BODALCHEMCommodities

Bodal Chemicals Limited

Dyes And Pigments · ISIN INE338D01028 · BSE 524370 · NSE EQ · FV ₹2
Last price
₹182
+5.00%today
What this company does

Bodal Chemicals Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹709 cr of revenue in its latest quarter (Q1 FY27) and kept 4.3% of sales as profit. It is the 3rd largest of 9 Dyes And Pigments companies we track, by market value.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 companies that reported it.

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

Price momentum
overbought
RSI (14)
80

At close. Not part of the score.

Profitability & returns47

How much profit it earns on the money it employs

Balance sheet25

How much it owes, and whether earnings cover the interest

Cash quality61

Whether reported profit actually arrives as cash

Growth & consistency79

Whether sales and profit have grown, and how steadily

Valuation34

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 56% vs last year
Profit up 219% vs last year
Promoters hold 57%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 4.3% net margin

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 We do not publish price targets or predict returns.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
₹182 +5.00%
latest close · 2026-09-17
1-year return
+73.5%
52-wk low ₹6452-wk high ₹190
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 ratio18.9Average
LowAverageHigh
P/B ratio1.98Moderate
Below bookModerateHigh
EV / EBITDA10.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.5%Fair
WeakFairStrong ▸15%
Return on capital14.5%Fair
WeakFairStrong
Net margin4.3%Thin
ThinDecentStrong
EBITDA margin10.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.69Moderate
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.20Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,294 cr
Book value
₹92
EPS
₹2.41
latest quarter
Net debt
₹783 cr
owes more than its cash
Enterprise value
₹3,077 cr
EBITDA
₹300 cr
annualised
EBIT
₹231 cr
annualised
Operating margin
8.1%
Return on assets
5.2%
Earnings yield
5.29%
P/S
0.81
Sales / share
₹225.2
Tax rate
22.3%
Face value
₹2
Shares
12.6 cr
Working capital
₹149 cr
Current assets
₹909 cr
Current liabilities
₹760 cr
Delivery %
35.4%
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 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₹38, midpoint ₹32

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₹709 cr
Other Income₹6 cr
Total Income₹715 cr
Cost of Materials₹481 cr
Purchases of Stock-in-Trade₹6 cr
Inventory Change (±)₹-61 cr
Employee Benefit Expense₹33 cr
Finance Costs₹19 cr
Depreciation & Amortisation₹17 cr
Other Expenses₹181 cr
Total Expenses₹676 cr
Profit before Tax₹39 cr
Tax Expense₹9 cr
Net Profit₹30 cr
Net margin on total income4.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹426 cr59.6%
Employee benefit expense₹33 cr4.6%
Finance costs₹19 cr2.6%
Depreciation & amortisation₹17 cr2.4%
Other expenses₹181 cr25.3%
Tax expense₹9 cr1.2%
Profit for the period₹30 cr4.2%
Total income ₹715 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue490 cr588 cr709 cr
Total income505 cr591 cr715 cr
Expenses504 cr555 cr676 cr
Profit before tax23.5 L36 cr39 cr
Tax-0.7 L4 cr9 cr
Net profit (owners' share)24.2 L32 cr30 cr
Net margin (owners' share, on revenue)0.0%5.5%4.3%
EPS (₹)0.022.552.41
YoY (latest quarter): total income +56.1% · net profit +218.7%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,356 cr
Shareholder equity
₹1,158 cr
parent shareholders
Total debt
₹800 cr
Cash
₹17 cr
Cash flow · H1 FY26
Operating
₹78 cr
Investing
₹8 cr
Financing
₹-92 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 Limitedthis company₹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 Limited₹374₹300 cr4.9
Poddar Pigments Limited₹276₹293 cr15.8
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 · 2026-06-30
No pledge
Promoter
57.0%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
43.0%
Promoter stake down 0.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtShakuntala J Patel · Promoter Group8.80 L13 Nov 20
BoughtRamesh D Patel · Promoter Group20,000 · ₹7.8 L23 Mar 20
BoughtRamesh D Patel · Promoter Group9,446 · ₹6.1 L3 Mar 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
SoldSamyaktva Construction LLP→ 1.27% · 25.45 L16 Feb 24
SoldSamyaktva Construction LLP→ 3.29% · 26.16 L1 Jan 24
BoughtSamyaktva Constructions LLP→ 5.51% · 3.00 L14 Jul 21
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 · 26 Sep 2025
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 2025 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 2025 and the reports of Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
29.30 L votes for, 1,717 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Rajarshi Gosh (Din: 08715159) who retires by rotation and being eligible offers himself for reappointment.
Backed by 100% of shareholders other than promotersneeded 50%
29.61 L votes for, 8,573 against · 0% of mutual funds and other big investors said no
3
Approval for appointment of M/s. B N P S and Associates LLP as Statutory Auditor of the Company consequent upon merger of M/s. Naresh J. Patel & Co.
Backed by 100% of shareholders other than promotersneeded 75%
29.65 L votes for, 4,550 against · 0% of mutual funds and other big investors said no
4
To ratify remuneration of Cost auditors M/s. Kiran J. Mehta & Co.
Backed by 100% of shareholders other than promotersneeded 50%
29.67 L votes for, 3,387 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 2026-06-30
Sureshbhai Jayantibhai Patel29.47%
Bhavin Suresh Patel8.33%
Ankitkumar Sureshbhai Patel5.77%
Shakuntala J Patel5.29%
Meenaben Sureshbhai Patel4.15%
Rameshbhai Dahyabhai Patel3.93%
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.