Chemkart India FY26 PAT Falls 19.9% to ₹1,965.5 Lakh
Chemkart India Limited reported a 5.7% YoY increase in consolidated revenue to ₹21,482.91 lakh for FY26, while Profit After Tax declined by 19.9% to ₹1,965.5 lakh due to global headwinds. The company strengthened its balance sheet with net worth rising to ₹12,972.98 lakh and reduced current borrowings significantly. Management highlighted healthy volume growth and strong order visibility exceeding ₹6,526 lakh, alongside continued progress at its JNPA SEZ manufacturing facility.

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Chemkart India Limited reported its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company posted consolidated revenue from operations of ₹21,482.91 lakh for FY26, an increase of 5.7% compared to ₹20,327.85 lakh in the previous year. Profit after tax on a consolidated basis stood at ₹1,965.5 lakh, a decrease of 19.9% from ₹2,453.3 lakh in FY25. The statutory auditors, M/s Bagaria & Co. LLP, issued an unmodified opinion on the financial results.
Financial Performance
The company delivered a measured performance amid a challenging global operating environment, impacted by supply chain disruptions and pricing corrections. Despite these headwinds, revenue was supported by healthy volume growth of approximately 7.1%. The following table summarises the key financial metrics for FY26 on both a standalone and consolidated basis:
| Metric: | Standalone FY26 (₹ in lakh) | Consolidated FY26 (₹ in lakh) |
|---|---|---|
| Revenue from Operations | 21,259.48 | 21,482.91 |
| Total Revenue | 21,355.74 | 21,549.41 |
| Total Expenses | 18,555.11 | 18,860.64 |
| Profit for the Period | 2,077.22 | 1,965.82 |
| Earnings Per Share (Basic) | 18.24 | 17.26 |
For the half-year ended March 31, 2026, standalone revenue from operations was ₹11,050.78 lakh with a profit after tax of ₹1,010.20 lakh. On a consolidated basis, the half-year revenue was ₹11,160.36 lakh with a profit after tax of ₹950.57 lakh. The consolidated net worth strengthened significantly to ₹12,972.98 lakh as of March 31, 2026, from ₹5,328.22 lakh in the prior year, supported by IPO proceeds and sustained earnings growth.
Balance Sheet and Working Capital
The consolidated total assets stood at ₹15,671.1 lakh as of March 31, 2026, up from ₹8,643.9 lakh in the previous year. The table below presents the key asset and working capital metrics:
| Parameter: | As on 31 Mar 2026 (₹ in lakh) | As on 31 Mar 2025 (₹ in lakh) |
|---|---|---|
| Total Assets | 15,671.1 | 8,643.9 |
| Trade Receivables | 4,997.6 | 4,610.9 |
| Cash & Cash Equivalents | 3,864.5 | 283.1 |
| Inventory | 3,472.6 | 2,249.4 |
| Capital Work-in-Progress | 486.8 | 16.0 |
Cash and cash equivalents increased significantly to ₹3,864.5 lakh from ₹283.1 lakh, bolstered by IPO proceeds. Current borrowings reduced to ₹495.3 lakh from ₹1,692.6 lakh, reinforcing the company's low-leverage position. Capital Work-in-Progress rose to ₹486.8 lakh, reflecting continued progress in the development of the Easy Raw Materials Private Limited (ERMPL) manufacturing facility at JNPA SEZ, Navi Mumbai.
Strategic Outlook
As on March 31, 2026, the company maintained strong business visibility with advance and open orders exceeding ₹6,526 lakh. The company remains focused on research and development, product innovation, and advanced nutraceutical technologies. The ERMPL manufacturing facility at JNPA SEZ is progressing with civil foundation and plinth-level execution activities underway, marking a key milestone in enhancing manufacturing capabilities and improving export competitiveness.
Historical Stock Returns for Chemkart
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.12% | -4.29% | -3.60% | -31.63% | -48.35% | -48.35% |
How will the completion of the ERMPL manufacturing facility at JNPA SEZ impact Chemkart's export revenue mix and EBITDA margins once it becomes operational?
Given the ~₹3,007 lakh in unutilised IPO proceeds earmarked for the new manufacturing facility, what is the expected timeline for full deployment and when could the facility begin contributing to revenues?
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