified steadily — into agrochemicals in the early 1990s, pharmaceuticals in 2003, and specialty and industrial chemicals over subsequent years. In 2006, all group companies were consolidated under the current name, Punjab Chemicals and Crop Protection Limited.

Today, its products are exported to major multinational companies across five continents, and the company undertakes contract manufacturing for both Indian and foreign multinationals.

Managing Director Shalil S Shroff, reflecting on the company’s evolution, has described PCCPL as a company that has “witnessed many sweet changes in its life cycle” — from a single manufacturing unit serving domestic needs to a multi-location, multi-product enterprise with an international trading division.

Punjab Chemicals : Clean Books, Shareholder Reward

The Board of Directors, at its meeting held on May 1, 2026, approved the audited results and recommended a dividend of ₹3 per equity share — a 30% payout on the face value of ₹10 per share — subject to shareholder approval at the ensuing Annual General Meeting.

The statutory audit was conducted by BSR & Co. LLP, Chartered Accountants — an affiliate of the global KPMG network — which issued an unmodified, or clean, opinion on both standalone and consolidated financial statements. In accounting terms, an unmodified opinion means the auditors found the financial statements to be a true and fair representation of the company’s position.

Stock Movement

PUNJABCHEM shares were trading on May 5 at ₹1,103.20 on the BSE, down 1.75% or ₹19.60 on the day, though the stock has remained broadly stable over the past five sessions, slipping just 0.04%.

The company’s paid-up equity capital stands at ₹12.26 crore, with other equity (reserves) of ₹430.63 crore on a standalone basis — indicating a well-capitalised balance sheet relative to its borrowings.

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