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PCBL Chemical Ltd (PCBL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506590 NSE: PCBL Carbon Black | Small Cap | PCBL Chemical Share Price

₹347.75 2.90 (0.84%)

As on 22-Sep'26 16:59

PCBL Chemical Ltd (PCBL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506590 NSE: PCBL Carbon Black | Small Cap | PCBL Chemical Share Price

₹347.75 2.90 (0.84%)

As on 22-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹13,683 Cr.
Current Price
₹347.8
52-Week Low / High
₹226 / 404
TTM EPS
₹6.6
TTM Sales
₹8,549 Cr.
Book Value per Share
₹105.8
P/E Ratio
52.87
Higher than its 5-year historical median
Industry PE
45.5
Price to Book (P/B)
3.29
Higher than its 5-year historical median
Price to Sales (P/S)
1.60
Lower than its 5-year historical median
EV/EBITDA
15.75
Higher than its 5-year historical median
Dividend Yield
1.73%
Profitability Efficiency
Return on Equity (ROE)
5.22%
Underperforms industry median
Return on Capital Employed (ROCE)
7.64%
Underperforms industry median
Return on Assets (ROA)
1.45%
Operating Profit Margin
11.8%
Net Profit Margin
2.42%
Gross Profit Margin
8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-5.56%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-24.63%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-54.44%
Asset Quality
Promoter Holding
53.38%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,122 Cr.
Equity
₹39.4 Cr.
Face Value
₹1
All Time Low / High
₹0.56 / 584.50

PCBL Chemical stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is PCBL Chemical Ltd a good quality company?
PCBL Chemical Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does PCBL Chemical Ltd performance compare with that of its Peers?
Q.1 Revenue growth of PCBL Chemical Ltd vs industry peers?
PCBL Chemical Ltd revenue CAGR is 25.22%, compared to the industry median CAGR of 18.61%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of PCBL Chemical Ltd?
Promoters hold 53.38% of the PCBL Chemical Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of PCBL Chemical Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PCBL Chemical Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11%17.4%25.4%16.7%17.5%19.3%18.8%17.5%13.4%8.5%-
Value Creation
Index
-0.20.20.80.20.30.40.30.30.0-0.4-

Growth Parameters

Sales 1,9272,5583,5293,2442,6604,4465,8745,6745,9055,5765,777
Sales YoY Gr.-32.8%38%-8.1%-18%67.2%32.1%-3.4%4.1%-5.6%-
Adj EPS 1.8711.28.28.910.911.513.211.15.36.4
YoY Gr.-280.9%61.1%-26.8%8.8%22%5%15.1%-16.2%-51.9%-
BVPS (₹) 32.739.847.849.155.96974.786.996.2103105.7
Adj Net
Profit
63240387283308412433498417209250
Cash Flow from Ops. 3472612905343853217229725651,053-
Debt/CF from Ops. 2.22.82.71.21.62.1135.82.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.5%16%-1.7%-5.6%
Adj EPS 12.6%-9.9%-22.6%-51.9%
BVPS13.6%13%11.3%7%
Share Price 29.5% 22.3% 28.8% -11.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
5.819.225.6171718.21616.311.95.46.1
Op. Profit
Mgn %
12.915.517.614.219.31412.316.416.31212.6
Net Profit
Mgn %
3.39.4118.711.69.37.48.87.13.84.3
Debt to
Equity
0.70.50.50.40.30.30.30.90.90.6-
Working Cap
Days
15914614217322317214917019019559
Cash Conv.
Cycle
39364252554636182129-10

Valuation of PCBL Chemical - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,9272,5583,5293,2442,6604,4465,7746,4208,4048,189
Operating Expenses + 1,6882,1882,9142,7842,1533,8255,0595,4317,1217,222
Manufacturing Costs127164190155156187188257369399
Material Costs1,2371,6702,2972,1901,6093,1344,3524,4565,7605,665
Employee Cost 8297111135132159190250413463
Other Costs 242256317305256346329467579695
Operating Profit 2393706144595066217159891,283967
Operating Profit Margin (%) 12.4%14.5%17.4%14.2%19.0%14.0%12.4%15.4%15.3%11.8%
Other Income + 3835223430605786101114
Exceptional Items 00000000-1-25
Interest 51413746342953181461423
Depreciation 61616692110121137217346373
Profit Before Tax 165304533355392532582676577261
Tax 9674150677810513918514263
Profit After Tax 69230383288314426442491435198
PAT Margin (%) 3.6%9.0%10.8%8.9%11.8%9.6%7.7%7.7%5.2%2.4%
Adjusted EPS (₹)2.06.611.18.39.111.311.713.011.55.0
Dividend Payout Ratio (%)29.90%18.10%15.70%42.10%38.50%44.30%47%42.30%47.80%119.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,1311,3781,6501,6991,9352,6142,8303,2473,5854,006
Share Capital 34343434343838383839
Reserves 1,0961,3431,6151,6651,9012,5762,7923,2093,5483,967
Debt +7386877265455625958274,2824,8054,258
Long Term Debt1901642742153052204073,7773,6473,197
Short Term Debt5485234523302573754205061,1581,061
Minority Interest676788941213
Trade Payables4164025084195929119561,8021,5951,447
Others Liabilities 4536308581,0586301,2502,0453,6493,7593,759
Total Liabilities 2,7443,1033,7473,7283,7265,3796,66812,98413,75613,483

Fixed Assets

Net Fixed Assets +1,3831,3951,4961,6351,7381,9301,9636,8886,5907,123
Gross Block1,5061,5751,7421,9732,1852,4962,6667,8088,4039,321
Accumulated Depreciation1231802463384485677039201,8132,198
CWIP 80671753062671751,130433732583
Investments 291316362155196588234433516464
Inventories2443104603264456045719991,2681,024
Trade Receivables4665226535887091,1051,1111,7101,7941,395
Cash Equivalents 2517311515226415996385389288
Others Assets 2563224865651078181,5632,1352,4672,606
Total Assets 2,7443,1033,7473,7283,7265,3796,66812,98413,75613,483
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 3462932905323852905041,1057601,576
PBT 165304533355392532582676577261
Adjustment 106166106123121127161353769853
Changes in Working Capital 109-109-221121-62-264-73292-408529
Tax Paid -34-68-128-66-66-104-166-216-178-67
Cash Flow From Investing Activity + -36-34-278-107-203-541-552-4,214-690-675
Capex -41-94-232-231-114-306-896-533-764-725
Net Investments 157-52115-98-249332135533
Others 4369101512-3,6941917
Cash Flow From Financing Activity + -337-110-70-389-180217-313,381-64-990
Net Proceeds from Shares 000003900000
Net Proceeds from Borrowing -107-15143-6879-412143,780-95-465
Interest Paid -50-31-47-31-36-33-53-165-475-444
Dividend Paid -41-29-113-145-121-189-208-208-208-226
Others -139-34-53-145-1028916-26714146
Net Cash Flow -27148-58363-34-782726-89
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.3118.3125.2817.1717.2818.7416.2416.1612.725.22
ROCE (%)10.9317.3225.1116.8417.5319.217.9614.4812.117.64
Asset Turnover Ratio0.780.891.030.870.710.980.960.650.630.6
PAT to CFO Conversion(x)5.011.270.761.851.230.681.142.251.757.96
Working Capital Days
Receivable Days77.406960.8069.808974.407080.2076.1071.10
Inventory Days41.8038.7039.8044.3052.9043.1037.2044.7049.2051.10
Payable Days101.5089.4072.3077.30114.6087.5078.30113107.6098

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PCBL Chemical Ltd FAQs

The current trading price of PCBL Chemical on 22-Sep-2026 16:59 is ₹347.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Sep-2026 the market cap of PCBL Chemical stood at ₹13,682.7 Cr

The latest P/E ratio of PCBL Chemical as of 21-Sep-2026 is 54.74.

The latest P/B ratio of PCBL Chemical as of 21-Sep-2026 is 3.29.

The 52-week high of PCBL Chemical is ₹403.6 and the 52-week low is ₹226.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PCBL Chemical is ₹5,777 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that PCBL Chemical Ltd is a good quality company.

The key valuation ratios of PCBL Chemical Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of PCBL Chemical Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About PCBL Chemical Ltd

PCBL Chemical (PCBL) is a global multi-chemistry platform delivering performance-oriented, sustainable solutions across industries. A part of the RP-Sanjiv Goenka Group, the company is uniquely positioned at the intersection of scale, science, and sustainability. It has built deep capabilities across carbon black, specialty blacks, and performance chemicals, and is now rapidly expanding into green chemistries and next-generation materials. PCBL has evolved into a science-led enterprise driven by innovation, precision manufacturing, and a sharp focus on global relevance.

During the year ended March 31, 2025, the company has changed its name from 'PCBL Limited' to 'PCBL Chemical Limited' pursuant to issuance of fresh Certificate of Incorporation dated 6 November, 2024 by the Ministry of Corporate Affairs.

Business area of the company

PCBL Chemical is primarily engaged in the business of manufacturing & sale of carbon black and sale of power.

Products

  • Carbon Black: It offers a broad and performance-oriented carbon black portfolio designed to serve diverse industry needs.
  • Specialty Chemicals: Its specialty chemical portfolio is designed to meet the complex and evolving needs of a wide spectrum of industries.
  • Phosphonates: As part of its expanded specialty chemicals portfolio, Aquapharm’s phosphonates, marketed under the AQUACID brand, are widely recognized for their multifunctional performance and high chemical stability.
  • Nano-silicon: As the demand for high-performance energy storage accelerates, its entry into nano-siliconbased materials marks a significant expansion into next-generation battery technologies.

Awards and recognitions

2019-20

  • Business Leader of the Year Award to Kaushik Roy, Managing Director, PCBL, by The Economic Times.
  • Corporate Governance Rating of CGR2+, reflecting best practices of corporate governance Awarded Silver Medal for CSR activities by EcoVadis.
  • Received D – for climate change in the CDP Supplier Engagement Project in 2019.

2020-21

  • Facilitation of safety culture through DMT’s by reporting Learning Events (LE), Unsafe Act (UA), Unsafe Condition (UC) & Near Miss (NM).
  • Implementation of WCM tools & concepts like Autonomous Maintenance, OPL, RCA, FIP to enhance process improvement.

2021-22

  • Gold award at the CCQC Durgapur Chapter - 2021.
  • Par Excellence Award at the NCQC 2021.
  • Received 4.75-star rating out of 5-star from CII in the Energy Conservation Awards (ENCON-2021).
  • Winner under QIP category in CEAT’s QBM Excellence League for Supplier Partners.
  • 2nd Runner-Up in JK Tyres supplier sustainability competition 2021.
  • Certificate of recognition at the JK Tyres Kaizen competition 2021.
  • 1st Runner-Up (second position) at the CII 34th National QC Competition - 2022.
  • Certificate of Appreciation at the 34th West Bengal QC Awards by CII.
  • Certificate of Appreciation at the ICC Environmental Excellence Awards - 2021.

2022-23

  • Outstanding Performance for Quality by CEAT at the WeConnect Virtual Conference.
  • Outstanding Performance in Digital Initiatives by CEAT at the WeConnect Virtual Conference.
  • PCBL’s Kochi Unit received sreshta Suraksha puraskar from National Safety Council, Kerala Chapter for Outstanding Safety Performance in the year 2022.
  • First Runner Up Award at the 34th CII National Level Quality Circle Competition 2022 was awarded to team PCBL Durgapur.
  • Team PCBL Durgapur was awarded gold by QCFI.
  • PCBL has been awarded the Export Excellence Award by Chemexcil.
  • Awarded Champions at the Confederation of Indian Industry National Lean Competition 2022 to PCBL Durgapur.
  • Team from PCBL Mundra was awarded gold by QCFI.
  • PCBL received Export Merit Award from AIRIA.

2023-24

  • PCBL awarded Gold for BRSR at ICAI Sustainability Reporting Awards.
  • PCBL, Durgapur has been awarded with 5 star rating along with a runner -up trophy in general category in the CII Energy Conservation (Encon) Competition, 2023.
  • Outstanding performance delivery (Domestic) for FY 23-24 by CEAT Limited.
  • Recognition for being best performer- self certification 2024 by J K Tyre.

2024-25

  • Received the Performance Award at the CII Energy Conclave 2024 for achieving a 4.75 out of 5-star rating through sustained energy conservation efforts.
  • Secured the 3rd Prize at the 2024 National Seminar in Mumbai on the theme 'Navigating ESG Excellence, Technology Integration, and Policy Harmonization for Future Growth.
  • Received the Performance Award at the 17th CII Energy Conservation Awards (ENCON) 2024 – Eastern Region. The Durgapur unit was recognized for achieving a 4.75-star rating, reflecting strong focus on energy efficiency and sustainable operations.
  • Presented case studies at the Safety Awareness Meet on industrial development and sustainability at SAIL-IISCO, Burnpur in March 2025.
  • Declared national 1st Runners-Up in the HR-IR category at the CII Inter-Industry Kaizen Competition 2025 for showcasing impactful case studies.
  • Received the Best Quality Improvement Project Award from CEAT at the CEAT Vendor Meet 2025 for the APH Operation Improvement Project.

Milestone

  • 1960: Incorporated as a Public Limited Company in collaboration with Phillips Petroleum Company, USA.
  • 1962: Started production with the most widely accepted manufacturing process of carbon black with an installed capacity of 14,000 MTPA at Durgapur on June 5.
  • 1974: Durgapur capacity enhanced to 36,000 MTPA.
  • 1988: Entered into a technical collaboration with Columbian Chemicals Company USA.
  • 1988: Initiated a 4 MW per hour co-generation power plant at Durgapur.
  • 1995: Durgapur plant capacity enhanced to 78,000 MT.
  • 1996: Acquisition of Carbon Black unit of Gujarat Carbon Ltd at Palej, adding 25,000 MTPA.
  • 1998: Durgapur plant capacity increased to 1,10,000 MTPA.
  • 1998: Acquisition of Carbon and Chemicals India Ltd (CACIL), in Kochi and production capacity enhanced to 36,000 MTPA.
  • 1998: Capacity addition of 2.5 MW per hour power plant at Kochi.
  • 2003: Durgapur plant capacity further increased to 1,35,000 MTPA
  • 2004: ISO 14001:1996 (1st edition) certification of PCBL-Kochi.
  • 2004: Expansion of Palej plant capacity by 70,000 MTPA.
  • 2004: Kochi Hard Black Line modernized and capacity enhanced to 40,000 MTPA.
  • 2005: Expansion of power plant at Palej, Bharuch to 12 MW per hour.
  • 2006: Palej plant awarded Carbon Credit (CERs) in May, which is the first unit in the Carbon Black Industry to get the same.
  • 2009: Expansion of power plant at Durgapur to 30 MW per hour, replacing the old power plant of capacity 4 MW per hour.
  • 2009: Expansion of Green field plant capacity at Mundra to 90,000 MT.
  • 2010: Golden Jubilee Year for PCBL
  • 2010: Expansion of co-generation power plant at Mundra, Gujarat to 16 MW per hour.
  • 2010: ISO 9001:2008 (2nd edition) certification of PCBL-Mundra.
  • 2011: Expansion of co-generation power plant at Kochi, Kerala to 10 MW per hour.
  • 2011: New Soft Black Line of capacity 50,000 MTPA initiated at Mundra.
  • 2011: ISO 9001:2008 (2nd edition) certification of PCBL-Palej.
  • 2012: Expansion of co-generation power plant at Mundra, Gujarat to 6 MW per hour.
  • 2012: Capacity addition of 12,000 MTPA Carbon Black plant at Durgapur
  • 2013: New Soft Black Line of capacity 50,000 MTPA commissioned at Kochi.
  • 2013: ISO 14001:2004 (2nd edition) certification of PCBL-Mundra.
  • 2014: OSHAS 18001 certification.
  • 2014: OSHAS 18001:2007 (2nd edition) certification of PCBL-Kochi, PCBL-Mundra & PCBL-Palej.
  • 2015: ISO 14001:2015 (3rd edition) certification of PCBL-Durgapur.
  • 2016: ISO 9001:2015 (3rd edition) certification of PCBL-Durgapur.
  • 2017: ISO 9001:2015 (3rd edition) certification of PCBL-Kochi.
  • 2017: FY’17 witnessed the highest ever quarterly and annual PBT in PCBL’s history.
  • 2017: PCBL-Palej Laboratory accredited with ISO/IEC 17025:2005 (2nd edition).
  • 2018: FY'18 witnessed the highest ever annual EBITDA and PAT (profit after tax) in company's history.
  • 2018: ISO 9001:2015 (3rd edition) certification of PCBL-Mundra & PCBL-Palej.
  • 2018: ISO 14001:2015 (3rd edition) certification of PCBL-Mundra, PCBL-Kochi & PCBL-Palej.
  • 2018: Commissioned the state-of-the-art Sushila Goenka R&D Centre, at PCBL Palej Plant.
  • 2018: Developed customised ASTM carbon black grades for major tyre customers.
  • 2018: Obtained the 'Patent Grant Certificate' for two PCBL invention.
  • 2019: State-of-the-art Sushila Goenka Research and Development Centre at Palej, Gujarat, resulting in the introduction of new value-added products.
  • 2019: Received D- for climate change in the CDP Supplier Engagement Project in 2019.
  • 2019: Environment clearance obtained for carbon black expansion and 8 MW per hour Green Power plant at Palej. Commissioning is expected in FY 2020-21.
  • 2019: Water treatment plant of capacity 1850 KLD with state-of-the-art technology commissioned at Mundra.
  • 2019: Environment clearance obtained for carbon black expansion and 7 MW per hour Green Power plant at Kochi. Commissioning is expected in FY 2021-22.
  • 2019: Produced new customized grades.
  • 2020: Sushila Goenka Innovation Centre at Belgium has since become operational.
  • 2020: Corporate Governance Rating of CGR2+, reflecting best practices of corporate governance.
  • 2020: Transformation from OHSAS 18001:2007 to the corresponding International Standard ISO45001:2018 (1st Edition) for PCBL Mundra.
  • 2020: 'WASH' (Work Place Assessment For Safety & Hygiene) certification linked with COVID-19 for PCBL Kochi, Mundra, Durgapur and Palej units.
  • 2021: Completed capacity expansion at Palej plant by 32,000 MTPA.
  • 2021: Production capacity increased to 6,03,000 MTPA.
  • 2021: 10 MW CPP commissioned at Mundra plant in Gujarat.
  • 2021: Transformation from OHSAS 18001:2007 (2nd edition) to the corresponding International Standard ISO 45001:2018 (1st Edition) for PCBL-Durgapur.
  • 2022: Changed the Company Name from Phillips Carbon Black Limited to PCBL Limited & Launched the New Brand Identity.
  • 2022: Commissioning of additional 7 MW Co-gen Power Plant at Kochi, Kerala.
  • 2023: ISO/IEC 17025:2017 accreditation of Kochi’s Carbon Black Testing Laboratory.
  • 2023: Commissioning of the first phase of Chennai plant with 63,000 MTPA capacity.
  • 2023: Commissioning of the first phase of specialty chemicals expansion at Mundra with 20,000 MTPA capacity.
  • 2023: Co-gen Power capacity of PCBL increased to 110 MW per hour with the commissioning of CPP-1 and CPP-2 at Chennai plant.
  • 2023: ISO 9001:2015 certification of PCBL (TN) Limited.
  • 2024: Co-gen power capacity of PCBL increased to 122 MW per hour.
  • 2024: The expansion at the Chennai plant, with the commissioning of Line 2 and Line 3, has elevated the total capacity to an impressive 1,47,000 MTPA, achieved across three state-of-the-art production lines.
  • 2024: IATF 16949:2016 Certificate in 2024 of PCBL (TN) Limited.
  • 2024: Durgapur Plant, PCBL Chemical Limited has achieved ISCC PLUS certification, supporting Sustainable Development Goals (SDGs).
  • 2024: Changed the Company Name from PCBL Limited to PCBL Chemical Limited.
  • 2025: ISO 14001:2015 & ISO 45001:2018 Certification at PCBL (TN) Limited, Chennai facility.
  • 2025: PCBL-Palej Laboratory is accredited with ISO/IEC 17025:2017.
  • 2025: PCBL – Durgapur received LEED Green Building Rating System Certification.
  • 2025: PCBL – Kochi received LEED Green Building Rating System Certification.
  • 2025: PCBL – Mundra received LEED Green Building Rating System Certification.
  • 2025: PCBL – Chennai received IGBC Green Factory Buildings Rating System Certification.
  • 2025: PCBL-Durgapur Laboratory is accredited with ISO/IEC 17025:2017.
  • 2025: Seven Specialty Carbon Black Grades, produced by Palej facility, are now ZDHC MRSL V3.1 Level 1 Certified.
  • 2025: PCBL-Mundra Laboratory is accredited with ISO/IEC 17025:2017.
  • 2025: PCBL-Chennai Laboratory is accredited with ISO/IEC 17025:2017.
  • 2026: PCBL (TN) Limited, Chennai facility is ‘WASH (Workplace Assessment for Safety & Hygiene)' Certified.
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