Standard Surfactants' Q1 FY27 net profit jumped from ₹0.46 crore to ₹6.30 crore, a 1,278% YoY surge. Revenue nearly doubled to ₹102.38 crore. Behind it: new high-margin capacity and an aggressive CapEx push.
Headquartered in Kanpur and listed on BSE, Standard Surfactants makes LABSA, SLES, and AOS for home, personal care, and agrochemical customers. It also acts as a consignment stockist for Indian Oil. Three plants anchor a pan-India network.
Rania, Mandideep, and Paonta Sahib serve different regions. The company is shifting away from low-margin IOCL trading toward higher-margin manufacturing: reported trading revenue fell from ₹5,825.88 lakhs to ₹115.85 lakhs.
Quarterly net sales rose from ₹53.02 crore in Q1 FY26 to ₹102.38 crore in Q1 FY27, up 91.8%. Annual revenue moved from ₹130.85 crore in FY24 to ₹244.26 crore in FY26.
Operating profit reached ₹14.19 crore in Q1 FY27, lifting operating margin to 13.85%, compared with 2.32% in Q1 FY26 and 6.35% in Q4 FY26. New Mandideep lines for AOS and SLS achieved strong utilization.
Fixed assets jumped from ₹5.81 crore in March 2024 to ₹29.73 crore in March 2025. Borrowings reached about ₹68 crore by March 2026. In April 2026, the company issued 8 lakh convertible warrants at a ₹48 premium.
Q1 FY27 net profit rose from ₹0.46 crore to ₹6.30 crore YoY, a 1,278% jump. EPS moved from ₹0.56 to ₹7.63. Results also carried an estimated ₹3.94 crore exceptional loss tied to the May 2024 fire.
The shift from low-margin trading to high-margin manufacturing is freeing cash. Debtor days improved from 67.9 to 53.4, working capital from 35.3 to 27.1 days, and ROCE recovered to 10.3%.
Borrowings rose from ₹16.68 crore in March 2024 to about ₹68 crore by March 2026, pushing debt-to-equity near 1.90–2.08. Margins also track crude-derived LAB prices, exposing earnings to petrochemical cycle swings.
SSL is a ₹107.64 crore market-cap specialty chemical maker with 62.14% promoter holding and zero pledge. Its next phase depends on capacity utilization, specialty mix, and FMCG penetration. Full article details financials and risks.
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