Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Q2 FY26 Earnings Presentation
38 slides from Bodal Chemicals's earnings presentation, Nov 12, 2025
Slide 1: Exchange submission letter for investor presentation
By Online Submission Sec/25-26/72 Date:12-11-2025 To, To, The General Manager, The General Manager, BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Tower, Plot no. C/1, G Block, Dalal Street, Fort Bandra-Kurla Complex Mumbai- 400 001
Slide 2: Bodal Chemicals Limited Investor Presentation - November 2025
Bodal Chemicals Limited Investor Presentation-November 2025
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bodal Chemicals Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Q2 & H1FY26 Highlights
Q2 & H1FY26 Highlights
Slide 5: Business Highlights
Business Highlights Rs 9,586 mn Rs. 946 mn Rs. 155 Mn H1FY26 Revenue EBITDA PAT • During the H1FY26, Company achieved total revenue of Rs 9,586 mn, growth by 12% on YoY basis. This growth is led by sales from Basic Chemicals and additional sales form Benzene downstream products. The absolute EBITDA
Slide 6: Performance Highlights
Performance Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 8.7% 8.6% Q2FY25 (0.1%) 1.2% Margin 5,004 60 Q2 FY26 4,337 429 Performance 377 -2 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 8.7% 9.9% (0.2%) 1.6% 946 9,586 H1FY26 747 155 Performance 8,581 -14 H1FY25 H1FY26 H1FY25 H1FY26 H
Slide 7: Geographic Breakup
Performance Highlights H1 FY25 H1 FY26 Revenue Rs 8,352 mn Revenue Rs 9,166 mn 6% 5% 9% 8% Basic Chemicals Dyestuff 19% 18% Revenue Breakup Dye Intermediates 31% Caustic Soda 28% Others 39% 36% Geographic Breakup 78% 74% Domestc 26% 22% Export * On Consolidated basis –Sales of products excluding oth
Slide 8: Production Volume
Performance Highlights (Rs in mn) Basic Chemicals Dyestuff Dye Intermediates Chlor Alkali^ Revenue Breakup 2,586 2,538 3,275 3,336 776 1,550 1,682 441 1,717 1,834 331 1,237 1,322 770 841 234 Q2’25 Q2’26 H1’25 H1’26 Q2’25 Q2’26 H1’25 H1’26 Q2’25 Q2’26 H1’25 H1’26 Q2’25 Q2’26 H1’25 H1’26 *Revenue brea
Slide 9: Subsidiaries Performance
Subsidiaries Performance (Rs in mn) BCTPL Sen-er Boya BCL China BCL Indonesia NA 13% -42% -1% Revenue 28 76 70 67 20 20 40 0 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Particulars BCTPL Sener Boya Bodal-China Bodal-Indonesia (Rs in mn) Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. In Mn) Q2 FY26 Q2 FY25 Y-o-Y% H1 FY26 H1 FY25 Y-o-Y% Revenue from Operation 4,804.5 4,321.2 9,346.6 8,540.9 Other Income 199.3 15.8 239.8 40.5 Total Revenue 5,003.8 4,337.1 15.4% 9,586.3 8,581.3 11.7% Raw Material Consumed 2,741.2 2,281.7 5,116.5
Slide 11: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. In Mn) Q2 FY26 Q2 FY25 Y-o-Y% H1 FY26 H1 FY25 Y-o-Y% Revenue from Operation 4,719.6 4,262.1 9,168.0 8,464.1 Other Income 198.8 13.3 221.3 25.3 Total Revenue 4,918.4 4,275.4 15.0% 9,389.3 8,489.4 10.6% Raw Material Consumed 2,692.4 2,256.5 4,992.1 4
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In Mn) Sep-25 Mar-25 Particulars (In Mn) Sep-25 Mar-25 ASSETS Equity & Liabilities Non-current assets 14,403.5 14,549.5 Equity 11,219.4 11,048.5 Property, Plant and Equipment 12,580.6 12,841.6 Right of use of assets 79.6 46.8 Equity Share capital 251.9 251.9 C
Slide 13: Company Overview
\ \ tH, Company Overview _
Slide 14: A Leading Chemical Manufacturer
A Leading Chemical Manufacturer 3 8 Rs.17,567 mn Operating Decade Old Organization FY25 Consolidated Revenue Manufacturing Facilities 7% 5% Basic Chemicals 20% Dyestuff 29% Dye Intermediates 70+ 10 Chlor Alkali Distributors Across India 6 Domestic + 4 Overseas Depots Others 39% Domestc 200+ 600+ 75%
Slide 15: Company Evolution
Company Evolution 1989 1993 - 1994 1997-2004 2006-2010 Incorporated as JK Acquired Unit II & Unit III 1997-Acquired two Units 2006-Listed on BSE via reverse merger Pharma at Unit II-A Name changed to Bodal 2004 -Acquired Unit I & with Dintex Dye Chem (Unit I) Chemicals Pvt. Ltd. Forward
Slide 16: Geographical Footprint
Geographical Footprint ~25% of Total revenue comes from exports 30+ Countries Global Presence North America Europe Rest of Asia Revenue Breakup India Domestic Export 100% 100% 100% 100% 100% South America 67 68 69 71 75 33 32 31 29 25 FY21 FY22 FY23 FY24 FY25 Note : Maps not to scale. All data , inf
Slide 17: Longstanding Clientele
Longstanding Clientele Dyestuffs Chlor Alkali Basic Chemicals Dye Intermediates 70+ 600+ Distributors Across India Customers 16
Slide 18: Experienced Board & Management Team
Experienced Board & Management Team Mr. Suresh J. Patel Mr. Bhavin S. Patel Mr. Ankit S. Patel Mr. Mayur Padhya Chairman & MD Executive Director Executive Director Chief Financial Officer Experience : 35+ years Experience : 20+ years Experience : 15+ years Experience: 28+ Years Background : Backgrou
Slide 19: Awards & Certifications
Awards & Certifications Awards Certificates 2005-06 Received the prestigious Chemexcil Gold Award for 2017-18 outstanding performance in Exports by Merchant BCL has ISO 9001:2015 and ISO 14001:2015 certifications Second in Large scale unit category for Excellent performance in Export of Export
Slide 20: Product Overview
Product Overview
Slide 21: Diversified Product Portfolio
Diversified Product Portfolio Existing Products New Products Additions Basic Chemicals Dye Intermediates Dyestuffs Chlor Alkali Benzene Derivative Sulphuric Acid Vinyl Sulphone & Reactive Dyes Caustic soda MCB Chlorosulphonic Acid Derivatives DCB Acid Dyes Chlorine Sulphur Trioxi
Slide 22: Manufacturing Value Chain
Manufacturing Value Chain Input Materials Basic Chemicals Dye Intermediates Dyestuffs TCCA End Use Industry Water Vinyl Sulphone + Derivatives Reactive Dyes Textiles Para Nitro Aniline Ice H Acid Beta Naphthol Steam DASA Sulphuric Acid Power Acid Dyes Leather FC Acid Sulphur Chloro Sulphonic Acid Ol
Slide 23: Manufacturing Facilities
Manufacturing Facilities Total 8 10 Depots In-house R&D Lab Total Employees Manufacturing Facilities * (Exclusive Distribution Warehouse) 1- Ahmedabad , Gujarat 2 - Vadodara, Gujarat Domestic 2,200+ 6 - India 3 - Vadodara, Gujarat Contract Labours ~1,500 1 - China 1 - Khambhat, Gujar
Slide 24: Our Major Subsidiaries
Our Major Subsidiaries (Rs in mn) Company FY 25 Location Stake Details Name Revenue Bodal Chemicals Trading Trading and Marketing subsidiary Private Limited Gujarat, India 100% RS. 63 mn Bodal Chemicals Trading Shijiazhuang Limited Trading & Marketing subsidiary for China and adjacent China 100% Rs.
Slide 25: Our Key Strengths
Our Key Strengths 3 Decades of Presence Home grown player with deep understanding of Indian & Integrated Business Model global chemicals market Integrated business model leading to cost competitiveness and protection against commodity cycles In house R&D Facilities Well- equipped production fa
Slide 26: India's Edge in the Global Chemicals Market
India’s Edge in the Global Chemicals Market Industry Megatrends Structural Shift China +1 Unorganized players in the Dye Intermediates India is emerging as the next alternative and Dyestuffs Industry have been declining supplier for the global market Compliance Policy Changes in China Bodal’s Edge C
Slide 27: Next Level of Growth
tH, Next Level of Growth
Slide 28: Way Forward
Way Forward Lower cost of production Capacity rampup Economies of scale New client penetration Long term relationship with customers Ongoing internal efficiencies Superior quality Our Edge Rigorous integration 3+ decades of experience New greenfield expansion Diverse client base Higher focus on B2C
Slide 29: Responsible Corporate
H. Responsible Corporate
Slide 30: Environmentally Compliant
Environmentally Compliant Common Treated Effluent Operating Zero Discharge Effluent Spray Effluent Effluent Multiple Effect Solid Waste Discharge Access plants Location Site (Solid+ Dryer Plant Treatment Plant Treatment Plant, Evaporator Incinerator Plant VECL Cala Liquid+Air) (ESDP) (at GIDC) (MEEP
Slide 31: Pollution Control Systems
Pollution Control Systems Treats low load waste water Clarification Compliant with GPCB, CPCB norms Bio- degradation by AIS Effluent Treatment Plant (ETP) Capacity 500,000 liters / day Tertiary Poly system Chemical oxidation Online monitoring system Flocculation Installed world’s
Slide 32: Responding To Critical Issue
Responding To Critical Issue High costs involved in complying with environmental regulations Moreover, the rising industrial water and power rates are a concern. Key Challenges Scarcity of water can lead to insufficient supply affecting our production needs. The Chemical Industry is energy and
Slide 33: CSR Activities
CSR Activities Key Focus Areas Eradicating hunger, poverty and malnutrition Promoting healthcare and sanitation including contribution to the Swach Bharat Kosh Promoting education and enhancement of rural infrastructure Ensuring environmental sustainability Providing funds for construction
Slide 34: Financial Highlights
: | Financial Highlights
Slide 35: Financial Highlights
Financial Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 20,724 2,369 17,567 15,859 14,194 1,707 987 12,424 1,450 1,198 1,195 398 380 185 65 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA Margin (%) PAT Margin (%) 11.4 9.6 9.1 9.7 8.4 4.8 3.2 2.4
Slide 36: Key Ratios
Key Ratios Net Debt/ Equity (x) Return on Equity(%) 0.69 0.80 0.79 0.63 0.45 9.4 4.1 3.5 1.7 0.6 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Return on Capital Employed (%) Net Working Capital Days 178.1 164.8 139.2 137.2 125.0 15.0 6.6 6.4 6.8 3.9 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 F
Slide 37: Segmental Performance
Segmental Performance Basic Chemical Dyestuffs Dye Intermediates Chlor Alkali (Rs in mn) Revenue Breakup 1,955 6,995 7,354 1,726 5,412 6,672 3,270 3,345 1,269 4,705 4,984 3,993 4,589 4,910 2,587 2,685 918 3,936 827 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22
Slide 38: Thank You
Thank You Contact Information Bodal Chemicals Ltd. CIN – : L24110GJ1986PLC009003 Mr. Mayur Padhya Chief Financial Officer Email – mayur@bodal.com www.bodal.com