OCCL Ltd

Financials

• Revenue from operations: ₹21,966.94 lakhs; total income: ₹22,160.70 lakhs in Q1 FY27.
• QoQ growth: revenue +47.4%; total income +48.1% vs Q4 FY26.
• Profit before tax: ₹5,382.16 lakhs; profit after tax: ₹4,025.09 lakhs.
• Current tax ₹997.62 lakh; deferred tax ₹359.45 lakh.
• Basic and diluted EPS: ₹806.
• Labour Codes impact recognized in FY26: reversal ₹104.86 lakh; year-end provision ₹205.56 lakh.
• Single-chemicals segment; no reportable segments.
• Board approved unaudited results; Limited Review by auditors.
• YoY growth: revenue +78.5%; total income +79.5%; PBT +193%; PAT +206%; EPS +207%.

Dematerialisation processing and listing

• Securities for dematerialisation during the reporting quarter were processed by the Registrar and Share Transfer Agent.
• Securities dematerialised have been listed on the stock exchanges where existing securities are listed.
• Physical certificates were mutilated and cancelled after verification; the depository was updated as registered owner within prescribed timelines.

Meeting Details

• Board meeting scheduled for Thursday, May 21, 2026.

Key Agenda Items

• Approve audited financial results for quarter and year ended March 31, 2026.
• Consider recommendation of dividend on equity shares, if any.

Other Notes

• Trading window closed from April 1, 2026, and reopens 48 hours after results publication.

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Business Overview

• OCCL Limited produces insoluble sulphur, sulphuric acid, and oleums, serving mainly the global tire industry.
• Manufacturing plants located in Dharuhera (Haryana) and Mundra (Gujarat).
• Holds ~60% domestic and ~10% global market share in insoluble sulphur.
• Products are REACH-compliant, supported by in-house R&D.

Key Operational Highlights

• Insoluble sulphur capacity expanded from 3,000 MT in 2000 to 39,500 MT currently.
• Recent capacity additions total 5,500 MT at Dharuhera and Mundra plants.
• Exports constitute ~55% of sales, primarily to Europe, aided by India-EU and USA trade agreements.
• Anti-dumping duties on imports from Japan and China improved domestic pricing.

Financial Performance 📊

• Q3 FY26 revenue Rs. 115 crore, up 19% YoY; 9M FY26 revenue Rs. 359 crore.
• Q3 FY26 EBITDA Rs. 20 crore (+26% YoY), margin 17.6%; 9M FY26 EBITDA Rs. 67 crore.
• Q3 FY26 PAT Rs. 6.5 crore (+24% YoY), margin 5.7%; 9M FY26 PAT Rs. 28 crore.
• Raw material costs increased 54.5% YoY; finance cost reduced to Rs. 1.2 crore from Rs. 1.9 crore YoY.

Strategic Priorities & Outlook

• Focus on capacity expansion, especially brownfield projects, to meet rising insoluble sulphur demand.
• Target growth in North America and Asia markets, leveraging technology and customer approvals.
• Benefit from automotive sector growth, radialization trends, GST reduction, and trade agreements to boost sales.

Risks & Mitigation ⚠️

• High sulphur raw material prices pressure margins.
• Cost optimization in raw materials, freight, power, and fixed costs underway.
• Anti-dumping duties protect domestic market pricing.

Governance & Leadership

• Promoter & MD: Arvind Goenka, 40 years industry experience.
• Joint MD: Akshat Goenka, Harvard alumnus, leads plant expansions.
• CFO: Anurag Jain, 34 years with company, oversees financial growth.

Senior Management Appointment

• Mr. Rajneesh Dhiman appointed Head – Sales and Marketing, effective February 4, 2026.
• He has over 23 years of experience in chemicals and materials, specializing in Insoluble Sulphur and Carbon Black.
• Previously served as General Manager – Sales & Marketing at the company until June 2025; re-joined in January 2026.
• Prior experience includes roles at Balkrishna Industries Limited, Continental Carbon India Limited, and Arjowiggins India Private Limited.
• No disclosed relationships with other directors or management.
• Appointment complies with regulatory requirements; no SEBI or authority debarments.