Pondy Oxides & Chemicals Ltd
POCLPondy Oxides & Chemicals Ltd's multiple sits at its floor because earnings outran a 11× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 26th percentile of its own 3-year range.
The sharpest disagreement: profits are rising, but only −27% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (18 weeks in) while the P/E sits at the 26th percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +44.0% year on year, and −27% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Pondy Oxides & Chemicals Ltd trades at ₹455, in a confirmed uptrend and 18 weeks into that stage. That is −8.9% against its own 200-day average. It sits at 4% of a 52-week range of ₹420 to ₹1,373. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (7 weeks and counting).
Today the stock is in a confirmed uptrend — week 18 of stage 2, confirmed. At ₹455 it trades −8.9% versus its 200-day average and sits at 4% of its 52-week range (₹420–₹1,373).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +4,889% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (7 weeks and counting; last ahead the week of 2026-07-24) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Pondy Oxides & Chemicals Ltd's story is not scored yet against the markers our research file set on 27 June 2026. Where it sits in its own cycle: Not stated in the research file.
Our read, 27 June 2026. Lead recycler pivoting to copper cathode integration at EBITDA margin 70% above current run rate — but the margin read requires adjustment: current OPM is at its 80th percentile, making the trailing PE optically cheap while the cycle-normalized PE sits 25 percentile points higher.
What is proven. Lead recycler pivoting to copper cathode integration at EBITDA margin 70% above current run rate — but the margin read requires adjustment: current OPM is at its 80th percentile, making the trailing PE optically cheap while the cycle-normalized PE sits 25 percentile points higher.
🚨 What would change our mind. If Q1-Q2 FY27 copper recycling volumes come in below 2,000 tons per quarter (signaling cathode feedstock priority cannibalizing recycling rather than supplementing it), or if lead EBITDA per ton drops below Rs 15,000 for two consecutive quarters (indicating the value-added premium is eroding), the core thesis that this is a margin-structural story — not a peak-cycle moment — would require reassessment. Also: if the December 2026 copper cathode Phase 1 commissioning slips beyond Q1 FY28 without…
🚨 What the surface reading misses. The surface reading is: Negative OCF signals weak earnings quality — PAT may be accrual-inflated. The research reads it further: OCF is negative primarily because (a) payable days collapsed from 16 (FY14 base) to 2 (FY26) as copper procurement scaled and supplier credit terms shortened, adding ~Rs 100 crore WC drag over the window; (b) FY26 year-end had Rs 128-130 crore export receivable resolved April 5 (concall-confirmed); and (c) revenue expanded 45% requiring proportional inventory and debtors build. The OCF negativity is a growth-WC artifact, not accrual inflation.
🚨 What the surface reading misses. The surface reading is: 128% PAT growth suggests either extraordinary acceleration or base effect/one-off. The research reads it further: The growth is operational — Jun 2025 PAT Rs 25 crore already represents 92% YoY growth from Rs 13 crore Jun 2024, before any one-off. One-off ledger is clean for all 8 quarters (FY24-FY26). Growth comes from two legs: (1) copper segment scaling from near-zero to Rs 673 crore revenue FY26 (7x volume growth), and (2) lead EBITDA per ton rising 43% YoY as value-added mix improved. Mar 2023 one-off (Rs 37 crore PAT flattered) does not affect FY25 or FY26 comparisons.
Sources: our stock research file (27 June 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Pondy Oxides & Chemicals Ltd reported ₹935 Cr of revenue in the Jun 26 quarter, +55.1% year on year. That is the 9th straight quarter of year-on-year growth. Over 18 years it has compounded at 17.4% a year. The last full year, FY26, came in at ₹2,958 Cr. The last four reported quarters add to ₹3,290 Cr.
Why this happened. Lead EBITDA per ton reached Rs 19,739 in Q4 FY26 (43% YoY growth), driven by the shift to value-added alloys including niche sole-source products for specific OEM customers. Management refused to detail the chemistry on the public forum due to competitive sensitivity. FY27 guidance is Rs 17,000-19,000 per ton (a slight downward revision from Q4 peak to reflect volume recovery prioritization alongside margin). The premium is real but its durability depends on OEM relationship stickiness and customer-specific qualification barriers.
FY26 revenue came in at ₹2,958 Cr (+43.8% on the year), capping 18 years at 17.4% compound. The latest quarter (Jun 26) printed ₹935 Cr, +55.1% year on year — the 9th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +49.3% growth against the decade's 17.4% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +48.5% over the last 4 quarters against +40.7%/yr over the last 8 — accelerating; TTM profit +104.3% vs +86.8%/yr — accelerating.
FY26-Q4. revenue ₹935 Cr and profit ₹38 Cr as reported.
FY27-Q1. revenue ₹935 Cr and profit ₹36 Cr as reported.
Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Pondy Oxides & Chemicals Ltd's operating margin is 6.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.4% to 10.0%. The current quarter sits inside that band.
Why this happened. Management approved a 36,000 MT copper cathode-anode plant at Rs 200 crore capex funded entirely from internal accruals, with Phase 1 (18,000 MT) targeted December 2026 commissioning. At Rs 60,000-70,000 EBITDA per ton vs current recycling at Rs 35,000-40,000, Phase 1 produces 70-100% margin uplift per ton. FY28 target: 24,000-29,000 total copper volume at blended Rs 60,000 EBITDA per ton. The copper cathode target is a forward management commitment pending trial production validation — precision flagged by management, scope for downside if trial margins disappoint.
The latest quarter's operating margin is 6.0%, −1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.4%–10.0%.
🚨 Why the margin moved: operating margin went −0.8 pp year on year while gross margin went −2.1 pp — the loss came mostly from the gross line: input costs and pricing.
FY26-Q4. revenue ₹935 Cr and profit ₹38 Cr as reported.
FY27-Q1. revenue ₹935 Cr and profit ₹36 Cr as reported.
Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Pondy Oxides & Chemicals Ltd earned ₹36.0 Cr of net profit in the Jun 26 quarter, +44.0% year on year. It is the 9th consecutive quarter of growth. Full-year FY26 profit was ₹132 Cr. The 18-year compound rate is 19.9%. That is 3.9% of the quarter's revenue. The same quarter a year earlier earned ₹25.0 Cr.
Jun 26 profit was ₹36.0 Cr, +44.0% year on year — the 9th consecutive quarter of growth. On the full year, FY26 printed ₹132 Cr (+127.6%), and the 18-year compound rate is 19.9%.
Why profit moved: revenue contributed +55.1% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +115.8% vs revenue +49.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
FY26-Q4. revenue ₹935 Cr and profit ₹38 Cr as reported.
FY27-Q1. revenue ₹935 Cr and profit ₹36 Cr as reported.
Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −27% of Pondy Oxides & Chemicals Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−44.0 Cr of operating cash against ₹132 Cr of profit. After ₹31.0 Cr of capital spending, ₹−75.0 Cr was left as free cash.
FY26: operating cash of ₹−44.0 Cr against reported profit of ₹132 Cr, leaving free cash of ₹−75.0 Cr after ₹31.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −27% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −27%: the cash cycle held roughly steady between FY13 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 2.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Pondy Oxides & Chemicals Ltd's cash conversion cycle runs 69 days in FY26, down from 71 days in FY13. Capital spending ran ₹150 Cr over the last 3 years. At FY26 sales of ₹2,958 Cr each day of that cycle holds about ₹8.1 Cr, so roughly ₹559 Cr sits inside the business at any moment.
FY26: debtors at 33 days, inventory at 38 days — roughly 1.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 69 days, tighter than FY13's 71.
The full loop: cash goes out to suppliers and production on day 0; stock waits 38 days to sell; customers pay about 33 days after that; and suppliers themselves are paid at 2 days — netting out to the 69-day cycle.
In money terms: at FY26 sales of ₹2,958 Cr, each day of the cycle holds about ₹8.1 Cr — so the 69-day loop keeps roughly ₹559 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹150 Cr over the last 3 fiscal years against ₹55.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹3.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Pondy Oxides & Chemicals Ltd earns a ROCE of 23% in FY26. That is up from a trough of −6% in FY09. Return on invested capital clears the cost of that capital by +3.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 4.5% net margin on 3.01× asset turns.
FY26 ROCE is 23%, recovered from a FY09 trough of −6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 4.5% net margin × 3.01× asset turns × 1.25× balance-sheet leverage ≈ 16.9% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 15.8% − 12.0% = a +3.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Pondy Oxides & Chemicals Ltd carries total debt of ₹152 Cr against shareholder equity of ₹788 Cr as of Mar 26, a debt-to-equity of 0.19 — effectively unlevered. On the annual view that ratio went from 0.51 in FY22 to 0.19 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹152 Cr against shareholder equity of ₹788 Cr — a debt-to-equity of 0.19. On the annual view, debt-to-equity went from 0.51 (FY22) to 0.19 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 8.8 points of Pondy Oxides & Chemicals Ltd over 8 quarters, the biggest move on the register. That takes promoters to 36.4% of the company. Domestic institutions moved +7.5 points over the same window, to 7.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −8.8 points over 8 quarters to 36.4%; Domestic institutions: +7.5 points over 8 quarters to 7.5%; Foreign institutions: +3.1 points over 8 quarters to 3.1%.
🚨 Why the register moved: promoters drove it (−8.8 points), absorbed on the other side by domestic institutions (+7.5 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Pondy Oxides & Chemicals Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Pondy Oxides & Chemicals Ltd trades at 24.2× P/E, near the bottom of its own range — cheaper only 26% of the time. Its long-run median P/E is 36.6×, measured across 3.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 24.2× is near the bottom of its own range — cheaper only 26% of the time, against a long-run median of 36.6× measured over 3.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +109.2% against a −10.0% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the +68.7%/yr price move, ~+37.5%/yr came from earnings growth and ~+31.2 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 27 August 2026 price, Pondy Oxides & Chemicals Ltd was paying for profit growth of about 15.4% a year. Profit itself has compounded 19.9% a year over the past 18 years. Today the market pays 24.2× P/E, the 26th percentile of its own 3-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is close to what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 27 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Pondy Oxides & Chemicals Ltd reads as improving on its fundamental arc. Improving — profit growth bottomed 8 quarters ago at −39.7% and has held its recovery at +104.3%, ROCE lifting at 27.4%. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +43.8% | +26.1% | — | — |
| Profit | +127.6% | +20.7% | — | — |
| EPS | +109.2% | +10.2% | — | — |
| Share price | −10.0% | +68.7% | +61.0% | +41.2% |
4-Factor Sector Score
54.0/100 — rank 4 of 9 in Recycling · 100% evidence confidence
Pondy Oxides & Chemicals Ltd scores 54.0 out of 100 against the 9 companies it is compared with in Recycling, ranking 4. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -17.7% and the one-year return is -9.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
The four contributions add to the total exactly: 27.6 + 13.6 + 9.4 + 3.4 = 54. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Said versus delivered
What Pondy Oxides & Chemicals Ltd's management promised, set against what actually arrived — 4 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
Plastic Relocation Timeline Shift · 27 May 2026. During the Jan 2026 call, management claimed that the plastic recycling facility had completed its relocation and was actively producing. However, in the May 2026 call, they stated that actual production at this new location did not begin until March.
Copper Volume Targets Downscaled · 27 May 2026. In the Jan 2026 call, the company prioritized a minimum copper production target of 12,000 metric tons for FY27. In the May 2026 call, management reduced this projection for the recycling segment to just 8,000 to 9,000 tons, clarifying that they will now only achieve the 12,000-ton total by including additional output from the newly approved copper cathode plant.
🚨 Inconsistent Lead EBITDA Guidance · 27 May 2026. In the Oct 2025 call, management confirmed they could sustain the Q2 lead EBITDA margins of approximately 20,000 Indian rupees per ton. However, in the Jan 2026 call, they downgraded their sustainable margin range to 15,000 to 17,500 Indian rupees per ton, which was once again revised upward in the May 2026 call to 17,000 to 19,000 Indian rupees per ton.
🚨 Lithium Entry Timeline Delay · 29 January 2026. In the October 2025 call, management provided specific guidance targeting 2027 for full-fledged commercial entry into lithium-ion recycling. However, in the January 2026 call, this timeline was pushed back to 2028, with management citing uncertainty regarding feedstock and technology, explicitly stating there are no plans for the next year. Earlier call (Oct 2025): “But our guidance for lithium-ion, we are technically looking at somewhere around 2027 to be entering full-fledged into lithium-ion.” Later call (Jan 2026): “We foresee improving by 2028. We will take a call on it later... nothing for next year [FY27].”
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Bhagyanagar India LtdBHAGYANGR | 69.3/100Favorable setup87% evidence | LEADER | 30.7/35 Revenue 49.1% · PAT 100% · OPM change 1.7 pp 95% evidence | 14.7/25 ROCE 20.7% · OPM 5% 95% evidence | 9.9/20 P/E 22.5× · PEG — 50% evidence | 14.0/20 RS sector 79.9% · RS bench 88.7% · 1Y 356.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 30.7 + 14.7 + 9.9 + 14 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Namo eWaste Management LtdNAMOEWASTE | 63.2/100Thin evidence · provisional56% evidence | LEADER | 20.1/35 Revenue — · PAT — · OPM change 3 pp 26% evidence | 15.5/25 ROCE 21.3% · OPM 11% 95% evidence | 8.9/20 P/E 45.3× · PEG — 15% evidence | 18.7/20 RS sector 27.9% · RS bench 37.3% · 1Y 51.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 15.5 + 8.9 + 18.7 = 63.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 3NILE LtdNILE | 55.5/100Mixed-positive evidence81% evidence | 17.5/35 Revenue 17% · PAT 12.1% · OPM change -5.3 pp 95% evidence | 16.3/25 ROCE 25.3% · OPM 3.8% 95% evidence | 11.5/20 P/E 9.6× · PEG — 50% evidence | 10.2/20 RS sector 3.2% · RS bench -12.1% · 1Y -22.7%4 of 5 weeks ahead to 2026-08-09 70% evidence | |
| Exact sum: 17.5 + 16.3 + 11.5 + 10.2 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Pondy Oxides & Chemicals Ltdthis pagePOCL | 54.0/100Mixed-positive evidence100% evidence | BASING | 27.6/35 Revenue 48.5% · PAT 100% · OPM change -1 pp 100% evidence | 13.6/25 ROCE 23.4% · OPM 6% 100% evidence | 9.4/20 P/E 24.2× · PEG 2.37 100% evidence | 3.4/20 RS sector -17.7% · RS bench -10.5% · 1Y -9.6%5 of 12 weeks ahead 100% evidence |
| Exact sum: 27.6 + 13.6 + 9.4 + 3.4 = 54 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -17.7% and the one-year return is -9.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 5Gravita India LtdGRAVITA | 50.8/100Mixed-positive evidence100% evidence | BREAKING OUT | 17.6/35 Revenue 17.5% · PAT 15.7% · OPM change -3 pp 100% evidence | 10.3/25 ROCE 17% · OPM 7% 100% evidence | 10.6/20 P/E 31.4× · PEG 1 100% evidence | 12.3/20 RS sector -6.7% · RS bench 1.6% · 1Y -1.5%8 of 12 weeks ahead 100% evidence |
| Exact sum: 17.6 + 10.3 + 10.6 + 12.3 = 50.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Eco Recycling LtdECORECO | 48.0/100Mixed-negative evidence76% evidence | 13.5/35 Revenue 31.9% · PAT 3.2% · OPM change 1.5 pp 95% evidence | 19.4/25 ROCE 30.8% · OPM 56.3% 76% evidence | 10.1/20 P/E 35× · PEG — 50% evidence | 5.0/20 RS sector -36.6% · RS bench -1.5% · 1Y -25.5%0 of 12 weeks ahead 70% evidence | |
| Exact sum: 13.5 + 19.4 + 10.1 + 5 = 48 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Jain Resource Recycling LtdJAINREC | 47.7/100Mixed-negative evidence73% evidence | ASLEEP | 18.3/35 Revenue 65.3% · PAT 62.2% · OPM change -2 pp 100% evidence | 14.4/25 ROCE 25.7% · OPM 4% 100% evidence | 5.0/20 P/E 27× · PEG 3.48 65% evidence | 10.0/20 RS sector — · RS bench — · 1Y -6.5%0 of 12 weeks ahead 0% evidence |
| Exact sum: 18.3 + 14.4 + 5 + 10 = 47.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Antony Waste Handling Cell LtdAWHCL | 39.8/100Mixed-negative evidence81% evidence | BASING | 8.8/35 Revenue 11.8% · PAT -32% · OPM change -8 pp 95% evidence | 12.5/25 ROCE 11.2% · OPM 14.3% 95% evidence | 13.8/20 P/E 17.8× · PEG — 50% evidence | 4.7/20 RS sector -20.3% · RS bench -22.3% · 1Y -36.5%1 of 10 weeks ahead 70% evidence |
| Exact sum: 8.8 + 12.5 + 13.8 + 4.7 = 39.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 9Ganesha Ecosphere LtdGANECOS | 34.5/100Adverse evidence94% evidence | BREAKING OUT | 10.2/35 Revenue 7% · PAT -38% · OPM change 3 pp 100% evidence | 5.5/25 ROCE 5.6% · OPM 14% 100% evidence | 10.9/20 P/E 48.1× · PEG 0.43 100% evidence | 7.9/20 RS sector -29.3% · RS bench 5.2% · 1Y -24.2%7 of 10 weeks ahead 70% evidence |
| Exact sum: 10.2 + 5.5 + 10.9 + 7.9 = 34.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Pondy Oxides & Chemicals Ltd's share price today?
Pondy Oxides & Chemicals Ltd trades at ₹455, −10.0% over the past year. The company is valued at ₹3,464 Cr. The stock sits at 4% of its 52-week range of ₹420–₹1,373, −8.9% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 18 weeks in. — as of 11 September 2026.
What were Pondy Oxides & Chemicals Ltd's latest quarterly results?
Pondy Oxides & Chemicals Ltd reported revenue of ₹935 Cr and net profit of ₹36.0 Cr for the Jun 26 quarter. Revenue rose 55.1% and profit rose 44.0% year on year. Earnings per share were ₹4.70. The operating margin was 6.0%, 1.0 pp lower than a year earlier. — as of 11 September 2026.
What is Pondy Oxides & Chemicals Ltd's revenue?
Pondy Oxides & Chemicals Ltd reported revenue of ₹935 Cr in the Jun 26 quarter, +55.1% year on year. For the full FY26 fiscal year, revenue was ₹2,958 Cr (+43.8%). Over the last 18 years revenue compounded at 17.4% a year. — as of 11 September 2026.
What is Pondy Oxides & Chemicals Ltd's profit?
Pondy Oxides & Chemicals Ltd earned ₹36.0 Cr of net profit in the Jun 26 quarter, +44.0% year on year — the 9th straight quarter of growth. Full-year FY26 profit was ₹132 Cr. The operating margin ran 6.0% in the latest quarter. — as of 11 September 2026.
What is Pondy Oxides & Chemicals Ltd's market cap?
Pondy Oxides & Chemicals Ltd's market capitalisation is ₹3,464 Cr at a share price of ₹455. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Pondy Oxides & Chemicals Ltd's P/E ratio?
Pondy Oxides & Chemicals Ltd trades at a P/E of 24.2×, at the 26th percentile of its own 3-year range, against a long-run median of 36.6×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Pondy Oxides & Chemicals Ltd pay a dividend?
Yes — Pondy Oxides & Chemicals Ltd's dividend payout was 12% of profit in FY26, and it recorded a payout in 12 of its last 13 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. — as of 11 September 2026.
Is Pondy Oxides & Chemicals Ltd overvalued?
On its own history, Pondy Oxides & Chemicals Ltd looks cheap: its P/E of 24.2× has been cheaper only 26% of the time in 3 years (long-run median 36.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Pondy Oxides & Chemicals Ltd growing?
Yes — Pondy Oxides & Chemicals Ltd is growing: latest-quarter revenue +55.1% year on year, profit +44.0%, and the margin −1.0 pp at 6.0%. The 18-year compound rates are 17.4% (revenue) and 19.9% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Pondy Oxides & Chemicals Ltd performing?
Pondy Oxides & Chemicals Ltd is in a confirmed uptrend, 18 weeks in. Its latest quarter's revenue rose 55.1% and profit rose 44.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 7 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Pondy Oxides & Chemicals Ltd in?
Improving — profit growth bottomed 8 quarters ago at −39.7% and has held its recovery at +104.3%, ROCE lifting at 27.4%. The read comes from the last 12 quarters of growth (revenue growth +48.5% latest, profit growth +104.3% latest, eps growth +88.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Pondy Oxides & Chemicals Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 18 of stage 2), trading −8.9% versus its 200-day average and at 4% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Pondy Oxides & Chemicals Ltd beating the market?
Not lately — on a trailing-13-week view Pondy Oxides & Chemicals Ltd is currently behind the NIFTY 500 (7 weeks and counting; last ahead the week of 2026-07-24), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +4,889% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Pondy Oxides & Chemicals Ltd's share price go up?
This page publishes no price forecast for Pondy Oxides & Chemicals Ltd. What it measures instead: the share price is ₹455, the price is in a confirmed uptrend 18 weeks in. Its P/E of 24.2× sits at the 26th percentile of its own 3-year range. — as of 11 September 2026.
Who owns Pondy Oxides & Chemicals Ltd?
Promoters hold 36.4% of Pondy Oxides & Chemicals Ltd, foreign institutions 3.1%, domestic institutions 7.5% and the public 53.0% (latest quarter). The biggest move on the register over the last two years: Promoters cut 8.8 points over 8 quarters. — as of 11 September 2026.
Does Pondy Oxides & Chemicals Ltd have too much debt?
No — Pondy Oxides & Chemicals Ltd's debt-to-equity is 0.19, and operating profit covers the interest bill 18×. FY26 borrowings were ₹152 Cr against equity of ₹788 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Pondy Oxides & Chemicals Ltd's capex?
Pondy Oxides & Chemicals Ltd spent ₹150 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹31.0 Cr, with ₹3.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Pondy Oxides & Chemicals Ltd's cash flow?
Pondy Oxides & Chemicals Ltd consumed ₹44.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−75.0 Cr). Operating cash was negative while the company reported a profit of ₹132 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Pondy Oxides & Chemicals Ltd's profit real cash?
No — operating cash was negative over the last 3 fiscal years: Pondy Oxides & Chemicals Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−44.0 Cr against reported profit of ₹132 Cr. Cash-flow resolution is annual — as of 11 September 2026.
Where is Pondy Oxides & Chemicals Ltd in its business cycle?
Pondy Oxides & Chemicals Ltd's FY26 operating margin was 7.0%, against a 13-year band of −2.4%–10.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 6.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Pondy Oxides & Chemicals Ltd's price assume?
At its price on 27 August 2026, Pondy Oxides & Chemicals Ltd was priced for profit growth of about 15.4% a year. Profit itself has compounded 19.9% a year over the past 18 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Pondy Oxides & Chemicals Ltd story?
The sharpest disagreement: profits are rising, but only −27% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Pondy Oxides & Chemicals Ltd a stock worth studying right now?
This is not investment advice. The machine read: Pondy Oxides & Chemicals Ltd's multiple sits at its floor because earnings outran a 11× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 26th percentile of its own 3-year range. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!