HINDALCOHINDALCO INDUSTRIES LTD.
Record India margins, Novelis recovery on track; tariff headwind ahead
capex expansion · margin resilience · Novelis recovery
Research Reports
16 Aug 2026
PIDILITINDPIDILITE INDUSTRIES LTD.
Record Margins Mask the Turning Point
margin-peak · volume-moderation · pricing-power
PIDILITINDPIDILITE INDUSTRIES LTD.
Strong quarter masks transient benefits; margins face headwinds
pricing power · margin peak · export headwinds
TATASTEELTATA STEEL LTD.
India's fortress margins; Europe's timing slips bury a strong quarter
India margin leadership · Europe regulatory risk · NINL capex
TATASTEELTATA STEEL LTD.
Strong India, Europe headwinds; NINL bet intact but timing hedged
India margin leadership · Europe regulatory risk · NINL expansion capex
15 Aug 2026
14 Aug 2026
NOVAAGRINova Agritech Ltd
Nova Agritech Q1FY27: consolidated PAT flat YoY at ₹3.25 Cr despite 28% revenue growth
biostimulants · fertiliser license renewal · margin compression
NSLNISPNMDC Steel Ltd
NMDC Steel Q1 PAT up 98% YoY to ₹50.5 Cr on low base as raw-material costs squeeze margin
psu steel · margin compression · raw material costs
AMNPLSTAMINES & PLASTICIZERS LTD.
Amines & Plasticizers Q1 FY27: consolidated PAT up 27% YoY on margin gains, revenue +7%
chemical manufacturing · margin expansion · power cost inflation
SRDShankar Lal Rampal Dye-Chem Ltd
SRD Q1 FY27: PAT more than doubles YoY to ₹9.19 Cr as OPM jumps to 9.4%
dyes and chemicals · margin expansion · inventory buildup
SHIVALIKShivalik Rasayan Ltd
Shivalik Rasayan Q1 FY27: PAT jumps 60% YoY on lower costs, EBITDA margin dips 70bps
agrochemicals · pharma api · margin compression
DPWIRESD.P. Wires Ltd
D.P. Wires Q1 FY27: PAT +32% YoY as margins expand, but down 49% QoQ off Q4 peak
wire manufacturing · margin expansion · cost of materials
JAIBALAJIJAI BALAJI INDUSTRIES LTD.
Jai Balaji Q1 FY27: standalone PAT +21% YoY, revenue +24%, OPM dips to 9.0%
steel · margin compression · standalone results
BMWBMW Industries Ltd
BMW Industries: consolidated PAT +25.7% YoY to ₹19 Cr, revenue growth lags guidance
steel manufacturing · bokaro greenfield · capacity expansion
DSFCLDCM Shriram Fine Chemicals Ltd
DCM Shriram Fine Chemicals: consolidated PAT falls 40% YoY to ₹2.59 Cr, margins compress
specialty chemicals · fine chemicals · margin compression
ANURASAnupam Rasayan India Ltd
Anupam Rasayan Q1FY27: PAT up 5.7% YoY, revenue jumps 35% but margins compress
specialty chemicals · margin compression · finance cost surge
13 Aug 2026
AGARINDAGARWAL INDUSTRIAL CORPORATION LTD.
Agarwal Industrial Q1FY27: consol PAT down 21% YoY as revenue slides 27%
bitumen · infrastructure logistics · revenue decline
MANALIPETCMANALI PETROCHEMICAL LTD.
Manali Petro Q1: consol PAT +349% YoY, but ~97% is an inventory-swing, not steady growth
petrochemicals · propylene glycol · inventory swing
GALAXYSURFGalaxy Surfactants Ltd
Galaxy Surfactants Q1 FY27: Consol PAT doubles YoY to ₹165.9 Cr, OPM jumps to ~14%
surfactants · specialty ingredients · margin expansion
NIKHILADNIKHIL ADHESIVES LTD.-$
Nikhil Adhesives standalone Q1FY27: revenue +51% YoY outpaces PAT +37% as margins compress
adhesives · chemicals manufacturing · margin compression
FOSECOINDFOSECO INDIA LTD.
Consolidated PAT +69% YoY on FCIL boost; margins expand, standalone growth mild
subsidiary consolidation · margin expansion · metallurgical products
GEMAROMAGem Aromatics Ltd
Gem Aromatics swings to consolidated loss as RM costs, Dahej depreciation spike
specialty chemicals · essential oils · margin compression
3BBLACKBIOKILPEST INDIA LTD.
3B BlackBio: consolidated PAT down 29% YoY as new subsidiaries drag margins
molecular diagnostics · margin compression · acquisition integration costs
TIILTECHNOCRAFT INDUSTRIES (INDIA) LTD.
Technocraft Q1 FY27: consolidated PAT +67% YoY to ₹138 Cr on scaffolding margin surge
scaffolding · margin expansion · us infrastructure
PREMEXPLNPREMIER EXPLOSIVES LTD.
Premier Explosives Q1 FY27: consolidated PAT sinks 80% YoY to ₹3.08 Cr, revenue -28%
explosives · defense manufacturing · margin compression
RCFRASHTRIYA CHEMICALS & FERTILIZERS LTD.
RCF Q1FY27: consolidated PAT up 35% YoY to ₹73.5 Cr (~87% adjusted) as chemicals segment surge offsets wider fertiliser loss
psu fertilizer · industrial chemicals · margin expansion
DCWDCW LTD.
DCW Q1 FY27: ₹34 Cr Tax Gain Lifts PAT 203% YoY, but Core Profit Nearly Wiped Out
specialty chemicals · cpvc · margin compression
KIOCLKIOCL Ltd
KIOCL posts Rs15.5 Cr Q1 FY27 loss, reversing Q4 profit; YoY loss narrows 59%
psu miner · iron ore pellets · quarterly loss
SOLARINDSSOLAR INDUSTRIES INDIA LTD.
Solar Industries Q1FY27: PAT up 89% YoY to ₹666 Cr, revenue surges 70%, margins expand
explosives · defense manufacturing · margin expansion
VMSTMTVMS TMT Ltd
VMS TMT Q1 FY27: revenue up 17% YoY but PAT falls 48% as margins compress sharply
tmt bars · steel · margin compression