NACL Industries reported a turnaround, posting a net profit of Rs 4.57 crore in FY26 against a loss of Rs 92.13 crore last year. The company also improved its EBITDA and strengthened its balance sheet.
NACL Industries Turns Profitable in FY26
NACL Industries recorded a consolidated profit after tax of ₹4.57 crore for the fiscal year 2025-26, marking a significant turnaround from a loss of ₹92.13 crore in the previous fiscal year. Consolidated revenue grew by 28% to ₹1,584.46 crore.
Reader Takeaway: Profitability restored; balance sheet strengthened, but agrochemical market risks remain.
What just happened
NACL Industries reported a net profit of ₹4.57 crore for FY 2025-26, a stark improvement from the net loss of ₹92.13 crore in FY 2024-25. The company's consolidated revenue increased by 28% year-on-year to ₹1,584.46 crore. EBITDA also swung from a negative ₹54.83 crore to a positive ₹105.63 crore.
Why this matters
This turnaround signifies a stabilization of operations and a stronger financial footing for NACL Industries. The improved profitability and positive EBITDA, coupled with a strengthened balance sheet, are crucial for investor confidence and future growth prospects.
The backstory
NACL Industries, now under the strategic influence of Coromandel International within the Murugappa Group, has focused on operational discipline. The company has been working on improving its business quality and optimizing its product mix.
What changes now
The company has strengthened its balance sheet by reducing total borrowings by approximately 24% to ₹301 crore between March 2025 and March 2026. The debt-equity ratio improved to 0.44 times from 0.93 times. A rights issue of ₹250 crore also aided debt repayment and capital investment.
Risks to watch
The agrochemical sector faces persistent risks including generic molecule price erosion, volatile input costs, and global supply chain disruptions. Management acknowledges that further efforts are needed to improve business quality and optimize the product mix.
Peer comparison
While specific peer data is not provided in the filing, the positive turnaround and balance sheet strengthening are key differentiators for NACL Industries in the competitive agrochemical landscape.
Context metrics (time-bound)
- Consolidated Revenue: ₹1,584.46 crore (FY 2025-26) vs ₹1,234.52 crore (FY 2024-25)
- Consolidated EBITDA: ₹105.63 crore (FY 2025-26) vs -₹54.83 crore (FY 2024-25)
- Consolidated Net Profit: ₹4.57 crore (FY 2025-26) vs -₹92.13 crore (FY 2024-25)
- Debt-Equity Ratio: 0.44 times (FY 2025-26) vs 0.93 times (FY 2024-25)
- Total Borrowings reduced from ₹396 crore to ₹301 crore.
What to track next
Investors should monitor the sustainable margin expansion resulting from synergies with Coromandel International and how NACL Industries navigates pricing pressures in the generic agrochemical market.