MarketFriction

Bodal Chemicals Ltd

NSE BODALCHEM · BSE 524370 · Dyes And Pigments
₹189.75 -4.34%
NSE close2026-10-01
52 week range42.81 - 207.70
Market cap₹2,423 Cr.
P/E35.3
ASM long-term Price band 5%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales330339394422429443451454480490588709
Expenses307315368388396399404407457468519640
Operating Profit232425343344474823226969
OPM %7%7%6%8%8%10%10%10%4.8%4.5%12%10%
Other Income65525124201536
Interest131216212020212220191819
Depreciation141517171717171817171717
Profit before tax22-2-1181213603639
Tax %26%49%-200%-19%124%34%-25%24%-8%0%11%22%
Net Profit112-1-051410603230
EPS in Rs0.100.080.16-0.09-0.020.431.150.760.480.022.552.41
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9081,2331,1421,4241,3751,2262,0551,5741,3951,7482,0122,267
Expenses7581,0079461,1871,2371,1401,8351,4411,2841,5781,8442,085
Operating Profit15022619623613887220133111171168183
OPM %16%18%17%17%10%7%11%8%8%10%8%8%
Other Income19158131016-2129-13544
Interest129591917294154827976
Depreciation262912212830475360697070
Profit before tax13120418621910155142515195481
Tax %34%35%33%35%15%28%31%25%-37%4%12%
Net Profit86133122141864099386184869
EPS in Rs7.8812.1810.0311.727.123.438.513.030.511.473.805.46
Dividend Payout %8%7%8%7%11%23%9%3%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%10%9%28%
Compounded Profit Growth-12%-12%-16%129%
Stock Price CAGR3%10%32%209%
Return on Equity8%4%2%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222242424242425252525
Reserves1352133416738059079511,0281,0531,0571,0801,132
Borrowings234143151181171257454676760904911813
Other Liabilities144132193194290267312385283294324366
Total Liabilities5345107071,0721,2901,4551,7412,1132,1202,2812,3392,336
Fixed Assets1901922224376096567978179671,3141,3011,239
CWIP309192671470193686167
Investments221717636001300
Other Assets3393164595996507899241,2279608869771,031
Total Assets5345107071,0721,2901,4551,7412,1132,1202,2812,3392,336
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity198131104718610-13-14290204114176
Cash from Investing Activity-35-23-67-256-128-79-168-170-315-278-419
Cash from Financing Activity-162-109-23236-51761781813381-73-191
Net Cash Flow0-114-1377-3-387-0-7
Free Cash Flow16210745-22138-43-191-170-29-2969180
CFO/OP129%111%76%34%106%20%-4%11%223%182%64%104%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6967569185121139105971008380
Inventory Days435760598691141141119139139106
Days Payable62677379918710281721029781
Cash Conversion Cycle5058437179124178165144137125105
Working Capital Days231821585065735549192027
ROCE %39%35%46%27%24%11%5%12%5%3%6%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.39%57.39%57.39%57.39%57.32%57.32%57.32%57.32%57.00%57.00%57.00%57.00%
FIIs0.45%0.30%0.77%0.19%0.67%0.32%0.32%0.81%0.29%0.32%0.15%0.02%
DIIs0.03%0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public42.12%42.29%41.82%42.41%42.00%42.36%42.35%41.87%42.70%42.68%42.84%42.98%
No. of Shareholders77,81676,86777,33277,49581,42078,83178,16375,02374,64973,08370,46567,902

Fundamentals

Market Cap₹ 2,423 Cr.
Current Price₹ 192
Stock P/E35.3
Book Value₹ 91.9
ROCE5.59 %
ROE1.97 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)28%
Compounded Profit Growth (TTM)129%
Consolidated figures.
Valuation
Market capRs 2,390 Cr
Enterprise valueRs 3,182 Cr
P/E (TTM)34.80x
Price to book2.06x
Price to sales1.05x
EV / EBITDA14.06x
EV / EBIT20.30x
EV / sales1.40x
Price to cash flow13.58x
Earnings yield2.87%
P/E, 3-year average65.34x
P/B, 3-year average0.69x
P/E, 5-year average45.39x
P/B, 5-year average0.78x
Profitability
Operating margin (excl. other income)8.36%
Operating margin (incl. other income)10.08%
EBITDA margin9.98%
Pre-tax margin3.57%
Net profit margin3.03%
Net margin, latest quarter4.28%
ROE4.23%
ROCE6.68%
ROA2.05%
ROE, 3-year average2.17%
ROCE, 3-year average4.94%
ROA, 3-year average1.05%
ROE, 5-year average4.07%
ROCE, 5-year average6.17%
ROA, 5-year average2.07%
ROIC (approx.)7.07%
Tax rate12.05%
Other income / net worth2.99%
Growth
Sales growth (latest year)15.09%
Profit growth (latest year)158.54%
Sales CAGR, 3 years8.53%
Sales CAGR, 5 years10.41%
Profit CAGR, 3 years7.94%
Profit CAGR, 5 years2.64%
Sales growth QoQ20.58%
Profit growth QoQ-5.24%
Sales growth YoY (latest quarter)56.11%
Profit growth YoY (latest quarter)218.78%
Per share
EPS (TTM)Rs 5.45
EPS (latest year)Rs 3.80
EPS (latest quarter)Rs 2.41
EPS, 3-year averageRs 1.93
EPS, 5-year averageRs 3.46
Book value per shareRs 91.91
Sales per shareRs 180.01
Cash flow per shareRs 13.97
Free cash flow per shareRs 14.29
Dividend per share, 5-year averageRs 0.45
Dividends
Dividend payout, 5-year average6.36%
Efficiency
Asset turnover0.86x
Fixed asset turnover1.62x
Inventory turnover4.84x
Inventory days75 days
Debtor days80 days
Debtors turnover4.59x
Creditor days81 days
Cash conversion cycle105 days
Working capital days27 days
Leverage
Total debtRs 813 Cr
Cash and bankRs 21 Cr
Net debtRs 792 Cr
Debt to equity0.70x
Net debt / EBITDA3.50x
Interest coverage2.07x
Current ratio (filing 2026-03-31)1.20x
Quick ratio (filing 2026-03-31)0.77x
Trade payables (filing 2026-03-31)Rs 247 Cr
Owners' fund to total sources49.55%
Debt to assets34.81%
Cash flow
Cash from Operating Activity (latest year)Rs 176 Cr
Cash from Investing Activity (latest year)Rs 9 Cr
Cash from Financing Activity (latest year)Rs -191 Cr
Net Cash Flow (latest year)Rs -7 Cr
Free cash flow (latest year)Rs 180 Cr
FCFE (approx.: FCF + change in debt)Rs 82 Cr
Cash from ops / profit, 5 years3.68x
Sales to cash flow11.44x
Statement figures
Net sales (TTM)Rs 2,267 Cr
Net sales (latest year)Rs 2,012 Cr
Sales (latest quarter)Rs 709 Cr
Operating profit excl. other income (latest year)Rs 168 Cr
Operating profit (latest quarter)Rs 69 Cr
Other income (TTM)Rs 44 Cr
EBITDA (TTM)Rs 226 Cr
PBDT (TTM)Rs 150 Cr
Profit before tax (TTM)Rs 81 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 69 Cr
Net profit (latest year)Rs 48 Cr
Net profit (latest quarter)Rs 30 Cr
Depreciation (TTM)Rs 70 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 76 Cr
Cost of goods sold (latest year)Rs 1,566 Cr
Total expenditure (latest year)Rs 1,844 Cr
Total income (latest year)Rs 2,047 Cr
Share capitalRs 25 Cr
ReservesRs 1,132 Cr
Shareholders' fundsRs 1,158 Cr
Total assetsRs 2,336 Cr
Net blockRs 1,239 Cr
Capital work in progressRs 67 Cr
InvestmentsRs 0 Cr
ReceivablesRs 439 Cr
InventoryRs 324 Cr
Other liabilitiesRs 366 Cr
Shares outstanding (crore)12.59
Ownership
Promoter holding57.00% (-0.32 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 34.8 is at the 83th percentile of its own 9.4-year range (median 16.0, low 3.7, high 161.2).
P/B 2.06 is at the 81th percentile (median 1.01).
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.
PeriodBODALCHEMNifty 50Difference
1 week-2.7%-2.8% +0.0 pts
1 month+49.7%-6.8% +56.5 pts
3 months+202.0%-7.6% +209.6 pts
6 months+270.6%+0.4% +270.2 pts
1 year+197.9%-9.9% +207.8 pts
2 years+138.3%-13.6% +151.8 pts
3 years+126.3%+14.2% +112.1 pts
5 years+60.3%+27.9% +32.4 pts

Red flags

F-score 7 of 8
lookProfit leans on other income Other income was 64% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
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 ₹709 Cr +56.2% vs Jun 2025. Net profit ₹30 Cr +200.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-22Annual General Meeting/Dividend - Rs 0.10 Per Share
2022-09-22Annual General Meeting/Dividend - Rs 0.80 Per Share
2021-09-16 Annual General Meeting/Dividend - Rs 0.80 Per Share
2020-08-13 Annual General Meeting
2020-02-18 Interim Dividend - Re 0.80 Per Share
2019-09-12 Annual General Meeting/Dividend - Rs 0.80 Per Share
2018-09-06 Annual General Meeting/Dividend Re 0.80 Per Share
2017-09-14 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-09-15 Annual General Meeting
2016-08-11 Interim Dividend - Re 0.30/- Per Share (Purpose Revised)
2016-03-17 Interim Dividend - Re 0.40/- Per Share (Purpose Revised)
2015-08-20 Annual General Meeting/ Interim Dividend - Re 0.20/- Per Share
2014-09-11Annual General Meeting
2013-09-20Annual General Meeting
2012-09-20Annual General Meeting
2011-09-22Dividend-Re.0.54 Per Share
DateTypeWhat it says
2026-09-25Shareholder meetingVoting results of Annual General Meeting held on September 25, 2026
2026-09-25Shareholder meetingBodal Chemicals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026
2026-09-25Shareholder meetingProceedings of undefined held on September 25, 2026
2026-09-14Rumour Verification - RegulaRumour Verification - Regulation 30(11)
2026-09-01Price movementSignificant movement in price has been observed in Bodal Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-08-31Price movementSignificant movement in price has been observed in Bodal Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-17General UpdatesGeneral Updates
2026-08-17Record DateRecord date for the purpose of Meeting is 18-Sep-2026.
2026-08-05Investor PresentationInvestor Presentation
2026-08-05Board meeting outcomeBodal Chemicals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-15Disclosure under SEBI TakeovBodal Chemicals Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-05-26Disclosure under SEBI TakeovSuresh J. Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-05-21UpdatesAnnouncement - Declaration of Unmodified Opinion of Audited Financial Results for year ended 31st March 2026.
2026-05-21Investor PresentationInvestor Presentation
2026-05-21Board meeting outcomeBodal Chemicals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-03-23Price movementSignificant movement in price has been observed in Bodal Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-03-23Price movementSignificant movement in price has been observed in Bodal Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-02-14Investor PresentationInvestor Presentation
2026-02-14Board meeting outcomeBodal Chemicals Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-12-09Credit Rating- NewCredit Rating- New
2025-11-12Investor PresentationInvestor Presentation
2025-11-12Board meeting outcomeBoard meeting held on November 12, 2025.
2025-11-12Board meeting outcomeBodal Chemicals Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-10-07Shareholder meetingWith copy of minutes of Annual General Meeting held on September 26, 2025
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.
Long Term Additional Surveillance Measure (Long Term ASM): stage 4
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03