Ishan Dyes N Chemicals L
NSE: ISHANCH · Specialty Chemicals · sector
₹46.79NSE close 2026-10-26
Key numbers
Market cap₹128 cr
Price₹46.79
52w high / low₹76 / ₹42
P/E–Sector median 22.6x
P/B0.9xSector median 2.6x
Book value₹52.1
Dividend yield–Sector median 0.60%
ROE-5.9%Sector median 10.6%
ROCE1.3%Sector median 12.9%
OPM5.3%Sector median 12.1%
Debt / equity0.64xSector median 0.18x
EV/EBITDA41.3xSector median 15.1x
Interest cover0.4x
Current ratio1.09x
Sales growth 3y–Sector median +5.0%
Profit growth 3y–Sector median +0.9%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹0 cr vs borrowings ₹90 cr (FY26): borrowings are higher by ₹90 cr.
- Operating profit covered interest 0.4x in the last 12 months.
- Promoter holding rose by 2.67 percentage points in a year, to 40.15% (2026-09-30).
- Net loss in 3 of the last 6 quarters.
- No dividend in the last 2 financial years.
- Price ₹46.79 on 2026-10-26: -38.8% from the 52-week high, +12.2% 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 ₹80.44 · low ₹36.62
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 17 | 16 | 7 | 19 | 32 | 41 |
| EBITDA | 0 | 2 | -2 | -2 | 6 | 3 |
| OPM % | 1.8% | 11.2% | -24.9% | -10.6% | 17.6% | 8.1% |
| Other income | 1 | 0 | 0 | 1 | 2 | 1 |
| Net profit | -1 | 0 | -4 | -5 | 1 | 0 |
| EPS (₹) | -0.55 | 0.14 | -1.68 | -2.01 | 1.12 | 0.06 |
| Revenue YoY | +89.8% | +154.6% | ||||
| Profit YoY | – | -50.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 101 | 73 | 99 |
| EBITDA | 7 | 4 | 5 |
| Net profit | 1 | -7 | -7 |
| EPS (₹) | 0.52 | -6.00 | -2.51 |
| Revenue growth | -27.6% | – | |
| Profit growth | -752.3% | – | |
| Dividend / share (₹) | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | -38.0% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 104 | 142 |
| Borrowings | 92 | 90 |
| Cash & equivalents | 0 | 0 |
| Total assets | 222 | 256 |
| Fixed assets | 62 | 163 |
| Capital work in progress | 71 | 4 |
| Investments | 0 | 0 |
| Receivables | 12 | 4 |
| Inventory | 36 | 34 |
| Payables | 20 | 6 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 12 | 9 |
| Cash from investing | -39 | -45 |
| Cash from financing | 28 | 36 |
| Capex | 42 | 39 |
| Free cash flow | -31 | -31 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 1.0% | -5.0% |
| ROCE % | 3.7% | 0.9% |
| Debtor days | 43 | 19 |
| Inventory days | 206 | 242 |
| Payable days | 116 | 40 |
| Cash conversion cycle (days) | 133 | 221 |
| Working capital days | -1 | 36 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 40.15% |
| Public (non-institutions) | 59.85% |
| Quarter | Sep 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 37.48% | 37.48% | 37.48% | 38.48% | 40.15% | 40.15% | 40.15% | 40.15% |
| Promoter group | % |
|---|---|
| Anilaben Piyushbhai Patel | 10.86% |
| Piyushbhai N Patel | 10.11% |
| Mirali Hemantbhai Patel | 9.77% |
| Shrinal P Patel | 8.85% |
| Marutbhai Dineshchandra Patel | 0.56% |
| Public holders above 1% | % |
|---|---|
| Riya Vinodchandra Pandiya | 4.65% |
| Rakesh Ramanlal Shah | 2.75% |
| Shaishav Rakeshbhai Shah | 2.75% |
| Standard Greases and Specialities Private Limited | 2.52% |
| Sanjeev Umedmal Dugar | 1.48% |
| Patel NIKUL KUMAR | 1.21% |
| JAY Kanakrai Bhatt | 1.16% |
| Arhaa Holdings | 1.11% |
| Dipak Kanayalal Shah | 1.01% |
8,578 shareholders. Pledged: – of promoter shares.
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| ISHANCH | ₹128 cr | – | 0.9x | -5.9% | 1.3% | 5.3% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2021-04-29 | Dividend | Interim Dividend Rs 1.25 |
| 2020-08-27 | Dividend | Final Dividend Rs 1.0 |
| 2018-03-08 | Dividend | Interim Dividend Rs 0.75 |
| 2016-09-20 | Dividend | Dividend Rs 0.5 |
| 2002-09-06 | Dividend | NIL Dividend |
Documents
- Annual report FY26
- Annual report FY25
- 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 | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | ISHANCH |
| BSE code | 531109 |
| ISIN | INE561M01018 |
| 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.