AKSHARCHEMCommodities

AksharChem India Limited

Dyes And Pigments · ISIN INE542B01011 · BSE 524598 · NSE BE · FV ₹10
Last price
₹363
-2.45%today
What this company does

AksharChem India Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹160 cr of revenue in its latest quarter (Q2 FY27) and kept 8.3% of sales as profit. It is the 8th largest of 9 Dyes And Pigments companies we track, by market value.

In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 119–176 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet44

How much it owes, and whether earnings cover the interest

Cash quality59

Whether reported profit actually arrives as cash

Growth & consistency65

Whether sales and profit have grown, and how steadily

Valuation77

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 80% vs last year
✓ Promoters hold 63%
✓ No promoter shares pledged
✓ Strong 18% return on equity
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in AKSHARCHEM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹363▼ -2.45%
latest close · 2026-11-04
1-year return
-28.5%
52-wk low ₹22452-wk high ₹573
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio5.5Low
LowAverageHigh
P/B ratio1.00Moderate
Below bookModerateHigh
EV / EBITDA4.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.4%Strong
WeakFairStrong ▸15%
Return on capital20.3%Strong
WeakFairStrong
Net margin8.3%Decent
ThinDecentStrong
EBITDA margin13.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.36Comfortable
LowModerateHigh ▸1
Interest cover6.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.16Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹291 cr
Book value
₹361
EPS
₹16.58
latest quarter
Net debt
₹104 cr
owes more than its cash
Enterprise value
₹395 cr
EBITDA
₹84 cr
annualised
EBIT
₹66 cr
annualised
Operating margin
10.3%
Return on assets
10.7%
Earnings yield
18.28%
P/S
0.45
Sales / share
₹799.1
Tax rate
5.4%
Face value
₹10
Shares
0.8 cr
Working capital
₹28 cr
Current assets
₹202 cr
Current liabilities
₹173 cr
Delivery %
52.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹84–₹104, midpoint ₹94

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹160 cr
Other Income₹3.4 L
Total Income₹161 cr
Cost of Materials₹84 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹10 cr
Employee Benefit Expense₹4 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹37 cr
Total Expenses₹146 cr
Profit before Tax₹14 cr
Tax Expense₹76.4 L
Net Profit₹13 cr
Net margin on total income8.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹98 cr60.8%
Employee benefit expense₹4 cr2.8%
Finance costs₹2 cr1.5%
Depreciation & amortisation₹4 cr2.8%
Other expenses₹37 cr23.3%
Tax expense₹76.4 L0.5%
Profit for the period₹13 cr8.3%
Total income ₹161 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue106 cr141 cr160 cr
Total income106 cr141 cr161 cr
Expenses107 cr125 cr146 cr
Profit before tax-1 cr16 cr14 cr
Tax-6 cr73.6 L76.4 L
Net profit (owners' share)5 cr15 cr13 cr
Net margin (owners' share, on revenue)4.6%10.8%8.3%
EPS (₹)6.0218.9416.58
YoY (latest quarter): total income +79.7% · net profit —
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹500 cr
Shareholder equity
₹290 cr
parent shareholders
Total debt
₹104 cr
Cash
₹17 L
Cash flow · H1 FY27
Operating
₹16 cr
Investing
₹-6 cr
Financing
₹-10 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,077₹8,560 cr21.9
Kiri Industries Limited₹523₹3,411 cr2.9
Bodal Chemicals Limited₹179₹2,250 cr6.9
Shree Pushkar Chemicals & Fertilisers Limited₹623₹2,015 cr14.1
Bhageria Industries Limited₹365₹1,595 cr7.1
Sudarshan Colorants India Limited₹371₹855 cr8.9
Asahi Songwon Colors Limited₹370₹437 cr5.7
AksharChem India Limitedthis company₹372₹299 cr5.6
Poddar Pigments Limited₹250₹266 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.14%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹0.5 / share15 Sep 2026
Dividend₹0.75 / share4 Sep 2025
Dividend₹0.5 / share23 Sep 2024
Dividend₹0.5 / share20 Sep 2023
Dividend₹0.5 / share20 Sep 2022
Buyback Buyback11 Nov 2021
Who owns it · 2026-09-30
No pledge
Promoter
62.7%
FII / Foreign
0.0%
DII / Domestic
0.1%
Retail / others
37.2%
Smart-money activity
Insider trades
SoldMrugesh Jaykrishna Family Trust - 2 · Promoters66,146 · ₹3.9 cr30 Dec 21
SoldMunjal M. Jaykrishna Family Trust · Promoters33,829 · ₹2.0 cr30 Dec 21
SoldChelsa Marketing LLP · Promoters6,705 · ₹39.6 L30 Dec 21
Bulk / block deals
SoldRAKESH BALURAM LAHOTI · NSE49,000 @ ₹250.732 Sep 25
BoughtRAKESH BALURAM LAHOTI · NSE49,491 @ ₹301.6328 Aug 25
SoldRAKESH BALURAM LAHOTI · NSE491 @ ₹322.3128 Aug 25
Stake changes
SoldMunjal M. Jaykrishna Family Trust · promoter→ 19.46% · 33,82930 Dec 21
SoldChelsea Marketing LLP · promoter→ 3.87% · 6,70530 Dec 21
SoldMrugesh Jaykrishna Family Trust 2 · promoter→ 38.06% · 66,14630 Dec 21
What shareholders were asked to approve
5 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 22 Sep 2026
See the official result
1
Adoption of the Audited Financial Statements for the financial year ended 31st March, 2026, the Reports of Directors and Auditors thereon
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 50%
2,452 votes for, 8,646 against
2
Declaration of Final Dividend for Financial Year 2025-2026
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 50%
2,452 votes for, 8,646 against
3
Re-appointment of Mrs. Paru M. Jaykrishna (DIN: 00671721) as a Director of the Company who retires by rotation
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 50%
2,452 votes for, 8,646 against
4
Re-appointment of Mr. Sachin M. Jaykrishna (DIN: 10712990) as a Director of the Company who retires by rotation
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 50%
2,452 votes for, 8,646 against
5
Ratification of Remuneration payable to the Cost Auditors
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 50%
2,452 votes for, 8,646 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 62.7% between them · as of 2026-09-30
Mrugesh Jaykrishna Family Trust - 238.87%
Munjal M. Jaykrishna Family Trust19.87%
Chelsea Marketing LLP3.95%
Skyjet Aviation Private Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.