Bodal Chemicals Ltd.

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bodal.comBSE: 524370NSE: BODALCHEM

Market Cap₹ 2,204 Cr.

Current Price

High / Low₹ 190 / 43

Stock P/E32.1

Book Value₹ 94

Price to Book0.67

Dividend Yield0.00 %

ROCE5.1 %

ROE1.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2013 • Dyes, Dyes Intermediates and Basic Chemicals: 98.9% • Others: 1.1%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Latest quarter profit grew 218.7% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 9.65x)

CONS

A large part of profit comes from other income (61.0% of PBT)
Company has a low return on equity of 2.0% over last 3 years
Company has a low return on capital employed of 4.4%
Interest coverage is weak at 1.2x - earnings barely cover interest
Company has delivered a poor profit growth of -26.5% over past five years
Effective tax rate is unusually low at 4.2% - earnings may be flattered

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsDyes & Pigments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUDARSCHEM	1261.75	138.75	10045.59	0.40	103.40	88.00	2642.10	5.39	5.99	10.29
2.	KIRIINDUS	550.35	0.61	3586.52	0.00	290.70	186.82	312.36	54.54	110.39	11.71
3.	BODALCHEM	175.00	32.09	2204.02	0.00	30.38	218.67	709.04	56.11	5.06	9.72
4.	VIDHIING	349.05	32.74	1743.33	0.86	17.12	34.74	146.28	66.42	18.83	17.78
5.	SHREEPUSHK	501.95	22.52	1623.19	0.42	22.93	9.40	280.07	10.04	11.81	11.40
6.	ULTRAMAR	427.40	13.54	1248.01	1.40	31.59	56.46	239.96	30.14	11.10	18.95
7.	SUDARCOLOR	380.05	2.88	877.22	0.00	20.36	19.13	222.39	5.54	11.00	11.51
8.	PODDARMENT	295.90	20.60	313.95	1.35	46.47	1015.73	901.30	887.64	5.83	5.95
9.	DYNPRO	235.20	14.38	292.32	0.64	5.19	7.92	86.43	-6.99	11.27	14.60
10.	HPIL	121.00	89.02	138.23	0.00	0.25	-86.19	26.76	-38.75	6.36	2.88
11.	ISHANCH	44.45	0.00	121.37	0.00	0.15	-48.33	41.48	154.63	4.08	8.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	332	330	339	394	422	432	443	451	454	480	490	588	709
	310	307	315	368	388	396	399	404	407	457	468	519	676
Operating Profit	22	23	24	25	34	36	44	47	48	23	22	69	33
OPM %	6.68%	7.12%	7.05%	6.38%	8.16%	8.37%	10.03%	10.48%	10.48%	4.78%	4.50%	11.66%	4.65%
	9	6	5	5	2	2	1	2	4	20	15	3	6
Interest	13	13	12	16	21	20	20	21	22	20	19	18	19
Depreciation	15	14	15	17	17	17	17	17	18	17	17	17	17
Profit before Tax	3	2	2	-2	-1	1	8	12	13	6	0	36	39
Tax %	30.82%	26.19%	49.21%	199.03%	18.62%	124.24%	33.74%	-25.09%	23.88%	-7.93%	-4.17%	11.12%	22.34%
Net Profit	0	0	0	0	-1	-0	5	15	10	6	0	32	30
	0.18	0.09	0.08	0.16	-0.09	-0.02	0.43	1.15	0.76	0.47	0.02	2.55	2.41

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	910	1,234	1,142	1,424	1,375	1,226	2,055	1,574	1,395	1,745	2,267
	760	1,008	948	1,187	1,237	1,140	1,835	1,441	1,300	1,586	2,121
Operating Profit	150	226	194	236	138	87	220	133	94	159	147
OPM %	16.46%	18.31%	17.02%	16.59%	10.01%	7.06%	10.69%	8.47%	6.77%	9.10%	6.46%
	19	15	9	13	10	16	-2	12	25	11	44
Interest	12	9	5	9	19	17	29	41	54	82	76
Depreciation	26	29	12	21	28	30	47	53	60	69	70
Profit before Tax	131	204	186	219	101	55	142	51	5	19	81
Tax %	34.12%	34.78%	33.19%	35.13%	14.51%	28.20%	30.54%	25.18%	-36.85%	4.18%	15.19%
Net Profit	86	133	125	142	86	40	99	38	6	19	69
EPS	7.88	12.18	10.62	11.54	7.13	3.24	8.30	3.03	0.51	1.47	—
Dividend Payout %	7.61%	6.57%	7.98%	6.83%	11.23%	23.31%	9.40%	3.30%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 5%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: -15%
5 Years:: -27%
3 Years:: -44%

STOCK PRICE CAGR

10 Years:: 4%
5 Years:: 8%
3 Years:: 23%
1 Year:: 153%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 4%
3 Years:: 2%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	22	22	24	24	24	24	24	25	25	25
Minority Interest	0	2	1	1	7	5	0	0	0	0
	213	341	672	803	863	955	1,027	1,051	1,056	1,080
	143	149	181	171	257	454	676	760	808	796
Trade Payables	105	159	152	222	210	222	255	178	195	236
	28	34	41	68	95	89	131	107	196	203
Total Liabilities	510	707	1,072	1,290	1,455	1,749	2,113	2,120	2,281	2,339
	192	222	437	609	656	804	817	967	1,314	1,301
Capital Work in Progress	0	9	19	26	7	14	70	193	68	61
	2	17	17	6	3	6	0	0	13	0
	90	131	113	208	219	307	445	293	267	337
	0	0	0	0	0	0	0	0	381	399
Cash & Bank	4	17	6	10	20	16	15	19	33	36
	222	311	480	433	551	600	767	648	205	205
Total Assets	510	707	1,072	1,290	1,455	1,749	2,113	2,120	2,281	2,339

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	167	173	66	250	27	-3	25	297	204	114
Cash from Investing	-23	-68	-256	-128	-81	-168	-170	-310	-262	-37
Cash from Financing	-109	-23	236	-51	76	178	181	33	81	-73
	-1	13	-13	7	5	-3	-3	12	24	3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
57.32	57.32	57.32	57.32	57.00	57.00	57.00	57.00
0.67	0.32	0.32	0.81	0.29	0.32	0.15	0.02
0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
41.99	42.35	42.35	41.86	42.71	42.68	42.84	42.97

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Bodal Chemicals Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-01

Price movement

2026-09-01 - Significant movement in price has been observed in Bodal Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Bodal Chemicals Limited has submitted their response.

2026-08-31

Price movement

2026-08-31 - Significant movement in price has been observed in Bodal Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-31

Shareholders meeting

2026-08-31 - Bodal Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Bodal Chemicals Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-17

General Updates

2026-08-17 - Bodal Chemicals Limited has informed the Exchange about General Updates

2026-08-17

Record Date

2026-08-17 - Bodal Chemicals Limited has informed the Exchange that Record date for the purpose of Meeting is 18-Sep-2026.

2026-08-07

Copy of Newspaper Publication

2026-08-07 - Bodal Chemicals Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-05

Investor Presentation

2026-08-05 - Bodal Chemicals Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for BODALCHEM

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