Pcbl Limited
PCBL, incorporated in 1960, is engaged in manufacturing and sale of CB, which is mainly used in tyre and other rubber products. The company also produces specialty CB, which are used as pigmenting, UV stabilising and conductive agents in a variety of...
Key Metrics
EPS
13.01
Current ratio
1.07
Debt/Equity
1.60
Debt/EBITDA
4.85
Interest coverage ratio
4.74
Operating Cashflow to total debt
0.21
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Leadership position in the domestic CB segment and diversification in specialty chemicals business
Strong presence in export market
Healthy operating performance
Steady source of revenue from power segment
Strategic location of the plant
Part of strong promoter group
Favourable industry prospects
Liquidity: Strong
Cons
Moderation in capital structure and debt protection metrics
Profitability susceptible to raw material price volatility and foreign exchange fluctuations
Dependence on fortunes of the cyclical tyre industry
Inherent project risk associated with large-size ongoing projects
Threat of CB’s imports
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About Pcbl Limited bond.
This comprehensive profile covers key factual information about Pcbl Limited. PCBL, incorporated in 1960, is engaged in manufacturing and sale of CB, which is mainly used in tyre and other rubber products. The company also produces specialty CB, which are used as pigmenting, UV stabilising and conductive agents in a variety of common and specialty products, including plastics, printing and packaging and coatings. It acquired 100% of the paid-up and issued share capital of ACPL, engaged in the business of manufacturing specialty water treatment solutions like phosphonates, chemicals used in oil and gas sector, and polymers, in FY24. PCBL is the largest producer of CB in the country and one of the largest players in the world, with an installed capacity of 678,000 MTPA of CB and 92,000 MTPA for speciality black. It also has captive power plants (CPP) at all its plant locations (aggregate capacity of 122 MW). The company sells excess power generated after meeting its own requirement. Its plants are located at Durgapur (West Bengal), Mundra (Gujarat), Palej (Gujarat), Kochi (Kerala) and Chennai (Tamil Nadu). PCBL is managed under the stewardship of the Kolkata-based RP–SG group. EPS in Mar-2024 was 13.01. Current ratio in Mar-2024 was 1.07. Debt/Equity in Mar-2024 was 1.60. Debt/EBITDA in Mar-2024 was 4.85. Interest coverage ratio in Mar-2024 was 4.74. Operating Cashflow to total debt in Mar-2024 was 0.21. Total revenue for Mar-2025(E) was ₹5814.67. Net income for Mar-2025(E) stood at ₹532.91. Total assets as of Mar-2024 were ₹11,295.41. Operating cash flow for Mar-2024 was ₹1,105.40. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HSBC Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), Citi Bank (₹N/A Cr), Deutsche Bank (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HSBC Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), Aditya Birla Finance Limited (₹N/A Cr), Bajaj Finance Limited (₹N/A Cr), Citicorp Finance (India) Limited (₹N/A Cr). Peers and comparison entities consist of Pcbl Limited, Solar Industries India Limited, Linde India Limited, Deepak Nitrite Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Leadership position in the domestic CB segment and diversification in specialty chemicals business; Strong presence in export market; Healthy operating performance; Steady source of revenue from power segment; Strategic location of the plant; Part of strong promoter group; Favourable industry prospects; Liquidity: Strong. Key risks include: Moderation in capital structure and debt protection metrics; Profitability susceptible to raw material price volatility and foreign exchange fluctuations; Dependence on fortunes of the cyclical tyre industry; Inherent project risk associated with large-size ongoing projects; Threat of CB’s imports. Leadership team details include Gautam Kalia (Chief - International Markets), Jiten Keluskar (Chief Procurement Officer), K Jairaj (Independent Non-Executive Director), Kaushik Mukherjee (Chief Legal Officer & Company Secretary), Kaushik Roy (Managing Director), Lohit Shringi (Chief - Specialty Blacks), Mainackya Ghosh (Chief - National Markets), Paras K Chowdhary (Independent Non-Executive Director), Pradip Roy (Independent Non-Executive Director), Preeti Goenka (Non Executive Director), R K Agarwal (Independent Non-Executive Director), Raj Kumar Gupta (Chief Financial Officer), Ravi Sinha (Chief - Human Resources), Rusha Mitra (Independent Non-Executive Director), S Ravi (Independent Non-Executive Director), Sanjiv Goenka (Chairman), Shashwat Goenka (Non Executive Director), T C Sussel Kumar (Independent Non-Executive Director), Valerie Smits (Chief - R&D), Vijay Joshi (Chief - Operations). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.