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Archean Chemical Industries

ACI NSE
₹428.90 −11.00 (−2.50%)
P/E
54.64
View as Markdown
MCP
Close 4 Nov 2026 ₹428.90 −219.85 −33.9% 1Y
Start ₹648.75

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
7.41%
Debt to Equity
0.24
EPS (TTM)
₹7.85
Book Value
₹159.02
Market Cap
—
P/E (TTM)
54.64
P/B
2.70
ROE
5.42%
Dividend Yield
0.57%
EBITDA
₹266 Cr
52W High
₹659.60
52W Low
₹427.35
Day Range
₹427.35 – ₹443.65
Volume
2,65,921

Peer Comparison

Commodities › Chemicals › Specialty Chemicals

Archean Chemical Industries peer comparison
Pidilite Industries
₹1,510.2058.04₹1,54,107 Cr13.721.42%23.90%31.00%₹15,399 Cr₹2,677 Cr
Gujarat Fluorochemicals
₹4,613.3083.76₹49,073 Cr6.040.07%7.82%9.64%₹5,303 Cr₹600 Cr
Navin Fluorine International
₹8,785.0057.03₹44,060 Cr10.100.09%19.60%21.00%₹3,634 Cr₹789 Cr
Deepak Nitrite
₹1,578.4027.48₹20,919 Cr3.320.49%9.82%11.40%₹8,575 Cr₹784 Cr
Aether Industries
₹1,540.7086.90₹20,030 Cr7.880.00%9.66%11.90%₹1,231 Cr₹235 Cr
Aarti Industries
₹447.5530.57₹15,838 Cr2.590.23%7.13%6.86%₹9,010 Cr₹531 Cr
Atul
₹5,156.5019.67₹14,827 Cr2.310.59%11.50%14.90%₹6,969 Cr₹788 Cr
Archean Chemical Industries (this company)
₹428.9054.64₹5,430 Cr2.700.57%5.42%7.41%₹1,116 Cr₹95 Cr
Median 8 companies₹1,559.5555.84₹20,474 Cr4.680.36%9.74%11.65%₹6,136 Cr₹692 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

33 Poor

Data confidence 98/100

Category scores

Quality
57
Good
Returns, margins, earnings quality 22% weight
Valuation
28
Poor
Cheap vs sector & own history 24% weight
Growth
17
Poor
Sales & profit trajectory 9% weight
Financial Health
58
Good
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
18
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 21.1%
  • Company's working capital requirements have reduced from 49.5 days to 10.8 days

Weaknesses

1
  • Company has a low return on equity of 11.0% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1234
OscillatorsBullish234
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
32.48
Neutral
MACD (12,26,9)
−10.29
Bearish
SMA (50)
474.13
Bearish
SMA (200)
536.94
Bearish

As of

Analyst Rating

Based on 2 analysts
TIED50%

1 of 2 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
1
50%
HOLD
1
50%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5YIrregular period
3Y−9.14%
1Y+3.84%
TTM−0.36%

Net profit

Net profit growth by window
5YIrregular period
3Y−35.04%
1Y−35.19%
TTM−39.87%

Operating cash flow

Operating cash flow growth by window
5YIrregular period
3Y−34.40%
1Y−20.45%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5YIrregular period
3Y−21.89 pp
1Y−8.15 pp
TTM−8.23 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹608 Cr
Mar 2022₹1,130 Cr
Mar 2023₹1,441 Cr
Mar 2024₹1,330 Cr
Mar 2025₹1,041 Cr
Mar 2026₹1,081 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020−₹36.00 Cr
Mar 2022₹188 Cr
Mar 2023₹383 Cr
Mar 2024₹319 Cr
Mar 2025₹162 Cr
Mar 2026₹105 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹377 Cr +41.9% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Archean Chemical Industries trades at a market cap of ₹6,605 Cr with a PE of 63.2x, reflecting a sharp earnings decline — FY26 net profit fell to ₹105 Cr from ₹162 Cr in FY25 and ₹319 Cr in FY24. Revenue has been largely flat at ₹1,081 Cr in FY26 vs ₹1,041 Cr in FY25, while operating margins compressed from 33.7% in FY24 to 21.6% in FY26.

Bull Case 7
  • Working capital efficiency improved significantly from 49.5 days to 10.8 days, freeing up cash for operations and capex
  • Bromine capacity of 28,500 MT per annum with production targeted to grow 15-20% annually, aiming for 40,000 tons over time — a clear volume growth lever
  • Strategic diversification into semiconductors and energy storage materials provides optionality beyond core marine chemicals
  • Consistent dividend payout of 21.1% maintained despite earnings pressure, signalling management confidence in cash flows
  • Revenue grew 3.85% in FY26 to ₹1,081 Cr after declining 9% CAGR over 3 years, suggesting a potential trough and recovery
  • Near-zero debt on the balance sheet with reserves of ₹1,973 Cr as of FY26, providing financial flexibility for expansion
  • Unique natural brine reservoir in Rann of Kutch provides a cost advantage and high entry barrier in bromine and industrial salt production
Bear Case 8
  • Net profit declined 41% TTM and compounded profit CAGR is -35% over 3 years, indicating a sustained earnings deterioration
  • PE of 63.2x is extremely elevated for a commodity chemicals company with declining profitability — EPS fell from ₹26.12 in FY24 to ₹12.50 in FY26
  • Operating profit margin compressed sharply from 42.7% in FY23 to 21.6% in FY26, more than halving in three years
  • ROE declined from 18% (5-year average) to just 5% in the last year, well below cost of equity for most investors
  • 3-year ROE of 11% is low for a specialty chemicals business and flagged as a structural concern
  • Stock has delivered -15% return over 1 year and 0% CAGR over 3 years, underperforming broader market indices significantly
  • Interest costs tripled from ₹8.1 Cr in FY25 to ₹25.75 Cr in FY26, suggesting new borrowings or rising rates impacting profitability
  • Revenue CAGR of -9% over 3 years reflects structural demand or pricing weakness in core salt and bromine segments

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: ACI is maintaining shareholder returns with a ₹2.50 dividend and engaging with institutional investors. The tax penalty of ₹34.24 lakh is minor and being appealed. Elevated promoter pledge levels at 11.31% warrant monitoring but net pledge reduced after loan repayment. Overall a quiet period with no major operational catalysts; watch for any changes in pledge trajectory or business updates post-investor meetings.

Headwinds 1
  • Tax penalty order received Jul 1

    ACI received a ₹34.24 lakh penalty order for AY 2017-18. The company plans to appeal the order.

Positives 1
  • Final dividend of ₹2.50 declared Jun 12

    ACI declared a final dividend of ₹2.50 per share at its 17th AGM on June 12, 2026. All eight resolutions passed with requisite majority.

Neutral 4
  • Promoter pledge activity on shares Jul 6

    Promoter Chemikas Speciality LLP created a pledge on 8.5 lakh shares and released 22 lakh shares after loan repayment. Total pledged shares now stand at 1.39 crore (11.31% of equity).

  • CTL pledges 6.40% equity stake Jun 13

    CTL Trusteeship Limited pledged 79 lakh shares representing 6.40% of ACI on June 10, 2026.

  • ₹21 crore block trade on NSE Jun 9

    A block trade of ~4 lakh shares executed at ₹525.65 per share for a total value of ₹21.06 crore, likely involving institutional participants.

Quarterly Results

₹ Cr
ACI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
343
290
413
284
213
240
242
346
292
233
255
301
327
297
Expenses
208
195
267
197
141
166
162
257
214
171
200
257
260
227
Operating Profit
135
95
145
87
71
75
80
88
78
63
54
44
67
70
OPM %
39%
33%
35%
31%
33%
31%
33%
26%
27%
27%
21%
15%
21%
24%
Other Income
11
11
9
12
10
−29
9
8
8
6
7
5
6
4
Interest
3
2
2
2
2
3
3
0
5
6
4
10
5
5
Depreciation
18
18
18
18
19
19
20
21
23
24
24
23
23
24
PBT
125
87
135
80
61
23
66
75
58
40
33
16
44
46
Tax %
25%
24%
25%
28%
26%
31%
27%
28%
31%
27%
28%
23%
31%
31%
Net Profit
94
66
102
58
45
16
48
54
40
29
24
12
30
31
EPS (₹)
7.63
5.36
8.23
4.67
3.64
1.28
3.89
4.34
3.26
2.36
1.91
1.09
2.49
—

Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
ACI profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
608
1,130
1,441
1,330
1,041
1,081
1,116
Expenses
460
663
807
867
726
842
888
Operating Profit
148
467
634
463
315
239
228
OPM %
24%
41%
44%
35%
30%
22%
20%
Other Income
9
12
43
43
−3
27
24
Interest
122
162
97
8
8
26
26
Depreciation
52
67
69
70
79
93
93
PBT
−17
251
512
427
224
147
133
Tax %
117%
25%
25%
25%
28%
28%
—
Net Profit
−36
188
383
319
162
105
96
EPS (₹)
−3.76
19.54
31.09
25.85
13.14
8.66
7.85
Div. Payout %
0%
0%
8%
12%
23%
29%
—

Balance Sheet

₹ Cr
ACI balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
—
19
25
25
25
25
Reserves
—
243
1,406
1,677
1,839
1,910
Borrowings
—
897
69
98
235
466
Other Liabilities
—
372
255
255
290
264
Total Liabilities
—
1,531
1,755
2,055
2,389
2,665
Fixed Assets
—
1,086
1,110
1,160
1,378
1,383
CWIP
—
17
36
48
69
182
Investments
—
11
210
350
339
257
Other Assets
—
417
399
497
603
843
Total Assets
—
1,531
1,755
2,055
2,389
2,665

Cash Flow

₹ Cr
ACI cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
315
496
379
176
140
Investing
—
−110
−290
−307
−246
−293
Financing
—
−224
−212
−33
65
154
Net Cash Flow
—
−19
−6
40
−5
1
Free Cash Flow
—
218
397
249
−81
−242
CFO/EBITDA
—
67
82
106
73
83

Ratios

ACI financial ratios, annual
Particulars Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
—
49
30
43
58
43
Inventory Days
—
—
—
530
—
1,221
Days Payable
—
—
—
416
—
598
Cash Conversion Cycle
—
49
30
157
58
666
Working Capital Days
—
49
41
54
84
11
ROCE %
—
—
45%
25%
13%
7%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Archean Chemical Industries insights

61 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 53.43%
  • DIIs 21.33%
  • Public 11.36%
  • FIIs 10.41%
  • Others 3.48%

22.84% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Archean Chemical Industries

What does Archean Chemical Industries Ltd do?
Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around…
Where is Archean Chemical Industries Ltd (ACI) listed?
Archean Chemical Industries Ltd trades as ACI on the NSE and under code 543657 on the BSE.
Which sector does Archean Chemical Industries Ltd belong to?
Archean Chemical Industries Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the PE ratio of Archean Chemical Industries Ltd?
Archean Chemical Industries Ltd trades at a PE ratio of 54.64 as of 4 Nov 2026, on earnings per share of ₹7.85, against a book value of ₹159.02 per share.
What is the 52-week high and low of Archean Chemical Industries Ltd?
Over the last 52 weeks Archean Chemical Industries Ltd has traded between ₹427.35 and ₹659.6 as of 4 Nov 2026.
Does Archean Chemical Industries Ltd pay dividends?
Archean Chemical Industries Ltd has a dividend yield of 0.57%.
What is the Return on Equity (ROE) of Archean Chemical Industries Ltd?
Archean Chemical Industries Ltd reported a return on equity of 5.42%. Its debt-to-equity ratio is 0.24.

Company Information

Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.

Website archeanchemicals.com
CEO Mr. Ranjit Pendurthi
Employees 262
Listed 21 Nov 2022
Face Value ₹2

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