NSLNISPNMDC Steel Ltd
Volume Momentum Meets Margin Test — FY27 Execution in Focus
iron ore · production volumes · margin expansion
Research Reports
12 Aug 2026
11 Aug 2026
BHARATAGRIBHARAT AGRI FERT & REALTY LTD.
Bharat Agri Fert Q1 FY27: loss widens to ₹1.98 Cr, revenue down 19% YoY, margins compress
fertiliser segment loss · qualified audit opinion · trade receivables provision
MANINDSMAN INDUSTRIES (INDIA) LTD.-$
Man Industries Q1: consolidated PAT doubles YoY to ₹61 Cr as margins expand to 13.6%
steel pipes · line pipes · margin expansion
PIINDPI Industries Ltd
PI Industries: consolidated PAT sinks 39% YoY as revenue falls 10%, margins compress
agrochemicals · revenue decline · margin compression
ALUFLUORALUFLUORIDE LTD.
Alufluoride Q1FY27: consolidated PAT -11.5% YoY, revenue -39% on FSA supply crunch
inorganic chemicals · raw material shortage · margin expansion
VIDYAWIRESVidya Wires Ltd
Vidya Wires Q1 FY27: consolidated PAT ₹17.1 Cr, up 41% YoY on lower finance costs
copper wires · capacity expansion · alcu ramp up
SUNSHIELSUNSHIELD CHEMICALS LTD.
Sunshield Chemicals Q1 FY27: standalone PAT nearly doubles YoY to ₹13.5 Cr on sharp margin expansion
specialty chemicals · margin expansion · pat growth
CAMLINFINECAMLIN FINE SCIENCES LTD.
Camlin Fine Q1FY27: consolidated loss widens to ₹33.6 Cr as EBITDA margin falls to 3.4%
speciality chemicals · vanillin · aroma segment
TNPETROTAMILNADU PETROPRODUCTS LTD.
TN Petroproducts Q1 FY27: consolidated PAT surges 127% YoY to ₹80 Cr as margins expand
petrochemicals · specialty chemicals · capacity expansion
PRAKASHPRAKASH INDUSTRIES LTD.
Prakash Industries Q1FY27: PAT falls 22% YoY to ₹71 Cr on new tax regime, not ops
iron and steel · tax regime change · 80-ia exemption
INSECTICIDINSECTICIDES (INDIA) LTD.
IIL Q1 FY27: consolidated PAT down 24% YoY to ₹43.9 Cr, revenue down 12%, margins dip
agrochemicals · kharif season · yoy decline
SURYAROSNISURYA ROSHNI LTD.
Surya Roshni Q1FY27: consolidated PAT +77% YoY to ₹59.6 Cr on 27.5% revenue growth
steel pipes · lighting durables · margin expansion
KANORICHEMKANORIA CHEMICALS & INDUSTRIES LTD.
Kanoria Chemicals swings to ₹26.4 Cr consolidated profit in Q1 FY27 from year-ago loss
profit turnaround · deconsolidation · margin expansion
ARFINArfin India Ltd
Arfin India consol PAT triples YoY to ₹4.07 Cr on revenue surge; op margin compresses
ferro alloys · metals trading · margin compression
JYOTIRESJYOTI RESINS & ADHESIVES LTD.
Jyoti Resins Q1FY27: PAT falls 32% YoY on margin squeeze despite 17% revenue growth
margin compression · raw material costs · revenue growth
SURYAROSNISURYA ROSHNI LTD.
Export Diversification in Focus as Surya Roshni Reports Q1
ERW pipes · export orders · margin pressure
10 Aug 2026
VALIANTLABValiant Laboratories Ltd
Valiant Labs Q1FY27: consolidated PAT surges ~11x YoY to Rs 21.1 Cr as margins triple
specialty chemicals · subsidiary consolidation · margin expansion
MANAKSTEELManaksia Steels Ltd
Manaksia Steels Q1 FY27: consolidated PAT surges 249% YoY as raw-material spreads widen
steel · cold rolled coil · margin expansion
DDEVPLSTIKDdev Plastiks Industries Ltd
Ddev Plastiks Q1 FY27: PAT +22% YoY, margins compress on new capex finance costs
polymer compounds · capacity expansion · margin compression
PRECWIREPRECISION WIRES INDIA LTD.
Precision Wires Q1 FY27: standalone PAT up 71% YoY to ₹46.5 Cr, but slips 15% QoQ
wire manufacturing · copper wire · capacity expansion
DMCCDMCC Speciality Chemicals Ltd
DMCC Q1 FY27: consolidated revenue nearly doubles YoY, PAT surges 163% to ₹20.4 Cr
speciality chemicals · revenue growth · margin expansion
YASHOYasho Industries Ltd
Record EBITDA margin comes with a supply chain tail risk
margin sustainability · EBITDA peak · capacity ramp
YASHOYasho Industries Ltd
Record margins backed by customer commitments; FY28 guide raised to ₹1,600 Cr
margin expansion · customer commitments · capacity utilization
INDOBORAXINDO BORAX & CHEMICALS LTD.-$
Indo Borax Q1 FY27: consolidated PAT jumps 59% YoY to ₹16.3 Cr, margins expand further
boron chemicals · margin expansion · revenue growth
HINDCOPPERHINDUSTAN COPPER LTD.
Hindustan Copper consolidated PAT jumps 162% YoY to ₹352 Cr as margins expand; -21% QoQ
copper · psu miner · margin expansion
MSAFEMSAFE
MSAFE Q1 FY27: standalone PAT up 44% YoY to ₹7.27 Cr as EBITDA margin expands to ~42%
scaffolding · aluminium formwork · sme ipo
RCFRASHTRIYA CHEMICALS & FERTILIZERS LTD.
Energy Norms Headwind Clouds Fertilizer Giant's Q1 Print
energy norms · urea subsidy · margins
GSFCGUJARAT STATE FERTILIZERS & CHEMICALS LTD.
Sustaining FY26 momentum into summer demand season
fertilizers · GSFC · Q1-FY27