Chemfab Alkalis Ltd. · NSE:CHEMFAB
Chemfab Alkalis — Q3 FY2026 Earnings Presentation
40 slides from Chemfab Alkalis's earnings presentation, Jan 29, 2026
Slide 1: Cover letter to stock exchanges
REF: CHEMFAB/SEC/2025-26 29th January, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department The Manager, Listing Department Phiroze Jeejeebhoy Towers, “Exchange Plaza” Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai- 400 001. Mumbai - 400 051 BSE – Scri
Slide 2: Investor Presentation Q3FY26 – December 2025
CHEMFAB ALKALIS LIMITED Investor Presentation Q3FY26 – DECEMBER 2025
Slide 3: Disclaimer
Disclaimer This document which has been prepared by Chemfab Alkalis Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe any securities, and shall not form the basis or be relied on in connection with any cont
Slide 4: Quarterly Highlights
01 Quarterly Highlights Q3FY26 – DECEMBER 2025
Slide 5: Management Commentary
QUARTERLY HIGHLIGHTS Management Commentary In Q3FY26, global caustic prices continued to remain soft. ECU volumes through projects beyond the Jal Jeevan Mission across realisation during the quarter improved sequentially from multiple states, building a strong base of non Jal Jeevan Mission ₹36,700
Slide 6: Segmental KPIs
QUARTERLY HIGHLIGHTS Segmental KPI’s Chlor Alkali Segment REVENUE FROM OPERATION EBITDA EBITDA MARGINS ECU Realisations (₹ IN CRORES) (₹ IN CRORES) (IN %) (₹ IN(IN CRORES) ₹/MT) Q3FY26 47.52 Q3FY26 1.77 Q3FY26 3.72% Q3FY26 38500 Q2FY26 43.66 Q2FY26 -1.27 Q2FY26 -2.91% Q2FY26 36700 Q3FY25 44.75 Q3FY2
Slide 7: Summary of Profit & Loss (Chlor Alkali & OPVC)
QUARTERLY HIGHLIGHTS Summary of Profit & Loss (Chlor Alkali & OPVC) (₹ IN CRORES) Q-O-Q Y-O-Y PARTICULARS Q3FY26 Q2FY26 Q3FY25 CHANGE CHANGE REVENUE FROM OPERATION 62.17 70.66 (12.02%) 79.21 (21.51%) OPERATIONAL EBITDA 5.17 8.44 (38.74%) 14.49 (64.32%) OPERATIONAL EBITDA MARGIN % 8.32% 11.94% (363 b
Slide 8: Summary of Profit & Loss – Chlor Alkali Segment
QUARTERLY HIGHLIGHTS Summary of Profit & Loss – Chlor Alkali Segment (₹ IN CRORES) Q-O-Q Y-O-Y PARTICULARS Q3FY26 Q2FY26 Q3FY25 CHANGE CHANGE REVENUE FROM OPERATION 47.52 43.66 8.84% 44.75 6.19% OPERATIONAL EBITDA 1.77 (1.27) (239.37%) 1.84 (3.80%) OPERATIONAL EBITDA MARGIN % 3.72% (2.91%) 663 bps 4
Slide 9: Summary of Profit & Loss – OPVC Segment
QUARTERLY HIGHLIGHTS Summary of Profit & Loss – OPVC Segment (₹ IN CRORES) Q-O-Q Y-O-Y PARTICULARS Q3FY26 Q2FY26 Q3FY25 CHANGE CHANGE REVENUE FROM OPERATION 14.65 27.00 (45.74%) 34.46 (57.49%) OPERATIONAL EBITDA 3.40 9.71 (64.98%) 12.65 (73.12%) OPERATIONAL EBITDA MARGIN % 23.21% 35.96% (1,275 bps)
Slide 10: Company Overview
02 Company Overview Q3FY26 – DECEMBER 2025
Slide 11: Introducing Chemfab Alkalis Limited
INTRODUCTION Introducing As India's first adopter of membrane cell technology in 1985, the Chemfab Alkalis Company has established itself as one of the leading caustic soda manufacturer with 65,700 TPA capacity. Since 2018, the Company strategically expanded into manufacturing Oriented Poly Vinyl Li
Slide 12: Innovation & Sustainability Milestones
INTRODUCTION 2024 2014 2017 • MAJOR OPVC EXPANSION: Innovation & FIRST IN INDIA: ZERO-WASTE INNOVATION: Commissioned Lines 3 & Line 4 increasing • Upgraded to BiTAC® electrolysers, Patented a process to convert product range from 110 mm upto 630 further enhancing production brine sludge into bricks/
Slide 13: Steering Chemfab's Growth and Innovation
INTRODUCTION Steering Chemfab’s Growth and Innovation Mr. Suresh Krishnamurthi Rao Mr. V.M. Srinivasan Mr. Prasath S Chairman CEO CFO Provides strategic leadership and vision, Leads Chemfab's growth journey Ensures financial discipline, backed by decades of industry through a strong focus on long-te
Slide 14: Chlor Alkali Business
03 Chlor Alkali Business Q3FY26 –DECEMBER 2025
Slide 15: Our Chlor Alkali Portfolio
CHLOR ALKALI BUSINESS Our Chlor Alkali Portfolio OUR CHLOR-ALKALI DIVISION AT PUDUCHERRY, MANUFACTURES SIX ESSENTIAL CHEMICAL PRODUCTS POWERING MULTIPLE INDUSTRIES WHILST CONSISTENTLY IMPLEMENTING CUTTING-EDGE GREEN TECHNOLOGIES. Caustic Soda Lye Caustic Soda Flakes Liquid Chlorine K E K E K E • Neu
Slide 16: Our End-to-End Manufacturing Infrastructure
CHLOR ALKALI BUSINESS Our End-to-End Manufacturing Infrastructure OUR PUDUCHERRY FACILITY STANDS AS THE CORNERSTONE OF OUR CHEMICAL BUSINESS WITH 65,700 TPA CAUSTIC SODA CAPACITY. THIS TECHNOLOGICALLY ADVANCED PLANT MAINTAINS INDUSTRY-LEADING UTILISATION RATES WHILE DEMONSTRATING OUR ENVIRONMENTAL C
Slide 17: Our Vertical Integration Strategy
CHLOR ALKALI BUSINESS Our Vertical Strategic Rationale Scale Integration B • Secure high-quality raw material F • Address negative chlorine realisations B • Total salt holdings: 2,370+ acres F • Capacity: 10,000 TPA Strategy • Insulate from • Create value-added • Kanthadu: Aluminium Chloride market
Slide 18: Strategic Upgrades Underway
CHLOR ALKALI BUSINESS Strategic Upgrades Underway OUR STRATEGIC INITIATIVES FOCUS ON ENHANCING OPERATIONAL EFFICIENCY AND REDUCING COSTS IN OUR CAUSTIC SODA BUSINESS THROUGH TARGETED INVESTMENTS IN TECHNOLOGY MODERNISATION AND POWER OPTIMISATION. ASPECT TECHNOLOGY MODERNISATION POWER EFFICIENCY PROJ
Slide 19: Caustic Soda Price Trends
CHLOR ALKALI BUSINESS Average Yearly CCAL ECU Prices vs Caustic Soda Import Prices Caustic Soda (FY 21-FY 25) Price Trends 60,000 59,638 750 700 55,000 650 650 600 50,000 550 45,177 45,000 500 510 39,997 490 450 39,495 40,000 425 400 350 35,000 32,681 300 30,000 275 250 FY21 FY22 FY23 FY24 FY25 CCAL
Slide 20: Historical Segmental Performance – Chlor Alkali
CHLOR ALKALI BUSINESS Historical Segmental Performance Chemical & Related Products Revenue Profit Before Interest and Tax (₹ IN CRORES) (₹ IN CRORES) FY25 190.64 FY25 -5.20 FY24 201.49 FY24 12.09 FY23 292.95 FY23 90.38 FY22 225.75 FY22 42.79 FY21 134.12 FY21 1.35 Capital Employed Return on Capital E
Slide 21: OPVC Pipes Business
04 OPVC PIPES Business Q3FY26 – DECEMBER 2025
Slide 22: Pioneering Advanced Water Infrastructure for a Sustainable India
OPVC PIPES BUSINESS Pioneering IN 2018, CHEMFAB ALKALIS LIMITED (CCAL) STRATEGICALLY DIVERSIFIED Advanced Water INTO THE MANUFACTURING OF ORIENTED POLY VINYL CHLORIDE (OPVC) PIPES, POSITIONING ITSELF AT THE FOREFRONT OF INDIA'S EVOLVING WATER INFRASTRUCTURE LANDSCAPE. OPVC PIPES, A NEW-GENERATION In
Slide 23: OPVC Pipes: The Future of Water Infrastructure
OPVC PIPES BUSINESS OPVC Pipes: The Future of Water Infrastructure ORIENTED POLY VINYL CHLORIDE (OPVC) PIPES REPRESENT A SIGNIFICANT LEAP FORWARD IN WATER INFRASTRUCTURE TECHNOLOGY, OFFERING SUPERIOR PERFORMANCE, COST-EFFECTIVENESS, AND SUSTAINABILITY COMPARED TO TRADITIONAL DUCTILE IRON (DI) PIPES.
Slide 24: OPVC's Journey in Reshaping Indian Infrastructure
OPVC PIPES BUSINESS OPVC's Journey 2017 MILESTONE IMPACT in Reshaping INTRODUCTION of BIS IS First national standard aligning with 16647:2017 for OPVC Pipes ISO 16422, enabling mass production Indian Infrastructure 2018-19 MILESTONE IMPACT Few early manufacturers Industry opens up to a new product O
Slide 25: Increasing Acceptance across the Country
OPVC PIPES BUSINESS Increasing Acceptance across the Country State-wise Year of Acceptance 2017 2018 2019 2021 2022 2023 2024 West Chhattisgarh Bengal Telangana Assam Andhra Tamilnadu Pradesh Maharashtra Goa Karnataka Madhya Kerala Rajasthan Pradesh Pondicherry Other Key Developments OPVC pipes wide
Slide 26: Growth Drivers – Jal Jeevan Mission
OPVC PIPES BUSINESS Growth Drivers – Budgetary Allocation Jal Jeevan Mission 2024-25 ₹22,694 crore allocated 2025-26 ₹67,000 crore allocated (against original allocation ₹70,000 crore) Launch & Objectives Launched Aim 15th August 2019 Provide Functional Household Tap Connections (FHTCs) to every rur
Slide 27: Growth Drivers - Jal Jeevan Mission
OPVC PIPES BUSINESS Growth Drivers - Jal Jeevan Mission Extension and Future Plans Tap water supply in Households (HHs) India As on 15/08/2019 As on 22/03/2025 • Mission extended till 2028 to cover remaining 20% rural households • Focus on improving infrastructure quality and ensuring operation and
Slide 28: Growth Drivers – AMRUT 2.0
OPVC PIPES BUSINESS Growth Drivers – AMRUT 2.0 Objectives Driving OPVC Pipes Demand AMRUT 2.0 THE ATAL MISSION FOR REJUVENATION AND URBAN Universal Sewerage TRANSFORMATION (AMRUT) 2.0, LAUNCHED ON 1 OCTOBER 2021, Water Coverage and Septage IS A SIGNIFICANT CATALYST FOR OPVC PIPES ADOPTION IN 100% fu
Slide 29: Scale & Capabilities
OPVC PIPES BUSINESS The Backbone of our Scale & Capabilities OPVC Pipes Leadership 4 operational First Indian Highly automated lines (14,000 TPA Manufacturer facility requiring capacity)-India’s producing pipes just 10 permanent Sri City Plant, Andhra Largest upto 630 mm staff per shift on Pradesh (
Slide 30: Our Global Technology Advantage
OPVC PIPES BUSINESS Our Global Technology Advantage CHEMFAB ALKALIS LIMITED LEVERAGES CUTTING-EDGE TECHNOLOGY FROM GLOBAL LEADER MOLECOR TO PRODUCE HIGH-QUALITY OPVC PIPES, POSITIONING ITSELF AT THE FOREFRONT OF INDIA'S WATER INFRASTRUCTURE REVOLUTION. Key Technological Advantage The partnership wit
Slide 31: Capacity Expansion Roadmap in Sri City
OPVC PIPES BUSINESS Capacity Expansion Roadmap in Sri City Q4FY26 Operational Line - 07 Q3FY26 Cumulative Capacity (TPA) – 23,000 Operational Line - 06 Q2FY26 Incremental Capacity Cumulative Capacity (TPA) – 3,000 Operational Line - 05 (TPA) – 20,000 2024-25 Capex Incurred Cumulative Capacity Increm
Slide 32: Unit Economics of CAPEX
OPVC PIPES BUSINESS Unit Economics of CAPEX Unit Economics Strategic Insights of Line Additions Per Line Capacity 2,500-3,000 TPA, depending on size of pipe manufactured Revenue Potential per Line ₹45-50 crore at full utilisation depending on the mix of size of pipe Rapid Scale-Up Capacity at Sri Ci
Slide 33: Historical Segmental Performance – OPVC
OPVC PIPES BUSINESS Historical Segmental Performance OPVC Revenue Profit Before Interest and Tax (₹ IN CRORES) (₹ IN CRORES) FY25 131.45 FY25 31.95 FY24 125.79 FY24 31.47 FY23 38.41 FY23 0.88 FY22 45.84 FY22 -2.59 FY21 46.69 FY21 3.21 Capital Employed Return on Capital Employed (₹ IN CRORES) (IN %)
Slide 34: Financial Highlights
05 Financial Highlights Q3FY26 – DECEMBER 2025
Slide 35: Summary of Standalone - Profit & Loss Statement
FINANCIAL HIGHLIGHTS Summary of Standalone - Profit & Loss Statement (₹ IN CRORES) PARTICULARS FY21 FY22 FY23 FY24 FY25 REVENUE FROM OPERATION 180.81 271.59 331.36 327.29 322.09 OPERATIONAL EBITDA 23.41 56.73 112.20 57.62 53.29 EBITDA MARGIN % 12.94% 20.89% 33.86% 17.61% 16.54% OTHER INCOME 1.38 5.6
Slide 36: Summary of Standalone - Balance Sheet
FINANCIAL HIGHLIGHTS Summary of Standalone - Balance Sheet (₹ IN CRORES) PARTICULARS FY21 FY22 FY23 FY24 FY25 ASSETS NON-CURRENT ASSETS 259.94 259.58 289.17 411.56 472.19 NET BLOCK (EXCLUDING ROU) 197.48 187.32 184.17 174.63 242.25 CAPITAL WORK-IN-PROGRESS 4.58 7.32 13.69 57.20 11.70 CURRENT ASSETS
Slide 37: Summary of Standalone - Cash Flow Statement
FINANCIAL HIGHLIGHTS Summary of Standalone - Cash Flow Statement (₹ IN CRORES) PARTICULARS FY21 FY22 FY23 FY24 FY25 CASH FLOW FROM OPERATING ACTIVITIES 45.55 55.18 96.85 52.09 60.92 CASH FLOW FROM INVESTING ACTIVITIES (6.54) (21.29) (51.87) (130.48) (107.16) CASH FLOW FROM FINANCING ACTIVITIES (15.5
Slide 38: Strategic Way Forward
06 Strategic Way Forward Q3FY26 – DECEMBER 2025
Slide 39: Our Blueprint for Sustained Growth
STRATEGIC WAY FORWARD Our Blueprint for Sustained Growth OPVC Pipes Business Chlor-Alkali Business Optimisation CAPACITY TECHNOLOGICAL MARKET OPERATIONAL EXPANSION IN OPVC EXCELLENCE PENETRATION AND EFFICIENCY PIPES DEMAND VISIBILITY Investing ₹60 crore in • Leveraging strategic • Maintaining low te
Slide 40: Contact Us
CONTACT US CHEMFAB ALKALIS LIMITED TIL ADVISORS PRIVATE LIMITED COMPANY SECRETARY Abhishek Mehra & COMPLIANCE OFFICER INVESTOR RELATIONS TEAM House, GST Salai, CONSULTANT Thank Vandalur, CHENNAI 600048 +91 95588 14500 ccalcosecy@ccal.in abhishek@theinvestmentlab.in You Q3FY26 – DECEMBER 2025