Lords Chloro Alkali Limited (LORDSCHLO)
₹149.09 +4.95% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Lords Chloro's revenue was ₹106 Cr (+6.1% year on year, +8.9% on the previous quarter), and net profit ₹15.0 Cr (+43.1% year on year); the operating margin was 21.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹106 | +6.1% | +8.9% |
| Operating profit | ₹22.6 | +10.7% | +66.1% |
| Net profit | ₹15.0 | +43.1% | +240.6% |
| EPS (₹) | 5.22 | +25.8% | +241.2% |
| Operating margin | 21.3% | — | — |
LORDSCHLO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 54.46% of the LORDSCHLO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 66.46%. The price rose 4.95% on unusually low delivery, so more of the move than usual was intraday trading. It traded 3.4 times its average daily volume.
Delivery in the last 5 sessions: 60.0% · 74.6% · 75.1% · 56.7% · 54.5%
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
Lords Chloro Alkali Limited submitted the scrutinizer's report and voting results for its 47th Annual General Meeting held on September 11, 2026. Shareholders approved all 11 resolutions with overwhelming majorities, typically exceeding 99.9% of votes polled. Key approved items include the adoption of FY26 financials, increase in borrowing limits under Section 180(1)(c), approval of ESOP Scheme 2026, and director reappointment/remuneration terms.
- All 11 ordinary and special resolutions approved at the 47th AGM held on September 11, 2026
- Adoption of FY26 audited financial statements passed with 23,932,148 votes (100.0000%) in favour
- Special resolutions including borrowing limit increases under Section 180(1)(c) approved with over 99.99% assent (23,931,791 votes)
- Approval of Lords Chloro Alkali Employee Stock Option Scheme - 2026 passed with 23,931,317 votes in favour (99.997%)
Lords Chloro Alkali Limited held its 47th Annual General Meeting on September 11, 2026, attended by 46 members in person. Key special resolutions tabled included increases in borrowing limits under Section 180(1)(c) and mortgage creation limits under Section 180(1)(a). Shareholders also voted on managerial remuneration enhancements and the approval of the Lords Chloro Alkali Employee Stock Option Scheme 2026. Official scrutinizer voting results under Regulation 44 will be submitted within two working days.
- 47th Annual General Meeting concluded on September 11, 2026, with 46 members attending in person
- Special resolution presented for increasing borrowing limits under Section 180(1)(c)
- Proposed approval of the Lords Chloro Alkali Employee Stock Option Scheme - 2026
- Remote e-voting was conducted from September 7 to September 10, 2026
Lords Chloro Alkali Limited has informed the exchanges that its Analyst/Investor Meet scheduled for September 4, 2026, has been cancelled. The company cited unavoidable circumstances for the cancellation pursuant to Regulation 30(6) of the SEBI Listing Obligations and Disclosure Requirements. No rescheduled date or details regarding the participating institutions were disclosed.
- Analyst and Investor Meet scheduled for 04th September 2026 stands cancelled
- Cancellation attributed to unavoidable circumstances by the company
- Filing submitted under Regulation 30(6) of SEBI LODR Regulations on September 4, 2026
Lords Chloro Alkali has commenced commercial operations of its 14.5 MW (AC) / 21 MW (DC) captive solar photovoltaic power plant along with a 1.672 MWh Battery Energy Storage System (BESS) in Bikaner, Rajasthan on September 2, 2026. The project expands the company's total captive/group captive renewable capacity to 47 MW (DC). This addition is projected to elevate the company's renewable energy consumption share to approximately 40%, significantly reducing power costs for its chlor-alkali operations.
- Successfully commissioned 14.5 MW (AC) / 21 MW (DC) captive solar PV plant on September 2, 2026
- Integrated a 1.672 MWh Battery Energy Storage System (BESS) at Lunkaransar, Bikaner
- Increases company's total installed captive renewable energy capacity to 47 MW (DC)
- Expected to raise captive renewable energy share in power consumption to around 40%
Lords Chloro Alkali Limited has announced a scheduled physical one-on-one analyst/investor interaction. The interaction is set to take place on September 4, 2026, with the company's senior management team. The company clarified that discussions will be general in nature and will not involve any unpublished price sensitive information (UPSI).
- Meeting Date: 04th September, 2026
- Interaction Type: Physical one-on-one meeting
- Participants: Senior Management Team
- No unpublished price sensitive information (UPSI) to be discussed
Lords Chloro Alkali Limited has scheduled its 47th Annual General Meeting (AGM) for September 11, 2026. Key agenda items include the adoption of FY26 audited financial statements and the re-appointment of statutory auditors for a five-year term until 2031. A significant proposal is the fixed remuneration of ₹2.40 Crore per annum for Managing Director Ajay Virmani for a three-year period starting April 2027. Financial data for FY26 shows a notable increase in cash and equivalents to ₹29.43 Crore, up from ₹11.94 Crore in FY25.
- 47th Annual General Meeting scheduled for September 11, 2026, at the Alwar registered office.
- Proposed fixed remuneration of ₹2.40 Crore per annum for MD Ajay Virmani for 3 years starting April 1, 2027.
- Cash and Cash Equivalents increased to ₹29.43 Crore as of March 31, 2026, compared to ₹11.94 Crore in FY25.
- Trade receivables rose to ₹50.77 Crore in FY26 from ₹36.82 Crore in the previous year.
- Statutory Auditors M/s. Nemani Garg Agarwal & Co. proposed for re-appointment for a second 5-year term.
Lords Chloro Alkali has scheduled its 47th Annual General Meeting (AGM) for September 11, 2026, to adopt FY26 financial statements and re-appoint key personnel. A primary resolution involves the approval of Managing Director Shri Ajay Virmani's remuneration at Rs 2.40 crore per annum for a three-year term starting April 2027. The company is currently executing a capacity expansion from 300 TPD to 400 TPD, expected by Q3 FY27. Shareholders as of the September 4, 2026, cut-off date are eligible for e-voting.
- 47th Annual General Meeting scheduled for September 11, 2026, at Alwar, Rajasthan.
- Proposed fixed remuneration of Rs 2.40 crore per annum for Managing Director Shri Ajay Virmani for 3 years.
- Re-appointment of Statutory Auditors for a second 5-year term from 2026 to 2031.
- Book closure for membership register set from September 5 to September 11, 2026.
- Remote e-voting period opens on September 7 and closes on September 10, 2026.
Lords Chloro Alkali reported its highest-ever quarterly performance for Q1 FY27, with Profit After Tax (PAT) surging 43.16% YoY to ₹14.96 crore. Despite a 7.03% YoY decline in Caustic Soda Lye (CSL) volumes to 19,953 MT, total income grew 6.10% to ₹106.56 crore, driven by significantly improved product realizations. EBITDA margins expanded to 21.42% from 20.59% a year ago, aided by operational efficiencies and lower finance costs. The company is currently operating at 300 TPD and is on track to expand capacity to 400 TPD by Q3 FY27.
- PAT increased by 43.16% YoY to ₹14.96 crore in Q1 FY27 compared to ₹10.45 crore in Q1 FY26.
- Total Income reached a record ₹106.56 crore, up 6.10% YoY from ₹100.47 crore.
- EBITDA margins improved to 21.42%, up from 20.59% in the same quarter last year.
- Caustic Soda Lye (CSL) sales volume stood at 19,953 MT, a 7.03% decrease from 21,462 MT YoY.
- Ongoing capacity expansion from 300 TPD to 400 TPD (a 33% increase) is scheduled for commissioning by Q3 FY27.
Lords Chloro Alkali is executing a significant Rs 315 crore capex program (FY24-FY28), with Rs 165 crore currently ongoing for FY26-FY27. The company is expanding its net caustic soda capacity to 360 TPD by Q4 FY27 and doubling its downstream CPW capacity to 100 TPD to improve chlorine absorption. A strategic shift toward 'Green Chemistry' aims to increase the renewable energy mix to 40-45% in the short term, targeting a reduction in power costs which currently represent 42% of production expenses. FY26 performance showed strong recovery with revenue reaching Rs 390.14 crore and PAT at Rs 28.49 crore.
- Total capex outlay of Rs 315 crore planned through FY28, with Rs 165 crore currently in the ongoing phase for FY26-FY27.
- Net caustic soda capacity to reach 360 TPD by Q4 FY27 after decommissioning an older 40 TPD unit.
- Power and fuel costs reduced from 51% of production in FY25 to 42% in FY26 due to renewable energy integration.
- FY26 Revenue grew 44% YoY to Rs 390.14 crore, with EBITDA margins improving to 16.89%.
- Targeting 40-45% renewable energy mix in the short term, up from current levels, via 37 MW captive solar and 10 MW hybrid power.
Lords Chloro Alkali reported a strong Q1 FY27 with Net Profit rising 43% YoY to ₹14.95 Cr, driven by a 6% growth in revenue to ₹106.35 Cr. The board approved a significant increase in borrowing limits to ₹500 Cr, which is approximately 2.05x the company's current net worth of ₹243 Cr, signaling a major upcoming capital expenditure cycle. Additionally, the company introduced a new ESOP scheme for 10 lakh shares and re-appointed key management personnel, reinforcing its growth-oriented stance.
- Net Profit for Q1 FY27 increased 43% YoY to ₹14.95 Cr from ₹10.45 Cr.
- Board approved increasing borrowing limits up to ₹500 Cr under Section 180(1)(c).
- Lords Chloro Alkali Employee Stock Option Scheme 2026 approved for 10,00,000 equity shares.
- Revenue from operations for the quarter ended June 30, 2026, stood at ₹106.35 Cr.
- Deepak Mathur re-appointed as Whole Time Director for a 3-year term effective February 19, 2027.
Lords Chloro Alkali reported a strong Q1 FY27 with Net Profit rising 43% YoY to ₹14.95 cr, despite revenue growing only 6% to ₹106.35 cr. The Board has approved a significant increase in borrowing limits to ₹500 cr, which is approximately 2.05x the company's current Net Worth of ₹243 cr, likely to fund the ongoing capacity expansion to 400 TPD. A new ESOP scheme for 10 lakh shares was also introduced to incentivize management, alongside the re-appointment of WTD Deepak Mathur for a 3-year term.
- Net Profit for Q1 FY27 increased to ₹14.95 cr from ₹10.45 cr in Q1 FY26, a 43% YoY growth.
- Approved increase in borrowing limits to ₹500 cr, representing ~205% of the current Net Worth of ₹243 cr.
- Lords Chloro Alkali Employee Stock Option Scheme – 2026 approved for up to 10,00,000 equity shares.
- Revenue from operations for the quarter ended June 30, 2026, stood at ₹106.35 cr.
- Re-appointment of Mr. Deepak Mathur as Whole Time Director for 3 years effective February 19, 2027.
Lords Chloro Alkali reported a strong Q1 FY27 with revenue growing 6.1% YoY to ₹106.35 Cr and Net Profit surging 43% to ₹14.95 Cr. The Board has proposed a significant increase in the borrowing limit to ₹500 Cr, which is approximately 2.05x the company's current net worth of ₹243 Cr, likely to fund its ongoing capacity expansion. Additionally, a new ESOP scheme for 10 lakh shares was approved to incentivize employees. The company is progressing toward its goal of expanding caustic soda capacity to 400 TPD by Q3 FY27.
- Net Profit for Q1 FY27 rose 43% YoY to ₹14.95 Cr from ₹10.45 Cr.
- Revenue from operations increased 6.1% YoY to ₹106.35 Cr.
- Proposed borrowing limit increase to ₹500 Cr, representing a significant headroom over current debt of ₹174 Cr.
- Approved Lords Chloro Alkali Employee Stock Option Scheme 2026 covering 10,00,000 equity shares.
- Earnings Per Share (EPS) improved to ₹5.22 from ₹4.15 in the year-ago period.
Lords Chloro Alkali reported a strong Q1 FY27 with PAT rising 43% YoY to ₹14.95 Cr, driven by a 6.1% growth in revenue to ₹106.35 Cr. The Board has approved a significant increase in borrowing limits to ₹500 Cr, providing substantial headroom over the current debt of ₹174 Cr for future expansion. A new ESOP scheme for 10 lakh shares was introduced to incentivize employees. The company is currently working towards expanding caustic soda capacity from 300 TPD to 400 TPD by Q3 FY27.
- Net Profit grew 43.1% YoY to ₹14.95 Cr in Q1 FY27 from ₹10.45 Cr in Q1 FY26.
- Revenue from operations increased to ₹106.35 Cr compared to ₹100.20 Cr in the previous year's corresponding quarter.
- Board approved increasing borrowing limits to ₹500 Cr, which is 2.87x the current debt of ₹174 Cr.
- Proposed ESOP Scheme 2026 to grant up to 10,00,000 equity shares (approx 3.5% of current equity capital).
- Total expenses were contained at ₹90.28 Cr, rising only 4.4% YoY despite higher revenue growth.
Lords Chloro Alkali reported a strong Q1 FY27 with net profit rising 43% YoY to Rs 14.95 Cr, driven by a 6.1% increase in revenue to Rs 106.35 Cr. The board has proposed a significant increase in the borrowing limit to Rs 500 Cr, which is nearly 3x the current debt of Rs 174 Cr, indicating potential for major future capital expenditure. Additionally, a new ESOP scheme involving 10 lakh shares was approved to incentivize employees. Management re-appointments and remuneration hikes were also cleared, pending shareholder approval at the AGM on September 11, 2026.
- Net profit for Q1 FY27 rose 43% YoY to Rs 14.95 Cr from Rs 10.45 Cr.
- Revenue from operations increased to Rs 106.35 Cr, up 6.1% from Rs 100.20 Cr in the previous year's quarter.
- Proposed borrowing limit increased to Rs 500 Cr, representing a significant headroom over the current net worth of Rs 243 Cr.
- Approved the 'Lords Chloro Alkali Employee Stock Option Scheme – 2026' covering 10,00,000 equity shares.
- Earnings Per Share (EPS) improved to Rs 5.22 for the quarter, up from Rs 4.15 YoY.
Lords Chloro Alkali Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The filing confirms that physical share certificates received for dematerialization were verified, mutilated, and cancelled by the Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited. This is a standard administrative procedure to ensure the accuracy of electronic shareholding records. The announcement has no impact on the company's financial position or ongoing expansion projects.
- Quarterly compliance certificate submitted for the period ending June 30, 2026
- Confirmation received from RTA Alankit Assignments Limited on July 7, 2026
- Verification and cancellation of physical share certificates completed as per SEBI norms
- Company maintains a high promoter holding of approximately 75% as per recent trends
Financial Performance
Revenue Growth by Segment
The Chloro Alkali segment generated INR 270.22 Cr in FY25, representing a 22.21% growth from INR 221.11 Cr in FY24. H1 FY26 revenue reached INR 201.24 Cr, growing 59.22% YoY from INR 126.39 Cr.
Geographic Revenue Split
Not disclosed in available documents; however, the company is headquartered in Alwar, Rajasthan, and operates primarily from that region.
Profitability Margins
Net Profit Margin improved to 2.29% in FY25 from -2.17% in FY24. PAT for H1 FY26 stood at INR 19.49 Cr, a 743.12% increase from INR 2.31 Cr in H1 FY25, driven by higher realizations and operational efficiencies.
EBITDA Margin
EBITDA Margin for H1 FY26 was 20.76%, a significant expansion of 1,385 bps from 6.91% in H1 FY25. Q2 FY26 EBITDA margin reached 20.93% (INR 21.09 Cr) compared to 6.08% (INR 3.70 Cr) in Q2 FY25.
Capital Expenditure
Total planned capex between FY24 and FY28 is approximately INR 355 Cr. A specific outlay of INR 165 Cr is allocated for the 16MW solar plant, Chlorinated Paraffin Wax (CPW) unit, and Caustic Soda Lye (CSL) expansion.
Credit Rating & Borrowing
The company maintains an 'Adequate' liquidity position. Borrowings increased significantly in FY25 with a Debt-to-Equity ratio of 0.69 vs 0.22 in FY24 to fund solar and capacity expansions. Management targets an optimal Debt-to-Equity ratio of 1.0 to 1.2.
Operational Drivers
Raw Materials
Key inputs include Salt and Power. Power and Fuel charges accounted for INR 78.74 Cr in H1 FY26, representing 39.1% of total income.
Capacity Expansion
Current installed capacity is 300 TPD (following a 90 TPD expansion in FY25). Planned expansion to 400 TPD is expected to be commissioned by Q3 FY27.
Raw Material Costs
Cost of Raw Materials was INR 57.84 Cr in H1 FY26, up from INR 32.26 Cr in H1 FY25, reflecting increased production volumes and capacity utilization.
Manufacturing Efficiency
Capacity utilization is currently at 80% to 85%. The company achieved a production of 65,275 tons of Caustic Soda in FY25.
Strategic Growth
Expected Growth Rate
48%
Growth Strategy
Growth is driven by expanding caustic soda capacity from 300 TPD to 400 TPD by Q3 FY27, increasing downstream chlorine consumption through CPW and bleaching powder, and improving margins via a 16MW solar power project to lower energy costs.
Products & Services
Caustic Soda Lye (80% of revenue), Chlorine, Hydrogen, Chlorinated Paraffin Wax (CPW), and Bleaching Powder.
Brand Portfolio
Lords Chloro Alkali Limited.
New Products/Services
Expansion into downstream products like Chlorinated Paraffin Wax and Bleaching Powder to utilize captive chlorine and improve value-added revenue.
Market Expansion
Expansion of production capacity by 33% (from 300 to 400 TPD) to capture growing industrial demand in the chlor-alkali sector.
External Factors
Industry Trends
The industry is shifting toward sustainability and downstream integration to manage chlorine by-products. Demand is driven by the pulp, paper, and water treatment sectors.
Competitive Landscape
Operates in a competitive commodity market where profitability is determined by the lowest cost of production, particularly power costs.
Competitive Moat
Cost leadership is the primary moat, sustained by the 16MW captive solar plant which insulates the company from grid tariff hikes and provides a 40-50% renewable energy mix.
Macro Economic Sensitivity
Highly sensitive to industrial power tariffs in Rajasthan and global caustic soda price cycles.
Consumer Behavior
Increased demand for water treatment and industrial chemicals supports long-term volume growth.
Regulatory & Governance
Industry Regulations
Subject to strict environmental norms for chemical manufacturing and hazardous waste (chlorine) management.
Environmental Compliance
The company spent INR 78.71 Lakhs on CSR in FY25, exceeding the statutory requirement of INR 74.94 Lakhs. It maintains compliance with environmental regulations regarding chlorine disposal.
Taxation Policy Impact
Average effective tax rate is approximately 25%. Q2 FY26 tax incidence was higher at 36% due to the absorption of carry-forward losses in previous quarters.
Risk Analysis
Key Uncertainties
Project execution risk for the 100 TPD capacity expansion and the volatility of caustic soda prices which can swing the company from profit to loss (as seen in the FY24 loss of INR 4.80 Cr).
Geographic Concentration Risk
Operations are concentrated at the Alwar, Rajasthan plant.
Third Party Dependencies
High dependency on JVVNL for power supply, though being mitigated by the 16MW solar plant.
Technology Obsolescence Risk
The company uses Ind AS accounting and historical cost conventions; no specific digital/tech risks noted.
Credit & Counterparty Risk
Receivables turnover slowed to 8.64 in FY25, indicating higher credit terms and potential counterparty risk.
