Chemplast Sanmar Management Guidance Tracker

Management expects suspension PVC to break even at the PBT level in February-March 2026, driven by price increases and discount rollbacks.

The earlier target of ₹1,000 crore revenue from CMCD by FY27 is now expected by FY28, delayed by a few quarters due to slower ramp-up of new molecules.

Once all R32 units are operational, the first full year of production is expected to generate around ₹600 crore in revenue.

Management reiterated the medium-term revenue target of ₹1,000 crore for the custom manufactured chemicals business, though delayed by about 12 months due to agrochemical slowdown.

The 2 KTPA swing plant (converted from R22) will be commissioned by end of Q4 FY26, with commercial sales starting thereafter.

Commercial production of R32 refrigerant gas has commenced at the 2 KT swing plant. Expansion to 14,000 metric tons is expected by end of calendar year 2026, with design provisions for further debottlenecking.

Management expects the 7.5% customs duty on PVC, which was temporarily reduced, to be restored by end of June 2026, which would add approximately $70 per ton to realizations.

A committee of three independent directors has been formed to examine strategic priorities, including potential reorganization and M&A opportunities, to enhance long-term stakeholder value.