PCBL Limited, formerly Phillips Carbon Black Limited, is a leading carbon black manufacturer established in 1960 and headquartered in Kolkata, India. Part of the RP-Sanjiv Goenka Group, PCBL serves customers across over 50 countries and operates five advanced manufacturing plants in Durgapur, Palej, Mundra, Kochi, and Chennai, with a total production capacity of around 770,000 metric tons per annum. The company produces various grades of carbon black for tyres, rubber goods, plastics, inks, paints, coatings, adhesives, sealants, and batteries. Known for its commitment to sustainability, PCBL was the first carbon black company to earn Carbon Credit under the Kyoto Protocol and generates green power from tail gas during production, reflecting its focus on innovation and environmental responsibility.
Recent News on PCBL Ltd
Recently, PCBL Limited announced its plan to invest ₹3,500 crore over the next five years to venture into the manufacturing of components for electric vehicle (EV) batteries, reflecting its strategic shift toward the growing EV market. Additionally, the company is set to change its name to “PCBL Chemical Limited,” subject to shareholder and regulatory approvals, as part of its broader rebranding and growth strategy. This decision was among several resolutions passed during its 63rd Annual General Meeting (AGM), underscoring PCBL’s commitment to innovation and expansion in the evolving chemical and materials sector.
Shareholding Patters of PCBL Limited
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 51.41% | 51.41% | 51.41% | 51.41% | 51.41% |
| FIIs + | 6.56% | 7.07% | 7.12% | 6.68% | 5.29% |
| DIIs + | 9.05% | 7.78% | 6.25% | 5.61% | 6.41% |
| Government + | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
| Public + | 31.74% | 32.51% | 33.98% | 35.07% | 35.66% |
| No. of Shareholders | 1,73,347 | 1,88,648 | 2,18,524 | 2,41,489 | 2,40,162 |
In recent months, the company’s shareholding structure has experienced some shifts. As of June 2023, promoters consistently held 51.41% of the shares. Foreign Institutional Investors (FIIs) increased their stake from 6.56% to a high of 7.12% by December 2023, but their share fell to 5.29% by June 2024. Domestic Institutional Investors (DIIs) reduced their holdings from 9.05% in June 2023 to 6.41% by June 2024. Government shares remained unchanged at 1.24%. The public’s share has been rising steadily, growing from 31.74% to 35.66% over the same period. Additionally, the number of shareholders has expanded significantly, from 1,73,347 in June 2023 to 2,40,162 in June 2024, indicating increased investor interest.
How to Purchase PCBL Shares in India?
Below are the trading platforms that you can use to purchase PCBL shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
PCBL Share Price Target 2024 – 2030
PCBL Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 517.15 | 449.70 |
| October 2024 | 512.03 | 445.25 |
| November 2024 | 532.52 | 463.06 |
| December 2024 | 537.84 | 467.69 |
PCBL Share is expected to experience notable price fluctuations. In September 2024, the maximum price is projected to be ₹517.15, with a minimum of ₹449.70. Moving into October, the maximum is forecasted to reach ₹512.03, while the minimum may be ₹445.25. November brings a potential peak of ₹532.52 and a minimum of ₹463.06. By December, PCBL Share is anticipated to hit a maximum of ₹537.84, with the minimum price expected to be ₹467.69.
PCBL Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 543.22 | 417.86 |
| February 2025 | 548.71 | 422.08 |
| March 2025 | 560.23 | 430.94 |
| April 2025 | 554.68 | 426.68 |
| May 2025 | 538.53 | 414.25 |
| June 2025 | 562.76 | 432.89 |
| July 2025 | 551.73 | 424.40 |
| August 2025 | 568.79 | 437.53 |
| September 2025 | 575.61 | 442.78 |
| October 2025 | 590.58 | 454.29 |
| November 2025 | 605.34 | 465.65 |
| December 2025 | 632.59 | 486.60 |
In 2025, the PCBL Share is expected to experience notable fluctuations. In January, the share might peak at ₹543.22 and dip to ₹417.86. By December, it could reach a high of ₹632.59 and a low of ₹486.60.
PCBL Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 651.56 | 501.20 |
| February 2026 | 635.27 | 488.67 |
| March 2026 | 647.98 | 498.45 |
| April 2026 | 661.20 | 508.62 |
| May 2026 | 654.66 | 503.58 |
| June 2026 | 671.02 | 516.17 |
| July 2026 | 657.87 | 506.05 |
| August 2026 | 678.21 | 521.70 |
| September 2026 | 691.78 | 532.14 |
| October 2026 | 709.76 | 545.97 |
| November 2026 | 727.51 | 559.62 |
| December 2026 | 745.69 | 573.61 |
PCBL Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 753.15 | 579.35 |
| February 2027 | 772.46 | 594.20 |
| March 2027 | 802.59 | 617.38 |
| April 2027 | 786.85 | 605.27 |
| May 2027 | 763.93 | 587.64 |
| June 2027 | 798.31 | 614.09 |
| July 2027 | 782.66 | 602.04 |
| August 2027 | 806.86 | 620.66 |
| September 2027 | 835.10 | 642.39 |
| October 2027 | 856.82 | 659.09 |
| November 2027 | 878.24 | 675.57 |
| December 2027 | 900.19 | 692.46 |
PCBL Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 918.20 | 706.31 |
| February 2028 | 941.74 | 724.42 |
| March 2028 | 978.47 | 752.67 |
| April 2028 | 959.28 | 737.91 |
| May 2028 | 931.34 | 716.42 |
| June 2028 | 973.25 | 748.66 |
| July 2028 | 954.17 | 733.98 |
| August 2028 | 983.68 | 756.68 |
| September 2028 | 1,018.11 | 783.16 |
| October 2028 | 1,044.58 | 803.52 |
| November 2028 | 1,070.69 | 823.61 |
| December 2028 | 1,097.46 | 844.20 |
PCBL Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,119.41 | 861.08 |
| February 2029 | 1,148.11 | 883.16 |
| March 2029 | 1,192.89 | 917.61 |
| April 2029 | 1,169.50 | 899.61 |
| May 2029 | 1,135.44 | 873.41 |
| June 2029 | 1,186.53 | 912.72 |
| July 2029 | 1,163.27 | 894.82 |
| August 2029 | 1,199.24 | 922.49 |
| September 2029 | 1,241.22 | 954.78 |
| October 2029 | 1,273.49 | 979.61 |
| November 2029 | 1,305.33 | 1,004.10 |
| December 2029 | 1,337.96 | 1,029.20 |
PCBL Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,364.72 | 1,049.78 |
| February 2030 | 1,399.71 | 1,076.70 |
| March 2030 | 1,454.30 | 1,118.69 |
| April 2030 | 1,425.78 | 1,096.76 |
| May 2030 | 1,384.26 | 1,064.81 |
| June 2030 | 1,446.55 | 1,112.73 |
| July 2030 | 1,418.18 | 1,090.91 |
| August 2030 | 1,462.04 | 1,124.65 |
| September 2030 | 1,513.22 | 1,164.01 |
| October 2030 | 1,552.56 | 1,194.28 |
| November 2030 | 1,591.37 | 1,224.13 |
| December 2030 | 1,631.16 | 1,254.74 |
As we step into 2030, the PCBL Share is expected to exhibit notable price movements. In January, it is projected to reach a maximum of ₹1,364.72 and a minimum of ₹1,049.78. By December, the share could climb to a high of ₹1,631.16 and a low of ₹1,254.74.
Financial Condition of PCBL: Last 5 Year
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 3,244 | 2,660 | 4,446 | 5,774 | 6,420 | 7,216 |
| Expenses + | 2,778 | 2,143 | 3,793 | 5,043 | 5,383 | 6,031 |
| Operating Profit | 465 | 517 | 653 | 731 | 1,037 | 1,185 |
| OPM % | 14% | 19% | 15% | 13% | 16% | 16% |
| Other Income + | 28 | 19 | 28 | 41 | 37 | 44 |
| Interest | 46 | 34 | 29 | 53 | 181 | 283 |
| Depreciation | 92 | 110 | 121 | 137 | 217 | 261 |
| Profit before tax | 355 | 392 | 532 | 582 | 676 | 686 |
| Tax % | 19% | 20% | 20% | 24% | 27% | |
| Net Profit + | 288 | 314 | 426 | 442 | 491 | 500 |
| EPS in Rs | 8.31 | 9.1 | 11.29 | 11.7 | 13.01 | 13.25 |
| Dividend Payout % | 42% | 38% | 44% | 47% | 42% |
PCBL Limited’s financial performance over the last five years demonstrates a trajectory of growth and resilience:
- Sales Growth: The company has experienced significant growth in sales, increasing from ₹3,244 crore in March 2020 to ₹6,420 crore by March 2024. This upward trend highlights PCBL’s expanding market reach and robust operational performance.
- Expenses: Expenses also rose from ₹2,778 crore in March 2020 to ₹5,383 crore in March 2024. While this increase reflects higher operational and production costs, it is proportionate to the sales growth.
- Operating Profit: Operating profit surged from ₹465 crore in March 2020 to ₹1,037 crore in March 2024. The Operating Profit Margin (OPM) fluctuated between 13% and 19%, demonstrating improved efficiency and profitability in recent years.
- Other Income: Other income grew moderately from ₹28 crore to ₹37 crore. This additional income has contributed to the company’s overall profitability.
- Interest and Depreciation: Interest expenses significantly increased from ₹46 crore in March 2020 to ₹181 crore in March 2024, reflecting higher borrowings or increased cost of debt. Depreciation also rose from ₹92 crore to ₹217 crore, indicating substantial investments in assets.
- Profit Before Tax: Profit before tax rose from ₹355 crore to ₹676 crore, illustrating strong earnings growth despite rising costs and interest expenses.
- Taxation: The effective tax rate increased from 19% to 27%, impacting the net profit but reflecting a higher tax burden in line with increased earnings.
- Net Profit: Net profit grew from ₹288 crore in March 2020 to ₹491 crore in March 2024, with earnings per share (EPS) improving from ₹8.31 to ₹13.01. This reflects the company’s successful efforts to enhance profitability and shareholder value.
- Dividend Payout: The dividend payout ratio remained relatively stable, with a slight decrease to 42% in March 2024. This consistent payout reflects a balanced approach to returning value to shareholders while investing in growth.
FAQs
What is PCBL’s current market capitalization?
PCBL Ltd currently holds a market capitalization of approximately ₹18,309 crore according to NSE data.
What is PCBL Ltd’s current share price?
As of September 11th, 2024, PCBL Ltd’s shares are trading at ₹489.
What is PCBL Ltd’s share price target for 2025?
PCBL Ltd aims for its share price to range between ₹414.25 to ₹632.59 in 2025.
What is PCBL Ltd’s share price target for 2030?
PCBL Ltd projects its share price to range from ₹1,049.78 to ₹1,631.16 by 2030.
What is PCBL Ltd’s current P/E (Price-to-Earnings) ratio?
PCBL Ltd’s current P/E ratio stands at 36.8.
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Conclusion
In conclusion, PCBL Limited demonstrates a strong financial foundation and a promising future. With substantial sales growth, increased profitability, and strategic investments in EV technology, the company is well-positioned for continued success. The anticipated share price range for 2025 and 2030 reflects a positive market outlook, bolstered by its commitment to innovation and sustainability. Overall, PCBL’s Strong financial performance and forward-thinking strategies make it a compelling investment opportunity.
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