Basic Materials
Epigral Limited’s Q4 and FY2026 Results Show Strong Growth
Epigral Limited FY2026 results highlight strong growth, record revenue, and strategic expansions.
Epigral Limited’s Q4 and FY2026 Results
Epigral Limited FY2026 results — Epigral Limited showcased strong growth in Q4 and FY2026, driven by a 15% sequential increase in sales volume and a 22% year-on-year growth. The company reported its highest-ever revenue of ₹736 crore, marking a 22% growth. Notably, the revenue contribution from Derivatives & Specialty business increased to 54% in Q4FY26.
Financial Highlights
The absolute EBITDA grew by 64% to ₹169 crore, while the EBITDA margin improved to 23% due to better utilization levels and normalized inventory costs. The PAT rose by 109% to ₹82 crore, reflecting a 11% PAT margin. For FY2026, the revenue stood at ₹2,542 crore, a slight drop of 1% due to a 4% decline in sales volume. The EBITDA stood at ₹567 crore, and the EBITDA margin remained at 23%.
Strategic Highlights
The Epigral board proposed a final dividend of ₹5 per share, 50% on face value of ₹10. The company spent ₹394 crore on capex in FY2026. Capex plans are progressing as scheduled, with expansions in CPVC Resin and Epichlorohydrin capacities. The CPVC Resin capacity will reach 1,50,000 TPA, and Epichlorohydrin capacity will reach 1,00,000 TPA by adding additional 75,000 TPA and 50,000 TPA respectively. The Wind Solar Hybrid Power Plant capacity will reach 38.14 MW by adding an additional 19.80 MW.
Epigral has been awarded the EcoVadis Silver Medal and Responsible Care has been renewed for another 3 years. The CMD, Mr. Maulik Patel, emphasized the company’s resilience amid geopolitical uncertainties and the progress of capex projects for Epichlorohydrin and CPVC expansion. These projects are expected to address India’s growing demand and enhance financial performance.
Looking ahead, Epigral expects this momentum to continue into FY27, subject to global macro conditions. With these projects nearing completion and a pipeline of new initiatives focused on further integration, Epigral is well-positioned to deliver consistent growth and long-term value for its stakeholders.
This development is part of Epigral Limited FY2026 results’s ongoing strategy and is expected to have a meaningful impact on stakeholders in the coming quarters.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Epigral Limited
Epigral Limited belongs to the Basic Materials › Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Epigral rises 16.5% over three months, with buying pressure holding steady. The business compounds revenue at 17.5% and profits at 12.3% CAGR. That is strong double-digit growth on both counts. The PEG of 1.24 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock holds at 30% of its 52-week range with RSI at 69. In other words, neither side has a clear edge right now. Both the business and the stock move in the right direction. Revenue grows at 17.5%, profits at 12.3%, and the PEG sits at 1.24 — below its growth rate. That combination is rare.
Basic Materials
Prakash Industries Limited (prakash) Q2fy2027: Net Sales Up 24%, Ebitda Rises 30%
Prakash Industries Limited (PRAKASH) reports Q2FY2027 results with net sales at ₹896 Cr, up 24%, and EBITDA at ₹149 Cr, up 30% over Q2FY2026.
Prakash Industries Limited (PRAKASH) has announced its financial results for the quarter and half-year ended 30th September, 2026. The company reported a significant growth in net sales and EBITDA for Q2FY2027 compared to the same period last year.
Strong Financial Performance
During the quarter, the company achieved net sales of ₹896 crores, reflecting a robust growth of 24% over the corresponding quarter of the last financial year. The EBITDA also saw a notable increase of 30% to ₹149 crores. Profit after tax for the quarter stood at ₹65 crores, up from ₹62 crores in the same quarter last year. This growth is attributed to the company’s strategic decisions and operational efficiencies.
Half-Year Achievements
For the half-year ended 30th September, 2026, Prakash Industries Limited reported net sales of ₹1928 crores, marking a 10% growth over the corresponding period of the previous financial year. The EBITDA for the half-year was ₹303 crores, showing a 17% increase. The company has also seen a positive impact from its mining operations, with coal extraction from its Bhaskarpara Coal Mine contributing to the overall growth.
Future Outlook
The company is optimistic about achieving its target of 1.2 million tonnes of coal extraction in FY2027, up from 1.0 million tonnes in the previous financial year. However, the management cautions that forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially from the implied results.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Prakash Industries Limited
Prakash Industries Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Prakash falls 13.8% over three months and has not found a floor yet. The PEG of 0.33 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 9.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gains 0.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 0.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Prakash Industries Limited.
Basic Materials
Man Industries (india) Limited Q2 FY27: Delivers Highest Ever Core Business Ebitda
Man Industries (India) Limited (NSE: MANINDS) reports Q2 FY27 with consolidated EBITDA at ₹190 crore, up 86.6% YoY.
Man Industries (India) Limited (NSE: MANINDS) announced its financial results for the quarter and half year ended September 30, 2026, showcasing a record-breaking performance. The company’s consolidated EBITDA reached ₹190 crore, marking the highest-ever quarterly figure and reflecting an impressive 86.6% year-on-year growth.
Record Core Business Revenue & EBITDA
The company’s consolidated EBITDA of ₹190 crore was driven by a 49.3% year-on-year increase in consolidated revenue from operations, reaching ₹1,216 crore. The EBITDA margin expanded by 310 basis points to 15.6%, primarily due to the contribution of National Pipe Company (NPC), which has been consolidated since its acquisition on May 21, 2026.
Impact of Shipping Disruption
Geopolitical conflict in West Asia disrupted key maritime routes, causing port congestion and delays in dispatches of finished goods. As a result, revenue of approximately ₹320 crore was deferred beyond Q2 FY27. The customer has since nominated alternate ports, and these shipments are being executed.
Consolidated Order Book
The consolidated order book stands at ~₹3,500 crore across India and Saudi Arabia, with the majority executable over the next 6–9 months. With ongoing projects in Jammu and Dammam, MAN Industries is well-positioned to build a larger, more integrated global pipeline solutions business.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Man Industries (India) Limited
Man Industries (India) Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Man gains 45.9% over three months and trades near its 52-week highs. Thin margins at 5.3% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 16.5% and profits at 36.5% CAGR. That is strong double-digit growth on both counts. Buyers show up with 1.8x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 45.9% in three months on 16.5% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Man Industries (India) Limited.
Basic Materials
Indo Borax & Chemicals Ltd (indoborax) H1fy27: Consolidated Operating Income Up 16.0% to Rs 129.29 Crore
Indo Borax & Chemicals Ltd (INDOBORAX) reports a 16% rise in consolidated operating income for H1FY27, with key metrics and strategic updates.
Indo Borax & Chemicals Ltd (NSE: INDOBORAX), one of India’s leading manufacturers of boron-based chemicals, posted a 16.0% growth in consolidated operating income for H1FY27 to Rs 129.29 crore, up from Rs 111.42 crore in H1FY26. The company’s consolidated Profit After Tax (PAT) for H1FY27 stood at Rs 21.00 crore, compared to Rs 26.47 crore. The company’s Adjusted EBITDA and PAT margins (both on a consolidated basis) for H1IFY27 stood at 21.7% and 15.4%, respectively.
Strategic Moves
The company completed its acquisition of a 64.26% stake in Kronox Lab Sciences Ltd and appointed Mr. Suresh Kalra as Managing Director and Chief Executive Officer at Kronox. Additionally, the board approved the amalgamation of its wholly owned subsidiary, Indoborax Infrastructure Private Ltd, with Indo Borax Chemicals, subject to necessary regulatory approvals.
Financial Highlights
For Q2FY27, the company’s Consolidated Operating Income stood at Rs 58.94 crore, compared to Rs 57.85 crore in Q2FY26. Consolidated EBITDA for Q2 FY27 stood at Rs 7.93 crore, while PAT stood at Rs 4.75 crore. The company’s PAT margin in Q2 FY27 was net of expenses of Rs 6.64 crore, related to the acquisition of Kronox Lab Sciences Ltd as a subsidiary.
Future Outlook
Commenting on the company’s performance, Mr. Suresh Kalra, Managing Director & CEO, Indo Borax & Chemicals Ltd., said, “The quarter under review witnessed steady demand across our key product segments, despite the seasonal impact of the monsoon. However, profitability remained under pressure due to higher raw material costs and geopolitical uncertainties in the Middle East, thereby impacting the overall cost environment. We will continue to focus on operational efficiencies, prudent cost management and optimising product mix to navigate these challenges in the coming quarters.”
As a result, the company is confident of sustaining the growth momentum and strengthening its margins further, backed by diversification, premiumisation and disciplined execution.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Indo Borax & Chemicals Limited
Indo Borax & Chemicals Limited belongs to the Basic Materials › Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Indo falls 13.3% over three months and has not found a floor yet. Margins at 23.3% are impressive but need to be sustained — any compression would be a red flag. Revenue contracts at -1.4% CAGR. That signals structural headwinds, not a short-term blip. RSI stands at 26, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 10 for buyers, so the pressure has not fully lifted. The stock holds up despite -1.4% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of Indo Borax & Chemicals Limited.
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