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Alkali Metals Limited (ALKALI)

₹86.56 -0.67% last close, 16 Oct

📊 NSE: ALKALI 🏢 Chemicals 📢 Latest filing: 12 Oct 2026 📝 Analysis written: 13 Dec 2025

Q2 FY27 results

Alkali Metals Limited reported Q2 FY27 results on 12 Oct 2026: revenue ₹27.3 Cr (+45.3% year on year, +55.2% on the previous quarter), and net profit ₹0.6 Cr (against a loss a year earlier); the operating margin was 4.7%.

Q2 FY27 (₹ Cr)	Value	YoY vs Q2 FY26	QoQ
Revenue	₹27.3	+45.3%	+55.2%
Operating profit	₹1.3	+616.2%	from loss
Net profit	₹0.6	from loss	from loss
EPS (₹)	0.56	from loss	from loss
Operating margin	4.7%	—	—

Turnaround: profit against a loss a year ago
Operating margin expanded 377 bps YoY
81% of pre-tax profit came from other income and one-off items

Quality of profit: of pre-tax profit of ₹0.6 Cr, ₹0.1 Cr (19%) came from the core business and the rest from other income and one-off items.

Share price since the results: -3.2% (close before the filing to the latest close).

Full quarterly financials → Margins & quality of profit → All Q2 FY27 results → Results calendar →

ALKALI exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at a price band (circuit) on 5 sessions in about the last 20.

₹86.56NSE close · -0.67%

Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Alkali Metals Appoints Y.V. Prashanth as Executive Director for a 3-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 12 Oct 2026, 04:56 PM

Alkali Metals Limited has announced the appointment of Mr. Y.V. Prashanth as an Executive Director for a tenure of 3 years, effective 12th October 2026. The appointment is subject to the approval of shareholders at an upcoming Extra Ordinary General Meeting (EGM). Mr. Prashanth, who holds a B. Pharmacy and an MS in Pharmacy from the USA, previously served as an Executive Director of the company and has functional experience in liquidity management, client development, and marketing. He is part of the promoter group, being the son of Managing Director Y.S.R. Venkata Rao and brother to Non-Executive Director Y. Lalithya Poorna.

Appointment of Mr. Y.V. Prashanth as Executive Director effective 12th October 2026
Appointed for a fixed tenure of 3 years, subject to EGM approval
Appointee is a promoter family member (son of MD Y.S.R. Venkata Rao and brother of Director Y. Lalithya Poorna)
Brings educational background in pharmacy (B. Pharmacy and MS in Pharmacy from USA) and previous executive experience with the company

💡 Track the upcoming shareholder voting at the EGM to approve the appointment and monitor subsequent filings regarding compensation or executive responsibilities.

Alkali Metals Corrects Director Identification Number (DIN) for Y. V. Prashanth

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 12 Oct 2026, 04:50 PM

Alkali Metals Limited submitted an administrative correction regarding the outcome of its Board Meeting held on 12 October 2026. The company noted that the Director Identification Number (DIN) of Mr. Y. V. Prashanth was inadvertently misstated in the earlier filing. The corrected DIN has been updated to 00345418. This is a clerical correction with zero operational or financial impact on the business.

Clerical correction issued for the Board Meeting outcome dated 12 October 2026
Corrected DIN for Mr. Y. V. Prashanth stated as 00345418
Filing contains no operational, commercial, or financial updates

💡 No action is needed as this is a purely administrative correction. Investors should focus on upcoming quarterly operational updates and financial results.

Alkali Metals Q2 FY27 PAT at Rs 0.58 Cr; Revenue jumps 45% YoY to Rs 27.27 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 12 Oct 2026, 02:27 PM

Alkali Metals reported Q2 FY27 revenue from operations of Rs 27.27 Cr, representing a 45.2% growth YoY compared to Rs 18.77 Cr in Q2 FY26 and a 55.2% sequential increase from Q1 FY27. The company turned profitable with a net profit of Rs 57.57 Lakhs compared to a net loss of Rs 91.34 Lakhs in the year-ago quarter. Export sales rose sharply to Rs 13.60 Cr, more than doubling sequentially from Rs 6.37 Cr. Additionally, the Board approved the appointment of Mr. Y.V. Prashanth as Executive Director effective October 12, 2026, subject to shareholder approval.

Revenue from operations rose 45.2% YoY to Rs 2,726.59 Lakhs from Rs 1,877.36 Lakhs.
Turnaround to net profit of Rs 57.57 Lakhs vs a net loss of Rs 91.34 Lakhs in Q2 FY26.
Export revenues surged to Rs 1,360.14 Lakhs vs Rs 765.78 Lakhs in Q2 FY26.
Operating cash flow for H1 FY27 stood at negative Rs 117.50 Lakhs vs positive Rs 177.91 Lakhs in H1 FY26.
Approved appointment of Mr. Y.V. Prashanth as Executive Director.

💡 Track whether strong export revenue momentum sustains into H2 FY27 and monitor operating cash flow recovery following inventory buildups.

Alkali Metals 58th AGM: Shareholders Reject Re-Appointment of MD & Executive Director

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 30 Sep 2026, 06:40 PM

Alkali Metals submitted the minutes of its 58th AGM held on August 21, 2026, revealing that two key management resolutions failed to pass. Shareholders rejected the re-appointment and proposed remuneration of Managing Director Sri Y.S.R. Venkata Rao (effective May 2027) and Executive Director Mr. Y.V. Prashanth (effective June 2026) due to insufficient votes for special resolutions. Meanwhile, ordinary resolutions approving the financial statements, a final dividend of ₹1 per share, and other director appointments were approved.

Resolution to re-appoint Managing Director Sri Y.S.R. Venkata Rao failed with only 12,640 votes in favour vs 7,326 against (insufficient special majority)
Resolution to appoint Executive Director Mr. Y.V. Prashanth failed with only 13,970 votes in favour vs 5,726 against
Final dividend of ₹1 per equity share of ₹10 approved with 69,49,396 votes in favour
Out of 7 AGM resolutions, only 5 received requisite shareholder approvals

💡 Monitor upcoming board announcements and filings to see how the company addresses leadership continuity and restructured executive compensation proposals.

Y.V. Prashanth Ceases as Executive Director After Requisite Majority Fails at 58th AGM

🔴 NEGATIVE ⭐ 5/10

MANAGEMENT 📅 28 Aug 2026, 01:04 PM

Alkali Metals Limited announced that Mr. Y.V. Prashanth has ceased to hold office as Executive Director after the resolution for his appointment/re-appointment failed to secure the requisite majority at the 58th Annual General Meeting (AGM). However, he will continue to serve on the company's Board as a Non-Executive, Non-Independent Director. The promoter group currently holds 69.59% in the Rs 69 Cr market cap specialty chemical company.

Resolution concerning Mr. Y.V. Prashanth (DIN: 00345418) failed to secure the requisite majority at the 58th AGM.
Mr. Y.V. Prashanth ceased to hold office as Executive Director of the company with immediate effect.
Mr. Prashanth will continue on the Board in the capacity of a Non-Executive, Non-Independent Director.

💡 Monitor upcoming board announcements regarding redistribution of executive responsibilities and detailed voting results for insights into shareholder dissent.

Alkali Metals AGM: Shareholders Reject Re-appointment of MD & Appointment of Executive Director

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 21 Aug 2026, 06:03 PM

At the 58th AGM held on August 21, 2026, shareholders of Alkali Metals Limited approved 5 out of 7 resolutions but rejected 2 key special resolutions regarding leadership. The special resolution for the re-appointment of Sri Y.S.R. Venkata Rao as Managing Director failed with only 63.26% votes in favour (against 75% required). Similarly, the appointment of Mr. Y.V. Prashanth as Executive Director was rejected with 70.93% votes in favour after promoters abstained (69,33,709 shares) from voting on these related-party resolutions.

Re-appointment of Sri Y.S.R. Venkata Rao as MD w.e.f. May 1, 2027 defeated with 36.74% votes against (12,460 votes for vs 7,236 against).
Appointment of Mr. Y.V. Prashanth as Executive Director w.e.f. June 1, 2026 defeated with 29.07% votes against (13,970 votes for vs 5,726 against).
Promoter group abstained 69,33,709 shares on both executive appointment resolutions, leading to low voting turnouts and failure to hit the 75% threshold.
Resolutions for FY26 financial statements adoption and dividend declaration approved with over 99.9% majority.

💡 Track subsequent board announcements regarding leadership succession plans and whether the company re-tables the management appointments via postal ballot or alternative governance structures.

Alkali Metals Concludes 58th AGM; Key Re-appointments and Dividend on Agenda

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 02:57 PM

Alkali Metals Limited conducted its 58th Annual General Meeting on August 21, 2026, via video conferencing. Key ordinary and special business items considered included the adoption of FY26 financial statements, declaration of dividend for FY25-26, and the re-appointment of Managing Director Sri Y.S.R. Venkata Rao for a 3-year term starting May 1, 2027. Additionally, the appointment of Mr. Y.V. Prashanth as Executive Director for 3 years from June 1, 2026, and Sri Sivarama Prasad Bhamidi as Independent Director for 5 years were placed for approval. Scrutinizer voting results will be disclosed separately.

58th Annual General Meeting held on August 21, 2026, from 11:04 AM to 11:46 AM IST
Special resolution proposed for re-appointment of Managing Director for 3 years w.e.f. May 1, 2027
Special resolution proposed for appointment of Executive Director for 3 years w.e.f. June 1, 2026
Ordinary resolution proposed for appointment of Independent Director for 5 years w.e.f. July 20, 2026

💡 Track the upcoming formal submission of the Scrutinizer's Report to verify voting outcomes on proposed dividend and director appointments.

Aug 14 Set as Record Date for Dividend and 58th Annual General Meeting

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 05 Aug 2026, 06:22 PM

Alkali Metals Limited has fixed August 14, 2026, as the record date to determine shareholder eligibility for a dividend and participation in its 58th Annual General Meeting (AGM). The AGM is scheduled for August 21, 2026, where the dividend, if any, will be formally declared. This follows a recovery in FY26 where the company posted a net profit of Rs 0.57 Cr compared to a loss of Rs 5.8 Cr in FY25. The company's market capitalization remains small at Rs 69 Cr with a high P/E of 121.7.

Record date for dividend and AGM eligibility is August 14, 2026
58th Annual General Meeting scheduled for August 21, 2026, at 11:00 AM
Book closure period set from August 15 to August 21, 2026
Remote e-voting window open from August 18 (9:00 AM) to August 20 (5:00 PM)
Company reported TTM revenue of Rs 93 Cr and TTM PAT of Rs 1 Cr

💡 Investors should ensure shares are in their demat account by the record date of August 14 to be eligible for the dividend. Watch for the AGM proceedings for updates on the Visakhapatnam unit's capacity utilization.

58th AGM on Aug 21; MD Re-appointment Proposed with ₹9.07 Lakh Monthly Basic Pay

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 29 Jul 2026, 06:11 PM

Alkali Metals Limited has scheduled its 58th Annual General Meeting (AGM) for August 21, 2026, to approve FY26 financial statements and a dividend. A key resolution includes the re-appointment of Managing Director Y.S.R. Venkata Rao for three years starting May 2027, with a proposed basic pay of ₹9.07 lakh per month plus a 5% profit commission. The company also seeks to appoint Y.V. Prashanth as Executive Director with a basic pay of ₹6.67 lakh per month. Management noted that recent profit inadequacy is due to high overheads, though they expect improvements through operational optimization.

58th AGM scheduled for August 21, 2026, via video conferencing
Proposed MD basic salary of ₹9,07,500 per month plus 5% commission on net profits
Proposed Executive Director basic salary of ₹6,67,000 per month effective June 1, 2026
Appointment of Sivarama Prasad Bhamidi as Independent Director for a 5-year term
Company reported a thin TTM PAT of ₹1 Cr against a TTM revenue of ₹93 Cr

💡 Investors should monitor the voting results of the AGM, particularly regarding the high managerial remuneration relative to the company's current net profit levels.

Alkali Metals Appoints Sivarama Prasad Bhamidi as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Jul 2026, 03:27 PM

Alkali Metals Limited has appointed Mr. Sivarama Prasad Bhamidi as a Non-Executive Independent Director for a five-year term effective July 20, 2026. Mr. Bhamidi brings 37 years of industrial experience, including a former role as Executive Director at Bharat Dynamics Limited and expertise as an Insolvency Professional. This appointment is intended to ensure compliance with SEBI (LODR) board composition requirements. For a company with a small market cap of ‡84 Cr and inconsistent profitability (TTM PAT of ‡1 Cr), the addition of a director with both chemical engineering and cost accountancy backgrounds is a notable governance step.

Appointment of Mr. Sivarama Prasad Bhamidi for a fixed tenure of 5 years starting July 20, 2026.
Appointee possesses 37 years of experience in production management, marketing, business development, and finance.
Educational qualifications include B.Tech (Chemical Engineering) and Cost Accountancy (AICMAI).
The appointment aims to satisfy SEBI (LODR) regulations regarding the composition of the Board of Directors.
Company context: TTM revenue stands at ‡93 Cr with a low operating profit margin of 8.1%.

💡 Investors should watch for any strategic shifts in manufacturing efficiency or financial discipline, given the new director's background in chemical engineering and cost accountancy.

June 30, 2026: Routine SEBI Regulation 74(5) Compliance Filing

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jul 2026, 12:06 PM

Alkali Metals Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Cameo Corporate Services Limited, confirms that all dematerialization requests for the quarter ended June 30, 2026, were processed within the mandated 15-day period. This includes the mutilation and cancellation of physical certificates and updating the register of members. As a routine administrative filing, it has no impact on the company's financial position, which currently shows a TTM revenue of ₹93 Cr and a thin PAT of ₹1 Cr.

Compliance certificate issued for the quarter ended 30th June 2026
Dematerialization requests processed and confirmed within 15 days
Company maintains a TTM revenue of ₹93 Cr with a low OPM of 8.1%
TTM PAT stands at ₹1 Cr with a debt-to-equity ratio of 0.40

💡 This is a standard regulatory filing with no impact on business fundamentals. Investors should monitor upcoming quarterly results to see if the company can improve its ROCE of 8.7% and address low capacity utilization at its Visakhapatnam unit.

ICRA Reaffirms [ICRA]BB+ Rating for ₹25 Cr Facilities; Outlook Improved to Stable from Negative

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 03 Jul 2026, 11:58 AM

ICRA has reaffirmed Alkali Metals' long-term rating at [ICRA]BB+ and short-term rating at [ICRA]A4+ for bank facilities totaling ₹25 crore. Crucially, the outlook has been revised from 'Negative' to 'Stable', indicating a reduced risk of a credit downgrade in the near term. The rated long-term debt of ₹18 crore matches the company's total reported debt of ₹18 crore. This outlook improvement follows a period of financial volatility where the company faced squeezed margins and low capacity utilization.

Outlook revised to Stable from Negative for ₹18.00 crore long-term fund-based facilities
Short-term rating reaffirmed at [ICRA]A4+ for ₹7.00 crore non-fund-based facilities
Total bank facilities rated by ICRA amount to ₹25.00 crore, approximately 27% of TTM revenue
The rated long-term debt of ₹18.00 crore represents 100% of the company's reported debt of ₹18 crore
Interest coverage ratio must stay above 2.3x to avoid future credit downgrades

💡 Monitor upcoming quarterly results for improvements in capacity utilization at the Visakhapatnam unit and the interest coverage ratio to ensure the 'Stable' outlook is maintained.

Alkali Metals Limited: Trading Window Closure for Q1 FY2026-27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 03:55 PM

Alkali Metals Limited has announced the closure of its trading window for all designated persons starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. The window will remain closed until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. This is a standard regulatory procedure for the company, which reported a TTM revenue of ₹93 Cr and a thin TTM PAT of ₹1 Cr. The specific date for the board meeting to approve these results is yet to be announced.

Trading window closure commences on July 1, 2026, for the Q1 FY2026-27 reporting cycle.
Restriction applies to all designated persons including Promoters, who hold a 69.59% stake in the company.
The window will reopen 48 hours after the official declaration of Q1 financial results.
Company reported a significant recovery in Mar 2026 quarter with a PAT of ₹4.02 Cr compared to a loss of ₹1.39 Cr in Dec 2025.

💡 Monitor the upcoming announcement for the board meeting date to review Q1 FY2026-27 results, focusing on whether the company can maintain the profitability seen in the March 2026 quarter.

Alkali Metals Promoters Confirm No New Share Encumbrances for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 22 Jun 2026, 03:39 PM

Alkali Metals Limited has submitted an annual declaration from its promoter group under Regulation 31(4) of SEBI Takeover Regulations. The promoter, Y.S.R. Venkata Rao, confirmed that the promoter group and persons acting in concert (PAC) did not create any new encumbrances on their equity shares during the financial year ended March 31, 2026. The filing clarifies that any existing encumbrances have already been disclosed to the exchanges. This is a routine annual compliance filing intended to provide transparency regarding promoter share pledging.

Promoters declared zero new encumbrances or pledges on equity shares for the financial year ended March 31, 2026.
The declaration was submitted by Y.S.R. Venkata Rao on behalf of the entire promoter group and Persons Acting in Concert (PAC).
Compliance fulfilled under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Existing encumbrances, if any, were confirmed to have been previously disclosed as per regulatory requirements.

💡 No immediate action is required as this is a standard annual regulatory disclosure. Investors should continue to monitor the total percentage of promoter shares pledged in the quarterly shareholding patterns for any long-term risks.

Alkali Metals Reconstitutes Board Sub-Committees Following Director Resignation

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 15 Jun 2026, 06:26 PM

Alkali Metals Limited has reconstituted its key board sub-committees effective June 9, 2026, following the resignation of Independent Director Sri Murali Krishna Chevuturi on June 8, 2026. The company has reorganized the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee to ensure continuous compliance with SEBI (LODR) Regulations. Sri K.V. Suryaprakash Rao has been appointed as the Chairman for both the Audit and the Nomination and Remuneration Committees. These changes were approved via circular resolution to maintain governance standards.

Resignation of Independent Director Sri Murali Krishna Chevuturi effective June 8, 2026.
Reconstitution of three major board committees approved by circular resolution on June 9, 2026.
Sri K.V. Suryaprakash Rao appointed as Chairman of the Audit Committee and Nomination and Remuneration Committee.
Sri G. Jayaraman appointed as Chairman of the Stakeholders Relationship Committee.
Ensures compliance with Regulations 18, 19, and 20 of SEBI (LODR) Regulations, 2015.

💡 This is a routine governance update to maintain regulatory compliance; no immediate action is required from investors as the board remains functional.

View All ALKALI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company's revenue was Rs. 82.3 crore in FY2025, a slight decrease of 0.7% from Rs. 82.9 crore in FY2024. Sodium derivatives remain the major product category, though specific percentage growth per segment was not disclosed.

Geographic Revenue Split

Exports account for the majority of total revenue. The company plans to expand its presence to over 30 countries by 2027, including Eastern Europe and China, with a specific target of $1 million (Rs. 8.6 crore) from the Chinese market by 2027.

Profitability Margins

Profitability has been under significant pressure, with the company reporting an operating loss in FY2025 and H1 FY2025. For the half-year ended September 30, 2025, the company reported a total comprehensive loss before tax of Rs. 0.59 crore compared to a loss of Rs. 5.33 crore in the previous year.

EBITDA Margin

The EBITDA margin was negative in FY2025 due to lower spreads between selling prices and raw material costs for sodium derivatives and amino pyridines. However, the company reported an operating profit in Q4 FY2025 after three consecutive quarters of losses.

Capital Expenditure

The company incurred Rs. 0.32 crore (Rs. 31.71 lakhs) in property, plant, and equipment purchases for the half-year ended September 30, 2025, compared to Rs. 0.18 crore in the same period of 2024. Maintenance capex is ongoing.

Credit Rating & Borrowing

ICRA reaffirmed the long-term rating at [ICRA]BB+ and short-term at [ICRA]A4+, but revised the outlook to Negative. Interest coverage below 2.3 times on a sustained basis is a trigger for a further downgrade.

⚙️ Operational Drivers

Raw Materials

Key raw materials include Sodium Metal and Pyridine, which are critical for the production of sodium derivatives and pyridine derivatives.

Import Sources

The company primarily imports its key raw materials, sodium metal and pyridine, to support its manufacturing processes.

Capacity Expansion

The Visakhapatnam unit, started in 2011-2012 for APIs and fine chemicals, continues to operate at significantly low capacity utilization, which has historically constrained revenue growth.

Raw Material Costs

Raw material costs are a major driver of profitability; lower spreads between raw material costs and selling prices led to operating losses in FY2025.

Manufacturing Efficiency

Efficiency is currently low due to underutilization of the Visakhapatnam facility and long processing times involved in multi-stage manufacturing.

📈 Strategic Growth

Expected Growth Rate

12-15%

Growth Strategy

Growth will be driven by expanding the product portfolio with new molecules, increasing the buyer network across 30+ countries by 2027, and specifically targeting the Chinese market for $5 million (Rs. 43.42 crore) in revenue by 2030.

Products & Services

Sodium derivatives (Sodium Amide, Sodium Azide, Sodium Hydride), Pyridine derivatives (Amino Pyridines), Fine Chemicals, and Active Pharmaceutical Ingredients (APIs).

Brand Portfolio

Alkali Metals Limited (B2B operations).

New Products/Services

The company is focusing on developing new molecules and expanding its product portfolio to improve margins, though specific revenue contribution percentages for new launches were not disclosed.

Market Expansion

Targeting expansion into Eastern Europe and China by 2027, with a goal to reach 30 countries.

Strategic Alliances

The company was originally set up in 1968 as a joint venture with Andhra Pradesh Industrial Development Corporation Limited (APIDCL).

🌍 External Factors

Industry Trends

The Indian Pharmaceutical Market is projected to reach $130 billion by 2030, while the global market is expected to hit $1.7 trillion. The sector currently contributes 1.8% to India's GDP.

Competitive Landscape

The industry is characterized by cyclical demand and pricing volatility in principal markets, with competition affecting the spreads of sodium and pyridine derivatives.

Competitive Moat

The company possesses a durable advantage through its 30-year track record in manufacturing specialized sodium derivatives, which are technically complex to produce.

Macro Economic Sensitivity

Highly sensitive to global geo-political conflicts and economic downturns, which caused macro headwinds and disruptions in the recent annual performance.

Consumer Behavior

Not applicable as the company operates in the B2B pharmaceutical and chemical intermediate space.

Geopolitical Risks

Trade barriers and disruptions from geo-political conflicts are cited as major hurdles to sustaining growth and navigating complex business environments.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to chemical manufacturing standards and pollution norms; the company maintains manufacturing controls as a key monitorable for its credit rating.