Paushak Limited

BSE: 532742 NSE: PAUSHAKLTD
Paushak Limited - chemicals and materials in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN L51909GJ1972PLC044638 Incorporated 06 May 1972 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Listed - NSE: PAUSHAKLTD · BSE: 532742 Public Limited Company chemicals and materials
Data last updated
Market Cap
₹1,531 Cr
PAUSHAKLTD · NSE
Share Price
₹588.20
-5.25% today
Revenue
₹219 Cr
FY 2025-26 · +3.6% YoY
EBITDA
₹60.78 Cr
Margin 27.8%
Net Profit
₹33.36 Cr
FY 2025-26 · -21.8% YoY
P/E (TTM)
32.0x
P/B 2.9x
ROE
7.0%
ROCE 8.2%
Debt / Equity
0.11
Interest cover 2.8x

About Paushak Limited

Data last updated:

Paushak Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Nirayu Limited. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 06 May 1972 and has been in existence for over 54 years.

Its director Chirayu R Amin and family are #338 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51909GJ1972PLC044638. Its GSTIN is 24AAACD5006G1Z9 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 532742 and NSE: PAUSHAKLTD.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹12.33 Cr. It was formerly known as Darshak Ltd. It is led by directors including Abhijit Joshi (Whole-Time Director) and Jain Parkash (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Alembic Road, Vadodara, Gujarat, India – 390003.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹218.6 Cr, a growth of 3.6% compared to the previous year. For the same year it recorded a net profit of ₹33.36 Cr (net margin 15.3%) and EBITDA of ₹60.78 Cr (EBITDA margin 27.8%). The net worth stands at ₹491.12 Cr (up 5.5% YoY). Total assets are valued at ₹573.29 Cr (up 15.7% YoY).

The company has about 376 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Paushak. As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹9 Cr on record. Court records list 73 cases involving the company, including 48 filed by the company and 25 filed against it; 1 case is pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paushak.com.

Company details

CIN L51909GJ1972PLC044638
Registration Number 044638
Incorporation Date 06 May 1972
ROC Ahmedabad
Listing Status Listed - Listed on NSE (PAUSHAKLTD); Listed on BSE (532742)
Company Status Active
Date of Last AGM 30 July 2026
Date of Balance Sheet 31 March 2026
Parent Company Nirayu Limited
Compliance Status Active Compliant

CIN history

Paushak has one previous CIN (Corporate Identification Number): U51909GJ1972PLC044638. The current CIN is L51909GJ1972PLC044638, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L51909GJ1972PLC044638Current
U51909GJ1972PLC044638Previous
Key People
Abhijit Joshi Whole-Time Director Jain Parkash Whole-Time Director Chintan Tarunkumar Gosaliya Whole-Time Director

Recognitions & Rankings of Paushak

Contact details

Paushak Limited's registered office is in Vadodara, Gujarat. Its website is paushak.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    paushak.com
  • Registered Address
    Alembic Road, Vadodara, Gujarat, India – 390003
  • Industry
    Chemicals and Materials, Specialty Chemicals

To see the full contact details of Paushak Limited, buy the company report.

Comprehensive company report
Paushak Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Paushak operates one associated brand: Paushak. Each brand links to its own profile.

BrandDescriptionWebsite
Paushak
Phosgene-based speciality chemicals and intermediates are manufactured for various applications.paushak.com

Business activity

The main business activity of Paushak is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Paushak Limited, buy the company report.

Financials of Paushak Limited

FY 2025-26 filings available

Paushak Limited reported revenue of ₹218.6 Cr (up 3.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹219 Cr
+3.6% YoY
EBITDA
₹60.78 Cr
+1.9% YoY
Profit After Tax
₹33.36 Cr
-21.8% YoY
Net Worth
₹491 Cr
+5.5% YoY
Total Assets
₹573 Cr
+15.7% YoY
Total Debt
₹76.94 Cr
+207.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue219211206212150141138
Revenue growth+3.6%+2.3%-2.9%+41.5%+6.5%+2.2%-
EBITDA60.7859.6564.4975.1954.2350.4742.82
EBITDA margin+27.8%+28.3%+31.3%+35.4%+36.1%+35.8%+31.1%
Profit before tax50.4058.7870.9972.2150.2851.5945.38
Net profit33.3642.6548.1250.3236.4935.8032.18
Net profit margin+15.3%+20.2%+23.3%+23.7%+24.3%+25.4%+23.3%
EPS (₹)15.95160.21176.35175.22122.03121.02113.27
Balance sheet
Total assets573496411355307273228
Net worth491465408354306272227
Total debt76.9425.010.000.000.120.000.00
Cash & bank0.740.621.110.950.450.581.20
Net working capital55.8046.6548.4454.9133.7623.9329.52
Cash flow
Cash from operations53.6537.5956.0342.7143.9929.8041.31
Cash from investing(95.19)(56.96)(50.49)(38.20)(42.35)(28.57)(39.19)
Cash from financing41.5418.75(5.45)(4.05)(1.76)(1.85)(1.85)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue89.3283.5555.1448.8058.7855.8852.3649.26
Revenue growth (YoY)+52.0%+49.5%+5.3%-0.9%+2.6%+7.4%--
Other income2.033.158.210.971.051.880.116.31
Total expenses62.9657.9038.4137.3943.9838.0336.4934.58
EBITDA26.3625.6516.7311.4114.8017.8515.8714.68
EBITDA margin+29.5%+30.7%+30.3%+23.4%+25.2%+31.9%+30.3%+29.8%
Depreciation8.448.427.904.954.474.063.703.76
Interest1.351.361.020.010.040.040.060.03
Profit before tax18.6019.0216.027.4211.3415.6312.2217.20
Tax5.093.923.511.252.733.602.621.94

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue89.3283.5555.1448.8058.7855.8852.3649.26
Revenue growth (YoY)+52.0%+49.5%+5.3%-0.9%+2.6%+7.4%--
Other income2.033.158.210.971.051.880.116.31
Total expenses62.9657.9038.4137.3943.9838.0336.4934.58
EBITDA26.3625.6516.7311.4114.8017.8515.8714.68
EBITDA margin+29.5%+30.7%+30.3%+23.4%+25.2%+31.9%+30.3%+29.8%
Depreciation8.448.427.904.954.474.063.703.76
Interest1.351.361.020.010.040.040.060.03
Profit before tax18.6019.0216.027.4211.3415.6312.2217.20
Tax5.093.923.511.252.733.602.621.94
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue219211206212150141138
Revenue growth+3.6%+2.3%-2.9%+41.5%+6.5%+2.2%-
Other income12.1114.2420.4910.755.146.137.02
Total expenses15815114213795.8790.5395.09
Employee cost39.7635.4830.4826.7721.5319.9921.30
EBITDA60.7859.6564.4975.1954.2350.4742.82
EBITDA margin+27.8%+28.3%+31.3%+35.4%+36.1%+35.8%+31.1%
Depreciation21.3814.9713.8413.429.034.964.38
Interest1.110.140.150.310.060.050.08
Profit before tax50.4058.7870.9972.2150.2851.5945.38
Tax11.099.4016.6418.2212.6614.2910.46
Net profit33.3642.6548.1250.3236.4935.8032.18
Net profit margin+15.3%+20.2%+23.3%+23.7%+24.3%+25.4%+23.3%
EPS (₹)15.95160.21176.35175.22122.03121.02113.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.333.083.083.083.083.083.08
Reserves & surplus479462405351302269224
Shareholders' funds (net worth)491465408354306272227
Secured loans75.0025.000.000.000.000.000.00
Unsecured loans1.940.010.000.000.120.000.00
Total debt76.9425.010.000.000.120.000.00
Total liabilities573496411355307273228
Assets
Gross block46621020619017570.6455.49
Net block37714115214914751.0440.74
Capital work in progress26.1719028.656.597.5967.9815.90
Investments150139223182151154163
Inventories36.6421.6421.7722.7418.9813.7916.25
Sundry debtors54.8654.5250.6852.4839.7332.9226.18
Cash & bank balances0.740.621.110.950.450.581.20
Loans & advances12.0714.290.841.061.493.822.11
Total current assets10491.0774.4077.2360.6551.1145.74
Total current liabilities48.5144.4225.9622.3226.8927.1816.22
Net working capital55.8046.6548.4454.9133.7623.9329.52
Total assets573496411355307273228
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.010.620.520.060.180.800.93
Net cash from operating activities53.6537.5956.0342.7143.9929.8041.31
Net cash from investing activities(95.19)(56.96)(50.49)(38.20)(42.35)(28.57)(39.19)
Net cash from financing activities41.5418.75(5.45)(4.05)(1.76)(1.85)(1.85)
Net change in cash0.00(0.61)0.100.46(0.12)(0.62)0.27
Closing cash0.740.621.110.950.450.581.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.6%+2.3%-2.9%+41.5%+6.5%+2.2%-
EBITDA growth+1.9%-7.5%-14.2%+38.7%+7.5%+17.9%-
PBT growth-14.3%-17.2%-1.7%+43.6%-2.5%+13.7%-7.4%
Net income growth-21.8%-11.4%-4.4%+37.9%+1.9%+11.3%-
Revenue CAGR (3Y)+1.0%+12.0%+13.5%+15.5%+2.5%+10.4%+24.0%
EBITDA CAGR (3Y)-6.9%+3.2%+8.5%+20.6%+10.5%+19.8%+51.6%
Profitability & leverage
Net income margin+18.0%+23.4%+26.4%+25.4%+25.1%+26.5%+25.3%
Return on capital employed+8.2%+11.1%+16.5%+21.9%+17.4%+20.6%+22.4%
Return on net worth+7.0%+9.8%+12.6%+16.4%+13.0%+15.0%+17.3%
Debt / equity0.110.030.000.000.000.000.00
Long-term debt / equity0.090.030.000.000.000.000.00
Interest cover2.820.310.300.500.130.110.21
Efficiency & per share
Fixed asset turnover0.651.011.041.161.222.242.66
Inventory turnover7.509.729.2710.189.169.398.08
Debtors turnover4.004.014.004.614.134.774.70
EPS (₹)15.95160.21176.35175.22122.03121.02113.27
Dividend per share (₹)2.5020.0020.0017.5012.006.006.00
Book value per share (₹)199.181,510.291,324.171,147.57991.41881.43737.30

To see the full year-wise statements and ratios of Paushak Limited, buy the company report.

Board of directors and KMP of Paushak Limited

Paushak Limited currently reports 8 directors and 1 key managerial person. 19 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Tanuj Manubhai Patel
Also directs: Jadeite Properties LLP, TCL Ceramics Limited, Arta Broch Ceramics Private Limited and 2 more
Director02 Aug 20242 Years 2 MonthsCurrent
Udit Chirayu Amin
Also directs: Alembic Limited, Shreno Limited, Viramya Packlight LLP and 2 more
Director18 Aug 200620 Years 2 MonthsCurrent
Roopaben Bharatbhai Patel
Also directs: Voltamp Transformers Limited, Fernway Technologies Limited, Parikamma Investments Pvt Ltd and 1 more
Director15 Sep 20224 Years 1 MonthsCurrent
Sagar Bansikumar Gandhi
Also directs: Alchemy City West Project Management Association, Alchemy City West Club House Management Association
Company Secretary01 Apr 20233 Years 7 MonthsCurrent
Abhijit JoshiWhole-Time Director01 May 201313 Years 6 MonthsCurrent
Tushar Shah ArvindDirector01 Aug 20233 Years 3 MonthsCurrent
Showing 6 of 9 current directors and KMP. View all directors and KMP

Peer comparison

Paushak Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Yellowstone Chemicals Private Limited₹231.77 Cr (FY 2021)385.0%Mumbai, Maharashtra, India
Sanginita Chemicals Limited₹229.94 Cr (FY 2025)51.0%Gujarat, India
Cabot Sanmar Limited₹225.57 Cr (FY 2025)12.0%Tamil Nadu, India
Songwon Specialty Chemicals - India Private Limited₹225.36 Cr (FY 2025)18.0%Ankleshwar, Gujarat, India
Chemcon Speciality Chemicals Limited₹221.69 Cr (FY 2025)-21.0%Vadodara, Gujarat, India
Comfia Industries Private Limited₹221.27 Cr (FY 2025)4.0%Surat, Gujarat, India
Paushak Limitedthis company₹218.6 Cr (FY 2026)₹33.36 Cr15.3%3.6%376Vadodara, Gujarat, India

To see the full peer comparison of Paushak Limited, buy the company report.

Auditor

Paushak Limited is audited by Haribhakti & Co LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Haribhakti & Co LLPFY 2023103523W/W1000048

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 67.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 32.70%.

Promoters: 67.30%DII (Domestic Institutional): 0.10%Retail & Others: 32.70%
Sep 2026
QUARTER
67.30% Promoters
0.10% DII (Domestic Institutional)
32.70% Retail & Others
Promoter holding - history
Now 67.30% · Sep 2026High 67.30% · Dec 2025Low 67.30% · Dec 2025
66%66.8%67.5%68.3%69%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 67.30%Mar 2026: 67.30%Jun 2026: 67.30%Sep 2026: 67.30%67.30%67.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters67.30%67.30%67.30%67.30%
Public32.70%32.70%32.70%32.70%

Charges & borrowings

Open charges
₹100 Cr
Satisfied charges
₹9 Cr
Breakdown by lending institutions
The Hongkong and Shanghai Banking Corporation Limited₹100.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Jul 2025101138514The Hongkong and Shanghai Banking Corporation Limited₹100 CrOpen
01 Jun 200580036514Industrial Development Bank of India Limited₹2 CrSatisfied
01 Jun 200580036515Industrial Development Bank of India Limited₹2 CrSatisfied
01 Jun 200580036516Idbi Bank Limited₹5 CrSatisfied

To see the full charge records of Paushak Limited, buy the company report.

Total charge records: 4 View all charges

Credit ratings & regulatory alerts

Paushak Limited was last rated by Crisil on 17 Feb 2020.

Rating agencyRated onRating
Crisil17 Feb 2020

To see the full credit ratings and regulatory alerts of Paushak Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Paushak Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Paushak Limited has a workforce of 376 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.

Employee count
376
Active EPFO establishments
1
Employee growth
6.52%

GST

Paushak has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACD5006G1Z9GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Paushak Limited, buy the company report.

Recent activity

Paushak Limited has 24 board changes on record since 2005: 9 appointments and 15 cessations. The latest: Jain Parkash was appointed as Whole-Time Director on 01 Apr 2026.

AGM
Paushak Limited last Annual general meeting of members was held on 30 Jul 2026 as per latest MCA records.
Appointed
Jain Parkash was appointed as Whole-Time Director.
Filing
Paushak Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 100.00 Cr with Charge ID 101138514 was registered on 31 Jul 2025.
Appointed
Chintan Tarunkumar Gosaliya was appointed as Whole-Time Director.
Appointed
Tanuj Manubhai Patel was appointed as Director.
Ceased
Amit Mohandas Goradia ceased to be Director.
Appointed
Tushar Shah Arvind was appointed as Director.
Appointed
Sagar Bansikumar Gandhi was appointed as Company Secretary.
Ceased
Manisha Saraf ceased to be Company Secretary.
Appointed
Roopaben Bharatbhai Patel was appointed as Director.
Ceased
Shamita Kiritkumar Amin ceased to be Director.

23 earlier events are in the company report.

News

PAUSHAKLTD: Q2 REVENUE 893M RUPEES VS 588M (YOY)
16 Oct 2026 · Exchange Update
PAUSHAKLTD: Q2 SL NET PROFIT 135M RUPEES VS 86M (YOY)
16 Oct 2026 · Exchange Update
PAUSHAKLTD: Q2 EBITDA 264M RUPEES VS 148M (YOY); Q2 EBITDA MARGIN 29.51% VS 25.18% (YOY)
16 Oct 2026 · Exchange Update

Frequently asked questions

Paushak is an active public limited company based in Vadodara, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 06 May 1972 (54+ years old) and is registered under CIN L51909GJ1972PLC044638. Listed on BSE: 532742 and NSE: PAUSHAKLTD.

Paushak reported revenue of ₹218.6 Cr for FY 2025-26 (up 3.6% YoY) based on standalone financials.

Paushak has 9 current directors and KMP:

The latest financial statements of Paushak on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Paushak is 24AAACD5006G1Z9, registered in Gujarat.

The CIN (Corporate Identification Number) of Paushak is L51909GJ1972PLC044638. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Paushak is a listed company as per MCA records. Its shares are listed on both BSE (code: 532742) and NSE (symbol: PAUSHAKLTD).

Paushak has 73 court cases on record: 48 filed by the company and 25 filed against it. 1 is pending. Most are in the district courts.

Paushak was incorporated on 06 May 1972, making it 54+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Paushak by revenue are Yellowstone Chemicals Private Limited, Sanginita Chemicals Limited, Cabot Sanmar Limited, Songwon Specialty Chemicals - India Private Limited, Chemcon Speciality Chemicals Limited and 1 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Jain Parkash was appointed as Whole-Time Director on 01 Apr 2026. Chintan Tarunkumar Gosaliya was appointed as Whole-Time Director on 02 Apr 2025. Tanuj Manubhai Patel was appointed as Director on 02 Aug 2024. Paushak has 24 board changes on record in total.