AKSHARCHEMCommodities

AksharChem India Limited

Dyes And Pigments · ISIN INE542B01011 · BSE 524598 · NSE BE · FV ₹10
Last price
₹374
-2.21%today
What this company does

AksharChem India Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹141 cr of revenue in its latest quarter (Q1 FY27) and kept 10.8% of sales as profit. It is the 8th largest of 9 Dyes And Pigments companies we track, by market value.

In the report:
68out of 100
Equitytale Health Score
Solid

Healthier than 68% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 121–173 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)
52

At close. Not part of the score.

Profitability & returns79

How much profit it earns on the money it employs

Balance sheet39

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

Valuation79

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 45% vs last year
Profit up 2,040% vs last year
Promoters hold 63%
No promoter shares pledged
Strong 23% 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 We do not publish price targets or predict returns.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
₹374 -2.21%
latest close · 2026-09-17
1-year return
-9.7%
52-wk low ₹22452-wk high ₹614
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 ratio4.9Low
LowAverageHigh
P/B ratio1.15Moderate
Below bookModerateHigh
EV / EBITDA4.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.3%Strong
WeakFairStrong ▸15%
Return on capital24.5%Strong
WeakFairStrong
Net margin10.8%Decent
ThinDecentStrong
EBITDA margin16.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.41Comfortable
LowModerateHigh ▸1
Interest cover7.8×Strong
RiskyOkayStrong ▸5×
Current ratio0.99Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹300 cr
Book value
₹326
EPS
₹18.94
latest quarter
Net debt
₹108 cr
owes more than its cash
Enterprise value
₹408 cr
EBITDA
₹91 cr
annualised
EBIT
₹73 cr
annualised
Operating margin
13.0%
Return on assets
13.5%
Earnings yield
20.28%
P/S
0.53
Sales / share
₹701.4
Tax rate
4.6%
Face value
₹10
Shares
0.8 cr
Working capital
₹-2 cr
Current assets
₹151 cr
Current liabilities
₹153 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 2026-09-17.

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 ₹185₹293, midpoint ₹239

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 · Q1 FY27 (consolidated)
Revenue from Operations₹141 cr
Other Income₹3.4 L
Total Income₹141 cr
Cost of Materials₹85 cr
Purchases of Stock-in-Trade₹9 cr
Inventory Change (±)₹-21 cr
Employee Benefit Expense₹4 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹41 cr
Total Expenses₹125 cr
Profit before Tax₹16 cr
Tax Expense₹73.6 L
Net Profit₹15 cr
Net margin on total income10.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹73 cr51.6%
Employee benefit expense₹4 cr2.9%
Finance costs₹2 cr1.7%
Depreciation & amortisation₹4 cr3.1%
Other expenses₹41 cr29.3%
Tax expense₹73.6 L0.5%
Profit for the period₹15 cr10.8%
Total income ₹141 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue80 cr106 cr141 cr
Total income80 cr106 cr141 cr
Expenses83 cr107 cr125 cr
Profit before tax-3 cr-1 cr16 cr
Tax2 cr-6 cr73.6 L
Net profit (owners' share)-5 cr5 cr15 cr
Net margin (owners' share, on revenue)-5.7%4.6%10.8%
EPS (₹)-5.756.0218.94
YoY (latest quarter): total income +45.3% · net profit +2,039.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹452 cr
Shareholder equity
₹262 cr
parent shareholders
Total debt
₹108 cr
Cash
₹15.3 L
Cash flow · H1 FY26
Operating
₹11 cr
Investing
₹-15 cr
Financing
₹4 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,205₹9,583 cr24.5
Kiri Industries Limited₹535₹3,489 cr3.0
Bodal Chemicals Limited₹182₹2,294 cr18.9
Shree Pushkar Chemicals & Fertilisers Limited₹513₹1,657 cr18.1
Bhageria Industries Limited₹319₹1,392 cr10.2
Sudarshan Colorants India Limited₹378₹872 cr10.7
Asahi Songwon Colors Limited₹365₹430 cr5.6
AksharChem India Limitedthis company₹374₹300 cr4.9
Poddar Pigments Limited₹276₹293 cr15.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.13%
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 · 2026-06-30
No pledge
Promoter
62.7%
FII / Foreign
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

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 · 15 Sep 2025
See the official result
1
Adoption of the Audited Financial Statements for the financial year ended 31st March, 2025, the Reports of Directors and Auditors thereon
Backed by 99% of shareholders other than promotersneeded 50%
10,995 votes for, 108 against
2
Declaration of Final Dividend for Financial Year 2024-2025
Backed by 99% of shareholders other than promotersneeded 50%
10,995 votes for, 108 against
3
Re-appointment of Mr. Munjal M. Jaykrishna (DIN: 00671693) as a Director of the Company who retires by rotation
Backed by 99% of shareholders other than promotersneeded 50%
10,995 votes for, 108 against
4
Re-appointment of Mr. Ashok D. Barot (DIN: 08366687) as a Director of the Company who retires by rotation
Backed by 99% of shareholders other than promotersneeded 50%
10,995 votes for, 108 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 2026-06-30
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.