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A leading chemical manufacturer, renowned for its speciality carbon products, has revealed plans to expand its portfolio by establishing its first acetylene black plant in India’s through a groundbreaking technology transfer agreement with a Chinese partner.
Share Price Movement
The share price of PCBL Chemical Ltd (NSE:PCBL) went up 3.15 percent to Rs. 377.70 per share on Monday, an increase from its previous close of Rs. 366.15 per share. The market capitalisation now stands at approximately Rs. 13,922 crore as of February 17, 2025.
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Recent Update
PCBL Chemicals Ltd is expanding its speciality portfolio by establishing its first acetylene black plant in India through a technology transfer agreement with Ningxia Jinhua, a Chinese company.
This move will help meet the growing demand in India’s battery industry and support exports to global markets for batteries, semiconductors, and conductive materials. Acetylene black is primarily used in power cables, lithium-ion batteries, EV charging, and semiconductors.
Business Outlook
PCBL has significantly expanded its speciality portfolio in recent years, launching over 50 grades under its Bleumina, Nutone, and Energia brands for various applications in engineered plastics, inks, paints, coatings, and conductive materials. The addition of acetylene black strengthens its position in the fast-growing conductive segment.
PCBL has also established a joint venture, Nanovace Technologies Ltd., to develop nanosilicon products for Li-Ion battery anodes, with a pilot plant set to open soon. This move aligns with PCBL’s strategy to capitalise on global trends like energy transition, grid renewal, auto electrification, and semiconductor growth.
The acetylene black market, currently at 60,000 MT, is expected to grow at 19-20 percent CAGR, reaching 150,000 MT by 2030, offering significant growth potential. With this technology acquisition, PCBL now has a diverse range of conductive material platforms, enhancing its value, product mix, and margin profile, as it aims to become a major player in the sector and a tech-driven, innovation-led organisation.
Q3 Financial Highlights
In Q3FY25, the company’s revenue was Rs. 2,010 crore, showing a 21.3% growth YoY from Rs. 1,657 crore in Q3FY24, but a 7.1% decline QoQ from Rs. 2,163 crore in Q2FY25. Profit in Q3FY25 stood at Rs. 93 crore, reflecting a 37.2% decrease YoY from Rs. 148 crore in Q3FY24 and a 24.4% decline QoQ from Rs. 123 crore in Q2FY25.
Competitors
PCBL Chemical’s competitors include Neogen Chemicals, Gujarat Fluorochemicals (NSE:GUJL), Himadri Speciality Chemical, Goa Carbon (NSE:GOAC), and Rain Industries (NSE:RAID). These companies are closely matched in the chemicals sector, with varying price levels and market capitalisations.
PCBL Chemical is currently trading at a P/E of 31, which is above the industry P/E of 28.29.
Market Outlook
India’s speciality chemicals industry is on track for significant growth, driven by rising demand from sectors like food processing, personal care, and home care. With exports of organic and inorganic chemicals reaching US$ 14.09 billion in mid-2024, the sector is set to benefit from global shifts away from China. By 2040, India’s chemicals market is projected to hit US $1 trillion, supported by substantial investments and government initiatives. The industry’s potential remains strong, offering numerous opportunities for expansion and job creation.
Written By Fazal Ul Vahab C H
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The post PCBL Chemical in focus after signing technology transfer agreement with Chinese firm appeared first on Trade Brains.
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