Bodal Chemicals Ltd

NSE: BODALCHEM · Dyes And Pigments · sector

₹135.37NSE close 2026-10-26

Key numbers

Market cap₹1,705 cr

Price₹135.37

52w high / low₹208 / ₹43

P/E24.8xSector median 17.5x

P/B1.5xSector median 1.5x

Book value₹91.9

Dividend yield0.00%Sector median 0.44%

ROE6.1%Sector median 10.0%

ROCE8.0%Sector median 11.3%

OPM8.1%Sector median 10.2%

Debt / equity0.69xSector median 0.21x

EV/EBITDA13.6xSector median 10.8x

Interest cover2.1x

Current ratio1.20x

Sales growth 3y+8.5%Sector median +4.5%

Profit growth 3y+7.9%Sector median +7.9%

PEG3.17x

Last 12 months to Jun 2026, Consolidated. "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 ₹21 cr vs borrowings ₹800 cr (FY26): borrowings are higher by ₹779 cr.
Operating profit covered interest 2.1x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 1 of the last 5 years (FY22).
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 64% of net profit in the last 12 months.
Debtor days went from 100 (FY24) to 80 (FY26).
Dividend paid in 3 of the last 5 financial years.
Price ₹135.37 on 2026-10-26: -34.8% from the 52-week high, +216.2% 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 ₹195.08 · low ₹43.63

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	429	443	451	454	480	490	588	709
EBITDA	33	43	47	48	23	22	69	69
OPM %	7.6%	9.8%	10.5%	10.5%	4.8%	4.5%	11.7%	9.7%
Other income	5	2	2	4	20	15	3	6
Net profit	-0	5	14	10	6	0	32	30
EPS (₹)	-0.02	0.43	1.15	0.76	0.47	0.02	2.55	2.41
Revenue YoY					+12.1%	+10.4%	+30.4%	+56.1%
Profit YoY					–	-95.6%	+121.1%	+218.8%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	2,051	1,574	1,395	1,745	2,012	2,267
EBITDA	201	133	95	158	161	183
Net profit	108	38	6	18	48	69
EPS (₹)	8.79	3.03	0.51	1.47	3.80	5.45
Revenue growth		-23.2%	-11.4%	+25.1%	+15.3%	+27.6%
Profit growth		-64.7%	-83.0%	+185.9%	+158.5%	+135.1%
Dividend / share (₹)	0.80	0.80	0.10	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+8.5%	+10.4%	+27.6%
Net profit	+7.9%	+2.6%	+135.1%
EPS	+7.8%	+3.2%	–
Share price	–	+38.9% (2y)	+156.7%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	1,078	1,082	1,105	1,158
Borrowings	–	697	841	906	800
Cash & equivalents	–	19	46	36	21
Total assets	–	2,121	2,288	2,353	2,356
Fixed assets	–	952	1,300	1,284	1,215
Capital work in progress	–	193	68	61	67
Investments	–	0	0	0	0
Receivables	–	358	381	399	439
Inventory	–	293	267	337	324
Payables	–	189	195	236	247

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-14	285	204	114	176
Cash from investing	-170	-310	-262	-37	11
Cash from financing	181	33	64	-77	-191
Capex	159	338	245	46	36
Free cash flow	-173	-53	-41	67	140

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	3.5%	0.6%	1.7%	4.1%
ROCE %	–	5.2%	3.1%	5.0%	6.8%
Debtor days	–	83	100	83	80
Inventory days	–	118	139	139	106
Payable days	–	76	102	97	81
Cash conversion cycle (days)	–	125	137	125	105
Working capital days	–	53	31	27	27

Shareholding

Holder	% (2026-09-30)
Promoters	57.00%
FIIs	1.79%
DIIs	0.52%
of which Insurance	0.00%
Government	0.01%
Public (non-institutions)	40.69%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	57.32%	57.32%	57.32%	57.00%	57.00%	57.00%	57.00%	57.00%

Promoter group	%
Sureshbhai Jayantibhai Patel	29.47%
Bhavin Suresh Patel	8.33%
Ankitkumar Sureshbhai Patel	5.90%
Shakuntala J Patel	5.29%
Meenaben Sureshbhai Patel	4.15%
Rameshbhai Dahyabhai Patel	3.79%
Rakeshbhai Ravjibhai Patel	0.04%
Bansibhai Maganbhai Patel	0.03%

Public holders above 1%	%
Ashokkumar Giriraj Bansal	5.22%

60,997 shareholders. Pledged: 0.00% 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%

All 11 companies in Dyes And Pigments →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-20	Other	Annual General Meeting
2023-09-22	Dividend	Annual General Meeting/Dividend - Rs 0.10 Per Share
2022-09-22	Dividend	Annual General Meeting/Dividend - Rs 0.80 Per Share
2021-09-16	Dividend	Annual General Meeting/Dividend - Rs 0.80 Per Share
2020-08-13	Other	Annual General Meeting
2020-02-18	Dividend	Interim Dividend - Re 0.80 Per Share
2019-09-12	Dividend	Annual General Meeting/Dividend - Rs 0.80 Per Share
2018-09-06	Dividend	Annual General Meeting/Dividend Re 0.80 Per Share
2017-09-14	Dividend	Annual General Meeting/Dividend - Re 0.50 Per Share
2016-09-15	Other	Annual General Meeting
2016-08-11	Dividend	Interim Dividend - Re 0.30/- Per Share (Purpose Revised)
2016-03-17	Dividend	Interim Dividend - Re 0.40/- Per Share (Purpose Revised)
2015-08-20	Dividend	Annual General Meeting/ Interim Dividend - Re 0.20/- Per Share
2014-09-11	Other	Annual General Meeting
2013-09-20	Other	Annual General Meeting
2012-09-20	Other	Annual General Meeting
2011-09-22	Dividend	Dividend-Re.0.54 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Chemicals Manufacturing: Manufacturing and Sales of Chemicals


Sector	Commodities
Industry	Dyes And Pigments
Sub-industry	Dyes And Pigments
Symbol	BODALCHEM
BSE code	524370
ISIN	INE338D01028
Face value	₹2.0
Incorporated	1986-09-24
Website	https://www.bodal.com
Plants (India / abroad)	8 / 0

From the company's filings (BRSR FY26).

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.