LORDSCHLO - Lords Chloro
📢 Recent Corporate Announcements
Lords Chloro Alkali Limited's senior management team participated in the Arihant Capital: Bharat Connect Conference on March 10, 2026. The interaction was conducted virtually and involved discussions with various institutional investors and analysts. The company explicitly stated that the discussions were limited to general business updates and did not involve any unpublished price sensitive information (UPSI). Such meetings are standard practice for maintaining transparency with the investment community.
- Senior management participated in the Arihant Capital: Bharat Connect Conference on March 10, 2026.
- The interaction was held virtually with a group of investors and analysts.
- The company confirmed that no unpublished price sensitive information (UPSI) was shared during the meet.
- The meeting focused on general company operations and business outlook.
Lords Chloro Alkali Limited has announced its participation in the 'Bharat Connect Conference: Rising Stars' hosted by Arihant Capital. The virtual meeting is scheduled for March 10, 2026, and involves interactions with analysts and institutional investors. The management intends to discuss the company's general business environment and performance without disclosing any unpublished price sensitive information. Such meetings are standard practice for improving corporate transparency and investor engagement.
- Participation in Arihant Capital’s Bharat Connect Conference: Rising Stars on March 10, 2026.
- The meeting will be conducted in a virtual format for analysts and institutional investors.
- Management confirms that no unpublished price sensitive information (UPSI) will be shared.
- Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Lords Chloro Alkali has scheduled an Extra Ordinary General Meeting (EGM) on March 18, 2026, to seek approval for the re-appointment of Ajay Virmani as Managing Director for a five-year term. The company is proposing a minimum fixed remuneration of ₹1.50 crore per annum each for the MD and Whole Time Director Madhav Dhir, effective April 1, 2026. A significant performance-linked incentive structure is also proposed, with bonuses ranging from 4% to 7% of Earnings Before Depreciation and Taxes (EBDT) based on specific profit milestones. Furthermore, the company seeks to exceed statutory limits, potentially paying total managerial remuneration in excess of 11% of net profits.
- Re-appointment of Ajay Virmani as Managing Director for 5 years effective July 12, 2026.
- Proposed fixed annual remuneration of ₹1.50 crore each for the MD and Whole Time Director.
- Tiered incentive structure based on EBDT, ranging from 4% (for EBDT >₹15cr) to 7% (for EBDT >₹100cr).
- Seeking shareholder approval to pay total managerial remuneration exceeding 11% of net profits.
- EGM scheduled for March 18, 2026, with the e-voting period ending on March 17, 2026.
Lords Chloro Alkali reported a robust YoY performance for Q3 FY26, with total income rising 43.6% to ₹94.11 crore and PAT increasing 264% to ₹4.61 crore. While YoY growth was strong, sequential margins were pressured by a hike in grid electricity tariffs effective October 2025, causing EBITDA margins to dip from 20.93% in Q2 to 11.56% in Q3. The company is aggressively pursuing a 'Green Chemical' strategy, with a 21 MW solar plant expected by March 2026 to mitigate power costs. A total capex of ₹355 crore is planned through FY28 to expand caustic soda and downstream CPW capacities.
- Q3 FY26 PAT grew by 263.96% YoY to ₹4.61 crore, while 9M FY26 PAT surged 573.53% to ₹24.10 crore.
- Power and fuel costs as a percentage of production decreased from 51% in FY25 to 42% in 9M FY26 due to renewable energy integration.
- Total income for 9M FY26 reached ₹295.35 crore, representing a 53.90% increase over the previous year.
- Company is expanding Chlorinated Paraffin Wax (CPW) capacity from 50 TPD to 100 TPD by FY27 to enhance captive chlorine utilization.
- A 21 MW solar project is scheduled for completion by March 2026 to provide cost visibility and margin stability.
Lords Chloro Alkali reported a robust YoY performance for Q3 FY26 with total income rising 43.64% to ₹94.11 crore and PAT surging 263.96% to ₹4.61 crore. For the nine-month period (9M FY26), the company showed exceptional growth with PAT reaching ₹24.10 crore, a 573.53% increase over the previous year. However, on a sequential basis, EBITDA margins contracted from 20.93% in Q2 to 11.56% in Q3 due to a hike in electricity grid tariffs effective October 2025. Management anticipates margin recovery in FY27 following the commissioning of a 21 MW solar power plant in March 2026.
- 9M FY26 Profit After Tax (PAT) reached ₹24.10 crore, representing a massive 573.53% YoY growth.
- Total Income for 9M FY26 grew by 53.90% YoY to ₹295.35 crore, driven by a 38.54% increase in sales volumes.
- Q3 FY26 EBITDA margin stood at 11.56%, a sequential drop from 20.93% in Q2 due to higher power costs.
- Caustic Soda Lye (CSL) sales volumes for Q3 FY26 increased by 44.88% YoY to 20,956 MT.
- The company is commissioning a 21 MW solar power plant by March 2026 to reduce dependence on high-cost grid power.
Lords Chloro Alkali Limited has converted 35,00,000 warrants into equity shares at an issue price of Rs 122 each, aggregating to Rs 42.70 crore. This preferential allotment to promoters and select non-promoters has increased the total paid-up capital to 2.86 crore shares. Alongside the fundraise, the company reported a strong Q3 FY26 performance, with net profit rising significantly to Rs 4.61 crore from Rs 1.27 crore YoY. The board also approved the initiation of an ESOP scheme and the re-appointment of the Managing Director for a five-year term.
- Allotted 35,00,000 equity shares at Rs 122 per share (including Rs 112 premium) totaling Rs 42.70 crore
- Q3 FY26 Net Profit surged to Rs 460.91 lakhs compared to Rs 126.64 lakhs in the same quarter last year
- Revenue from operations for Q3 FY26 stood at Rs 9,395.22 lakhs, up from Rs 6,475.17 lakhs YoY
- Promoter shareholding increased from 74.66% to 74.97% following the warrant conversion
- Board approved the commencement of an Employee Stock Option Plan (ESOP) process
Lords Chloro Alkali reported a robust Q3 FY26 with net profit surging 264% YoY to ₹4.61 crore, driven by a 45% increase in revenue from operations. The company successfully converted 35 lakh warrants into equity shares at ₹122 each, raising ₹42.70 crore and slightly increasing promoter stake to 74.97%. Additionally, the board approved the re-appointment of Managing Director Ajay Virmani for a five-year term and initiated the process for an Employee Stock Option Plan (ESOP).
- Net Profit for Q3 FY26 rose to ₹460.91 Lakhs, a 264% increase compared to ₹126.64 Lakhs in Q3 FY25.
- Revenue from operations grew 45% YoY to ₹9,395.22 Lakhs for the quarter ended December 31, 2025.
- Allotted 35,00,000 equity shares at ₹122 per share, aggregating to ₹42.70 Crores to promoters and non-promoters.
- Promoter and promoter group shareholding increased from 74.66% to 74.97% post-allotment.
- Mr. Ajay Virmani re-appointed as Managing Director for a 5-year term starting July 2026.
Lords Chloro Alkali reported a robust performance for Q3 FY26, with revenue from operations growing 45% year-on-year to ₹93.95 crore. Net profit surged significantly to ₹4.61 crore compared to ₹1.27 crore in the same quarter last year. The company also completed a ₹42.70 crore fundraise through the conversion of 3.5 million warrants at ₹122 per share, which slightly increased promoter holding to 74.97%. Additionally, the board approved the re-appointment of MD Ajay Virmani for five years and initiated an ESOP scheme.
- Q3 FY26 Revenue from operations grew 45% YoY to ₹93.95 crore.
- Net Profit for the quarter increased by 264% YoY to ₹4.61 crore from ₹1.27 crore.
- Nine-month (9M FY26) Net Profit reached ₹24.10 crore, a massive jump from ₹3.58 crore in 9M FY25.
- Allotted 35 lakh equity shares at ₹122 per share, raising ₹42.70 crore via warrant conversion.
- Promoter and promoter group shareholding increased from 74.66% to 74.97% post-allotment.
Lords Chloro Alkali reported a robust performance for Q3 FY26, with revenue from operations rising 45% YoY to ₹93.95 crore. Net profit surged significantly to ₹4.61 crore from ₹1.27 crore in the previous year's corresponding quarter. The company successfully converted 35 lakh warrants into equity shares at ₹122 per share, raising a total of ₹42.70 crore. Additionally, the board has approved the re-appointment of the Managing Director for a five-year term and initiated the process for an Employee Stock Option Plan (ESOP).
- Revenue from operations grew 45% YoY to ₹9,395.22 lakhs in Q3 FY26.
- Net profit for the quarter increased by 264% YoY to ₹460.91 lakhs.
- Allotted 35,00,000 equity shares at ₹122 each (including ₹112 premium) following warrant conversion.
- Nine-month net profit reached ₹2,409.72 lakhs, a substantial increase from ₹357.76 lakhs in the prior year period.
- Promoter and promoter group shareholding increased slightly to 74.97% post-allotment.
Lords Chloro Alkali Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Alankit Assignments Limited, confirms the processing of dematerialization requests for the quarter ended December 31, 2025. It verifies that physical share certificates received were mutilated and cancelled, with the depository's name substituted in the records. This is a standard administrative filing required by Indian listing regulations to ensure shareholding record integrity.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Issued by Registrar and Share Transfer Agent, Alankit Assignments Limited
- Confirms physical share certificates were mutilated and cancelled after dematerialization
- Ensures depository names are correctly updated in the company's registered owner records
Lords Chloro Alkali Limited has informed the exchanges that its trading window will be closed starting January 1, 2026. This closure is in compliance with SEBI Insider Trading regulations ahead of the declaration of the un-audited financial results for the quarter ending December 31, 2025. The window will remain shut for all designated persons and their immediate relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results has not yet been announced.
- Trading window closure effective from January 1, 2026.
- Closure pertains to the un-audited financial results for the quarter ended December 31, 2025.
- Restriction applies to designated persons and their immediate relatives per SEBI norms.
- Window to reopen 48 hours after the financial results are officially declared.
- Board meeting date for result approval to be communicated in due course.
Lords Chloro Alkali Limited (LORDSCHLO) will be interacting with investors/analysts physically in Mumbai on December 9th and 10th, 2025. These will be one-on-one interactions with the senior management team. The discussion will focus on the company but will not involve any unpublished price-sensitive information. The schedule is subject to change based on exigencies.
- Analyst/Investor Meet scheduled for December 9th & 10th, 2025
- The meet will be held physically in Mumbai
- Interaction will be one-on-one with Senior Management Team
- Discussion will not involve any unpublished price sensitive information
Lords Chloro Alkali Limited will be interacting with investors and analysts physically in Mumbai on December 9th and 10th, 2025. These one-on-one interactions will involve the senior management team. The discussions will focus on the company's performance and outlook. The company has clarified that the discussions will not involve any unpublished price-sensitive information.
- Investor/Analyst meet scheduled for 09th & 10th December 2025.
- The meet will involve one-on-one interactions with investors.
- Senior Management Team will represent the company during the interactions.
- The interaction will be held physically in Mumbai.
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.