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 | 21.02 | 20.71 | 22.18 | 25.19 | 24.86 | 24.01 | 26.13 | 24.29 | 25.53 | 25.27 | 26.13 | 28.39 |
| Expenses | 15.16 | 14.63 | 14.33 | 16.98 | 16.06 | 15.65 | 18.38 | 16.32 | 16.88 | 17.24 | 16.61 | 19.40 |
| Operating Profit | 5.86 | 6.08 | 7.85 | 8.21 | 8.80 | 8.36 | 7.75 | 7.97 | 8.65 | 8.03 | 9.52 | 8.99 |
| OPM % | 27.88% | 29.36% | 35.39% | 32.59% | 35.40% | 34.82% | 29.66% | 32.81% | 33.88% | 31.78% | 36.43% | 31.67% |
| Other Income | 0.49 | 0.02 | 0.83 | 0.43 | 0.36 | 0.82 | 0.91 | 0.87 | 1.04 | 1.13 | 2.15 | 1.30 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 | 0.03 |
| Depreciation | 0.38 | 0.30 | 0.29 | 0.33 | 0.34 | 0.36 | 0.35 | 0.40 | 0.47 | 0.52 | 0.66 | 0.45 |
| Profit before tax | 5.97 | 5.80 | 8.39 | 8.31 | 8.82 | 8.82 | 8.31 | 8.44 | 9.18 | 8.60 | 10.97 | 9.81 |
| Tax % | 27.14% | 18.28% | 29.92% | 25.99% | 26.64% | 26.08% | 24.07% | 25.71% | 27.23% | 23.37% | 26.98% | 25.59% |
| Net Profit | 4.35 | 4.74 | 5.88 | 6.15 | 6.47 | 6.53 | 6.32 | 6.28 | 6.68 | 6.59 | 8.00 | 7.30 |
| EPS in Rs | 1.17 | 1.28 | 1.58 | 1.66 | 1.74 | 1.76 | 1.70 | 1.69 | 1.80 | 1.78 | 2.16 | 1.97 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 50 | 62 | 82 | 96 | 90 | 100 | 101 | 105 |
| Expenses | 39 | 48 | 63 | 74 | 62 | 67 | 67 | 70 |
| Operating Profit | 12 | 15 | 20 | 22 | 28 | 33 | 34 | 35 |
| OPM % | 23% | 24% | 24% | 23% | 32% | 33% | 34% | 33% |
| Other Income | 1 | 1 | 1 | 2 | 2 | 3 | 5 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Profit before tax | 12 | 13 | 18 | 22 | 29 | 34 | 37 | 39 |
| Tax % | 27% | 26% | 26% | 26% | 25% | 26% | 26% | |
| Net Profit | 9 | 10 | 14 | 16 | 21 | 25 | 28 | 29 |
| EPS in Rs | 343.60 | 403.73 | 565.56 | 4.42 | 5.75 | 6.86 | 7.45 | 7.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 9% | 7% | 7% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 10% | 2% | 6% | ||
| Compounded Profit Growth | % | 23% | 19% | 12% | ||
| Stock Price CAGR | % | % | % | 35% | ||
| Return on Equity | % | 33% | 31% | 27% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.24 | 0.24 | 37 | 37 | 37 | 37 |
| Reserves | 23 | 27 | 40 | 8 | 29 | 53 | 79 |
| Borrowings | 0 | 4 | 3 | 0 | 0 | 0 | 2 |
| Other Liabilities | 11 | 7 | 13 | 9 | 8 | 9 | 10 |
| Total Liabilities | 34 | 38 | 57 | 54 | 74 | 99 | 128 |
| Fixed Assets | 6 | 9 | 11 | 16 | 26 | 28 | 29 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 29 | 28 | 45 | 38 | 47 | 70 | 98 |
| Total Assets | 34 | 38 | 57 | 54 | 74 | 99 | 128 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4 | 11 | 9 | 20 | 17 | 31 | 24 |
| Cash from Investing Activity | -4 | -3 | -8 | -7 | -17 | -28 | -24 |
| Cash from Financing Activity | -0 | -7 | -1 | -13 | 0 | -2 | -0 |
| Net Cash Flow | 0 | 1 | 1 | -0 | 0 | 0 | -0 |
| Free Cash Flow | 3 | 10 | 5 | 11 | 5 | 28 | 21 |
| CFO/OP | 65% | 100% | 70% | 117% | 87% | 120% | 98% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 110 | 90 | 114 | 71 | 72 | 72 | 76 |
| Inventory Days | 70 | 58 | 58 | 61 | 74 | 47 | 66 |
| Days Payable | 102 | 69 | 89 | 52 | 51 | 54 | 52 |
| Cash Conversion Cycle | 78 | 79 | 84 | 80 | 94 | 66 | 90 |
| Working Capital Days | 100 | 95 | 122 | 83 | 143 | 65 | 71 |
| ROCE % | 50% | 51% | 50% | 52% | 44% | 36% |
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.21% | 74.21% | 74.21% | 74.21% | 74.21% | 74.21% | 74.21% | 74.21% | 74.21% |
| FIIs | 1.56% | 0.56% | 0.49% | 0.05% | 0.03% | 0.03% | 0.05% | 0.08% | 0.04% |
| DIIs | 4.34% | 2.57% | 2.20% | 2.20% | 1.71% | 1.93% | 2.00% | 2.05% | 2.07% |
| Public | 19.89% | 22.66% | 23.10% | 23.54% | 24.04% | 23.84% | 23.74% | 23.66% | 23.68% |
| No. of Shareholders | 32,604 | 39,792 | 38,489 | 37,922 | 37,569 | 35,780 | 34,608 | 33,469 | 32,479 |
Fundamentals
Market Cap₹ 810 Cr.
Current Price₹ 217
Stock P/E28.3
Book Value₹ 31.3
ROCE36.0 %
ROE26.8 %
Dividend Yield0.23 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)12%
Standalone figures.
Valuation
Market capRs 763 Cr
Enterprise valueRs 760 Cr
P/E (TTM)26.72x
Price to book17.06x
Price to sales7.25x
EV / EBITDA18.62x
EV / EBIT19.63x
EV / sales7.22x
Price to cash flow38.81x
Earnings yield3.74%
Profitability
Operating margin (excl. other income)22.71%
Operating margin (incl. other income)24.72%
EBITDA margin38.75%
Pre-tax margin36.61%
Net profit margin27.13%
Net margin, latest quarter25.71%
ROE38.54%
ROCE50.03%
ROA29.59%
ROE, 3-year average39.31%
ROCE, 3-year average50.40%
ROA, 3-year average28.51%
ROIC (approx.)69.93%
Tax rate25.59%
Other income / net worth4.29%
Growth
Sales growth (latest year)16.21%
Profit growth (latest year)20.32%
Sales CAGR, 3 years23.73%
Profit CAGR, 3 years24.06%
Sales growth QoQ8.65%
Profit growth QoQ-8.75%
Sales growth YoY (latest quarter)16.88%
Profit growth YoY (latest quarter)16.24%
Per share
EPS (TTM)Rs 7.70
EPS (latest year)Rs 4.42
EPS (latest quarter)Rs 1.97
EPS, 3-year averageRs 324.57
Book value per shareRs 12.06
Sales per shareRs 28.39
Cash flow per shareRs 5.30
Free cash flow per shareRs 5.66
Efficiency
Asset turnover1.77x
Fixed asset turnover6.01x
Inventory turnover6.59x
Inventory days55 days
Debtor days71 days
Debtors turnover5.15x
Creditor days52 days
Cash conversion cycle90 days
Working capital days71 days
Leverage
Cash and bankRs 4 Cr
Net debtRs -4 Cr
Net debt / EBITDA-0.09x
Interest coverage258.07x
Current ratio (filing 2026-03-31)7.60x
Quick ratio (filing 2026-03-31)6.80x
Trade payables (filing 2026-03-31)Rs 7 Cr
Owners' fund to total sources82.81%
Cash flow
Cash from Operating Activity (latest year)Rs 20 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs -13 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 21 Cr
Cash from ops / profit, 5 years0.97x
Sales to cash flow4.86x
Statement figures
Net sales (TTM)Rs 105 Cr
Net sales (latest year)Rs 96 Cr
Sales (latest quarter)Rs 28 Cr
Operating profit excl. other income (latest year)Rs 22 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 41 Cr
PBDT (TTM)Rs 41 Cr
Profit before tax (TTM)Rs 39 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 29 Cr
Net profit (latest year)Rs 16 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 60 Cr
Total expenditure (latest year)Rs 74 Cr
Total income (latest year)Rs 98 Cr
Share capitalRs 37 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 45 Cr
Total assetsRs 54 Cr
Net blockRs 16 Cr
InvestmentsRs 0 Cr
ReceivablesRs 19 Cr
InventoryRs 9 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)3.71
Ownership
Promoter holding74.21% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 26.7 is at the 62th percentile of its own 2.4-year range
(median 23.2, low 13.9, high 80.2).
P/B 17.06 is at the 48th percentile (median 17.06).
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 | KRONOX | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.6% | -2.8% | +7.4 pts |
| 1 month | +13.6% | -6.8% | +20.4 pts |
| 3 months | +30.3% | -7.6% | +37.9 pts |
| 6 months | +112.1% | +0.4% | +111.7 pts |
| 1 year | +26.2% | -9.9% | +36.1 pts |
| 2 years | +16.4% | -13.6% | +29.9 pts |
Red flags
F-score 6 of 8| explain | Share dilution Share count up 18450% in a year, 18450% in three |
| look | On NSE surveillance On NSE surveillance: ESM |
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 ₹28 Cr +16.9% vs Jun 2025.
Net profit ₹7 Cr +16.2%.
Activity
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|---|---|---|---|
| Pidilite Industries Ltd | 148,809 | 56.2 | 31.0 % |
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| Atul Ltd | 17,614 | 22.1 | 14.9 % |
| Aarti Industries Ltd | 17,045 | 32.6 | 6.86 % |
| 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 % |
| Alkyl Amines Chemicals Ltd | 9,111 | 40.5 | 16.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-09 | Dividend - Re 0.50 Per Share | |
| 2025-08-08 | Dividend - Rs 0.50 Per Share | |
| 2024-08-23 | Annual General Meeting/Dividend - Re 0.50 Per Share |
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Updates | Disclosure under Regulation 7(2) of SEBI PIT Regulations, 2015 - Information and update.. |
| 2026-09-30 | Resignation | Resignation of Director/KMP/SMP |
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.
ESM: stage 1