MarketFriction

Resonance Specialities Ltd

BSE 524218 · Specialty Chemicals
₹197.05 +3.19%
BSE close2026-10-01
Market cap₹215 Cr.
P/E14.8

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales10.1415.3416.3617.3018.0618.2424.2021.2721.5322.9624.4832.58
Expenses9.2214.0215.3115.2215.7116.3519.9518.7219.1719.5118.8425.12
Operating Profit0.921.321.052.082.351.894.252.552.363.455.647.46
OPM %9.07%8.60%6.42%12.02%13.01%10.36%17.56%11.99%10.96%15.03%23.04%22.90%
Other Income0.250.250.29-0.640.450.300.070.230.350.320.740.54
Interest0.090.110.120.100.100.080.030.080.060.050.050.01
Depreciation0.360.380.370.480.490.480.110.330.330.340.340.34
Profit before tax0.721.080.850.862.211.634.182.372.323.385.997.65
Tax %36.11%11.11%21.18%31.40%18.10%31.90%26.79%31.22%28.88%26.04%23.37%24.97%
Net Profit0.460.960.670.591.811.123.061.631.662.514.605.74
EPS in Rs0.400.830.580.511.570.972.651.411.442.173.984.97
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3934364156707658557890102
Expenses363235374856595150677683
Operating Profit32158141775111419
OPM %8%6%1.8%12%14%20%22%12%9%14%16%19%
Other Income011102121022
Interest101100000000
Depreciation111111211211
Profit before tax2105715167491419
Tax %28%26%2,700%33%20%28%24%27%25%26%26%
Net Profit11-13611125371015
EPS in Rs1.030.89-0.672.774.779.1110.714.332.575.699.0112.56
Dividend Payout %0%0%0%0%21%11%9%23%0%18%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%5%16%24%
Compounded Profit Growth24%0%27%92%
Stock Price CAGR19%-5%28%86%
Return on Equity14%13%11%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121212121212
Reserves101112121519294044465262
Borrowings324300102432
Other Liabilities10812101211135812817
Total Liabilities353240373841555766747692
Fixed Assets141415151414161420232121
CWIP000112000014
Investments0000001003012
Other Assets201825222325384245485457
Total Assets353240373841555766747692
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity131251413-84-317
Cash from Investing Activity-0-1-3-1-0-2-1-93-74-15
Cash from Financing Activity-2-22-1-410-210-1-2
Net Cash Flow-10-001133-4-2-0-0
Free Cash Flow12-215-1313-16-0-414
CFO/OP103%122%28%362%107%47%61%110%-93%117%-5%141%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9966806867404940788910556
Inventory Days134159397212180232236176646341316319
Days Payable1161082621271391141211713813465113
Cash Conversion Cycle117117215152108158164198587295356263
Working Capital Days71748580938299143212221206156
ROCE %4%9%7%2%20%31%41%35%13%7%15%20%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%1.55%
Public45.74%45.72%45.71%45.72%45.71%45.72%45.72%45.72%45.71%45.72%45.72%44.19%
No. of Shareholders12,54711,94111,97311,85511,59911,72811,56011,52611,81011,51211,27210,998

Fundamentals

Market Cap₹ 215 Cr.
Current Price₹ 186
Stock P/E14.8
Book Value₹ 63.4
ROCE20.0 %
ROE15.0 %
Dividend Yield0.54 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)24%
Compounded Profit Growth (TTM)92%
Standalone figures.
Valuation
Market capRs 227 Cr
Enterprise valueRs 229 Cr
P/E (TTM)15.68x
Price to book3.11x
Price to sales2.24x
EV / EBITDA10.98x
EV / EBIT11.74x
EV / sales2.26x
Price to cash flow13.13x
Earnings yield6.38%
Dividend yield0.51%
P/E, 3-year average18.50x
P/B, 3-year average1.42x
P/E, 5-year average17.97x
P/B, 5-year average1.96x
Profitability
Operating margin (excl. other income)15.67%
Operating margin (incl. other income)17.43%
EBITDA margin20.54%
Pre-tax margin19.04%
Net profit margin14.29%
Net margin, latest quarter17.62%
ROE15.15%
ROCE20.15%
ROA12.38%
ROE, 3-year average10.41%
ROCE, 3-year average13.91%
ROA, 3-year average8.48%
ROE, 5-year average13.45%
ROCE, 5-year average17.90%
ROA, 5-year average11.16%
ROIC (approx.)19.24%
Tax rate26.15%
Other income / net worth2.17%
Growth
Sales growth (latest year)15.99%
Profit growth (latest year)58.30%
Sales CAGR, 3 years15.89%
Sales CAGR, 5 years5.13%
Profit CAGR, 3 years27.65%
Profit CAGR, 5 years-0.23%
Sales growth QoQ33.09%
Profit growth QoQ24.78%
Sales growth YoY (latest quarter)53.17%
Profit growth YoY (latest quarter)252.15%
Per share
EPS (TTM)Rs 12.57
EPS (latest year)Rs 9.01
EPS (latest quarter)Rs 4.97
EPS, 3-year averageRs 5.76
EPS, 5-year averageRs 6.46
Book value per shareRs 63.44
Sales per shareRs 87.97
Cash flow per shareRs 15.00
Free cash flow per shareRs 12.13
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout11.06%
Dividend payout, 3-year average14.28%
Dividend payout, 5-year average15.22%
Efficiency
Asset turnover0.98x
Fixed asset turnover4.39x
Inventory turnover1.96x
Inventory days186 days
Debtor days56 days
Debtors turnover6.50x
Creditor days113 days
Cash conversion cycle263 days
Working capital days156 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 1 Cr
Net debtRs 2 Cr
Debt to equity0.03x
Net debt / EBITDA0.08x
Interest coverage114.76x
Owners' fund to total sources79.19%
Debt to assets2.42%
Cash flow
Cash from Operating Activity (latest year)Rs 17 Cr
Cash from Investing Activity (latest year)Rs -15 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 14 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow5.21x
Statement figures
Net sales (TTM)Rs 102 Cr
Net sales (latest year)Rs 90 Cr
Sales (latest quarter)Rs 33 Cr
Operating profit excl. other income (latest year)Rs 14 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 21 Cr
PBDT (TTM)Rs 21 Cr
Profit before tax (TTM)Rs 19 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 15 Cr
Net profit (latest year)Rs 10 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 67 Cr
Total expenditure (latest year)Rs 76 Cr
Total income (latest year)Rs 92 Cr
Share capitalRs 12 Cr
ReservesRs 62 Cr
Shareholders' fundsRs 73 Cr
Total assetsRs 92 Cr
Net blockRs 21 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 12 Cr
ReceivablesRs 14 Cr
InventoryRs 34 Cr
Other liabilitiesRs 17 Cr
Shares outstanding (crore)1.15
Ownership
Promoter holding54.25% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.7 is at the 41th percentile of its own 8.4-year range (median 19.6, low 7.2, high 42.8).
P/B 3.11 is at the 79th percentile (median 1.87).
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.
Period524218Nifty 50Difference
1 week+7.9%-2.8% +10.7 pts
1 month+19.8%-6.8% +26.6 pts
3 months+41.1%-7.6% +48.7 pts
3 years+120.6%+14.2% +106.4 pts
5 years-17.1%+27.9% -45.0 pts

Red flags

F-score 7 of 8
No 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 2026
Sales ₹33 Cr +53.2% vs Jun 2025. Net profit ₹6 Cr +252.1%.

Activity

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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 Resonance Specialities Ltd?

Resonance Specialities Ltd (524218) has a market capitalisation of Rs 215 Cr. at the 2026-10-01 close.

What is the P/E ratio of Resonance Specialities Ltd?

Resonance Specialities Ltd trades at a P/E of 14.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Resonance Specialities Ltd's latest quarterly results?

In the Jun 2026 quarter, Resonance Specialities Ltd sales was Rs 33 Cr (+53.2% vs Jun 2025) and net profit was Rs 6 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03