Regulatory Approval Or License Win
Expected: Post-litigationHIGH confidence
What: NGT Appeal: Appeal No. 36 of 2024
Impact: 200,000 TPA
Petro Carbon & Chemicals Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +30.6%Weak11w Streak
In , Petro Carbon & Chemicals Ltd (Chemicals - Others) is outperforming Nifty 500 with +30.6% relative strength. Fundamentals: Weak. On a 11-week streak.
Petro Carbon & Chemicals Ltd Key Facts
- PE Ratio
- 174.0x
- Market Cap
- ₹731 Cr
- PAT Growth YoY
- -63%
- Revenue Growth YoY
- +48%
- OPM
- 6.0%
- RS vs Nifty 500
- +30.6%
Avoid
What's Happening
🚫No earnings growth, no valuation discount — limited upside
📊Debt increased 79% YoY — leverage rising
🌐FII stake decreased 3.1% this quarter
💰Trading 94% above estimated fair value — significant premium
Earnings Acceleration Triggers
1. Regulatory Approval Or License Win
Post-litigationHIGH
Key Risks
1. CAQM and NGT have restricted capacity augmentation and new unit establishment fo
HIGH2. Heavy reliance on imported Raw Petroleum Coke (RPC) with a fixed national import
HIGHSector-Specific Signals
Capacity UtilizationNot Given
RPC Import Ceiling1.4 MMT0
Interest Coverage Ratio2.44
Key Numbers
PAT Growth YoY
-62%
Inflection Down
Revenue YoY
+48%
Inflection Up
Operating Margin
6.0%
+100 bps YoY
PE Ratio
174.0
Current Price
₹296
Fundamental Score
32/100
Weak
3Y PAT CAGR
+14%
Market Cap
731 Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Petro Carbon & Chemicals Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
What Are the Key Risks for Petro Carbon & Chemicals Ltd?
Earnings deceleration risks from management commentary
CAQM and NGT have restricted capacity augmentation and new unit establishment fo
HIGHTrigger: CAQM and NGT have restricted capacity augmentation and new unit establishment for CPC manufacturers due to environmental concerns.
Management view: Filed appeal in NGT challenging CAQM's jurisdiction outside Delhi-NCR.
Monitor: regulatory
Heavy reliance on imported Raw Petroleum Coke (RPC) with a fixed national import
HIGHTrigger: Heavy reliance on imported Raw Petroleum Coke (RPC) with a fixed national import ceiling of 1.4 MMT.
Management view: Seeking dedicated allocation for port-based calciners.
Monitor: commodity
What Did Petro Carbon & Chemicals Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
INR 299.77 Cr
Revenue for FY25 was reported at INR 299.77 Cr, though specific Q3 FY26 quarterly data is not yet publicly disclosed in the fetched sources.
EBITDA
INR 13.48 Cr
YoY -89.26%Margin 4.89%
Operating profit saw a sharp decline to INR 13.48 Cr in FY25 from INR 125.56 Cr in FY24, reflecting severe margin compression.
PAT
INR 9.47 Cr
YoY -88.51%
Net profit plummeted from INR 82.46 Cr in FY24 to INR 9.47 Cr in FY25, driven by higher raw material costs and lower realizations.
Other Highlights
• Promoter holding remains stable at 73.21% as of September 2025.
• Interest coverage ratio reported at a low 2.44x for FY2025.
• Company maintains a manufacturing capacity of 93,744 TPA of CPC at Haldia.
What Sector Metrics Matter for Petro Carbon & Chemicals Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Capacity Utilization
Not Given
Why: Not explained in source
RPC Import Ceiling
1.4 MMT
YoY 0QoQ 0
Why: Supreme Court mandated ceiling for the entire industry.
Interest Coverage Ratio
2.44
Why: High debt load and lower earnings.
What Is Petro Carbon & Chemicals Ltd's Management Guidance?
Forward-looking targets from management
Management Tone: CAUTIOUS
How Fast Is Petro Carbon & Chemicals Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +48% | +2% | Inflection Up |
| PAT (Net Profit) | -62% | +14% | Inflection Down |
| OPM | 6.0% | +100 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Petro Carbon & Chemicals Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Petro Carbon & Chemicals Ltd's latest quarterly results?
Petro Carbon & Chemicals Ltd's latest quarterly results (Sep 2025) show
- PAT Growth YoY: -62.5% (inflecting downward)
- Revenue Growth YoY: +47.7%
- Operating Margin: 6.0% (volatile)
Is Petro Carbon & Chemicals Ltd's profit growing or declining?
Petro Carbon & Chemicals Ltd's profit is declining with an inflecting downward trend.
- PAT Growth YoY: -62.5% (latest quarter)
- PAT Growth QoQ: +200.0% (sequential)
- 3-Year PAT CAGR: +14.5%
- Trend: Inflecting downward — consistent growth pattern
What is Petro Carbon & Chemicals Ltd's revenue growth trend?
Petro Carbon & Chemicals Ltd's revenue growth trend is turning around (inflection up).
- Revenue Growth YoY: +47.7%
- Revenue Growth QoQ: +116.7% (sequential)
- 3-Year Revenue CAGR: +2.2%
How is Petro Carbon & Chemicals Ltd's operating margin trending?
Petro Carbon & Chemicals Ltd's operating margin is volatile.
- Current OPM: 6.0%
- OPM Change YoY: +1.0% basis points
- OPM Change QoQ: +3.0% basis points
What is Petro Carbon & Chemicals Ltd's 3-year profit and revenue CAGR?
Petro Carbon & Chemicals Ltd's long-term compounding rates
- 3-Year Profit CAGR: +14.5%
- 3-Year Revenue CAGR: +2.2%
Is Petro Carbon & Chemicals Ltd's growth accelerating or decelerating?
Petro Carbon & Chemicals Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
- YoY Acceleration: +17.5% bps
- Sequential Acceleration: +100.0% bps
Is Petro Carbon & Chemicals Ltd overvalued or undervalued?
Petro Carbon & Chemicals Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 174.0x
- Price-to-Book: 4.2x
What is Petro Carbon & Chemicals Ltd's current PE ratio?
Petro Carbon & Chemicals Ltd's current PE ratio is 174.0x.
- Current PE: 174.0x
- Market Cap: 731 Cr
How does Petro Carbon & Chemicals Ltd's valuation compare to its history?
Petro Carbon & Chemicals Ltd's current PE is 174.0x.
- Current PE: 174.0x
- Valuation Assessment: Significantly Overvalued
What is Petro Carbon & Chemicals Ltd's price-to-book ratio?
Petro Carbon & Chemicals Ltd's price-to-book ratio is 4.2x.
- Price-to-Book (P/B): 4.2x
- Book Value per Share: ₹70
- Current Price: ₹296
Is Petro Carbon & Chemicals Ltd a fundamentally strong company?
Petro Carbon & Chemicals Ltd is rated Weak with a fundamental score of 32/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +47.7% (10% weight)
- PAT Growth YoY: -62.5% (10% weight)
- PAT Growth QoQ: +200.0% (10% weight)
- Margins stable (10% weight)
Is Petro Carbon & Chemicals Ltd debt free?
Petro Carbon & Chemicals Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹258 Cr
What is Petro Carbon & Chemicals Ltd's return on equity (ROE) and ROCE?
Petro Carbon & Chemicals Ltd's return ratios over recent years
- FY2023: ROCE 9.0%
- FY2024: ROCE 51.0%
- FY2025: ROCE 5.0%
Is Petro Carbon & Chemicals Ltd's cash flow positive?
Petro Carbon & Chemicals Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹12 Cr
- Free Cash Flow (FCF): ₹-38 Cr
- CFO/PAT Ratio: 133% (strong cash conversion)
What is Petro Carbon & Chemicals Ltd's dividend yield?
Petro Carbon & Chemicals Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹296
Who holds Petro Carbon & Chemicals Ltd shares — promoters, FII, DII?
Petro Carbon & Chemicals Ltd's shareholding pattern (Mar 2026)
- Promoters: 73.2%
- FII (Foreign): 0.8%
- DII (Domestic): 4.0%
- Public: 22.1%
Is promoter holding increasing or decreasing in Petro Carbon & Chemicals Ltd?
Petro Carbon & Chemicals Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 73.2% (Mar 2026)
- Previous Quarter: 73.2% (Sep 2025)
- Change: 0.00% (stable)
How long has Petro Carbon & Chemicals Ltd been outperforming Nifty 500?
Petro Carbon & Chemicals Ltd has been outperforming Nifty 500 for 11 consecutive weeks, indicating consistent outperformance.
Is Petro Carbon & Chemicals Ltd a new momentum entry or an established outperformer?
Petro Carbon & Chemicals Ltd is an established outperformer with 11 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Petro Carbon & Chemicals Ltd?
Petro Carbon & Chemicals Ltd has 1 key growth catalyst identified from recent earnings analysis
- Regulatory Approval Or License Win — Approval would more than double existing capacity, but currently blocked by CAQM orders.
What are the key risks in Petro Carbon & Chemicals Ltd?
Petro Carbon & Chemicals Ltd has 2 key risks worth monitoring
- [HIGH] CAQM and NGT have restricted capacity augmentation and new unit establishment fo — CAQM and NGT have restricted capacity augmentation and new unit establishment for CPC manufacturers due to environmental concerns.
- [HIGH] Heavy reliance on imported Raw Petroleum Coke (RPC) with a fixed national import — Heavy reliance on imported Raw Petroleum Coke (RPC) with a fixed national import ceiling of 1.4 MMT.
What is Petro Carbon & Chemicals Ltd's management guidance for growth?
Petro Carbon & Chemicals Ltd's management has provided the following forward guidance
- Revenue outlook: Not Given
- Margin outlook: Not Given
- Capex plan: Not Given for Expansion of existing Calcined Petroleum Coke plant by 2,00,000 TPA
- Management tone: cautious
What sector-specific metrics matter most for Petro Carbon & Chemicals Ltd?
Petro Carbon & Chemicals Ltd's most important sub-sector-specific KPIs from the latest concall
- Capacity Utilization: Not Given — Not explained in source
- RPC Import Ceiling: 1.4 MMT (YoY 0) (QoQ 0) — Supreme Court mandated ceiling for the entire industry.
- Interest Coverage Ratio: 2.44 — High debt load and lower earnings.
Is Petro Carbon & Chemicals Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Petro Carbon & Chemicals Ltd may be worth studying
- Cash flow is positive — CFO ₹12 Cr
What is the investment thesis for Petro Carbon & Chemicals Ltd?
Petro Carbon & Chemicals Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +47.7% YoY
- Growth catalyst: Regulatory Approval Or License Win
Risk Factors (Bear Case)
- Appears significantly overvalued
- Key risk: CAQM and NGT have restricted capacity augmentation and new unit establishment fo
What is the future outlook for Petro Carbon & Chemicals Ltd?
Petro Carbon & Chemicals Ltd's forward outlook based on current data signals
- Earnings Trend: inflecting downward
- Revenue Trend: turning around (inflection up)
- Margin Trend: volatile
- Valuation: Significantly Overvalued
- Key Catalyst: Regulatory Approval Or License Win
- Key Risk: CAQM and NGT have restricted capacity augmentation and new unit establishment fo
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.