Petro Carbon and Chemicals Limited (PCCL)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Petro Carbon's revenue was ₹316 Cr (+163.5% year on year, +21.4% on the previous half-year), and net profit ₹22.6 Cr; the operating margin was 12.5%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹316 | +163.5% | +21.4% |
| Operating profit | ₹39.5 | +887.7% | +153.8% |
| Net profit | ₹22.6 | — | +644.5% |
| EPS (₹) | 9.15 | — | +643.9% |
| Operating margin | 12.5% | — | — |
PCCL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the PCCL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 75.76%. That is higher than usual for this stock. Turnover was only ₹12 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 80.0% · 77.8% · 87.9% · 82.3% · 100.0%
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
Petro Carbon and Chemicals Limited submitted its statement of investor complaints under Regulation 13(3) of the SEBI LODR Regulations for the quarter ended September 30, 2026. Prepared by its registrar Bigshare Services Pvt. Ltd., the report indicates zero complaints pending at the start of the quarter, zero received, and zero pending at the end. The announcement represents a standard periodic secretarial compliance with no operational or financial impact.
- Zero investor complaints pending at the start of the period on July 1, 2026
- Zero complaints received across SEBI (SCORES), BSE, NSE, MCA, and Depositories during Q2 FY27
- Zero complaints pending resolution as of September 30, 2026
Petro Carbon and Chemicals Limited (PCCL) has issued the notice for its 19th Annual General Meeting (AGM) scheduled for September 25, 2026, via video conferencing. Ordinary business includes the adoption of FY26 standalone and consolidated financial statements and the re-appointment of retiring director Ms. Mamta Binani. Special business includes regularizing the appointment of Mr. Shibabrata Mishra (27 years of industry experience) as a Non-Executive Director and ratifying a cost audit fee of Rs 60,000 for FY27. The share transfer books and register of members will remain closed from September 19 to September 25, 2026.
- 19th AGM scheduled for September 25, 2026 at 3:00 PM IST via VC/OAVM
- Book closure period set from September 19, 2026 to September 25, 2026
- Proposed appointment of Mr. Shibabrata Mishra as Non-Executive Director
- Ratification of Rs 60,000 remuneration for Cost Auditor M/s. N. Radhakrishnan & Co. for FY27
Petro Carbon and Chemicals Limited (PCCL) has informed the stock exchange regarding the receipt of a Consent to Operate (CTO) regulatory approval. A CTO is an essential statutory clearance granted by pollution control boards permitting industrial operations. Specific operational metrics, capacity covered, and validity terms were not detailed in the brief disclosure extract.
- Company received Consent to Operate (CTO) approval as intimated on August 19, 2026.
- PCCL operates an existing capacity of 93,744 MTPA of Calcined Petroleum Coke (CPC).
- Specific plant location, validity period, and operational metrics were not disclosed in the filing.
Petro Carbon and Chemicals Limited (PCCL) has appointed Mr. Shibabrata Mishra as an Additional Non-Executive Director effective August 10, 2026. Mr. Mishra brings 27 years of specialized experience in Calcined Petroleum Coke (CPC) and steel operations, aligning with PCCL's core business. The appointment is procedural, with his term lasting until the next Annual General Meeting. This addition strengthens the board's technical oversight as the company manages its 93,744 MTPA capacity and new 10 MW captive power plant.
- Appointment of Mr. Shibabrata Mishra as Additional Director effective August 10, 2026
- Appointee brings 27 years of experience in CPC Plant and DRI (Steel) operations
- Board meeting for the appointment concluded within 60 minutes (3:30 P.M. to 4:30 P.M.)
- Company maintains a promoter holding of 73.21% as of March 2026
- Current annual manufacturing capacity stands at 93,744 MTPA
Petro Carbon and Chemicals Limited (PCCL) has announced its 19th Annual General Meeting (AGM) will be held on September 25, 2026. The company has fixed September 18, 2026, as the record date to determine shareholder eligibility for the meeting. The register of members and share transfer books will remain closed from September 19 to September 25, 2026. This follows a strong March 2026 quarter where the company reported a net profit of ₹22.59 crore.
- 19th Annual General Meeting scheduled for September 25, 2026, at 03:00 P.M.
- Record date for the purpose of the meeting is fixed as September 18, 2026.
- Book closure period set from September 19, 2026, to September 25, 2026 (7 days inclusive).
- Meeting to be conducted via Video Conferencing and Other Audio Visual Means (VC & OAVM).
Petro Carbon and Chemicals Limited (PCCL) has appointed Mr. Shibabrata Mishra as an Additional Director (Non-Executive) effective August 10, 2026. Mr. Mishra brings 27 years of experience in Calcined Petroleum Coke (CPC) and steel operations, which is highly relevant to PCCL's core business and its 93,744 MTPA capacity. The board also scheduled the 19th Annual General Meeting (AGM) for September 25, 2026. The register of members will be closed from September 19 to September 25, 2026, for AGM purposes.
- Appointment of Mr. Shibabrata Mishra as Additional Director (Non-Executive) effective August 10, 2026
- New director brings 27 years of experience in CP Coke and DRI (Steel) operations and management
- 19th Annual General Meeting (AGM) scheduled for September 25, 2026
- Book closure period set from September 19, 2026, to September 25, 2026
- Board meeting concluded within 60 minutes (3:30 P.M. to 4:30 P.M.)
Petro Carbon and Chemicals Limited (PCCL) has withdrawn its previous notification regarding the closure of the trading window, which was originally implemented for a proposed preferential issue. This procedural reversal indicates a change in the immediate timeline or status of the planned equity fundraise. Given the company's debt of ₹199 crore and a debt-to-equity ratio of 1.02, the progress of capital infusion is a key metric for balance sheet health. Investors should await further clarification on whether the underlying preferential issue is being deferred or cancelled.
- Withdrawal of trading window closure announced on August 4, 2026
- The closure was originally linked to a 'Proposed Preferential Issue' of equity
- Company reported a debt of ₹199 crore against a net worth of ₹195 crore as per latest context
- Revenue for the quarter ended March 2026 was ₹316.25 crore, up from ₹120 crore in March 2025
Petro Carbon and Chemicals Limited (PCCL) has submitted a general update to the exchange on July 31, 2026. The filing appears to be a procedural submission as the provided document extract contains only administrative signatures without specific material disclosures. Investors should note the company's recent financial performance, with March 2026 quarterly revenue reaching Rs 316.25 Cr and a PAT of Rs 22.59 Cr.
- Filing submitted to the exchange on July 31, 2026, categorized as a General Update
- Company reported a quarterly revenue of Rs 316.25 Cr for the period ending March 2026
- Current annual manufacturing capacity stands at 93,744 MTPA for Calcined Petroleum Coke
- Debt-to-Equity ratio remains at 1.02 based on a debt of Rs 199 Cr and net worth of Rs 195 Cr
Petro Carbon and Chemicals Limited (PCCL) has announced the closure of its trading window starting July 29, 2026. This closure is in anticipation of a board meeting to consider a proposed issuance of Preference Shares. While the specific date of the board meeting and the quantum of the fundraise have not been disclosed, the move indicates a strategic intent to raise capital. Investors should monitor subsequent filings for the board meeting date and the terms of the issuance.
- Trading window for all designated persons to be closed effective July 29, 2026
- Window to remain closed until 48 hours after the public announcement of the board meeting outcome
- The board meeting will specifically address a proposed issue of Preference Shares
- The exact date of the board meeting will be intimated separately in due course
Petro Carbon and Chemicals Limited (PCCL) has announced a trading window closure effective July 29, 2026, for all designated persons and their relatives. This regulatory step is taken ahead of a proposed Board Meeting to consider the issuance of Preference Shares. The window will remain closed until 48 hours after the board's decision is publicly disclosed. As of now, the specific date for the board meeting and the size of the fundraise have not been revealed.
- Trading window closure for insiders starts on July 29, 2026
- Closure remains in effect until 48 hours after the Board Meeting outcome is announced
- The Board Meeting will specifically address a proposed issue of Preference Shares
- Board meeting date to be intimated separately in due course
Financial Performance
Revenue Growth by Segment
Total revenue from operations declined by 45.05% YoY, falling from INR 53,864.02 Lakhs in FY24 to INR 29,597.12 Lakhs in FY25. This was primarily driven by a sharp decrease in the market price of Calcined Petroleum Coke (CPC). For the half-year ended September 30, 2025, revenue stood at INR 26,040.21 Lakhs.
Geographic Revenue Split
Not specifically disclosed by percentage, but the company operates a primary facility in Haldia, West Bengal, and imports over 90% of its raw materials from international vendors, indicating a global supply chain with domestic sales to Indian metal giants.
Profitability Margins
Net Profit Margin significantly contracted from 15.26% in FY24 to 3.16% in FY25. Return on Capital Employed (ROCE) dropped from 66.60% to 5.15% YoY, reflecting the impact of lower CPC realizations against fixed operational costs.
EBITDA Margin
Core profitability was severely impacted as Profit Before Tax (PBT) fell by 93.68% from INR 11,713.42 Lakhs in FY24 to INR 740.53 Lakhs in FY25. The decline is attributed to material price headwinds and macroeconomic challenges in the CPC sector.
Capital Expenditure
Property, Plant and Equipment (PPE) increased by 79.74% from INR 8,864.58 Lakhs to INR 15,933.03 Lakhs in FY25. This includes the commissioning of a 10 MW Waste Heat Recovery-based Captive Power Plant at the Haldia facility.
Credit Rating & Borrowing
Long-term borrowings increased by 201% from INR 2,000.00 Lakhs in FY24 to INR 6,020.69 Lakhs in FY25. The Debt-Equity Ratio rose from 0.12 to 0.39 to fund expansion and working capital.
Operational Drivers
Raw Materials
Green Petroleum Coke (GPC) is the primary raw material used to manufacture Calcined Petroleum Coke (CPC). Raw material imports account for over 90% of total procurement requirements.
Import Sources
Imported from various international vendors (specific countries not named) to ensure a diversified portfolio and competitive pricing.
Key Suppliers
Not disclosed in available documents; however, the company maintains long-term relationships with a diversified portfolio of international vendors.
Capacity Expansion
Current annual capacity is 93,744 MTPA. The company recently added a 10 MW Waste Heat Recovery-based Captive Power Plant to improve energy independence and process stability.
Raw Material Costs
Cost of materials consumed for H1 FY26 was INR 23,067.49 Lakhs. The company uses a cost matrix that factors in shipping costs and 'most economic quantity' calculations based on voyage time and price.
Manufacturing Efficiency
The integration of a Waste Heat Recovery system improves process stability and aligns with sustainability goals while supporting future capacity expansion.
Logistics & Distribution
Strategically located within the Haldia port perimeter with access to motorable roads and a dedicated railway siding to ensure efficient B2B distribution to metal sector clients.
Strategic Growth
Growth Strategy
Growth will be driven by the 10 MW captive power plant for cost optimization, entry into the carbon-based recycling industry, and expansion through new subsidiaries like ACL Alchemy Pvt. Ltd. (incorporated Nov 2024).
Products & Services
Calcined Petroleum Coke (CPC), primarily used as a carbon raiser in the aluminium and steel smelting processes.
Brand Portfolio
PCCL (Petro Carbon and Chemicals Limited).
New Products/Services
Actively evaluating entry into the carbon-based recycling industry to diversify the portfolio and align with long-term sustainability goals.
Market Expansion
Expanding group-level capabilities through a new subsidiary partnership in the carbon chemicals space to access newer markets.
Market Share & Ranking
Identified as a leading manufacturer of CPC in India, though specific market share percentage is not disclosed.
Strategic Alliances
Partnership within the carbon chemicals space via a subsidiary to expand market reach and technical capabilities.
External Factors
Industry Trends
The industry is shifting toward sustainability; PCCL is positioning itself by installing waste heat recovery systems and exploring carbon recycling to mitigate environmental regulatory risks.
Competitive Landscape
Competes with both domestic and international CPC manufacturers; maintains an edge through logistics efficiency and integrated power generation.
Competitive Moat
Moat is built on strategic location (Haldia Port proximity), integrated infrastructure (railway siding/utility connections), and long-term B2B relationships with NALCO and Hindalco which provide high entry barriers.
Macro Economic Sensitivity
Highly sensitive to the aluminium and steel sectors' demand cycles and global commodity price fluctuations for petroleum coke.
Consumer Behavior
B2B demand is driven by the production volumes of primary aluminium and steel producers in India.
Geopolitical Risks
Exposure to international trade dynamics due to >90% raw material import requirement; mitigated through a diversified international vendor base.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act 2013 and SEBI (LODR) Regulations 2015. The company maintains an audit trail (edit log) facility in its accounting software as per regulatory requirements.
Environmental Compliance
Invested in a 10 MW Waste Heat Recovery-based Captive Power Plant to reduce carbon footprint and comply with evolving environmental standards.
Taxation Policy Impact
Effective tax rate for FY25 resulted in a tax expense of INR -206.54 Lakhs (credit) due to deferred tax adjustments and reversal of earlier provisions, compared to a tax expense of INR 3,467.42 Lakhs in FY24.
Legal Contingencies
The company reversed income tax provisions of earlier years amounting to INR 456.90 Lakhs in FY25. No major pending litigation values were specified in the provided summary.
Risk Analysis
Key Uncertainties
Volatility in CPC market prices (impacted FY25 revenue by 45%) and fluctuations in international Green Petroleum Coke (GPC) prices.
Geographic Concentration Risk
Manufacturing is concentrated at a single fully integrated facility in Haldia, West Bengal.
Third Party Dependencies
High dependency on international vendors for >90% of raw materials and reliance on marquee clients like NALCO and Hindalco for the majority of revenue.
Technology Obsolescence Risk
Risk is mitigated by upgrading to waste heat recovery technology and exploring carbon-based recycling to stay ahead of industry shifts.
Credit & Counterparty Risk
Payment security is considered high due to the 'marquee, listed industry giant' status of the primary B2B customer base.
