Primo Chemicals (NSE:PRIMO) Cyclically Adjusted Revenue per Share: ₹28.23 (As of Mar. 2026)

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NSE:PRIMO Primo Chemicals Ltd NSE:PRIMO
49 GF Score
Price ₹22.59
GF Value ₹46.03
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Primo Chemicals Cyclically Adjusted Revenue per Share?

Primo Chemicals NSE:PRIMO -1.87% 49 Cyclically Adjusted Revenue per Share is ₹28.23 as of Mar. 2026. GuruFocus rates NSE:PRIMO with a GF Score™ of 49/100 and a GF Value™ of ₹46.03 (Significantly Undervalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Primo Chemicals's adjusted revenue per share for the three months ended in Mar. 2026 was ₹5.962. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₹28.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Primo Chemicals's average Cyclically Adjusted Revenue Growth Rate was -1.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Primo Chemicals was -1.90% per year. The lowest was -3.10% per year. And the median was -2.90% per year.

As of today (2026-07-22), Primo Chemicals's current stock price is ₹22.59. Primo Chemicals's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹28.23. Primo Chemicals's Cyclically Adjusted PS Ratio of today is 0.80.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Primo Chemicals was 3.10. The lowest was 0.32. And the median was 1.34.


Primo Chemicals  (NSE:PRIMO) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Primo Chemicals's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=22.59/28.23
=0.80

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Primo Chemicals was 3.10. The lowest was 0.32. And the median was 1.34.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Primo Chemicals Cyclically Adjusted Revenue per Share Related Terms


Primo Chemicals Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Primo Chemicals's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Primo Chemicals Cyclically Adjusted Revenue per Share Chart

Primo Chemicals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 28.23

Primo Chemicals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 28.68 28.79 28.65 28.23

NSE:PRIMO vs DOW: Cyclically Adjusted Revenue per Share Comparison

For the Chemicals subindustry, Primo Chemicals's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Primo Chemicals Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Primo Chemicals's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Primo Chemicals's Cyclically Adjusted PS Ratio falls into.


NSE:PRIMO
49GF Score
Primo Chemicals Ltd NSE:PRIMO
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Primo Chemicals Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Primo Chemicals's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.962/164.2724*164.2724
=5.962

Current CPI (Mar. 2026) = 164.2724.

Primo Chemicals Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.846 105.961 10.613
201609 6.094 105.961 9.448
201612 5.903 105.196 9.218
201703 5.160 105.196 8.058
201706 4.623 107.109 7.090
201709 5.561 109.021 8.379
201712 6.436 109.404 9.664
201803 7.908 109.786 11.833
201806 7.467 111.317 11.019
201809 6.448 115.142 9.199
201812 7.165 115.142 10.222
201903 6.614 118.202 9.192
201906 6.745 120.880 9.166
201909 5.481 123.175 7.310
201912 4.611 126.235 6.000
202003 4.787 124.705 6.306
202006 2.693 127.000 3.483
202009 4.143 130.118 5.230
202012 4.293 130.889 5.388
202103 5.126 131.771 6.390
202106 4.076 134.084 4.994
202109 3.674 135.847 4.443
202112 5.393 138.161 6.412
202203 6.646 138.822 7.864
202206 7.684 142.347 8.868
202209 7.646 144.661 8.683
202212 7.748 145.763 8.732
202303 6.111 146.865 6.835
202306 4.612 150.280 5.041
202309 3.817 151.492 4.139
202312 3.793 152.924 4.074
202403 4.206 153.035 4.515
202406 4.986 155.789 5.258
202409 5.508 157.882 5.731
202412 5.642 158.323 5.854
202503 6.413 157.552 6.687
202506 5.918 159.755 6.085
202509 5.501 162.289 5.568
202512 5.315 163.281 5.347
202603 5.962 164.272 5.962

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₹28.23 mean?
Primo Chemicals (NSE:PRIMO) has a Cyclically Adjusted Revenue per Share of ₹28.23 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Primo Chemicals and its competitors.
Is Primo Chemicals' Cyclically Adjusted Revenue per Share too high?
Primo Chemicals' current Cyclically Adjusted Revenue per Share is ₹28.23. Overall, Primo Chemicals has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Primo Chemicals' Cyclically Adjusted Revenue per Share compare to DOW?
Primo Chemicals' Cyclically Adjusted Revenue per Share of ₹28.23 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Chemicals company?
A good Cyclically Adjusted Revenue per Share depends on the Chemicals industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Primo Chemicals and its competitors. Primo Chemicals's current Cyclically Adjusted Revenue per Share is ₹28.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primo Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Primo Chemicals (NSE:PRIMO) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹46.03, compared to a current price of ₹22.59 — trading 50.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹28.23. Primo Chemicals' overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Primo Chemicals (NSE:PRIMO), the current Cyclically Adjusted Revenue per Share is ₹28.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Primo Chemicals (NSE:PRIMO) Overvalued in 2026?

Based on GuruFocus' analysis, Primo Chemicals stock appears to be undervalued. The current stock price of ₹22.59 is trading 50.9% below its estimated GF Value™ of ₹46.03. GuruFocus considers Primo Chemicals to be Significantly Undervalued.

Key valuation signals for NSE:PRIMO:

  • Cyclically Adjusted Revenue per Share: ₹28.23
  • GF Value™: ₹46.03 vs. price of ₹22.59 (50.9% below fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the NSE:PRIMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Primo Chemicals Business Description

Other Exchanges 506852:India
Address Bay No. 46-50, Sector- 31A, Chandigarh, IND, 160030
Primo Chemicals Ltd is engaged in the manufacturing of chemicals. Its product portfolio includes Caustic Soda Lye and its by-products are Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen gas. The company generates revenue from the sale of goods and trading sales.
49GF Score

Get the complete analysis for NSE:PRIMO

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹22.59
Price
₹46.03
GF Value