Price
Financials
Consolidated, 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 | 40.34 | 40.26 | 40.04 | 36.98 | 43.29 | 43.40 | 54.43 | 41.57 | 40.30 | 42.02 | 45.50 | 46.63 |
| Expenses | 43.77 | 39.25 | 39.55 | 37.16 | 42.09 | 41.99 | 49.22 | 39.78 | 39.09 | 41.84 | 43.89 | 44.40 |
| Operating Profit | -3.43 | 1.01 | 0.49 | -0.18 | 1.20 | 1.41 | 5.21 | 1.79 | 1.21 | 0.18 | 1.61 | 2.23 |
| OPM % | -8.50% | 2.51% | 1.22% | -0.49% | 2.77% | 3.25% | 9.57% | 4.31% | 3.00% | 0.43% | 3.54% | 4.78% |
| Other Income | 0.21 | 0.05 | 0.12 | 0.01 | 0.05 | 0.65 | 0.02 | 0.17 | 0.54 | 2.08 | 0.27 | 0.29 |
| Interest | 0.70 | 0.72 | 0.84 | 0.68 | 0.72 | 0.74 | 0.69 | 0.67 | 0.78 | 1.26 | 0.76 | 0.82 |
| Depreciation | 0.74 | 0.48 | 0.78 | 0.54 | 0.55 | 0.59 | 0.56 | 0.59 | 0.55 | 0.60 | 0.61 | 0.62 |
| Profit before tax | -4.66 | -0.14 | -1.01 | -1.39 | -0.02 | 0.73 | 3.98 | 0.70 | 0.42 | 0.40 | 0.51 | 1.08 |
| Tax % | 0.00% | 0.00% | 3.96% | 0.00% | -50.00% | 0.00% | 4.27% | 0.00% | 2.38% | 0.00% | 33.33% | 0.93% |
| Net Profit | -4.66 | -0.14 | -1.05 | -1.39 | -0.01 | 0.73 | 3.81 | 0.70 | 0.41 | 0.40 | 0.34 | 1.07 |
| EPS in Rs | -1.91 | -0.05 | -0.37 | -0.49 | 0.00 | 0.27 | 1.37 | 0.25 | 0.15 | 0.15 | 0.13 | 0.38 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 68 | 68 | 67 | 69 | 52 | 28 | 161 | 165 | 178 | 169 | 174 |
| Expenses | 66 | 62 | 71 | 65 | 54 | 39 | 158 | 166 | 170 | 165 | 169 |
| Operating Profit | 3 | 7 | -3 | 4 | -2 | -11 | 3 | -1 | 8 | 5 | 5 |
| OPM % | 4.3% | 10% | -5% | 6% | -4.1% | -41% | 1.8% | -0.6% | 4.3% | 2.8% | 3.0% |
| Other Income | 4 | 1 | 4 | 2 | 0 | 5 | 1 | 0 | 1 | 3 | 3 |
| Interest | 3 | 4 | 0 | 6 | 5 | 0 | 3 | 3 | 3 | 3 | 4 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 2 | 2 | 2 |
| Profit before tax | 1 | 1 | -3 | -3 | -10 | -10 | -1 | -6 | 3 | 2 | 2 |
| Tax % | 15% | 15% | 3% | 3% | 0% | 0% | 0% | 1% | 5% | 9% | |
| Net Profit | 1 | 1 | -3 | -3 | -10 | -10 | -1 | -6 | 3 | 2 | 2 |
| EPS in Rs | 0.48 | 0.53 | -1.84 | -1.27 | -3.94 | -3.89 | -0.54 | -2.22 | 1.14 | 0.67 | 0.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | 2% | -5% | ||
| Compounded Profit Growth | % | % | 41% | -57% | ||
| Stock Price CAGR | 53% | 75% | 73% | 19% | ||
| Return on Equity | % | % | -1% | 2% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 24 | 24 | 24 | 32 | 24 | 28 | 28 | 28 |
| Reserves | 3 | 4 | 2 | -1 | -10 | -10 | 37 | 31 | 34 | 37 |
| Borrowings | 31 | 35 | 36 | 36 | 32 | 21 | 22 | 22 | 22 | 27 |
| Other Liabilities | 34 | 32 | 37 | 40 | 28 | 22 | 39 | 47 | 57 | 54 |
| Total Liabilities | 83 | 85 | 100 | 100 | 74 | 64 | 122 | 128 | 141 | 145 |
| Fixed Assets | 37 | 34 | 62 | 58 | 39 | 33 | 61 | 66 | 65 | 59 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 7 | 7 | 4 | 4 | 4 | 4 | 0 | 0 | 0 | 1 |
| Other Assets | 39 | 45 | 34 | 38 | 31 | 27 | 61 | 62 | 76 | 85 |
| Total Assets | 83 | 85 | 100 | 100 | 74 | 64 | 122 | 128 | 141 | 145 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | -5 | 1 | -0 | -10 | -4 | 2 | 4 | 5 | -4 |
| Cash from Investing Activity | -0 | -0 | -0 | -0 | 14 | 11 | -4 | -2 | -1 | 3 |
| Cash from Financing Activity | -1 | 6 | -1 | 0 | -4 | -3 | 1 | -3 | -3 | 1 |
| Net Cash Flow | -0 | 0 | -0 | 0 | -0 | 4 | 0 | -0 | 1 | -0 |
| Free Cash Flow | 1 | -5 | -0 | -0 | -10 | -4 | -1 | 3 | 4 | -1 |
| CFO/OP | 49% | -79% | -21% | 2% | 469% | 32% | 83% | -421% | 64% | -88% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 85 | 71 | 92 | 114 | 117 | 71 | 67 | 78 | 92 |
| Inventory Days | 93 | 141 | 116 | 96 | 79 | 137 | 73 | 84 | 93 | 115 |
| Days Payable | 171 | 164 | 0 | 158 | 144 | 0 | 90 | 109 | 131 | 129 |
| Cash Conversion Cycle | 4 | 62 | 187 | 30 | 48 | 254 | 54 | 43 | 40 | 79 |
| Working Capital Days | 24 | 62 | -21 | -20 | 19 | 13 | 33 | 19 | 23 | 70 |
| ROCE % | 10% | -4% | 4% | -4% | -22% | -4% | 7% | 5% |
| 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 | 70.92% | 68.71% | 68.71% | 68.71% | 68.71% | 68.71% | 68.71% | 68.71% | 68.71% | 68.67% | 68.67% | 68.67% |
| DIIs | 0.22% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
| Public | 28.86% | 31.10% | 31.10% | 31.10% | 31.11% | 31.09% | 31.10% | 31.09% | 31.09% | 31.15% | 31.14% | 31.14% |
| No. of Shareholders | 24,685 | 25,732 | 25,511 | 25,689 | 25,526 | 25,381 | 25,238 | 25,414 | 25,941 | 26,908 | 26,609 | 26,520 |
Fundamentals
Market Cap₹ 1,739 Cr.
Current Price₹ 617
Stock P/E776
Book Value₹ 23.1
ROCE5.45 %
ROE1.69 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-57%
Consolidated figures.
Valuation
Market capRs 1,684 Cr
Enterprise valueRs 1,707 Cr
P/E (TTM)751.61x
Price to book26.11x
Price to sales9.65x
EV / EBITDA202.98x
EV / EBIT283.09x
EV / sales9.79x
Earnings yield0.13%
P/E, 3-year average451.48x
P/B, 3-year average11.52x
P/E, 5-year average451.48x
P/B, 5-year average7.83x
Profitability
Operating margin (excl. other income)2.83%
Operating margin (incl. other income)4.63%
EBITDA margin4.82%
Pre-tax margin1.38%
Net profit margin1.28%
Net margin, latest quarter2.29%
ROE2.96%
ROCE6.29%
ROA1.31%
ROE, 3-year average-0.70%
ROCE, 3-year average3.31%
ROA, 3-year average-0.43%
ROE, 5-year average-11.72%
ROCE, 5-year average-1.81%
ROA, 5-year average-3.29%
ROIC (approx.)6.22%
Tax rate9.31%
Other income / net worth4.75%
Growth
Sales growth (latest year)-4.89%
Profit growth (latest year)-41.01%
Sales CAGR, 3 years1.78%
Sales CAGR, 5 years26.83%
Sales growth QoQ2.48%
Profit growth QoQ205.71%
Sales growth YoY (latest quarter)12.17%
Profit growth YoY (latest quarter)52.86%
Per share
EPS (TTM)Rs 0.80
EPS (latest year)Rs 0.67
EPS (latest quarter)Rs 0.38
EPS, 3-year averageRs -0.14
EPS, 5-year averageRs -0.79
Book value per shareRs 23.12
Sales per shareRs 62.55
Cash flow per shareRs -1.50
Free cash flow per shareRs -0.36
Efficiency
Asset turnover1.17x
Fixed asset turnover2.86x
Inventory turnover3.55x
Inventory days103 days
Debtor days92 days
Debtors turnover3.97x
Creditor days129 days
Cash conversion cycle79 days
Working capital days70 days
Leverage
Total debtRs 27 Cr
Cash and bankRs 3 Cr
Net debtRs 23 Cr
Debt to equity0.42x
Net debt / EBITDA2.78x
Interest coverage1.67x
Owners' fund to total sources44.47%
Debt to assets18.50%
Cash flow
Cash from Operating Activity (latest year)Rs -4 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 4 Cr
Statement figures
Net sales (TTM)Rs 174 Cr
Net sales (latest year)Rs 169 Cr
Sales (latest quarter)Rs 47 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 118 Cr
Total expenditure (latest year)Rs 165 Cr
Total income (latest year)Rs 172 Cr
Share capitalRs 28 Cr
ReservesRs 37 Cr
Shareholders' fundsRs 64 Cr
Total assetsRs 145 Cr
Net blockRs 59 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 1 Cr
ReceivablesRs 43 Cr
InventoryRs 33 Cr
Other liabilitiesRs 54 Cr
Shares outstanding (crore)2.79
Ownership
Promoter holding68.67% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 26.11 is at the 93th percentile (median 4.30).
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 | INDOKEM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.7% | -2.8% | +1.1 pts |
| 1 month | -0.6% | -6.8% | +6.2 pts |
| 3 years | +410.5% | +14.2% | +396.4 pts |
| 5 years | +1505.6% | +27.9% | +1477.7 pts |
Red flags
F-score 2 of 8| look | Profit leans on other income Other income was 150% of pre-tax profit in 2026 |
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 ₹47 Cr +12.2% vs Jun 2025.
Net profit ₹1 Cr +52.9%.
Against our estimate for Jun 2026: sales +24.3%, profit +189.8% in line. Our estimate for Sep 2026: sales Rs 39 Cr, profit Rs 0 Cr (how).
Activity
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| Fine Organic Industries Ltd | 15,759 | 36.0 | 21.5 % |
| BASF India Ltd | 14,871 | 24.0 | 14.5 % |
| Privi Speciality Chemicals Ltd | 14,084 | 40.3 | 22.3 % |
| 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 % |
| Jubilant Ingrevia Ltd | 10,180 | 32.0 | 11.4 % |
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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.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Indokem Ltd?
Indokem Ltd (INDOKEM) has a market capitalisation of Rs 1,739 Cr. at the 2026-10-01 close.
What is the P/E ratio of Indokem Ltd?
Indokem Ltd trades at a P/E of 776 on trailing twelve-month profit, at the 2026-10-01 close.
What were Indokem Ltd's latest quarterly results?
In the Jun 2026 quarter, Indokem Ltd sales was Rs 47 Cr (+12.2% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Indokem Ltd?
The 52-week high is Rs 668.00 and the 52-week low is Rs 555.00.