Ishan Dyes and Chemicals Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDChemicals
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.
PROS
- Working capital cycle has improved - days down from 136 to -1
CONS
- A large part of profit comes from other income (141.5% of PBT)
- Company has a low return on equity of -0.1% over last 3 years
- Company has a low return on capital employed of 2.2%
- Promoter holding has decreased over last 2 years: -7.0pp
- Interest coverage is weak at 1.4x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUDARSCHEM | 1261.75 | 138.75 | 10045.59 | 0.40 | 103.40 | 88.00 | 2642.10 | 5.39 | 5.99 | 10.29 |
| KIRIINDUS | 550.35 | 0.61 | 3586.52 | 0.00 | 290.70 | 186.82 | 312.36 | 54.54 | 110.39 | 11.71 |
| BODALCHEM | 175.00 | 32.09 | 2204.02 | 0.00 | 30.38 | 218.67 | 709.04 | 56.11 | 5.06 | 9.72 |
| VIDHIING | 349.05 | 32.74 | 1743.33 | 0.86 | 17.12 | 34.74 | 146.28 | 66.42 | 18.83 | 17.78 |
| SHREEPUSHK | 501.95 | 22.52 | 1623.19 | 0.42 | 22.93 | 9.40 | 280.07 | 10.04 | 11.81 | 11.40 |
| ULTRAMAR | 427.40 | 13.54 | 1248.01 | 1.40 | 31.59 | 56.46 | 239.96 | 30.14 | 11.10 | 18.95 |
| SUDARCOLOR | 380.05 | 2.88 | 877.22 | 0.00 | 20.36 | 19.13 | 222.39 | 5.54 | 11.00 | 11.51 |
| PODDARMENT | 295.90 | 20.60 | 313.95 | 1.35 | 46.47 | 1015.73 | 901.30 | 887.64 | 5.83 | 5.95 |
| DYNPRO | 235.20 | 14.38 | 292.32 | 0.64 | 5.19 | 7.92 | 86.43 | -6.99 | 11.27 | 14.60 |
| HPIL | 121.00 | 89.02 | 138.23 | 0.00 | 0.25 | -86.19 | 26.76 | -38.75 | 6.36 | 2.88 |
| ISHANCH | 44.45 | 0.00 | 121.37 | 0.00 | 0.15 | -48.33 | 41.48 | 154.63 | 4.08 | 8.10 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12 | 24 | 15 | 27 | 33 | 31 | 21 | 17 | 16 | 7 | 19 | 32 | 41 | |
| 13 | 23 | 15 | 22 | 31 | 28 | 19 | 16 | 14 | 8 | 21 | 26 | 43 | |
| Operating Profit | -1 | 1 | -1 | 4 | 2 | 2 | 2 | 0 | 2 | -2 | -2 | 6 | -1 |
| OPM % | -9.39% | 2.97% | -5.64% | 16.91% | 5.85% | 7.78% | 9.96% | 1.79% | 11.23% | -25.07% | -10.59% | 17.57% | -2.85% |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 2 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 3 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before Tax | -2 | -0 | -1 | 4 | 1 | 1 | 1 | -1 | 0 | -4 | -4 | 2 | 0 |
| Tax % | -2.89% | -433.33% | -15.75% | -3.94% | 3.30% | 2.94% | 92.54% | -41.46% | 24.39% | 2.42% | -30.92% | 38.14% | 14.84% |
| Net Profit | -2 | -0 | -1 | 4 | 1 | 1 | 0 | -1 | 0 | -4 | -5 | 1 | 0 |
| -0.85 | -0.15 | -0.70 | 1.76 | 0.42 | 0.63 | 0.02 | -0.55 | 0.14 | -1.68 | -2.01 | 0.56 | 0.06 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 61 | 67 | 72 | 67 | 80 | 82 | 87 | 65 | 77 | 101 | 99 | |
| 55 | 56 | 66 | 59 | 69 | 64 | 72 | 64 | 73 | 95 | 98 | |
| Operating Profit | 6 | 11 | 6 | 8 | 11 | 18 | 15 | 1 | 3 | 7 | 1 |
| OPM % | 10.34% | 16.55% | 8.28% | 11.46% | 13.24% | 21.69% | 17.33% | 1.75% | 4.22% | 6.62% | 0.74% |
| 1 | 1 | 2 | 1 | 2 | 2 | 3 | 2 | 3 | 3 | 4 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 5 | 8 |
| Depreciation | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 2 | 6 |
| Profit before Tax | 5 | 10 | 6 | 7 | 10 | 17 | 14 | -1 | 0 | 2 | -5 |
| Tax % | 25.50% | 42.99% | 43.22% | 34.36% | 19.81% | 25.64% | 26.52% | 2.15% | 75.82% | 48.79% | -40.03% |
| Net Profit | 4 | 6 | 3 | 4 | 8 | 13 | 10 | -1 | 0 | 1 | -7 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 5.82 | 7.97 | 5.60 | -0.65 | 0.06 | 0.52 | — |
| Dividend Payout % | 9.67% | 10.06% | 25.12% | 0.00% | 19.45% | 15.58% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 5%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -7%
- 5 Years:
- -33%
- 3 Years:
- -52%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -27%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 7%
- 3 Years:
- 0%
- Last Year:
- 1%
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 | 8 | 11 | 11 | 11 | 16 | 16 | 17 | 21 | 21 | 21 |
| 14 | 15 | 18 | 22 | 38 | 49 | 63 | 82 | 82 | 83 | |
| 7 | 6 | 8 | 11 | 2 | 9 | 19 | 22 | 54 | 84 | |
| Trade Payables | 4 | 5 | 8 | 7 | 6 | 11 | 6 | 3 | 13 | 20 |
| 3 | 6 | 4 | 5 | 6 | 9 | 13 | 3 | 9 | 14 | |
| Total Liabilities | 36 | 44 | 49 | 56 | 68 | 94 | 117 | 131 | 179 | 222 |
| 13 | 12 | 20 | 26 | 29 | 31 | 37 | 62 | 64 | 62 | |
| Capital Work in Progress | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 29 | 71 |
| 4 | 12 | 6 | 9 | 9 | 14 | 23 | 23 | 26 | 36 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 12 | |
| Cash & Bank | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| 18 | 19 | 22 | 20 | 29 | 49 | 57 | 45 | 35 | 41 | |
| Total Assets | 36 | 44 | 49 | 56 | 68 | 94 | 117 | 131 | 179 | 222 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 5 | 9 | 6 | 5 | 2 | -5 | 20 | -9 | 12 | |
| Cash from Investing | -2 | -2 | -8 | -7 | -5 | -3 | -8 | -41 | -25 | -39 |
| Cash from Financing | 3 | -2 | 0 | 2 | 3 | 5 | 16 | 20 | 34 | 28 |
| 0 | 0 | -0 | -0 | 1 | -1 | -0 | 0 | -0 | -0 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Ishan Dyes and Chemicals Limited has informed the Exchange about Copy of Newspaper Publication dated 04 September, 2026
2026-09-03 - Ishan Dyes and Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-08-22 - Ishan Dyes and Chemicals Limited has informed the Exchange about Copy of Newspaper Publication in respect of information regarding 33rd AGM of the Company.
2026-08-17 - Ishan Dyes and Chemicals Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Ishan Dyes and Chemicals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31 - Ishan Dyes and Chemicals Limited has informed the Exchange about Commencement of Work for Four Additional Sulphur-Based Products in the Sulphuric Acid Unit.
2026-07-27 - Ishan Dyes and Chemicals Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended 30th June 2026.
2026-07-01 - Ishan Dyes and Chemicals Limited has informed the Exchange about General Updates - Proposal For Exclusive Dealership For Suplur Based Products.
2026-06-25 - The Exchange had sought clarification from Ishan Dyes and Chemicals Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
News
Recent coverage and analyst commentary for ISHANCH
Loading news…
AI Stock Analyst
Ishan Dyes and Chemicals Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account