Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39.80 | 37.08 | 42.79 | 35.32 | 37.68 | 39.29 | 40.70 | 39.10 | 38.85 | 42.11 | 45.74 | 36.21 |
| Expenses | 31.22 | 29.11 | 33.77 | 27.52 | 29.86 | 30.61 | 31.98 | 30.45 | 31.57 | 33.41 | 35.55 | 29.36 |
| Operating Profit | 8.58 | 7.97 | 9.02 | 7.80 | 7.82 | 8.68 | 8.72 | 8.65 | 7.28 | 8.70 | 10.19 | 6.85 |
| OPM % | 21.56% | 21.49% | 21.08% | 22.08% | 20.75% | 22.09% | 21.43% | 22.12% | 18.74% | 20.66% | 22.28% | 18.92% |
| Other Income | 1.12 | 1.38 | 1.94 | 1.37 | 1.88 | 1.31 | 1.55 | 1.58 | 1.24 | 1.15 | 1.35 | 2.50 |
| Interest | 0.05 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 |
| Depreciation | 1.32 | 1.43 | 1.41 | 1.58 | 1.33 | 1.33 | 1.18 | 1.31 | 1.34 | 1.31 | 1.30 | 1.34 |
| Profit before tax | 8.33 | 7.86 | 9.49 | 7.54 | 8.32 | 8.61 | 9.04 | 8.87 | 7.14 | 8.50 | 10.20 | 7.97 |
| Tax % | 39.86% | 28.37% | 9.27% | 49.47% | 33.89% | 25.20% | 26.00% | 11.50% | 24.65% | 24.94% | 25.20% | 23.46% |
| Net Profit | 5.01 | 5.64 | 8.62 | 3.81 | 5.51 | 6.43 | 6.69 | 7.84 | 5.38 | 6.39 | 7.62 | 6.10 |
| EPS in Rs | 0.92 | 1.04 | 1.59 | 0.70 | 1.06 | 1.24 | 1.29 | 1.51 | 1.03 | 1.23 | 1.47 | 1.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35 | 115 | 112 | 115 | 91 | 88 | 122 | 159 | 163 | 153 | 166 | 163 |
| Expenses | 29 | 87 | 84 | 92 | 78 | 73 | 99 | 124 | 129 | 120 | 131 | 130 |
| Operating Profit | 6 | 28 | 28 | 24 | 13 | 16 | 24 | 35 | 34 | 33 | 35 | 33 |
| OPM % | 17% | 24% | 25% | 21% | 14% | 18% | 19% | 22% | 21% | 22% | 21% | 20% |
| Other Income | 3 | 7 | 7 | 6 | 7 | 8 | 4 | 4 | 6 | 6 | 5 | 6 |
| Interest | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| Profit before tax | 7 | 30 | 30 | 25 | 15 | 19 | 23 | 34 | 34 | 34 | 35 | 34 |
| Tax % | 19% | 22% | 19% | 19% | 17% | 28% | 19% | 23% | 23% | 33% | 22% | |
| Net Profit | 6 | 24 | 24 | 20 | 12 | 14 | 19 | 26 | 26 | 22 | 27 | 25 |
| EPS in Rs | 1.46 | 5.86 | 3.68 | 3.10 | 1.85 | 2.50 | 3.49 | 4.85 | 4.81 | 4.32 | 5.24 | 4.90 |
| Dividend Payout % | 0% | 0% | 16% | 19% | 32% | 24% | 17% | 14% | 19% | 21% | 23% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 17% | 13% | 1% | 4% | ||
| Compounded Profit Growth | 17% | 15% | 1% | -3% | ||
| Stock Price CAGR | 5% | 8% | -6% | -13% | ||
| Return on Equity | 12% | 13% | 12% | 13% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 13 | 13 | 13 | 11 | 11 | 11 | 11 | 10 | 10 |
| Reserves | 45 | 51 | 131 | 151 | 167 | 171 | 150 | 155 | 177 | 199 | 191 | 222 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 8 | 9 | 30 | 24 | 22 | 20 | 22 | 26 | 22 | 22 | 28 | 29 |
| Total Liabilities | 62 | 68 | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 261 |
| Fixed Assets | 11 | 11 | 45 | 52 | 52 | 54 | 50 | 49 | 69 | 77 | 80 | 89 |
| CWIP | 0 | 0 | 8 | 1 | 1 | 0 | 0 | 1 | 2 | 0 | 0 | 0 |
| Investments | 32 | 39 | 71 | 87 | 91 | 101 | 76 | 65 | 64 | 70 | 52 | 102 |
| Other Assets | 19 | 18 | 45 | 48 | 58 | 49 | 56 | 77 | 76 | 85 | 97 | 70 |
| Total Assets | 62 | 68 | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 261 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | 6 | 18 | 19 | 14 | 13 | 19 | 14 | 21 | 24 | 26 | 36 |
| Cash from Investing Activity | -3 | -6 | -16 | -16 | -2 | -9 | 28 | 4 | -23 | -12 | 16 | -52 |
| Cash from Financing Activity | -0 | -0 | -2 | -4 | -5 | -8 | -38 | -15 | -5 | -6 | -31 | -7 |
| Net Cash Flow | 0 | -0 | 0 | -1 | 6 | -3 | 9 | 3 | -6 | 7 | 11 | -23 |
| Free Cash Flow | 3 | 5 | 8 | 15 | 8 | 9 | 19 | 5 | -3 | 12 | 18 | 33 |
| CFO/OP | 85% | 115% | 81% | 95% | 79% | 129% | 146% | 79% | 75% | 93% | 97% | 127% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 32 | 46 | 57 | 58 | 56 | 65 | 51 | 50 | 58 | 56 | 60 |
| Inventory Days | 126 | 165 | 82 | 105 | 130 | 149 | 108 | 126 | 95 | 84 | 124 | 94 |
| Days Payable | 82 | 94 | 86 | 127 | 116 | 108 | 105 | 89 | 33 | 28 | 51 | 38 |
| Cash Conversion Cycle | 106 | 102 | 43 | 35 | 72 | 98 | 69 | 87 | 112 | 115 | 129 | 117 |
| Working Capital Days | 76 | 65 | 41 | 56 | 64 | 68 | 58 | 77 | 85 | 98 | 97 | 78 |
| ROCE % | 9% | 13% | 28% | 20% | 15% | 8% | 11% | 14% | 20% | 17% | 16% | 16% |
| Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 30.72% | 30.73% | 30.72% | 30.72% | 30.71% | 30.72% | 30.72% | 30.71% | 30.72% | 30.72% | 30.72% | 30.71% |
| No. of Shareholders | 14,122 | 14,554 | 16,558 | 16,650 | 19,832 | 19,050 | 18,245 | 17,883 | 17,625 | 17,367 | 17,068 | 17,345 |
Fundamentals
Market Cap₹ 243 Cr.
Current Price₹ 46.8
Stock P/E9.45
Book Value₹ 44.7
ROCE16.2 %
ROE12.6 %
Dividend Yield2.56 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-3%
Standalone figures.
Valuation
Market capRs 242 Cr
Enterprise valueRs 227 Cr
P/E (TTM)9.47x
Price to book1.04x
Price to sales1.48x
EV / EBITDA5.77x
EV / EBIT6.67x
EV / sales1.39x
Price to cash flow6.73x
Earnings yield10.55%
Dividend yield2.58%
P/E, 3-year average2.02x
P/B, 3-year average0.24x
P/E, 5-year average1.91x
P/B, 5-year average0.23x
Profitability
Operating margin (excl. other income)21.06%
Operating margin (incl. other income)24.27%
EBITDA margin24.10%
Pre-tax margin20.75%
Net profit margin15.65%
Net margin, latest quarter16.85%
ROE12.55%
ROCE16.12%
ROA11.10%
ROE, 3-year average12.20%
ROCE, 3-year average16.63%
ROA, 3-year average10.87%
ROE, 5-year average12.61%
ROCE, 5-year average16.80%
ROA, 5-year average11.15%
ROIC (approx.)12.26%
Tax rate21.53%
Other income / net worth2.29%
Growth
Sales growth (latest year)8.39%
Profit growth (latest year)21.35%
Sales CAGR, 3 years1.36%
Sales CAGR, 5 years13.44%
Profit CAGR, 3 years1.15%
Profit CAGR, 5 years14.98%
Sales growth QoQ-20.84%
Profit growth QoQ-19.95%
Sales growth YoY (latest quarter)-7.39%
Profit growth YoY (latest quarter)-22.19%
Per share
EPS (TTM)Rs 4.91
EPS (latest year)Rs 26.20
EPS (latest quarter)Rs 1.17
EPS, 3-year averageRs 23.96
EPS, 5-year averageRs 22.72
Book value per shareRs 44.70
Sales per shareRs 31.35
Cash flow per shareRs 6.91
Free cash flow per shareRs 6.35
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 4.30
Dividends
Dividend payout22.88%
Dividend payout, 3-year average20.80%
Dividend payout, 5-year average18.81%
Efficiency
Asset turnover0.64x
Fixed asset turnover1.86x
Inventory turnover5.05x
Inventory days72 days
Debtor days60 days
Debtors turnover6.10x
Creditor days38 days
Cash conversion cycle117 days
Working capital days78 days
Leverage
Cash and bankRs 15 Cr
Net debtRs -15 Cr
Net debt / EBITDA-0.38x
Interest coverage212.31x
Owners' fund to total sources88.97%
Cash flow
Cash from Operating Activity (latest year)Rs 36 Cr
Cash from Investing Activity (latest year)Rs -52 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -23 Cr
Free cash flow (latest year)Rs 33 Cr
Cash from ops / profit, 5 years1.01x
Sales to cash flow4.62x
Statement figures
Net sales (TTM)Rs 163 Cr
Net sales (latest year)Rs 166 Cr
Sales (latest quarter)Rs 36 Cr
Operating profit excl. other income (latest year)Rs 35 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 39 Cr
PBDT (TTM)Rs 39 Cr
Profit before tax (TTM)Rs 34 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 25 Cr
Net profit (latest year)Rs 27 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 100 Cr
Total expenditure (latest year)Rs 131 Cr
Total income (latest year)Rs 171 Cr
Share capitalRs 10 Cr
ReservesRs 222 Cr
Shareholders' fundsRs 232 Cr
Total assetsRs 261 Cr
Net blockRs 89 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 102 Cr
ReceivablesRs 27 Cr
InventoryRs 20 Cr
Other liabilitiesRs 29 Cr
Shares outstanding (crore)5.20
Ownership
Promoter holding69.25% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.5 is at the 29th percentile of its own 9.4-year range
(median 10.6, low 2.6, high 56.5).
P/B 1.04 is at the 31th percentile (median 1.18).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 523586 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.2% | -2.8% | +1.6 pts |
| 1 month | +1.9% | -6.8% | +8.7 pts |
| 3 months | -84.3% | -7.6% | -76.7 pts |
| 3 years | -17.4% | +14.2% | -31.5 pts |
| 5 years | +49.8% | +27.9% | +21.9 pts |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹36 Cr -7.4% vs Jun 2025.
Net profit ₹6 Cr -22.2%.
Activity
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| Fine Organic Industries Ltd | 15,759 | 36.0 | 21.5 % |
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| Anupam Rasayan India Ltd | 13,409 | 76.8 | 7.38 % |
| Vinati Organics Ltd | 12,173 | 24.4 | 21.4 % |
| Elantas Beck India Ltd | 10,820 | 60.9 | 21.2 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Indian Toners & Developers Ltd?
Indian Toners & Developers Ltd (523586) has a market capitalisation of Rs 243 Cr. at the 2026-10-01 close.
What is the P/E ratio of Indian Toners & Developers Ltd?
Indian Toners & Developers Ltd trades at a P/E of 9.45 on trailing twelve-month profit, at the 2026-10-01 close.
What were Indian Toners & Developers Ltd's latest quarterly results?
In the Jun 2026 quarter, Indian Toners & Developers Ltd sales was Rs 36 Cr (-7.4% vs Jun 2025) and net profit was Rs 6 Cr.