Rite Zone Chemcon India Limited (RITEZONE)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Rite Zone's revenue was ₹13.8 Cr (+15.5% year on year, +17.4% on the previous half-year), and net profit ₹0.2 Cr (-42.9% year on year); the operating margin was 2.2%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹13.8 | +15.5% | +17.4% |
| Operating profit | ₹0.3 | -16.2% | -11.4% |
| Net profit | ₹0.2 | -42.9% | -11.1% |
| EPS (₹) | 0.38 | -42.4% | -11.6% |
| Operating margin | 2.2% | — | — |
RITEZONE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the RITEZONE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 96.25%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal. It closed at a price band (circuit) on 8 sessions in about the last 20.
Delivery in the last 5 sessions: 100.0% · 100.0% · 100.0% · 100.0% · 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
Rite Zone Chemcon India Limited has announced the resignation of its Chief Executive Officer (Key Managerial Personnel), Mr. Chandrakant Shah, effective October 14, 2026. The resignation was attributed to his pre-occupation with other work. Rite Zone is a micro-cap chemical company with an Rs 8 Cr market cap and TTM revenue of Rs 52 Cr. The company has not yet named an interim or permanent successor for the CEO role.
- Chief Executive Officer Mr. Chandrakant Shah stepped down effective October 14, 2026
- Reason cited for cessation is pre-occupation with other work
- Company reported TTM revenue of Rs 52 Cr and PAT of Rs 1 Cr
- No immediate successor announced in the regulatory disclosure
Rite Zone Chemcon India Limited has announced the immediate resignation of Mr. Chandrakant Shah from his position as Chief Executive Officer (Key Managerial Personnel), effective October 14, 2026. The stated reason for his departure is pre-occupation with other work. This leadership change occurs against a micro-cap base of Rs 8 Cr market cap and TTM revenue of Rs 52 Cr, where net profit margins have recently seen pressure. No successor has been announced yet in this disclosure.
- Mr. Chandrakant Shah resigned as Chief Executive Officer effective October 14, 2026
- Resignation is cited due to pre-occupation with other work
- Company operates at an Rs 8 Cr market cap with TTM revenue of Rs 52 Cr and net profit of Rs 1 Cr
- No replacement or succession timeline was detailed in the disclosure
Rite Zone Chemcon India Limited submitted its voting results and Scrutinizer's Report for its 11th Annual General Meeting held on September 29, 2026. A total of 8 members (2 promoter, 6 public) attended the meeting in person or by proxy, representing 17,81,779 polled shares (42.12% of total shares). All 6 resolutions—including adopting FY26 financials, auditor appointment, director remuneration increase, and higher borrowing/investment limits—were approved with 100% of valid votes cast. Promoters' 17,72,177 votes were marked invalid on Resolutions 2 and 4 due to related-party interest.
- Total of 17,81,779 shares voted across resolutions, accounting for 42.12% of total 42,30,270 shares
- Only 8 shareholders attended the AGM in person/proxy (2 promoter and 6 public non-institutional)
- Resolutions 2 and 4 saw 17,72,177 promoter votes treated as invalid due to interested director status
- Shareholders approved increases in borrowing powers (Section 180(1)(c)) and loan/investment limits (Section 186)
Rite Zone Chemcon India Limited has issued a notice for its 11th Annual General Meeting (AGM) scheduled on September 29, 2026. Key special resolutions include seeking shareholder approval to increase the company's borrowing powers under Section 180(1)(c) up to ₹100 Crores (compared to current net worth of ₹15 Crores and debt of ₹2 Crores). Additional proposals include appointing M/s. SMNK & Company as statutory auditors to fill a casual vacancy and increasing remuneration limits for Director Mrs. Arti Bhandari.
- 11th Annual General Meeting scheduled for Tuesday, September 29, 2026, at 11:00 AM IST in Thane
- Special resolution proposed to raise borrowing powers up to ₹100 Crores under Section 180(1)(c)
- Proposed appointment of M/s. SMNK & Company, Chartered Accountants, to fill casual vacancy in statutory auditor position
- Shareholders to vote on increasing maximum remuneration payable to Director Mrs. Arti Bhandari
Rite Zone Chemcon's Board has approved the appointment of M/s. SMNK & Company, Chartered Accountants, as Statutory Auditors for a 1-year term to fill a casual vacancy arising from the resignation of M/s. Kumbhat & Company LLP. The Board also approved proposals to enhance borrowing limits under Section 180(1)(c) and make investments under Section 186 of the Companies Act, subject to shareholder approval. The company's 11th Annual General Meeting (AGM) has been scheduled for September 29, 2026. Additionally, a remuneration hike and re-appointment for Director Mrs. Arti Bhandari were recommended.
- Appointed M/s. SMNK & Company as Statutory Auditors following the resignation of M/s. Kumbhat & Company LLP
- Scheduled the 11th Annual General Meeting for September 29, 2026
- Approved proposals to enhance borrowing powers under Section 180(1)(c) and make investments under Section 186
- Reconstituted the Nomination and Remuneration Committee with Ms. Nita Bhagat as Chairperson
Statutory auditor M/s. Kumbhat & Company LLP has tendered its resignation from Rite Zone Chemcon India Limited with immediate effect on August 31, 2026. The firm was originally appointed for a 5-year term from FY 2022-23 to FY 2026-27 on September 30, 2022. The resignation was triggered by the company's request to reduce audit fees for FY 2026-27, which the auditor declined due to estimated time and effort. The auditor confirmed there are no other material reasons or unresolved concerns.
- Auditor Kumbhat & Co. LLP resigned on August 31, 2026 before completing the 5-year term ending FY 2026-27
- Resignation was triggered by disagreement after company requested a reduction in statutory audit fees for FY 2026-27
- Latest audit report issued by the auditor was dated May 20, 2026 for the financial year ended March 31, 2026
- Auditor confirmed no other material reasons or information limitations existed
Rite Zone Chemcon India Limited announced the resignation of its Statutory Auditor, M/s. Kumbhat & Company LLP, effective August 31, 2026. The resignation occurred ahead of their 5-year tenure ending in FY 2026-27 because the auditor declined the company's request to reduce audit fees for FY 2026-27 citing required audit effort. In their official disclosure, the auditors confirmed that there are no underlying accounting concerns, limitations, or other material reasons for the exit.
- Kumbhat & Co. LLP resigned as statutory auditor with immediate effect on August 31, 2026.
- The auditor was originally appointed on September 30, 2022, for a 5-year term spanning FY 2022-23 to FY 2026-27.
- The exit followed the company's request to reduce audit fees for FY 2026-27, which the firm declined.
- The auditor confirmed zero governance concerns or information access issues in their regulatory declaration.
Financial Performance
Revenue Growth by Segment
The company operates in a single primary segment of construction chemicals and concrete products. Gross Income for FY 2024-25 was INR 2,642.19 Lakhs, representing a marginal decline of 1.71% compared to INR 2,688.06 Lakhs in FY 2023-24.
Geographic Revenue Split
The company operates in both domestic and international markets; however, specific percentage splits for each region are not disclosed in the available documents.
Profitability Margins
Net Profit Margin for FY 2024-25 was 3.38% (INR 89.32 Lakhs), a decline from 4.21% (INR 113.09 Lakhs) in FY 2023-24. Profit Before Tax (PBT) margin stood at 4.29% (INR 113.25 Lakhs) compared to 5.39% (INR 144.93 Lakhs) in the previous year.
EBITDA Margin
Core profitability as measured by PBT declined by 21.86% YoY to INR 113.25 Lakhs, primarily driven by a rise in employee and operational expenses despite a 0.56% reduction in total expenditure to INR 2,528.93 Lakhs.
Capital Expenditure
The company utilized INR 525.00 Lakhs for working capital requirements out of a projected INR 675.00 Lakhs from IPO proceeds as of September 30, 2025. INR 50.00 Lakhs was utilized for general corporate purposes.
Credit Rating & Borrowing
The company has borrowings from commercial banks; however, specific credit ratings and interest rate percentages are not disclosed in the available documents.
Operational Drivers
Raw Materials
Specific chemicals and concrete components used in manufacturing construction chemicals and concrete products; exact percentage of total cost for each is not disclosed.
Key Suppliers
Not disclosed in available documents, though the company notes dependency on a few large suppliers.
Raw Material Costs
Total expenditure, including raw materials and operational costs, was INR 2,528.93 Lakhs in FY 2024-25, a slight decrease of 0.56% YoY from INR 2,543.13 Lakhs.
Strategic Growth
Growth Strategy
The company plans to achieve growth by expanding into new geographies, launching new products, and increasing network strength. In mature economies, the strategy focuses on higher profitability and stable cash flow, while emerging economies are targeted for sustainable long-term growth driven by urbanization and rising disposable income.
Products & Services
Construction chemicals and concrete products.
Brand Portfolio
Rite Zone Chemcon India Limited.
New Products/Services
The company is focusing on new product launches to enhance network strength, though specific revenue contribution percentages are not disclosed.
Market Expansion
Planned expansion into new domestic and international geographies to leverage emerging market opportunities.
External Factors
Industry Trends
The industry is benefiting from increasing urbanization and disposable income in emerging economies, providing sustainable long-term growth. The company is positioning itself through network expansion and new product launches to capture these shifts.
Competitive Landscape
The company faces competition in both domestic and international markets, influenced by economic conditions and price fluctuations.
Competitive Moat
The company relies on its established presence in emerging economies and a team of qualified personnel to maintain its competitive position in the construction chemicals and concrete products market.
Macro Economic Sensitivity
Sensitive to economic developments, changes in government regulations, and tax laws within India.
Consumer Behavior
Demand is driven by trends in the construction and infrastructure sectors, which are influenced by urbanization and economic growth.
Geopolitical Risks
Exposure to risks associated with international market expansion and changes in global demand/supply conditions.
Regulatory & Governance
Industry Regulations
Subject to the Companies Act 2013, SEBI (LODR) Regulations 2015, and other applicable statutes. The company is exempt from filing Corporate Governance Reports under Regulation 27(2)(a) as it is listed on the SME Exchange.
Taxation Policy Impact
Current tax for FY 2024-25 was INR 28.46 Lakhs with a deferred tax credit of INR 4.53 Lakhs, resulting in a total tax expense of INR 23.94 Lakhs.
Legal Contingencies
The company reported zero pending litigations that would impact its financial position as of March 31, 2025.
Risk Analysis
Key Uncertainties
Potential inability to comply with bank covenants (high impact on liquidity), loss of key customers/suppliers (high impact on revenue), and risks associated with geographic expansion.
Third Party Dependencies
Significant dependency on a few large suppliers for raw material purchases.
Credit & Counterparty Risk
The company has not granted unsecured loans or made investments in other firms during the year; receivables quality is monitored through internal financial controls.
