PAUSHAK LIMITED (formerly known as Darshak Limited)

BSE: PAUSHAKLTD532742ISIN INE111F01024

Commodities
Specialty Chemicals
BSE Commodities

Share price

₹620.30+11.70 (+1.92%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

3 Oct 2025 · Bonus 3:1
3 Oct 2025 · Split 2:1 (₹10 → ₹5)

52W high: ₹881.00
52W low: ₹343.00
Off 52W high: -29.59%
1M return: -5.82%
3M return: -12.95%
6M return: +18.43%
1Y return: -17.03%
20D avg volume: 15,737
50 DMA: ₹702.48
200 DMA: ₹557.72

Key ratios Standalone

Market cap: ₹1,529 Cr
Current price: ₹620.30
52W high / low: ₹881.00 / ₹343.00
Face value: ₹5.00
P/E: 32.34
P/B: 3.50
EPS (TTM): ₹19.18
Book value / share: ₹177.23
ROE: 10.83%
ROCE: 8.70%
Operating margin: 31.78%
Net margin: 15.13%
Debt / equity: 0.16
Net debt: ₹76.92 Cr
Interest cover: 46.41
Dividend yield: 0.40%
Dividend / share (TTM): ₹2.50
Payout: 13.03%
Cash conversion cycle: 101.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	89.32	83.55	55.14	48.80	58.78	55.88	52.36	49.26	57.31	52.01	53.83	51.81
	2.03	3.15	8.21	0.97	1.05	1.88	0.11	6.31	3.66	4.16	7.13	3.06
	91.35	86.69	63.35	49.77	59.82	57.77	52.47	55.57	60.98	56.17	60.96	54.87
	72.75	67.68	47.33	42.35	48.48	42.14	40.24	38.37	44.08	43.72	38.45	36.51
	28.63	28.99	19.03	11.98	15.37	10.86	11.32	9.76	11.19	11.17	10.90	12.72
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	9.09	9.66	9.26	10.90	9.76	9.84	9.23	9.32	8.41	8.52	7.89	8.02
	1.35	1.36	1.02	0.01	0.04	0.04	0.06	0.03	0.03	0.03	0.01	0.02
	8.44	8.42	7.90	4.95	4.47	4.06	3.70	3.76	3.77	3.73	3.62	3.46
	19.78	22.03	18.66	16.52	18.76	18.35	18.21	17.03	19.13	17.43	17.35	16.95
	18.60	19.02	16.02	7.42	11.34	15.63	12.23	17.20	16.89	12.45	22.51	18.36
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	18.60	19.02	16.02	7.42	11.34	15.63	12.23	17.20	16.89	12.45	22.51	18.36
	5.08	3.91	3.51	1.25	2.73	3.60	2.62	1.94	2.69	2.14	4.25	4.74
	13.52	15.10	12.51	6.17	8.61	12.03	9.60	15.26	14.21	10.31	18.26	13.63
	5.48	6.13	5.07	2.50	27.94	39.04	31.16	49.51	46.09	33.44	59.23	44.21
Key metrics
	28.39	28.80	24.94	12.38	15.85	19.73	15.99	20.99	20.69	16.21	26.14	21.84
	31.80%	34.50%	45.20%	25.40%	27.00%	35.30%	30.50%	42.60%	36.10%	31.20%	48.60%	42.20%
	15.10%	18.10%	22.70%	12.60%	14.60%	21.50%	18.30%	31.00%	24.80%	19.80%	33.90%	26.30%
	3.20%	—	2.90%	—	2.00%	—	2.30%	—	—	—	—	—
	52.00%	49.50%	5.30%	-0.90%	2.60%	7.40%	-2.70%	-4.90%	—	—	—	—
	57.00%	25.50%	30.30%	-59.60%	-39.40%	16.70%	-47.40%	12.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	276.81	218.60	210.95	206.26	212.35	150.10
	14.36	12.11	14.24	20.49	9.05	5.14
	291.16	230.71	225.19	226.75	221.40	155.24
	230.11	180.30	166.41	155.76	150.88	104.96
	88.63	57.24	43.43	45.06	48.24	33.31
	0.00	0.00	0.00	—	—	—
	38.91	39.76	35.48	30.48	26.77	21.53
	3.74	1.11	0.14	0.15	0.31	0.06
	29.71	21.38	14.97	13.84	13.42	9.03
	76.99	72.28	71.81	66.48	64.33	44.57
	61.06	50.41	58.77	70.99	70.52	50.28
	0.00	0.00	0.00	—	1.70	—
	61.06	50.41	58.77	70.99	72.22	50.28
	13.75	11.09	9.40	16.64	18.22	12.67
	47.30	39.33	49.38	54.35	54.01	37.61
	19.18	15.95	160.21	176.35	175.22	122.03
Key metrics
	94.51	72.90	73.88	84.98	85.95	59.37
	34.14%	33.30%	35.00%	41.20%	40.50%	39.60%
	17.09%	18.00%	23.40%	26.40%	25.40%	25.10%
	—	8.70%	11.20%	—	—	—
	27.99%	3.60%	2.30%	-2.90%	41.50%	—
	3.96%	-20.40%	-9.10%	0.60%	43.60%	—
	—	-34.44	-122.88	—	—	—
	—	1.36	0.76	—	—	—
	—	0.16	0.05	—	—	—
	—	76.92	25.00	—	—	—
	—	101.6	96.8	—	—	—
Balance sheet
	—	659.94	571.98	—	—	—
	—	131.66	99.58	—	—	—
	—	0.02	0.01	—	—	—
	—	54.86	54.52	—	—	—
	—	36.64	21.64	—	—	—
	—	11.42	13.66	—	—	—
	—	376.63	141.02	—	—	—
	—	30.67	20.15	—	—	—
	—	65.44	44.44	—	—	—
	—	76.94	25.01	—	—	—
	—	16.94	0.01	—	—	—
	—	60.00	25.00	—	—	—
	—	491.12	465.49	—	—	—
Cash flow
	—	53.65	37.59	—	—	—
	—	-95.19	-56.96	—	—	—
	—	41.54	18.75	—	—	—
	—	88.09	160.47	—	—	—

Compounded growth

Sales CAGR 3Y: +0.97%
Sales CAGR 5Y: —
Profit CAGR 3Y: -10.03%
Profit CAGR 5Y: —
Sales YoY (TTM): +27.99%
Profit YoY (TTM): +3.96%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 67.28%

Quarter	September 2026	June 2026
Promoter %	67.28%	67.28%

Holder	Type	Holding	Previous	Change
Nirayu Private Limited	Promoter Group	41.15%	41.15%	0.00%
Alembic Limited	Promoter Group	19.07%	19.07%	0.00%
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	Public	4.07%	4.09%	-0.02%
Chirayu Ramanbhai Amin	Promoter	2.91%	2.91%	0.00%
Malika Chirayu Amin	Promoter Group	1.22%	1.22%	0.00%
Pranav Chirayu Amin	Promoter Group	0.92%	0.92%	0.00%
Shaunak Chirayu Amin	Promoter Group	0.84%	0.84%	0.00%
Udit Chirayu Amin	Promoter	0.84%	0.84%	0.00%
Chirayu Ramanbhai Amin HUF	Promoter Group	0.31%	0.31%	0.00%
Virsad Family Trust (Pranav Chirayu Amin)	Promoter Group	0.01%	0.01%	0.00%
Laburnum Family Trust (Chirayu Ramanbhai Amin)	Promoter Group	0.01%	0.01%	0.00%
Grace Star Trust (Shaunak Chirayu Amin)	Promoter Group	0.00%	0.00%	0.00%
Ujjval Vidyalaya (Malika Chirayu Amin)	Promoter Group	0.00%	0.00%	0.00%
Shreno Limited	Promoter Group	0.00%	0.00%	0.00%
Alembic City Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%
PAUSHAK LIMITED (formerly known as Darshak Limited) S	1,529	620.30	32.34	8.70%	+27.99% TTM	+3.96% TTM	-17.03%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

In accordance with Regulation 30 of SEBI Listing Regulations, Newspaper Advertisement related to notice of loss of equity shares certificate(s).28 Oct 2026 · Company Update / Newspaper Publication
In accordance with Regulation 30 of SEBI Listing Regulations, Newspaper Advertisement related to notice of loss of equity shares certificate(s).28 Oct 2026 · Company Update / Newspaper Publication
In accordance with Regulation 30 and Regulation 47 of SEBI Listing Regulations, newspaper advertisement related to Unaudited Financial Results of the Company for the quarter and half year ....17 Oct 2026 · Company Update / Newspaper Publication
Unaudited Financial Results of the Company.16 Oct 2026 · Result / Financial Results
Outcome of Board Meeting16 Oct 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed herewith newspaper publication issued regarding another special window opened for transfer and dematerialization of physical securities.8 Oct 2026 · Company Update / Newspaper Publication
Paushak Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2026 ,inter alia, to consider and approve Board Meeting to consider Unaudited ....8 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 30th September, 2026 received from MUFG Intime India Private Limited.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith intimation for closure of trading window informing the exchange that the trading window will remain closed from 1st October, 2026 till 48 hours after declaration ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith newspaper publication issued regarding another special window opened for transfer and dematerialization of physical securities.12 Aug 2026 · Company Update / Newspaper Publication
Newspaper Advertisement related to Unaudited Financial Results of the Company for the quarter ended 30th June, 2026.31 Jul 2026 · Company Update / Newspaper Publication
Proceedings of the 53rd Annual General Meeting30 Jul 2026 · AGM/EGM / AGM
Proceedings of the 53rd Annual General Meeting held on 30th July, 202630 Jul 2026 · AGM/EGM / AGM
Declaration of Voting Results of the 53rd Annual General Meeting of the Company30 Jul 2026 · AGM/EGM / AGM
Unaudited Financial Results of the Company30 Jul 2026 · Result / Financial Results
Outcome of Board Meeting30 Jul 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Board Meeting30 Jul 2026 · Board Meeting / Outcome of Board Meeting
Paushak Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve Board Meeting to consider Unaudited ....21 Jul 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 30th June, 2026 received from MUFG Intime India Private Limited.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith the newspaper advertisement published on 3rd July, 2026.3 Jul 2026 · Company Update / Newspaper Publication
Please find enclosed herewith intimation regarding a specimen letter sent to the shareholders under Regulation 36(1)(b) of SEBI LODR.2 Jul 2026 · Company Update / General
Intimation of Record Date for payment of Dividend on Equity Shares for the Financial Year ended 31st March, 2026.2 Jul 2026 · Corp. Action / Record Date
Please find enclosed herewith the BRSR of the Company for the financial year ended 31st March, 2026.2 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed herewith a copy of the 53rd Annual Report of the Company for the financial year ended 31st March, 2026.2 Jul 2026 · Others / Reg. 34 (1) Annual Report
We enclose herewith the notice of 53rd Annual General Meeting of the Company scheduled to be held on Thursday, 30th July, 2026 at 5:00 PM through Video Conferencing or Other Audio Visual Means.2 Jul 2026 · AGM/EGM / AGM
Please find enclosed herewith intimation for closure of trading window informing the exchange that the trading window will remain closed from 1st July, 2026 till 48 hours after declaration ....26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith newspaper publication regarding another special window opened for transfer and dematerialization of physical securities.17 Jun 2026 · Company Update / Newspaper Publication
Please find attached herewith a copy of the advance notice published in compliance with the procedure prescribed vide various circulars issued from time to time by MCA and SEBI, inter alia ....12 Jun 2026 · Company Update / Newspaper Publication
In accordance with Regulation 30 of SEBI Listing Regulations, Newspaper Advertisement related to loss of equity shares certificate(s).12 Jun 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the specimen copy of the reminder letter sent to the shareholders whose physical shareholdings post-split and bonus have been credited to a designated Escrow ....11 Jun 2026 · Company Update / General
In accordance with Regulation 30 of SEBI Listing Regulations, Newspaper Advertisement related to notice of loss of equity shares certificate(s).29 May 2026 · Company Update / Newspaper Publication
Please find enclosed herewith a copy notice w.r.t. transfer of Equity Shares of the Company to Investor Education and Protection Fund (IEPF), published in Indian Express (English Edition) ....23 May 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the specimen copy of the reminder letter sent to Shareholders to claim their Equity Shares which otherwise are liable to get transferred to the IEPF.22 May 2026 · Company Update / General
In accordance with Regulation 30 and Regulation 47 of SEBI Listing Regulations, newspaper advertisement related to Audited Financial Results for the quarter and financial year ended 31st March, 2026.6 May 2026 · Company Update / Newspaper Publication
Audited Financial Results for the quarter and financial year ended 31st March, 20265 May 2026 · Result / Financial Results
Outcome of Board Meeting5 May 2026 · Board Meeting / Outcome of Board Meeting
Paushak Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2026 ,inter alia, to consider and approve Board Meeting to consider Audited Financial ....27 Apr 2026 · Board Meeting / Board Meeting
Newspaper Advertisement17 Apr 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the Voting Results of the Postal Ballot.17 Apr 2026 · AGM/EGM / Postal Ballot
Please find enclosed herewith Voting Results of the Postal Ballot.17 Apr 2026 · AGM/EGM / Postal Ballot

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.5000	23 Jul 2026	23 Jul 2026	—
Stock Split From Rs.10/- to Rs.5/-	3 Oct 2025	3 Oct 2025	—
Bonus issue 3:1	3 Oct 2025	3 Oct 2025	—
Final Dividend - Rs. - 20.0000	24 Jul 2025	24 Jul 2025	—
Final Dividend - Rs. - 20.0000	26 Jul 2024	26 Jul 2024	—

Board meetings

16 Oct 2026 Board Meeting - Financial Results
30 Jul 2026 Board Meeting - Financial Results