BODALCHEMCommodities

Bodal Chemicals Limited

Dyes And Pigments · ISIN INE338D01028 · BSE 524370 · NSE BE · FV ₹2
Last price
₹170
-5.00%today
What this company does

Bodal Chemicals Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹863 cr of revenue in its latest quarter (Q2 FY27) and kept 9.4% of sales as profit. It is the 3rd 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 91–176 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)
60

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality61

Whether reported profit actually arrives as cash

Growth & consistency78

Whether sales and profit have grown, and how steadily

Valuation62

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
✓ Profit up 1,259% vs last year
✓ Promoters hold 57%
✓ No promoter shares pledged
✓ Strong 26% return on equity
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BODALCHEM?

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 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from this company's own revenue trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹170▼ -5.00%
latest close · 2026-11-04
1-year return
+15.4%
52-wk low ₹6452-wk high ₹208
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 ratio6.5Low
LowAverageHigh
P/B ratio1.68Moderate
Below bookModerateHigh
EV / EBITDA5.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity25.6%Strong
WeakFairStrong ▸15%
Return on capital26.0%Strong
WeakFairStrong
Net margin9.4%Decent
ThinDecentStrong
EBITDA margin14.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.64Moderate
LowModerateHigh ▸1
Interest cover5.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.32Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,137 cr
Book value
₹101
EPS
₹6.48
latest quarter
Net debt
₹787 cr
owes more than its cash
Enterprise value
₹2,925 cr
EBITDA
₹510 cr
annualised
EBIT
₹439 cr
annualised
Operating margin
12.7%
Return on assets
12.6%
Earnings yield
15.27%
P/S
0.62
Sales / share
₹274.2
Tax rate
9.5%
Face value
₹2
Shares
12.6 cr
Working capital
₹285 cr
Current assets
₹1,175 cr
Current liabilities
₹890 cr
Delivery %
41.1%
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 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹25–₹32, midpoint ₹29

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₹863 cr
Other Income₹21 cr
Total Income₹884 cr
Cost of Materials₹522 cr
Purchases of Stock-in-Trade₹8 cr
Inventory Change (±)₹-18 cr
Employee Benefit Expense₹40 cr
Finance Costs₹20 cr
Depreciation & Amortisation₹18 cr
Other Expenses₹204 cr
Total Expenses₹794 cr
Profit before Tax₹90 cr
Tax Expense₹9 cr
Net Profit₹81 cr
Net margin on total income9.2%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹513 cr58.0%
Employee benefit expense₹40 cr4.5%
Finance costs₹20 cr2.2%
Depreciation & amortisation₹18 cr2.0%
Other expenses₹204 cr23.0%
Tax expense₹9 cr1.0%
Profit for the period₹81 cr9.2%
Total income ₹884 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue588 cr709 cr863 cr
Total income591 cr715 cr884 cr
Expenses555 cr676 cr794 cr
Profit before tax36 cr39 cr90 cr
Tax4 cr9 cr9 cr
Net profit (owners' share)32 cr30 cr81 cr
Net margin (owners' share, on revenue)5.5%4.3%9.4%
EPS (₹)2.552.416.48
YoY (latest quarter): total income +76.7% · net profit +1,259.0%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹2,579 cr
Shareholder equity
₹1,271 cr
parent shareholders
Total debt
₹810 cr
Cash
₹23 cr
Cash flow · H1 FY27
Operating
₹28 cr
Investing
₹8 cr
Financing
₹-29 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 Limitedthis company₹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 Limited₹372₹299 cr5.6
Poddar Pigments Limited₹250₹266 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
—
trailing 12 months
Dividend / share (TTM)
—
Last dividend
₹0.1
ex 22 Sep 2023
ActionDetailEx-date
Dividend₹0.1 / share22 Sep 2023
Dividend₹0.8 / share22 Sep 2022
Dividend₹0.8 / share16 Sep 2021
Dividend₹0.8 / share18 Feb 2020
Dividend₹0.8 / share12 Sep 2019
Dividend₹0.8 / share6 Sep 2018
Who owns it · 2026-09-30
No pledge
Promoter
57.0%
FII / Foreign
1.8%
DII / Domestic
0.5%
Retail / others
40.7%
Promoter stake down 0.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtAnkit S. Patel · Promoter Group1.70 L · ₹3.4 cr29 Sep 26
SoldRamesh D Patel · Promoter Group1.70 L · ₹3.4 cr29 Sep 26
BoughtShakuntala J Patel · Promoter Group8.80 L13 Nov 20
Bulk / block deals
SoldNEO APEX SHARE BROKING SERVICES LLP · NSE10.74 L @ ₹160.1711 Sep 26
BoughtNEO APEX SHARE BROKING SERVICES LLP · NSE7.59 L @ ₹157.8211 Sep 26
SoldNEO APEX SHARE BROKING SERVICES LLP · NSE7.35 L @ ₹171.157 Sep 26
Stake changes
BoughtAnkit S Patel · promoter→ 5.90% · 1.70 L29 Sep 26
SoldRamesh D Patel · promoter→ 3.79% · 1.70 L29 Sep 26
BoughtAshokkumar Giriraj Bansal→ 5.01% · 1.75 L11 Sep 26
Promoter pledges
ReleasedMonarch Networth finserve Pvt Ltd24.75 L · 2.02% held15 Jun 20
ReleasedMonarch Networth finserve Private Ltd17.50 L · 3.45% held10 Jun 20
PledgedMonarch Network Finserve Private Ltd24.75 L · 1.43% held26 May 20
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 · 25 Sep 2026
See the official result
1
a. To receive, consider and adopt the Audited Standalone Financial Statement of the company for the financial year ended 31st March 2026 and the reports of the Board of Directors and Auditors thereon and b. the Audited Consolidated Financial Statement of the company for the financial year ended 31st March 2026 and the reports of Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
7.12 L votes for, 1,486 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Ankit S. Patel (Din: 02173231), who retires by rotation and being eligible offers himself for reappointment as a Director (Executive) of the company.
Backed by 100% of shareholders other than promotersneeded 50%
7.12 L votes for, 1,546 against · 0% of mutual funds and other big investors said no
3
To ratify remuneration of Cost auditors M/s. Kiran J. Mehta & Co.
Backed by 100% of shareholders other than promotersneeded 50%
7.02 L votes for, 1,486 against · 0% of mutual funds and other big investors said no

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 — 8 named members
owning 57.0% between them · as of 2026-09-30
Sureshbhai Jayantibhai Patel29.47%
Bhavin Suresh Patel8.33%
Ankitkumar Sureshbhai Patel5.90%
Shakuntala J Patel5.29%
Meenaben Sureshbhai Patel4.15%
Rameshbhai Dahyabhai Patel3.79%
Rakeshbhai Ravjibhai Patel0.04%
Bansibhai Maganbhai Patel0.03%

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.