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Chemtech Industrial Valves Ltd (537326)

📊 BSE: 537326 🏢 Industrial Products 📢 Latest filing: 02 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Chemtech Industrial's revenue was ₹11.4 Cr (+18.7% year on year, +12.8% on the previous quarter), and net profit ₹0.7 Cr (-77.0% year on year); the operating margin was 2.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹11.4	+18.7%	+12.8%
Operating profit	₹0.3	-91.8%	from loss
Net profit	₹0.7	-77.0%	+15.1%
EPS (₹)	0.37	-78.0%	+12.1%
Operating margin	2.3%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Chemtech Industrial Valves Re-Appoints Puneet Badkur as Whole-time Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 02 Oct 2026, 11:43 AM

Chemtech Industrial Valves Ltd announced that shareholders at its 30th AGM held on September 30, 2026, approved the re-appointment of Mr. Puneet Pradeep Badkur as Whole-time Director, liable to retire by rotation. Mr. Badkur, originally appointed for 5 years starting October 01, 2023, has over 9 years of experience with the company and oversees purchase and operations. The re-appointment is effective October 01, 2026. This is a routine governance continuity item with no direct financial impact on the company's ₹32 Cr TTM revenue base.

Shareholders approved the re-appointment of Mr. Puneet Pradeep Badkur at the 30th AGM on September 30, 2026
Effective re-appointment date is October 01, 2026
Mr. Badkur was originally appointed for a 5-year tenure starting October 01, 2023
He holds over 9 years of operational experience with the company and manages purchase and operations

💡 Track the upcoming quarterly financial results to evaluate operating margin recovery, as this administrative re-appointment represents operational continuity.

Chemtech Industrial Valves Expands MoA Objects to Renewable Energy, EPC, and M&A Activities

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 01 Oct 2026, 09:11 PM

Chemtech Industrial Valves Ltd announced that shareholders approved amendments to the Memorandum of Association (MoA) at its 30th AGM held on September 30, 2026. The amendments broaden the company's main objects to include equipment design and fabrication across industries such as data centres and semiconductors, as well as renewable energy project equipment (solar, wind, green hydrogen). Additionally, the company expanded incidental clauses to permit trading of industrial materials and corporate restructuring activities like acquisitions, joint ventures, and subsidiary formations.

Shareholders approved MoA amendments via special resolution at the 30th AGM on September 30, 2026
Clause III(A) amended to add sub-clauses 2 and 3 covering industrial fabrications and renewable energy equipment
Clause III(B) expanded with sub-clauses 32 and 33 allowing material trading and corporate M&A/JV structures
Scrutinizer report was received on October 01, 2026 at 6:19 P.M.

💡 Track subsequent quarterly filings to see whether these newly enabled business activities translate into actual commercial investments, M&A transactions, or revenue diversification beyond the current TTM revenue base of Rs 32 Cr.

Chemtech Industrial Valves Concludes 30th AGM; Notes Conversion of 5 Lakh Warrants at ₹200

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 03:23 PM

Chemtech Industrial Valves conducted its 30th Annual General Meeting on September 30, 2026. Chairman Harsh Badkur noted that FY26 saw revenue and profit moderation compared to FY25, while highlighting active inquiries from Tata Steel, L&T, and AMNS India. The Chairman also highlighted promoter support through the conversion of 5,00,000 warrants into equity shares at ₹200 per share in March 2026. Key resolutions placed for shareholder approval included altering the Object Clause of the MoA and raising limits under Section 186 for loans and investments.

Promoters converted 5,00,000 warrants into 5,00,000 equity shares at ₹200 per share in March 2026
Special resolutions proposed to alter MoA Object Clause and increase Section 186 loan/investment limits
Remote e-voting held between September 27, 2026 (09:00 AM) and September 29, 2026 (05:00 PM)
Engagement continues with key industrial clients including Tata Steel, Larsen & Toubro, and AMNS India

💡 Track the upcoming disclosure of final voting results and scrutinizer report to confirm approval of the MoA alteration and investment limit expansions.

Chemtech Valves Proposes Sec 186 Limit Hike to ₹100 Cr and Expands MOA Objects into Steel & Power

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 29 Aug 2026, 04:46 PM

The Board of Chemtech Industrial Valves has approved raising its Section 186 limits for investments, loans, and guarantees to ₹100 Crore, subject to member approval at the upcoming AGM on September 30, 2026. The ₹100 Crore ceiling represents ~92.6% of the company's net worth of ₹108 Crore and ~87% of its market cap of ₹115 Crore. Additionally, the Board approved altering its MOA Object Clause to participate in expanding capex opportunities across Steel, Thermal Power, and Renewable Energy sectors.

Board approved enhancement of limits under Section 186 of Companies Act to ₹100 Crore for investments, loans, and guarantees.
Proposed alteration of MOA Object Clause to enter Steel, Thermal Power, and Renewable Energy sector opportunities.
Annual General Meeting convened for September 30, 2026, at 11:00 AM IST via Video Conferencing.

💡 Track the outcome of the AGM on September 30, 2026, and watch for concrete announcements on specific capex or corporate investments following the mandate.

Chemtech Valves approves Rs 100 Cr Sec 186 limit & MOA object alteration for power/steel capex

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 29 Aug 2026, 04:41 PM

Chemtech Industrial Valves' Board has approved an increase in its Section 186 borrowing/investment limits up to Rs 100 Crore, subject to shareholder approval. For context, this Rs 100 Crore limit is substantial, representing ~92.6% of the company's net worth of Rs 108 Crore and ~87% of its Rs 115 Crore market cap. Additionally, the Board approved altering the Memorandum of Association (MOA) Object Clause to pursue capex opportunities in Steel, Thermal Power, and Renewable Energy sectors. An Annual General Meeting to vote on these proposals is scheduled for September 30, 2026.

Approved increase in Section 186 limits for investments, loans, and guarantees up to Rs 100 Crore.
Proposed Section 186 limit of Rs 100 Crore represents ~92.6% of the company's net worth of Rs 108 Crore.
Approved MOA Object Clause alteration to enter Steel, Thermal Power, and Renewable Energy supply chains.
Annual General Meeting (AGM) convened for September 30, 2026, at 11:00 AM IST via VC/OAVM to seek member approvals.

💡 Track the shareholder voting results at the AGM on September 30, 2026, and watch for any specific announcements regarding new product lines or order wins in the target sectors.

₹7.50 Cr Fundraise: Chemtech Industrial Valves Reports Zero Deviation in Fund Utilization

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Aug 2026, 04:08 PM

Chemtech Industrial Valves has submitted its statement of deviation for the quarter ended June 30, 2026, reporting zero deviation in the use of proceeds from its recent fundraise. The company raised ₹7.50 crore on March 27, 2026, through the conversion of 5,00,000 warrants into equity shares at ₹200 each. These funds are part of a larger ₹57.25 crore aggregate raised via preferential issues for capital expenditure and working capital. The Audit Committee reviewed and approved these findings on August 12, 2026.

₹7.50 crore raised on March 27, 2026, representing the final 75% payment for warrant conversion.
5,00,000 warrants were converted into equity shares at a price of ₹200 per share (₹10 face value + ₹190 premium).
Total aggregate funds raised through preferential modes, including previous allotments, stands at ₹57.25 crore.
Zero deviation reported in the utilization of funds for the intended purposes of capex and working capital.

💡 Investors should monitor future financial statements to track how the ₹57.25 crore total capital infusion is being deployed into specific capital expenditure projects and its impact on revenue growth.

₹11.36 Cr Q1 Revenue: Chemtech Industrial Valves Reports 18.7% YoY Growth, PAT Drops 77%

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 04:01 PM

Chemtech Industrial Valves reported a revenue of ₹11.36 Cr for Q1 FY27, marking an 18.7% increase over the ₹9.57 Cr reported in the same quarter last year. However, Net Profit witnessed a sharp decline of 77% YoY, falling to ₹0.69 Cr from ₹3.01 Cr, primarily due to a 71.5% surge in total expenses. Material costs rose significantly to ₹8.97 Cr compared to ₹7.52 Cr YoY. The company also confirmed the utilization of ₹7.50 Cr raised through warrant conversions in March 2026 for capital expenditure and working capital.

Revenue from operations increased 18.7% YoY to ₹11.36 Cr from ₹9.57 Cr.
Net Profit fell 77% YoY to ₹0.69 Cr, resulting in an EPS of ₹0.37 vs ₹1.68 YoY.
Total expenses surged to ₹11.48 Cr from ₹6.69 Cr in the previous year's corresponding quarter.
Cost of materials consumed stood at ₹8.97 Cr, representing 79% of revenue from operations.
Confirmed receipt of ₹7.50 Cr on March 27, 2026, from the conversion of 5,00,000 warrants at ₹200 per share.

💡 Investors should monitor the gross margin trend to see if the high material costs are a one-time occurrence or a structural shift. The deployment of the ₹57.25 Cr total preferential funds into revenue-generating assets will be the key catalyst to watch in future quarters.

Rs 11.36 Cr Revenue in Q1 FY27; Net Profit Drops 77% YoY

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 03:52 PM

Chemtech Industrial Valves reported Q1 FY27 revenue of Rs 11.36 Cr, an 18.7% increase from Rs 9.57 Cr in the same quarter last year. However, Net Profit fell sharply by 77% YoY to Rs 0.69 Cr, down from Rs 3.01 Cr, primarily due to higher material costs and the absence of high margins seen in the base year. The company also confirmed the utilization of Rs 7.50 Cr raised through warrant conversion for capital expenditure and working capital. The total preferential fundraise of Rs 57.25 Cr is significant, representing approximately 44% of the company's current market capitalization.

Revenue from operations increased 18.7% YoY to Rs 11.36 Cr for the quarter ended June 30, 2026.
Net Profit declined 77% YoY to Rs 0.69 Cr compared to Rs 3.01 Cr in the year-ago period.
Total expenses rose to Rs 11.48 Cr, with cost of materials consumed reaching Rs 8.97 Cr.
Confirmed utilization of Rs 7.50 Cr received from warrant conversion on March 27, 2026.
Aggregate preferential fundraise of Rs 57.25 Cr has been deployed for long-term funding and capex.

💡 Investors should monitor whether the recent Rs 57.25 Cr capital infusion leads to improved operating leverage in future quarters, as current margins have compressed significantly.

Aug 12 Board Meeting Scheduled to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 05 Aug 2026, 01:34 PM

Chemtech Industrial Valves has scheduled a board meeting for August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company saw a revenue decline of approximately 24.6% to ₹30.17 Cr from ₹40.04 Cr in FY25. The company currently maintains a debt-free balance sheet with a market capitalization of ₹122 Cr. Investors will be monitoring if the Q1 results show a recovery in operating margins, which stood at 12.23% for FY26.

Board meeting scheduled for August 12, 2026, to review Q1 FY27 results
Trading window for designated persons has been closed since July 01, 2026
Company reported a TTM revenue of ₹30 Cr and PAT of ₹5 Cr
Promoter holding slightly increased to 40.68% as of June 2026 from 39.03% in March 2026
The company remains debt-free with a D/E ratio of 0.00

💡 Monitor the financial results on August 12 to assess if the company can stabilize its revenue after the 24.6% annual decline observed in FY26.

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