Indian Emulsifiers
IEML NSE
Indian Emulsifiers
ChemicalsNSE: IEML Specialty Chemicals
Key Fundamentals
SMESpecialty ChemicalsChemicalsMarket Cap
₹76.36 Cr
Volatility
Moderate
P/E Ratio
4.6
EBITDA
₹25.85 Cr
Return on Equity
16.21%
Debt to Equity
0.37
Book Value
₹80.21
52W High
₹199.6
52W Low
₹37.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.50 times its book value
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.6%
Growth Rate
Revenue Growth
55.62% lower than
3Y
Net Income Growth
24.66% lower than
3Y
Cash Flow Change
—
ROE
-47.76% lower than
3Y
ROCE
-32.6% level than
3Y
EBITDA Margin (Avg.)
-21.27% higher than
3Y
Quarterly Results
| Particulars | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 35 | 32 | 52 | 50 | 77 | 83 |
| Expenses | 29 | 23 | 41 | 40 | 62 | 72 |
| Operating Profit | 6 | 8 | 10 | 9 | 15 | 11 |
| OPM % | 19% | 26% | 20% | 19% | 20% | 13% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 1 | 1 | 2 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 |
| PBT | 5 | 6 | 9 | 8 | 12 | 7 |
| Tax % | 18% | 19% | 18% | 20% | 17% | 21% |
| Net Profit | 4 | 5 | 7 | 6 | 10 | 6 |
| EPS in Rs | 4.24 | 3.71 | 3.81 | 3.45 | 5.61 | 3.23 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 0 | 18 | 41 | 67 | 101 | 160 |
| Expenses | 0 | 17 | 33 | 52 | 82 | 134 |
| Operating Profit | 0 | 1 | 8 | 15 | 20 | 26 |
| OPM % | — | 4.5% | 19% | 22% | 19% | 16% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 0 | 0 | 2 | 2 | 2 | 4 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 3 |
| PBT | 0 | 0 | 5 | 11 | 16 | 20 |
| Tax % | — | 67% | 16% | 18% | 19% | 18% |
| Net Profit | 0 | 0 | 4 | 9 | 13 | 16 |
| EPS in Rs | — | 0.04 | 4.32 | 6.53 | 7.27 | 8.84 |
| Div. Payout % | — | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 6 | 6 | 9 | 12 | 18 |
| Reserves | 0 | 0 | 4 | 19 | 70 | 129 |
| Borrowings | 1 | 13 | 22 | 24 | 26 | 55 |
| Other Liabilities | 0 | 0 | 2 | 12 | 10 | 33 |
| Total Liabilities | 1 | 19 | 34 | 64 | 117 | 235 |
| Fixed Assets | 0 | 10 | 13 | 17 | 19 | 53 |
| CWIP | 0 | 0 | 0 | 3 | 21 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 9 | 22 | 44 | 77 | 159 |
| Total Assets | 1 | 19 | 34 | 64 | 117 | 235 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 0 | -6 | 0 | 0 | -17 | -28 |
| Investing | 0 | -2 | 0 | -8 | -24 | -39 |
| Financing | 0 | 8 | 0 | 8 | 40 | 75 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 7 |
| Free Cash Flow | 0 | -16 | -4 | -9 | -39 | -66 |
| CFO/OP | — | -720 | 3 | 8 | -74 | -96 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | — | 60 | 71 | 101 | 110 | 131 |
| Inventory Days | — | 32 | 106 | 162 | 185 | 191 |
| Days Payable | — | 0 | 11 | 69 | 33 | 78 |
| Cash Conversion Cycle | — | 92 | 166 | 195 | 263 | 245 |
| Working Capital Days | — | 125 | 97 | 115 | 172 | 201 |
| ROCE % | — | 6% | 26% | 31% | 24% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indian Emulsifiers insights
56 extracted metrics + investor summaries across FY21–FY26.
Documents
1
Copy of Newspaper Publication
8 Sep - Newspaper publication for 6th AGM on September 30, 2026 at 12:00 Noon in Mumbai. 8 Sep - Newspaper publication for 6th AGM on September 30, 2026 at 12:00 Noon in Mumbai.
2
Shareholders meeting
7 Sep - 06th AGM on 30 September 2026; FY2025-26 annual report submitted. 7 Sep - 06th AGM on 30 September 2026; FY2025-26 annual report submitted.
3
Outcome of Board Meeting
4 Sep - Board approved 6th AGM notice, annual report, and appointed cost and internal auditors on September 4, 2026. 4 Sep - Board approved 6th AGM notice, annual report, and appointed cost and internal auditors on September 4, 2026.
4
Monitoring Agency Report
14 Aug - No deviation in Rs. 48.88 crore rights issue proceeds; Rs. 2.87 crore delayed, to be used by December 31, 2026. 14 Aug - No deviation in Rs. 48.88 crore rights issue proceeds; Rs. 2.87 crore delayed, to be used by December 31, 2026.
5
Press Release
20 Jul - IEML secured two U.S. export orders worth $700,621 (₹6.75 crore) for immediate execution. 20 Jul - IEML secured two U.S. export orders worth $700,621 (₹6.75 crore) for immediate execution.
Frequently Asked Questions about Indian Emulsifiers
What does Indian Emulsifiers Ltd do?
Incorporated in 2020, Indian Emulsifiers
Ltd is in the business of Manufacturing
and Supplying of Speciality Chemicals[1]
Where is Indian Emulsifiers Ltd (IEML) listed?
Indian Emulsifiers Ltd trades as IEML on the NSE.
Which sector does Indian Emulsifiers Ltd belong to?
Indian Emulsifiers Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the market capitalisation of Indian Emulsifiers Ltd?
Indian Emulsifiers Ltd has a market capitalisation of ₹76.36 Cr, which places it in the Small Cap band.
What is the PE ratio of Indian Emulsifiers Ltd?
Indian Emulsifiers Ltd trades at a PE ratio of 4.60, against a book value of ₹80.21 per share.
What is the 52-week high and low of Indian Emulsifiers Ltd?
Over the last 52 weeks Indian Emulsifiers Ltd has traded between ₹37.8 and ₹199.6.
What is the Return on Equity (ROE) of Indian Emulsifiers Ltd?
Indian Emulsifiers Ltd reported a return on equity of 16.21%. Its debt-to-equity ratio is 0.37.
Company Information
Incorporated in 2020, Indian Emulsifiers Ltd is in the business of Manufacturing and Supplying of Speciality Chemicals[1]
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