Ishan Dyes & Chemicals
Chemicals
Ishan Dyes and chemicals Ltd
ISHANCH NSE
₹44.26 +0.61 (+1.40%)
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹44.26 −29.38 −39.9% 1Y
Start ₹73.64
Key Fundamentals
MicrocapChemicals & PetrochemicalsChemicalsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 0.96%
- Debt to Equity
- 0.64
- EPS (TTM)
- −₹2.80
- Book Value
- ₹53.94
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.82
- ROE
- −5.78%
- Dividend Yield
- 2.86%
- EBITDA
- ₹6.90 Cr
- 52W High
- ₹76.50
- 52W Low
- ₹41.71
- Day Range
- ₹43.44 – ₹45.00
- Volume
- 1,986
Peer Comparison
Commodities › Chemicals › Specialty Chemicals
| ₹1,510.20 | 58.04 | ₹1,54,107 Cr | 13.72 | 1.42% | 23.90% | 31.00% | ₹15,399 Cr | ₹2,677 Cr | |
| ₹4,613.30 | 83.76 | ₹49,073 Cr | 6.04 | 0.07% | 7.82% | 9.64% | ₹5,303 Cr | ₹600 Cr | |
| ₹8,785.00 | 57.03 | ₹44,060 Cr | 10.10 | 0.09% | 19.60% | 21.00% | ₹3,634 Cr | ₹789 Cr | |
| ₹1,578.40 | 27.48 | ₹20,919 Cr | 3.32 | 0.49% | 9.82% | 11.40% | ₹8,575 Cr | ₹784 Cr | |
| ₹1,540.70 | 86.90 | ₹20,030 Cr | 7.88 | 0.00% | 9.66% | 11.90% | ₹1,231 Cr | ₹235 Cr | |
| ₹447.55 | 30.57 | ₹15,838 Cr | 2.59 | 0.23% | 7.13% | 6.86% | ₹9,010 Cr | ₹531 Cr | |
| ₹5,156.50 | 19.67 | ₹14,827 Cr | 2.31 | 0.59% | 11.50% | 14.90% | ₹6,969 Cr | ₹788 Cr | |
| Ishan Dyes & Chemicals (this company) | ₹44.26 | — | ₹119 Cr | 0.82 | 2.86% | −5.78% | 0.96% | ₹99 Cr | −₹7 Cr |
| Median 8 companies | ₹1,559.55 | 57.03 | ₹20,474 Cr | 4.68 | 0.36% | 9.74% | 11.65% | ₹6,136 Cr | ₹692 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
44 Weak
Data confidence 93/100
Category scores
- Quality
- 42
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 54
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 57
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 27
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 23
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
4- Stock is trading at 0.89 times its book value
- Company is expected to give good quarter
- Debtor days have improved from 60.0 to 19.1 days.
- Company's working capital requirements have reduced from 54.9 days to 33.8 days
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.12% over past five years.
- Company has a low return on equity of -1.78% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.4.08 Cr.
- Promoter holding has decreased over last 3 years: -6.80%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 6 | 1 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
2
Neutral
6
Bullish
1
Overall
Strong Bearish
Bearish
12
Neutral
6
Bullish
1
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 43.63
- Neutral
- MACD (12,26,9)
- −0.75
- Bearish
- SMA (50)
- 46.14
- Bearish
- SMA (200)
- 54.74
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +1.80% |
|---|---|
| 5Y | −2.12% |
| 3Y | +4.32% |
| 1Y | −27.60% |
| TTM | +16.37% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Loss widened by ₹5.91 Cr |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | Turned positive |
| 3Y | −24.81% |
| 1Y | −26.01% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −5.25 pp |
|---|---|
| 5Y | −16.59 pp |
| 3Y | +3.33 pp |
| 1Y | −1.53 pp |
| TTM | −2.46 pp |
Revenue by year
| Mar 2017 | ₹66.60 Cr |
|---|---|
| Mar 2018 | ₹72.15 Cr |
| Mar 2019 | ₹66.81 Cr |
| Mar 2020 | ₹80.15 Cr |
| Mar 2021 | ₹81.75 Cr |
| Mar 2022 | ₹87.40 Cr |
| Mar 2023 | ₹64.68 Cr |
| Mar 2024 | ₹76.65 Cr |
| Mar 2025 | ₹101 Cr |
| Mar 2026 | ₹73.44 Cr |
Net profit by year
| Mar 2017 | ₹5.60 Cr |
|---|---|
| Mar 2018 | ₹3.36 Cr |
| Mar 2019 | ₹4.33 Cr |
| Mar 2020 | ₹8.21 Cr |
| Mar 2021 | ₹12.81 Cr |
| Mar 2022 | ₹10.11 Cr |
| Mar 2023 | −₹1.20 Cr |
| Mar 2024 | ₹0.12 Cr |
| Mar 2025 | ₹1.09 Cr |
| Mar 2026 | −₹7.11 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12.04 | 23.54 | 14.53 | 26.56 | 32.97 | 30.58 | 21.19 | 16.73 | 16.29 | 6.74 | 18.69 | 31.76 | 41.48 | 20.37 |
| Expenses | 13.17 | 22.85 | 15.35 | 22.08 | 31.04 | 28.2 | 19.08 | 16.43 | 14.46 | 8.42 | 20.68 | 26.18 | 38.11 | 9.87 |
| Operating Profit | −1.13 | 0.69 | −0.82 | 4.48 | 1.93 | 2.38 | 2.11 | 0.3 | 1.83 | −1.68 | −1.99 | 5.58 | 3.37 | 10.5 |
| OPM % | −9.39% | 2.93% | −5.64% | 16.87% | 5.85% | 7.78% | 9.96% | 1.79% | 11.23% | −24.93% | −10.65% | 17.57% | 8.12% | 51.55% |
| Other Income | 0.71 | 0.63 | 0.87 | 0.6 | 0.73 | 0.93 | 0.56 | 0.78 | 0.44 | 0.13 | 0.88 | 1.71 | 1.36 | 0.52 |
| Interest | 0.61 | 0.68 | 0.62 | 0.83 | 1.12 | 1.33 | 1.39 | 1.29 | 1.26 | 1.56 | 1.33 | 2.86 | 2.5 | 2.44 |
| Depreciation | 0.7 | 0.7 | 0.7 | 0.71 | 0.63 | 0.62 | 0.61 | 0.61 | 0.61 | 0.6 | 1.57 | 2.07 | 2.05 | 2.06 |
| PBT | −1.73 | −0.06 | −1.27 | 3.54 | 0.91 | 1.36 | 0.67 | −0.82 | 0.4 | −3.72 | −4.01 | 2.36 | 0.18 | 6.51 |
| Tax % | 2.31% | 433.33% | 15.75% | −3.95% | 3.3% | 2.94% | 92.54% | 42.68% | 27.5% | −2.43% | 30.92% | 37.71% | 16.67% | 4.61% |
| Net Profit | −1.77 | −0.32 | −1.47 | 3.68 | 0.88 | 1.32 | 0.05 | −1.16 | 0.3 | −3.63 | −5.25 | 1.47 | 0.16 | 6.22 |
| EPS (₹) | −0.84 | −0.15 | −0.7 | 1.76 | 0.42 | 0.63 | 0.02 | −0.55 | 0.14 | −1.38 | −2.01 | 0.53 | 0.06 | — |
Sep 2026: from the results filed on 26 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49.91 | 61.42 | 66.6 | 72.15 | 66.81 | 80.15 | 81.75 | 87.4 | 64.68 | 76.65 | 101 | 73.44 | 98.67 |
| Expenses | 47.42 | 55.07 | 55.55 | 66.72 | 59.15 | 69.59 | 64.03 | 72.25 | 63.54 | 73.41 | 94.72 | 69.7 | 93.39 |
| Operating Profit | 2.49 | 6.35 | 11.05 | 5.43 | 7.66 | 10.56 | 17.72 | 15.15 | 1.14 | 3.24 | 6.71 | 3.74 | 5.28 |
| OPM % | 4.99% | 10.34% | 16.59% | 7.53% | 11.47% | 13.18% | 21.68% | 17.33% | 1.76% | 4.23% | 6.62% | 5.09% | 5.35% |
| Other Income | 0.53 | 1.18 | 1.14 | 2.14 | 1.26 | 2.35 | 2.24 | 2.6 | 2.01 | 2.81 | 3 | 3.17 | 4.08 |
| Interest | 0.48 | 0.91 | 0.82 | 0.8 | 1.06 | 0.9 | 0.72 | 1.77 | 1.64 | 2.75 | 5.13 | 7.02 | 8.25 |
| Depreciation | 1.07 | 1.41 | 1.55 | 0.84 | 1.27 | 1.78 | 2.02 | 2.22 | 2.74 | 2.82 | 2.47 | 4.85 | 6.29 |
| PBT | 1.47 | 5.21 | 9.82 | 5.93 | 6.59 | 10.23 | 17.22 | 13.76 | −1.23 | 0.48 | 2.11 | −4.96 | −5.18 |
| Tax % | −46.94% | 25.53% | 42.97% | 43.17% | 34.29% | 19.84% | 25.61% | 26.53% | −2.44% | 77.08% | 48.82% | 43.15% | — |
| Net Profit | 2.17 | 3.88 | 5.6 | 3.36 | 4.33 | 8.21 | 12.81 | 10.11 | −1.2 | 0.12 | 1.09 | −7.11 | −7.25 |
| EPS (₹) | 1.32 | 2.35 | 3.41 | 2.05 | 2.64 | 5.14 | 8.02 | 5.96 | −0.57 | 0.06 | 0.52 | −2.6 | −2.8 |
| Div. Payout % | 0% | 9.68% | 0% | 25.13% | 0% | 19.45% | 15.58% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.51 | 7.51 | 11.26 | 11.26 | 11.26 | 15.97 | 15.97 | 16.97 | 20.97 | 20.97 | 20.97 | 27.3 |
| Reserves | 10.22 | 13.65 | 15.5 | 17.86 | 22.19 | 38.18 | 49.32 | 68.67 | 81.8 | 81.84 | 82.9 | 115 |
| Borrowings | 4.65 | 8.56 | 7.08 | 9.3 | 12.1 | 2.41 | 9.68 | 18.79 | 22.43 | 59.44 | 92.09 | 90.28 |
| Other Liabilities | 11.5 | 6.67 | 9.84 | 9.63 | 9.26 | 9.96 | 15.2 | 9.94 | 5.67 | 17.01 | 25.93 | 23.58 |
| Total Liabilities | 33.88 | 36.39 | 43.68 | 48.05 | 54.81 | 66.52 | 90.17 | 114 | 131 | 179 | 222 | 256 |
| Fixed Assets | 12.3 | 12.72 | 12.48 | 19.79 | 26.12 | 28.97 | 30.67 | 36.76 | 62.34 | 64.27 | 62.1 | 164 |
| CWIP | 0 | 0 | 0.44 | 0.78 | 0 | 0.64 | 0.84 | 0.43 | 0.96 | 29.56 | 71.4 | 3.94 |
| Investments | 0 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Other Assets | 21.58 | 23.65 | 30.74 | 27.46 | 28.67 | 36.89 | 58.64 | 77.16 | 67.55 | 85.41 | 88.37 | 88.16 |
| Total Assets | 33.88 | 36.39 | 43.68 | 48.05 | 54.81 | 66.52 | 90.17 | 114 | 131 | 179 | 222 | 256 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3.99 | −1.09 | 3.98 | 7.2 | 4.98 | 2.65 | −2.32 | −8.52 | 20.21 | −9.26 | 11.61 | 8.59 |
| Investing | −4.4 | −1.79 | −1.69 | −7.9 | −6.8 | −4.65 | −3.26 | −8 | −40.54 | −25.12 | −39.15 | −44.81 |
| Financing | 0.06 | 3.11 | −2.14 | 0.44 | 1.77 | 2.91 | 4.82 | 16.41 | 20.33 | 34.26 | 27.53 | 36.48 |
| Net Cash Flow | −0.35 | 0.23 | 0.16 | −0.26 | −0.04 | 0.92 | −0.77 | −0.12 | 0 | −0.11 | −0.02 | 0.26 |
| Free Cash Flow | −0.44 | −2.92 | 2.23 | −0.75 | −1.84 | −2.56 | −6.24 | −16.42 | −8.54 | −42.61 | −30.53 | −30.56 |
| CFO/EBITDA | 175 | −12 | 45 | 165 | 83 | 46 | 10 | −32 | 1,797 | −285 | 183 | 234 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61.14 | 45.58 | 61.05 | 82.31 | 67.36 | 85.89 | 119 | 145 | 71.89 | 118 | 43.11 | 19.13 |
| Inventory Days | 79.17 | 44.37 | 124 | 49.38 | 90.38 | 72.72 | 129 | 187 | 211 | 194 | 206 | 242 |
| Days Payable | 124 | 41.64 | 48.85 | 62.34 | 63.43 | 51.13 | 101 | 48.06 | 26.72 | 98.82 | 116 | 40.24 |
| Cash Conversion Cycle | 16.42 | 48.32 | 136 | 69.35 | 94.31 | 107 | 146 | 284 | 256 | 213 | 133 | 221 |
| Working Capital Days | 34.23 | 51.82 | 79.91 | 59.24 | 60.21 | 106 | 148 | 205 | 212 | 135 | −4.5 | 33.85 |
| ROCE % | 9.54% | 23.53% | 33.48% | 17.1% | 18.22% | 21.68% | 27.28% | 17.31% | 0.27% | 2.32% | 4.04% | 0.96% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ishan Dyes & Chemicals insights
61 extracted metrics across FY10–FY27.
Documents
- General announcements 15 Oct 2026
Frequently Asked Questions about Ishan Dyes & Chemicals
What does Ishan Dyes and chemicals Ltd do?
Incorporated in 1993, Ishan Dyes and Chemicals Ltd is in the business of manufacturing Copper Phthalocyanine Crude Blue (CPC Blue) and Pigment Blue
Where is Ishan Dyes and chemicals Ltd (ISHANCH) listed?
Ishan Dyes and chemicals Ltd trades as ISHANCH on the NSE and under code 531109 on the BSE.
Which sector does Ishan Dyes and chemicals Ltd belong to?
Ishan Dyes and chemicals Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the 52-week high and low of Ishan Dyes and chemicals Ltd?
Over the last 52 weeks Ishan Dyes and chemicals Ltd has traded between ₹41.71 and ₹76.5 as of 4 Nov 2026.
Does Ishan Dyes and chemicals Ltd pay dividends?
Ishan Dyes and chemicals Ltd has a dividend yield of 2.86%.
What is the Return on Equity (ROE) of Ishan Dyes and chemicals Ltd?
Ishan Dyes and chemicals Ltd reported a return on equity of -5.78%. Its debt-to-equity ratio is 0.64.
Company Information
Incorporated in 1993, Ishan Dyes and Chemicals Ltd is in the business of manufacturing Copper Phthalocyanine Crude Blue (CPC Blue) and Pigment Blue
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