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 | 4.37 | 3.22 | 4.45 | 2.85 | 5.47 | 3.88 | 6.68 | 3.97 | 6.87 | 5.09 | 5.50 | 4.20 |
| Expenses | 3.00 | 3.31 | 4.10 | 2.66 | 4.51 | 3.65 | 5.87 | 3.79 | 6.68 | 5.15 | 4.45 | 4.16 |
| Operating Profit | 1.37 | -0.09 | 0.35 | 0.19 | 0.96 | 0.23 | 0.81 | 0.18 | 0.19 | -0.06 | 1.05 | 0.04 |
| OPM % | 31.35% | -2.80% | 7.87% | 6.67% | 17.55% | 5.93% | 12.13% | 4.53% | 2.77% | -1.18% | 19.09% | 0.95% |
| Other Income | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 |
| Interest | 0.21 | 0.11 | 0.26 | 0.09 | 0.17 | 0.34 | 0.20 | 0.25 | 0.27 | 0.26 | 0.22 | 0.28 |
| Depreciation | 0.32 | 0.32 | 0.36 | 0.34 | 0.38 | 0.36 | 0.33 | 0.39 | 0.36 | 0.38 | 0.30 | 0.36 |
| Profit before tax | 0.84 | -0.52 | -0.26 | -0.24 | 0.41 | -0.47 | 0.29 | -0.46 | -0.44 | -0.70 | 0.54 | -0.58 |
| Tax % | 0.00% | 0.00% | -23.08% | 0.00% | 0.00% | 0.00% | 34.48% | 0.00% | 0.00% | 0.00% | -11.11% | 0.00% |
| Net Profit | 0.85 | -0.52 | -0.20 | -0.24 | 0.42 | -0.47 | 0.19 | -0.46 | -0.44 | -0.70 | 0.60 | -0.58 |
| EPS in Rs | 2.77 | -1.69 | -0.65 | -0.78 | 1.37 | -1.53 | 0.62 | -1.50 | -1.43 | -2.28 | 1.95 | -1.89 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.12 | 3.09 | 13.32 | 11.20 | 14.56 | 19.90 | 30.18 | 20.94 | 16.43 | 18.89 | 21.44 | 21.66 |
| Expenses | 5.26 | 3.17 | 12.67 | 9.26 | 12.27 | 14.32 | 25.71 | 18.37 | 14.88 | 16.68 | 20.07 | 20.44 |
| Operating Profit | -0.14 | -0.08 | 0.65 | 1.94 | 2.29 | 5.58 | 4.47 | 2.57 | 1.55 | 2.21 | 1.37 | 1.22 |
| OPM % | -2.73% | -2.59% | 4.88% | 17.32% | 15.73% | 28.04% | 14.81% | 12.27% | 9.43% | 11.70% | 6.39% | 5.63% |
| Other Income | 0.03 | 0.27 | 0.46 | 0.06 | 0.12 | 0.02 | 0.94 | 0.00 | 0.01 | 0.01 | 0.01 | 0.03 |
| Interest | 0.23 | 0.19 | 0.19 | 0.09 | 0.28 | 0.48 | 0.50 | 0.59 | 0.71 | 0.83 | 1.01 | 1.03 |
| Depreciation | 0.20 | 0.18 | 0.52 | 0.46 | 0.55 | 0.78 | 1.05 | 1.17 | 1.30 | 1.40 | 1.42 | 1.40 |
| Profit before tax | -0.54 | -0.18 | 0.40 | 1.45 | 1.58 | 4.34 | 3.86 | 0.81 | -0.45 | -0.01 | -1.05 | -1.18 |
| Tax % | 0.00% | 0.00% | 0.00% | 19.31% | 17.09% | 17.74% | 29.79% | 32.10% | -13.33% | 1,000.00% | -5.71% | |
| Net Profit | -0.54 | -0.18 | 0.39 | 1.17 | 1.31 | 3.56 | 2.72 | 0.56 | -0.39 | -0.11 | -0.99 | -1.12 |
| EPS in Rs | -1.76 | -0.59 | 1.27 | 3.81 | 4.27 | 11.60 | 8.86 | 1.82 | -1.27 | -0.36 | -3.22 | -3.65 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 15% | 2% | 1% | 8% | ||
| Compounded Profit Growth | -15% | % | % | -250% | ||
| Stock Price CAGR | % | % | 68% | % | ||
| Return on Equity | 10% | 2% | -4% | -9% |
| 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 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
| Reserves | -0.28 | -0.82 | -1.05 | -0.66 | 0.52 | 1.83 | 5.39 | 8.10 | 8.66 | 8.27 | 7.91 | 6.98 |
| Borrowings | 6.70 | 8.17 | 8.02 | 8.01 | 7.69 | 9.73 | 10.86 | 11.60 | 13.63 | 15.54 | 15.02 | 16.03 |
| Other Liabilities | 2.74 | 1.27 | 1.58 | 1.48 | 3.59 | 3.18 | 7.55 | 6.86 | 5.65 | 4.49 | 6.19 | 5.95 |
| Total Liabilities | 12.23 | 11.69 | 11.62 | 11.90 | 14.87 | 17.81 | 26.87 | 29.63 | 31.01 | 31.37 | 32.19 | 32.03 |
| Fixed Assets | 10.09 | 9.98 | 9.71 | 9.62 | 10.69 | 12.31 | 20.39 | 22.38 | 24.51 | 25.08 | 25.83 | 27.29 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 | 1.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 2.14 | 1.71 | 1.91 | 2.28 | 3.94 | 4.16 | 6.48 | 7.25 | 6.50 | 6.29 | 6.36 | 4.74 |
| Total Assets | 12.23 | 11.69 | 11.62 | 11.90 | 14.87 | 17.81 | 26.87 | 29.63 | 31.01 | 31.37 | 32.19 | 32.03 |
| 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 | -0.16 | -1.50 | -0.13 | 0.56 | 2.56 | 1.28 | 6.49 | 2.90 | 0.27 | -0.03 | 2.65 | 1.89 |
| Cash from Investing Activity | 0.06 | -0.08 | 0.32 | -0.38 | -1.71 | -3.20 | -7.51 | -3.05 | -3.29 | -1.87 | -2.14 | -2.91 |
| Cash from Financing Activity | -0.13 | 1.57 | -0.16 | -0.16 | -0.45 | 1.70 | 1.13 | 0.74 | 2.04 | 1.90 | -0.52 | 1.01 |
| Net Cash Flow | -0.23 | -0.02 | 0.03 | 0.01 | 0.40 | -0.22 | 0.11 | 0.59 | -0.98 | 0.01 | -0.01 | -0.01 |
| Free Cash Flow | -0.11 | -1.59 | 0.18 | 0.17 | 0.83 | -1.93 | -1.02 | -0.15 | -3.02 | -1.90 | 0.50 | -1.03 |
| CFO/OP | 38% | 1,071% | 162% | 86% | 145% | 66% | 122% | 89% | 32% | 8% | 121% | 136% |
| 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 | 26.89 | 31.37 | 24.81 | 27.13 | 55.08 | 39.86 | 67.86 | 41.60 | 47.24 | 47.10 | 55.07 | 30.13 |
| Inventory Days | 44.60 | 136.35 | 580.41 | 16.18 | 231.23 | 217.06 | 165.17 | 80.99 | 200.09 | 386.19 | 167.61 | 129.87 |
| Days Payable | 126.75 | 159.43 | 741.97 | 43.60 | 605.79 | 366.21 | 695.35 | 159.36 | 200.78 | 111.85 | 201.64 | 193.44 |
| Cash Conversion Cycle | -55.26 | 8.29 | -136.75 | -0.29 | -319.48 | -109.29 | -462.31 | -36.77 | 46.55 | 321.44 | 21.04 | -33.43 |
| Working Capital Days | -53.78 | -47.76 | -103.95 | -9.04 | -28.68 | -60.92 | -65.85 | -49.83 | -65.89 | -105.08 | -122.12 | -149.13 |
| ROCE % | -6.90% | -3.21% | -2.44% | 5.28% | 13.73% | 13.89% | 28.39% | 16.35% | 5.82% | 1.00% | 3.10% | -0.15% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% | 62.35% |
| Public | 37.65% | 37.65% | 37.65% | 37.66% | 37.66% | 37.66% | 37.66% | 37.66% | 37.66% | 37.66% | 37.66% | 37.66% |
| No. of Shareholders | 523 | 523 | 526 | 525 | 525 | 525 | 524 | 524 | 524 | 523 | 526 | 528 |
Fundamentals
Market Cap₹ 30.3 Cr.
Current Price₹ 98.7
Book Value₹ 32.7
ROCE-0.15 %
ROE-9.42 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)-250%
Standalone figures.
Valuation
Market capRs 32 Cr
Enterprise valueRs 48 Cr
Price to book3.17x
Price to sales1.47x
EV / EBITDA38.26x
EV / sales2.21x
Price to cash flow16.83x
Earnings yield-3.52%
P/B, 3-year average1.06x
P/E, 5-year average6.51x
P/B, 5-year average0.84x
Profitability
Operating margin (excl. other income)6.39%
Operating margin (incl. other income)6.44%
EBITDA margin5.77%
Pre-tax margin-5.45%
Net profit margin-5.17%
Net margin, latest quarter-13.81%
ROE-9.42%
ROCE-0.15%
ROA-3.08%
ROE, 3-year average-4.59%
ROCE, 3-year average1.31%
ROA, 3-year average-1.56%
ROE, 5-year average3.76%
ROCE, 5-year average6.10%
ROA, 5-year average1.36%
ROIC (approx.)-0.54%
Tax rate5.71%
Other income / net worth0.10%
Growth
Sales growth (latest year)13.50%
Sales CAGR, 3 years0.79%
Sales CAGR, 5 years1.50%
Sales growth QoQ-23.64%
Profit growth QoQ-196.67%
Sales growth YoY (latest quarter)5.79%
Per share
EPS (TTM)Rs -3.65
EPS (latest year)Rs -3.22
EPS (latest quarter)Rs -1.89
EPS, 3-year averageRs -1.62
EPS, 5-year averageRs 1.17
Book value per shareRs 32.74
Sales per shareRs 70.55
Cash flow per shareRs 6.16
Free cash flow per shareRs -3.35
Efficiency
Asset turnover0.67x
Fixed asset turnover0.79x
Inventory turnover6.87x
Inventory days53 days
Debtor days30 days
Debtors turnover12.11x
Creditor days193 days
Cash conversion cycle-33 days
Working capital days-149 days
Leverage
Total debtRs 16 Cr
Cash and bankRs 0 Cr
Net debtRs 16 Cr
Debt to equity1.59x
Net debt / EBITDA12.81x
Interest coverage-0.15x
Owners' fund to total sources31.38%
Debt to assets50.05%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years4.29x
Sales to cash flow11.34x
Statement figures
Net sales (TTM)Rs 22 Cr
Net sales (latest year)Rs 21 Cr
Sales (latest quarter)Rs 4 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 13 Cr
Total expenditure (latest year)Rs 20 Cr
Total income (latest year)Rs 21 Cr
Share capitalRs 3 Cr
ReservesRs 7 Cr
Shareholders' fundsRs 10 Cr
Total assetsRs 32 Cr
Net blockRs 27 Cr
ReceivablesRs 2 Cr
InventoryRs 2 Cr
Other liabilitiesRs 6 Cr
Shares outstanding (crore)0.31
Ownership
Promoter holding62.35% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 539230 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +27.6% | -2.8% | +30.4 pts |
| 3 years | +393.5% | +14.2% | +379.3 pts |
Red flags
F-score 4 of 8| look | Repeated losses Net loss in each of the last two years |
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 ₹4 Cr +5.8% vs Jun 2025.
Net loss ₹1 Cr.
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 Chemiesynth (Vapi) Ltd?
Chemiesynth (Vapi) Ltd (539230) has a market capitalisation of Rs 30.3 Cr. at the 2026-10-01 close.
What were Chemiesynth (Vapi) Ltd's latest quarterly results?
In the Jun 2026 quarter, Chemiesynth (Vapi) Ltd sales was Rs 4 Cr (+5.8% vs Jun 2025) with a net loss of Rs 1 Cr.