Pondy Oxides & Chemicals Limited (POCL)
₹429.65 -1.40% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Pondy Oxides' revenue was ₹935 Cr (+78.5% year on year, +19.9% on the previous quarter), and net profit ₹38.0 Cr (+128.8% year on year); the operating margin was 6.3%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹935 | +78.5% | +19.9% |
| Operating profit | ₹59.0 | +113.5% | +3.5% |
| Net profit | ₹38.0 | +128.8% | +8.6% |
| EPS (₹) | 12.30 | +108.1% | +6.3% |
| Operating margin | 6.3% | — | — |
POCL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 62.99% of the POCL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 45.88%. The price fell 1.40% on that unusually high delivery, the pattern the delivery dashboard labels distribution.
Delivery in the last 5 sessions: 57.3% · 49.8% · 41.7% · 38.6% · 63.0%
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
Pondy Oxides & Chemicals Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from RTA Cameo Corporate Services confirms that security certificates received for dematerialisation were processed and confirmed to depositories within 15 days. The physical certificates were mutilated and cancelled as per standard statutory procedures. This is a routine quarterly compliance update with no material financial impact.
- Compliance certificate submitted for the quarter ended September 30, 2026
- Confirmation received from RTA Cameo Corporate Services Limited dated October 08, 2026
- Securities processed and register updated within the mandated 15 days timeframe
Pondy Oxides & Chemicals Limited (POCL) has informed the exchanges that it will participate in a group investor meeting at the 'GIA Recycling Day' on Wednesday, September 16, 2026. The meeting will be conducted virtually. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared during the interaction. This is a routine regulatory intimation under SEBI LODR Regulation 30.
- Investor interaction scheduled for September 16, 2026
- Participation in 'GIA Recycling Day' virtual conference
- Format specified as a virtual group meeting
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared
Pondy Oxides & Chemicals Limited has informed the exchanges regarding a scheduled virtual one-on-one investor interaction with JM Financial Limited (Retail and PCG) on September 10, 2026. The company stated that no Unpublished Price Sensitive Information (UPSI) will be shared during the discussion. This is a standard regulatory intimation pursuant to SEBI (LODR) Regulations.
- One-on-one virtual meeting scheduled for Thursday, September 10, 2026
- Meeting participant is JM Financial Limited (Retail and PCG)
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared
Pondy Oxides & Chemicals Limited (POCL) has scheduled a one-on-one virtual interaction with ICICI Prudential Mutual Fund on September 9, 2026. The meeting will follow standard disclosure protocols, and the company confirmed no unpublished price sensitive information (UPSI) will be shared. This represents a routine institutional engagement for the metal recycling company, which generated ₹2,948 crore in TTM revenue and ₹137 crore in TTM PAT.
- One-on-one virtual meeting scheduled with ICICI Prudential Mutual Fund
- Meeting date set for Wednesday, September 9, 2026
- Company confirmed that no Unpublished Price Sensitive Information (UPSI) will be discussed
Pondy Oxides & Chemicals Limited clarified its final dividend recommendation following a stock sub-division. The original recommendation of ₹5 per share (100% on ₹5 face value) on May 26, 2026, has been adjusted to ₹2 per share on the new face value of ₹2 each. The dividend payout percentage remains intact at 100% of face value with no change to total dividend payout.
- Final dividend rate remains unchanged at 100% of face value
- Absolute dividend revised from ₹5 to ₹2 per share following face value sub-division from ₹5 to ₹2
- Stock sub-division approved via Postal Ballot on July 02, 2026
- Board approved the adjusted dividend in the AGM notice on August 4, 2026
Pondy Oxides & Chemicals Limited (POCL) has dispatched letters to shareholders without registered email addresses, providing access links to the Annual Report for FY 2025-26 and the Notice for its 31st AGM. The AGM is scheduled for Tuesday, September 22, 2026, at 3:00 PM IST via Video Conferencing. The cut-off date for e-voting eligibility is September 15, 2026, with the remote e-voting window active from September 19 to September 21, 2026. Book closure is slated from September 16 to September 22, 2026.
- 31st Annual General Meeting scheduled for September 22, 2026, at 3:00 PM IST via VC/OAVM
- Cut-off date for remote e-voting set as Tuesday, September 15, 2026
- Remote e-voting period runs from 9:00 AM IST on September 19, 2026, to 5:00 PM IST on September 21, 2026
- Book closure period fixed from September 16, 2026, to September 22, 2026
Pondy Oxides and Chemicals Limited (POCL) has issued the notice for its 31st Annual General Meeting (AGM) scheduled for Tuesday, September 22, 2026, at 03:00 PM IST via Video Conferencing. The remote e-voting window opens on September 19, 2026, and closes on September 21, 2026. The cut-off date to determine shareholder voting eligibility has been set as September 15, 2026.
- 31st Annual General Meeting scheduled for September 22, 2026, at 03:00 PM IST
- Shareholder voting cut-off date fixed for September 15, 2026
- Remote e-voting period runs from September 19, 2026 (09:00 AM) to September 21, 2026 (05:00 PM)
Pondy Oxides and Chemicals Limited (POCL) announced that Chairman & Managing Director Ashish Bansal has acquired 52,68,110 equity shares (face value Rs 2) via transmission from Late Mr. Anil Kumar Bansal, the erstwhile Chairman and Promoter. The transaction is exempted under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011, covering inheritance and succession. The company clarified that this internal promoter transfer does not alter the consolidated shareholding of the Promoter and Promoter Group.
- 52,68,110 equity shares transferred to CMD Ashish Bansal via transmission
- Shares have a face value of Rs 2 each
- Acquisition exempted under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011
- Consolidated Promoter and Promoter Group holding remains unchanged post-transmission
POCL reported a strong Q1 FY27 with revenue growing 56% YoY to Rs 931 Cr, primarily driven by a 3x volume surge in the copper segment. The company is investing Rs 200 Cr (approx. 25% of Net Worth) in a new 36,000 MTPA copper cathode facility, with Phase 1 expected to commission by December 2026. Despite supply chain disruptions impacting lead volumes, lead EBITDA per ton reached a record Rs 21,595 due to an 85% share of value-added products. Management maintains a 2030 roadmap targeting 20% revenue CAGR and EBITDA margins above 8%.
- Q1 FY27 Revenue grew 56% YoY to Rs 931 Cr, with PAT increasing 32% to Rs 36 Cr.
- Copper segment volumes increased by more than 3x YoY, with EBITDA per ton rising 66% to Rs 48,488.
- Rs 200 Cr investment for 36,000 MTPA copper cathode facility is fully funded through internal accruals.
- Value-added products (VAP) accounted for 85% of lead segment revenue in Q1 FY27.
- Copper is projected to contribute approximately 45% of overall revenue in FY27.
Pondy Oxides & Chemicals Limited (POCL) has released the audio recording of its investor conference call held on August 5, 2026. The call discussed the unaudited financial results for the quarter ended June 30, 2026. With a TTM revenue of ₹2,948 Cr and a market cap of ₹1,538 Cr, the company is currently trading at a P/E of 11.2. The recording provides management's perspective on achieving their 20% CAGR target and the status of their non-ferrous vertical expansions.
- Investor call conducted on August 5, 2026, at 03:30 P.M. IST
- Focus on Unaudited Standalone and Consolidated results for the quarter ended June 30, 2026
- Company is targeting a 20% CAGR through 15% plus volume growth
- Lead recycling capacity expansion of 36,000 MTPA in Phase II remains a key growth driver
- EBITDA per tonne of lead reached ₹19,970 in recent periods, a 62% YoY increase
POCL reported a strong start to FY27 with Q1 revenue reaching ₹930.9 cr, a 56% YoY increase representing ~32% of TTM revenue. EBITDA and PAT grew by 30% and 32% respectively, driven by a 3.5x surge in copper sales and record Lead EBITDA per ton of ₹21,595. The company is aggressively pursuing its 2030 vision, supported by a ₹307.5 cr fundraise in 2024 and the acquisition of 123 acres in Mundra for future expansion. Strategic focus on value-added products has improved lead margins by 28% YoY despite moderated volumes.
- Q1 FY27 Revenue grew 56% YoY to ₹930.9 cr
- Copper segment sales increased more than 3.5x compared to the previous year
- Lead EBITDA per Ton reached a record high of ₹21,595, up 28% YoY
- Acquired 123 acres in Mundra, Gujarat, to capture western India and export markets
- Raised ₹307.5 cr through Preferential and QIP issues to fund capacity expansion
Pondy Oxides & Chemicals Limited (POCL) has designated September 15, 2026, as the record date for its upcoming dividend and 31st Annual General Meeting. The company's register of members will be closed from September 16 to September 22, 2026. This follows a strong financial year where POCL reported TTM revenue of Rs 2,948 Cr and a PAT of Rs 137 Cr. The announcement is a routine procedural step for the distribution of corporate benefits to eligible shareholders.
- Record date for dividend eligibility and 31st AGM set for September 15, 2026.
- Register of Members and Share Transfer Books to remain closed for 7 days from September 16 to September 22, 2026.
- Board of Directors finalized these dates in their meeting held on August 4, 2026.
- Company maintains a healthy ROCE of 24.0% and TTM EPS of Rs 45.65 as per latest financial context.
Pondy Oxides & Chemicals Limited (POCL) has announced September 15, 2026, as the record date for its 31st Annual General Meeting and dividend eligibility. The register of members will remain closed from September 16 to September 22, 2026. This administrative update follows a strong financial year where the company achieved a TTM revenue of ₹2,948 Cr and a PAT of ₹137 Cr. While the specific dividend amount was not detailed in this filing, the record date provides a clear timeline for shareholders to ensure eligibility.
- Record date for dividend and 31st AGM fixed for September 15, 2026
- Register of members and share transfer books closed from September 16 to September 22, 2026
- Company reported a TTM PAT of ₹137 Cr against a market cap of ₹1,594 Cr
- TTM revenue stands at ₹2,948 Cr with an operating profit margin of 7.2%
Pondy Oxides & Chemicals Limited (POCL) has reconstituted its Audit Committee effective August 4, 2026. The board inducted Mr. Hemant Jawahar Lal, an Independent Director, as a new member of the committee. The committee now comprises five members, four of whom are Independent Directors, maintaining a high level of independent oversight. Additionally, the company announced its 31st Annual General Meeting (AGM) is scheduled for September 22, 2026.
- Induction of Mr. Hemant Jawahar Lal (DIN: 11731104) as a member of the Audit Committee effective August 4, 2026.
- Audit Committee now consists of 5 members, including 4 Independent Directors and the Managing Director.
- 31st Annual General Meeting (AGM) scheduled to be convened on September 22, 2026.
- Company maintains a TTM revenue of Rs 2,948 Cr and a healthy ROCE of 24.0%.
Pondy Oxides & Chemicals Limited (POCL) has reconstituted its Audit Committee effective August 04, 2026. The board inducted Mr. Hemant Jawahar Lal, an Independent Director, as a new member of the committee. The committee now consists of five members, four of whom are Independent Directors, ensuring strong independent oversight. This is a procedural governance update following a board meeting held on the same day.
- Induction of Mr. Hemant Jawahar Lal (DIN: 11731104) as a member of the Audit Committee effective August 04, 2026
- The Audit Committee now comprises 5 total members
- 4 out of 5 members (80%) are Independent Directors, including the Chairman
- The reconstitution follows a Board Meeting held on August 04, 2026
Financial Performance
Revenue Growth by Segment
Total revenue grew 32.95% to INR 2,028.27 Cr in FY25 from INR 1,525.62 Cr. In H1 FY26, revenue reached INR 1,231 Cr, a 22% YoY increase. The Lead segment remains the primary driver, while Copper and Aluminum are scaling up to contribute to the 20% CAGR target.
Geographic Revenue Split
Exports contribute 61% of total revenue as of H1 FY26, highlighting a strong global footprint and reliance on international markets for growth.
Profitability Margins
Net Profit (EAT) grew 64.63% to INR 65.06 Cr in FY25. PAT margins improved from 3% plus in H1 FY25 to over 5% in H1 FY26 due to a higher mix of value-added products and operational efficiencies.
EBITDA Margin
EBITDA margin reached a milestone of 8% in H1 FY26, up from approximately 5.0-5.1% in FY25. Absolute EBITDA for H1 FY26 was INR 98 Cr, an 83% YoY increase, driven by higher realizations in lead and copper.
Capital Expenditure
Planned cumulative capex of INR 140-160 Cr over the next two fiscal years. Phase I capex of ~INR 90 Cr was completed in Feb 2024. Phase II and other non-ferrous verticals are estimated at ~INR 70 Cr.
Credit Rating & Borrowing
Credit rating outlook is Stable. Interest coverage ratio is healthy at over 6 times for FY25. The company maintains a net cash position of INR 71 Cr as of H1 FY26, with zero net debt.
Operational Drivers
Raw Materials
Lead scrap, copper scrap, and aluminum scrap. Lead alloys represent the primary value-added output, with value-added products currently making up 70% of the Lead segment.
Import Sources
Sourced from over 90 countries globally to ensure a diversified and resilient supply chain.
Key Suppliers
Maintains a diversified base of over 270 suppliers globally to mitigate procurement risks and dependency on single entities.
Capacity Expansion
Current copper recycling capacity is 6,000 MTPA. Lead expansion includes Phase I starting April 2025 and Phase II (36,000 MTPA) starting 6 months later. 23 acres of land acquired in Mundra for future expansion.
Raw Material Costs
Raw material costs are highly susceptible to LME price fluctuations. The company mitigates this by focusing on value-added lead alloys which command higher margins than pure lead.
Manufacturing Efficiency
EBITDA per tonne of lead increased 62% YoY to INR 19,970 in Q2 FY26. Focus on modernization aims to lower energy use and improve throughput.
Logistics & Distribution
Plants in Sriperumbudur and Thervoykandigai are located near Chennai Port for export efficiency; the Chittoor plant is located near Amara Raja Batteries to minimize distribution costs to key domestic clients.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Achieving 20% CAGR through 15% plus volume growth, expanding lead recycling capacity by 36,000 MTPA in Phase II, scaling copper and aluminum verticals, and increasing the share of value-added products to over 60% of total revenue.
Products & Services
Lead, Lead Alloys (70% of lead segment), Copper, Aluminum, and Plastic granules/products.
Brand Portfolio
Pondy Oxides and Chemicals Limited (POCL).
New Products/Services
Expansion into non-ferrous verticals like Aluminum and Plastics, with Aluminum commercial production already commenced and expected to contribute significantly from FY24 onwards.
Market Expansion
Expansion into the Mundra region (23 acres acquired) to capture western India markets and improve export logistics. Target sectors include electronics, renewables, and aerospace.
Market Share & Ranking
Not disclosed in available documents, but identified as a leading player in the organized lead recycling sector in India.
Strategic Alliances
MoU signed with the Government of Tamil Nadu for building recycling plants. Long-standing relationships (10-15 years) with Glencore International AG and Sebang Global Battery Company.
External Factors
Industry Trends
The industry is shifting toward organized recycling due to stricter environmental norms. POCL is positioned to benefit from this shift given its established compliance and expansion in non-ferrous metals.
Competitive Landscape
Faces stiff competition from both organized and unorganized players. Competitive advantage is maintained through value-added products and large-scale, compliant manufacturing facilities.
Competitive Moat
Moat consists of high entry barriers due to complex environmental licensing (MoEF), established global procurement networks (90 countries), and strategic proximity to major battery manufacturers like Amara Raja.
Macro Economic Sensitivity
Highly sensitive to global metal demand and industrial production cycles. Growth is underpinned by rising demand in electronics, renewables, and the EV battery sector.
Consumer Behavior
Increasing demand for recycled metals driven by corporate sustainability goals and the transition to green energy (EVs and renewables).
Geopolitical Risks
Global economic conditions and trade policies affect the import of lead scrap, which requires specific licensing from the Ministry of Environment and Forest.
Regulatory & Governance
Industry Regulations
Import of lead scrap is strictly regulated by the Ministry of Environment and Forest (MoEF) licensing. Tightening environmental activism and norms are constant monitorables.
Environmental Compliance
Strict adherence to pollution control norms from Central and State Pollution Control Boards. Compliance is a major entry barrier for new competitors.
Taxation Policy Impact
Standard corporate tax rates apply; specific fiscal incentives for the new Tamil Nadu plants under the MoU are anticipated but not quantified.
Legal Contingencies
The company successfully resolved the acquisition of Harsha Exito through the NCLT process. No other specific pending high-value court cases were disclosed.
Risk Analysis
Key Uncertainties
Volatility in LME metal prices and changes in government environmental policies could impact margins by 2-3% if not managed through value-addition and hedging.
Geographic Concentration Risk
61% of revenue is from exports, creating high sensitivity to global trade dynamics and USD/INR exchange rates.
Third Party Dependencies
Low dependency on single suppliers due to a base of 270+ vendors, but high dependency on the battery industry (Amara Raja) for lead demand.
Technology Obsolescence Risk
Risk is low in metal recycling, but the company is proactively investing in energy-efficient smelting technology to remain cost-competitive.
Credit & Counterparty Risk
Low risk due to relationships with reputed global entities like Glencore and Amara Raja. Receivables quality is supported by these strong counterparty profiles.
