Aksharchem India Limited
NSE: AKSHARCHEM · Dyes And Pigments · sector
₹387.35NSE close 2026-10-26
Key numbers
Market cap₹311 cr
Price₹387.35
52w high / low₹472 / ₹141
P/E10.8xSector median 17.5x
P/B1.1xSector median 1.5x
Book value₹361.1
Dividend yield0.22%Sector median 0.44%
ROE10.4%Sector median 10.0%
ROCE8.8%Sector median 11.3%
OPM10.6%Sector median 10.2%
Debt / equity0.36xSector median 0.21x
EV/EBITDA8.0xSector median 10.8x
Interest cover4.0x
Current ratio1.16x
Sales growth 3y+3.6%Sector median +4.5%
Profit growth 3y–Sector median +7.9%
PEG0.01x
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 11 companies in Dyes And Pigments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2 cr vs borrowings ₹108 cr (FY26): borrowings are higher by ₹107 cr.
- Borrowings rose in each of the last 3 years (₹25 cr → ₹108 cr).
- Operating profit covered interest 4.0x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 1% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹387.35 on 2026-10-26: -17.9% from the 52-week high, +174.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹429.90 · low ₹155.42
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 91 | 97 | 89 | 80 | 106 | 141 | 160 |
| EBITDA | 6 | 6 | 6 | 4 | 3 | 5 | 23 | 21 |
| OPM % | 7.0% | 6.9% | 6.6% | 4.5% | 3.7% | 5.0% | 16.1% | 13.1% |
| Other income | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 1 | 1 | 1 | -1 | -5 | 5 | 15 | 13 |
| EPS (₹) | 1.48 | 1.73 | 0.89 | -1.70 | -5.75 | 6.02 | 18.94 | 16.58 |
| Revenue YoY | -11.4% | +16.6% | +45.3% | +79.7% | ||||
| Profit YoY | -488.2% | +247.5% | +2,042.3% | – |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 380 | 335 | 302 | 346 | 372 | 488 |
| EBITDA | 32 | 15 | 2 | 25 | 19 | 52 |
| Net profit | 16 | -1 | -19 | 5 | -0 | 29 |
| EPS (₹) | 19.50 | -1.17 | -23.25 | 5.94 | -0.55 | 35.79 |
| Revenue growth | -12.0% | -9.7% | +14.6% | +7.6% | +32.6% | |
| Profit growth | -105.9% | – | – | -109.2% | +1,397.9% | |
| Dividend / share (₹) | 3.50 | 0.50 | 0.50 | 0.50 | 0.75 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.6% | +8.6% | +32.6% |
| Net profit | – | – | +1,397.9% |
| EPS | – | – | – |
| Share price | – | +12.1% (2y) | +43.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 278 | 259 | 264 | 262 |
| Borrowings | – | 25 | 52 | 67 | 108 |
| Cash & equivalents | – | 2 | 3 | 2 | 2 |
| Total assets | – | 365 | 380 | 415 | 452 |
| Fixed assets | – | 225 | 235 | 231 | 287 |
| Capital work in progress | – | 17 | 11 | 45 | 8 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 36 | 47 | 41 | 62 |
| Inventory | – | 59 | 65 | 70 | 73 |
| Payables | – | 38 | 44 | 57 | 54 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 4 | 38 | -7 | 35 | 2 |
| Cash from investing | -24 | -8 | -16 | -44 | -36 |
| Cash from financing | 18 | -30 | 23 | 9 | 34 |
| Capex | 25 | 9 | 17 | 44 | 36 |
| Free cash flow | -21 | 29 | -23 | -9 | -34 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -0.3% | -7.2% | 1.8% | -0.2% |
| ROCE % | – | 0.9% | -3.8% | 3.4% | 0.6% |
| Debtor days | – | 39 | 57 | 43 | 61 |
| Inventory days | – | 99 | 131 | 130 | 119 |
| Payable days | – | 64 | 88 | 106 | 88 |
| Cash conversion cycle (days) | – | 74 | 100 | 67 | 92 |
| Working capital days | – | 71 | 58 | 20 | -2 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.70% |
| FIIs | 0.01% |
| DIIs | 0.06% |
| of which Mutual funds | 0.06% |
| Public (non-institutions) | 37.24% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.70% | 62.70% | 62.70% | 62.70% | 62.70% | 62.70% | 62.70% | 62.70% |
| Promoter group | % |
|---|---|
| Mrugesh Jaykrishna Family Trust - 2 | 38.87% |
| Munjal M. Jaykrishna Family Trust | 19.87% |
| Chelsea Marketing LLP | 3.95% |
| Skyjet Aviation Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 2.55% |
| Tarak V Vora | 2.33% |
| Dic Corporation | 2.07% |
| Pravinaben Vora | 1.55% |
| Pradeep Satishchandra Chona | 1.17% |
10,567 shareholders. Pledged: – of promoter shares.
Peers in Dyes And Pigments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUDARSCHEM | ₹8,180 cr | 113.1x | 2.4x | 2.1% | 6.4% | 6.3% | +62.0% | 0.44% |
| KIRIINDUS | ₹3,097 cr | 0.5x | 0.5x | 120.8% | 93.8% | 599.3% | -3.9% | – |
| BODALCHEM | ₹1,705 cr | 24.8x | 1.5x | 6.1% | 8.0% | 8.1% | +8.5% | 0.00% |
| SHREEPUSHK | ₹1,587 cr | 22.0x | 2.6x | 12.6% | 12.6% | 10.2% | +12.6% | 0.41% |
| BHAGERIA | ₹1,483 cr | 21.5x | 2.5x | 11.9% | 13.9% | 11.5% | +20.3% | 0.45% |
| ULTRAMAR | ₹1,078 cr | 11.7x | 1.2x | 10.0% | 13.3% | 16.9% | +12.7% | 1.63% |
| SUDARCOLOR | ₹814 cr | 17.0x | 1.4x | 8.7% | 11.3% | 6.8% | +0.6% | – |
| ASAHISONG | ₹408 cr | 11.7x | 1.5x | 13.2% | 14.2% | 12.4% | +2.0% | 0.44% |
| AKSHARCHEM | ₹311 cr | 10.8x | 1.1x | 10.4% | 8.8% | 10.6% | +3.6% | 0.22% |
| PODDARMENT | ₹267 cr | 17.5x | 0.8x | 4.3% | 6.2% | 6.0% | +3.2% | 1.59% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-15 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-09-04 | Dividend | Dividend - Re 0.75 Per Share |
| 2024-09-23 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2023-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2022-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2021-11-11 | Buyback | Buyback |
| 2021-09-20 | Dividend | Annual General Meeting/ Dividend Rs 3.5 Per Share |
| 2020-09-22 | Other | Annual General Meeting |
| 2020-03-20 | Dividend | Interim Dividend - Rs 3.5 Per Share |
| 2019-09-20 | Dividend | Annual General Meeting/Dividend - Rs 3.5 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend- Rs 3.50 Per Share |
| 2017-09-06 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Dyes And Pigments |
| Sub-industry | Dyes And Pigments |
| Symbol | AKSHARCHEM |
| BSE code | 524598 |
| ISIN | INE542B01011 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.