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Indian Toners & Developers

523586 BSE
₹47.02 up 0.35 (0.75%)
Market Cap
₹244 Cr
P/E
9.60

Indian Toners & Developers (INDTONER) share price was ₹44.94 at the 27 Oct 2026 close; market capitalisation ₹234 Cr; P/E (TTM) 9.17; sector Commodities. The share price fell 16.5% over the year to 27 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 7.4% year on year to ₹36.21 Cr and net profit was ₹6.10 Cr, against ₹7.84 Cr a year earlier (compared with Jun 2025). Promoters held 69.25% of Indian Toners & Developers in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 65/100 (Good) as of 28 Oct 2026.

Close 27 Oct 2026 ₹44.94 −8.47 −15.86% 1Y

Key Fundamentals

MicrocapSpecialty ChemicalsChemicals
Market Cap
₹244 Cr
P/E (TTM)
9.6
EBITDA
₹29.60 Cr
Return on Equity
12.55%
Debt to Equity
0
Book Value
₹42.93
EPS (TTM)
₹4.90
52W High
₹62.00
52W Low
₹43.00

Price-based figures as of 29 Oct 2026, 10:56 IST · EPS basis: Standalone · TTM

Peer Comparison

Commodities › Chemicals & Petrochemicals › Specialty Chemicals

Pidilite Industries
₹1,369.9052.651,39,439 Cr12.881.48%22.36%28.48%15,689 Cr2,677 Cr
Gujarat Fluorochemicals
₹4,251.4077.1946,702 Cr5.980.07%7.25%10.13%5,334 Cr600 Cr
Navin Fluorine International
₹8,362.5054.2842,893 Cr10.800.18%16.70%18.66%3,734 Cr789 Cr
Aether Industries
₹1,575.0088.8320,905 Cr8.510.00%8.94%12.15%1,257 Cr235 Cr
Deepak Nitrite
₹1,482.0025.8120,213 Cr3.460.52%9.38%10.85%8,624 Cr784 Cr
Aarti Industries
₹457.5531.2516,591 Cr2.790.23%7.04%8.53%9,040 Cr531 Cr
Atul
₹5,154.5019.6615,176 Cr2.310.55%10.95%13.54%7,185 Cr788 Cr
Indian Toners & Developers (this company)
₹47.029.60244 Cr1.1013.02%12.55%15.00%150 Cr25 Cr
Median 8 companies₹1,528.5041.9520,559 Cr4.720.38%10.17%12.85%6,260 Cr692 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live 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 →

65 Good
Overall score

Data confidence 100/100

Category scores

Quality Strong 78
Returns, margins, earnings quality 22% weight
Valuation Strong 77
Cheap vs sector & own history 24% weight
Growth Weak 41
Sales & profit trajectory 9% weight
Financial Health Strong 87
Solvency, leverage, coverage 9% weight
Momentum Average 49
Trend strength, vol-adjusted 12% weight
Ownership Average 50
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

3
  • Company is almost debt free.
  • Stock is trading at 1.04 times its book value
  • Company has been maintaining a healthy dividend payout of 20.8%

Weaknesses

1
  • Company has a low return on equity of 12.2% over last 3 years.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bearish

Bearish
12
Neutral
7
Bullish
0

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
28.1% higher than 3Y

change over 1 year

Net Income Growth
55.64% higher than 3Y

change over 1 year

Cash Flow Change
-27.52%

change over 1 year

EBITDA Margin Change
0.42%

change over 1 year Operating margin 18.92% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
37.07
39.8
37.08
42.79
35.32
37.68
39.29
40.7
39.1
38.85
42.11
45.74
36.21
Expenses
29.17
31.22
29.11
33.77
27.52
29.86
30.61
31.98
30.45
31.57
33.41
35.55
29.36
Operating Profit
7.9
8.58
7.97
9.02
7.8
7.82
8.68
8.72
8.65
7.28
8.7
10.19
6.85
OPM %
21.31%
21.56%
21.49%
21.08%
22.08%
20.75%
22.09%
21.43%
22.12%
18.74%
20.66%
22.28%
18.92%
Other Income
1.79
1.12
1.38
1.94
1.37
1.88
1.31
1.55
1.58
1.24
1.15
1.35
2.5
Interest
0.07
0.05
0.06
0.06
0.05
0.05
0.05
0.05
0.05
0.04
0.04
0.04
0.04
Depreciation
1.26
1.32
1.43
1.41
1.58
1.33
1.33
1.18
1.31
1.34
1.31
1.3
1.34
PBT
8.36
8.33
7.86
9.49
7.54
8.32
8.61
9.04
8.87
7.14
8.5
10.2
7.97
Tax %
18.06%
39.86%
28.37%
9.27%
49.47%
33.89%
25.2%
26%
11.5%
24.65%
24.94%
25.2%
23.46%
Net Profit
6.86
5.01
5.64
8.62
3.81
5.51
6.43
6.69
7.84
5.38
6.39
7.62
6.1
EPS (₹)
1.26
0.92
1.04
1.59
0.7
1.06
1.24
1.29
1.51
1.03
1.23
1.47
1.17
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
34
35
115
112
115
91
88
122
159
163
153
166
163
Expenses
29
29
87
84
92
78
73
99
124
129
120
131
130
Operating Profit
5
6
28
28
24
13
16
24
35
34
33
35
33
OPM %
16%
17%
24%
25%
21%
14%
18%
19%
22%
21%
22%
21%
20%
Other Income
3
3
7
7
6
7
8
4
4
6
6
5
6
Interest
0
0
1
1
1
1
0
0
1
0
0
0
0
Depreciation
1
1
3
4
4
4
4
4
4
5
5
5
5
PBT
6
7
30
30
25
15
19
23
34
34
34
35
34
Tax %
25%
19%
22%
19%
19%
17%
28%
19%
23%
23%
33%
22%
—
Net Profit
5
6
24
24
20
12
14
19
26
26
22
27
25
EPS (₹)
1.16
1.46
5.86
3.68
3.1
1.85
2.5
3.49
4.85
4.81
4.32
5.24
4.9
Div. Payout %
0%
0%
0%
16%
19%
32%
24%
17%
14%
19%
21%
23%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
8
8
13
13
13
11
11
11
11
10
10
Reserves
45
51
131
151
167
171
150
155
177
199
191
222
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
8
9
30
24
22
20
22
26
22
22
28
29
Total Liabilities
62
68
169
188
202
204
183
192
211
232
230
261
Fixed Assets
11
11
45
52
52
54
50
49
69
77
80
89
CWIP
0
0
8
1
1
0
0
1
2
0
0
0
Investments
32
39
71
87
91
101
76
65
64
70
52
102
Other Assets
19
18
45
48
58
49
56
77
76
85
97
70
Total Assets
62
68
169
188
202
204
183
192
211
232
230
261
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3
6
18
19
14
13
19
14
21
24
26
36
Investing
-3
-6
-16
-16
-2
-9
28
4
-23
-12
16
-52
Financing
0
0
-2
-4
-5
-8
-38
-15
-5
-6
-31
-7
Net Cash Flow
0
0
0
-1
6
-3
9
3
-6
7
11
-23
Free Cash Flow
3
5
8
15
8
9
19
5
-3
12
18
33
CFO/OP
85
115
81
95
79
129
146
79
75
93
97
127
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
63
32
46
57
58
56
65
51
50
58
56
60
Inventory Days
126
165
82
105
130
149
108
126
95
84
124
94
Days Payable
82
94
86
127
116
108
105
89
33
28
51
38
Cash Conversion Cycle
106
102
43
35
72
98
69
87
112
115
129
117
Working Capital Days
76
65
41
56
64
68
58
77
85
98
97
78
ROCE %
9%
13%
28%
20%
15%
8%
11%
14%
20%
17%
16%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indian Toners & Developers insights

63 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

Promot.69.25%Others9.41%Public21.33%As ofSep 2026

Documents

1
Concall - Jun 2025 Jun 2025
2
Concall - Jun 2024 Jun 2024
3
Concall - Aug 2018 Aug 2018
4
Concall - Jul 2018 Jul 2018
5
Concall - Jul 2018 Jul 2018

Frequently Asked Questions about Indian Toners & Developers

What does Indian Toners & Developers Ltd do?
Incorporated in 1990, Indian Toners & Developers Ltd manufactures Compatible Toners[1]
Where is Indian Toners & Developers Ltd (INDTONER) listed?
Indian Toners & Developers Ltd trades under code 523586 on the BSE.
Which sector does Indian Toners & Developers Ltd belong to?
Indian Toners & Developers Ltd is classified under the Commodities sector, in the Chemicals & Petrochemicals industry.
What is the market capitalisation of Indian Toners & Developers Ltd?
Indian Toners & Developers Ltd has a market capitalisation of ₹244.33 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Indian Toners & Developers Ltd?
Indian Toners & Developers Ltd trades at a PE ratio of 9.60 as of 29 Oct 2026, on earnings per share of ₹4.9, against a book value of ₹42.93 per share.
What is the 52-week high and low of Indian Toners & Developers Ltd?
Over the last 52 weeks Indian Toners & Developers Ltd has traded between ₹43 and ₹62 as of 29 Oct 2026.
Does Indian Toners & Developers Ltd pay dividends?
Indian Toners & Developers Ltd has a dividend yield of 13.02%.
What is the Return on Equity (ROE) of Indian Toners & Developers Ltd?
Indian Toners & Developers Ltd reported a return on equity of 12.55%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1990, Indian Toners & Developers Ltd manufactures Compatible Toners[1]

Website indiantoners.com/in
Listed 2000-09-15
Face Value ₹ 2
Shares Outstanding 5,19,63,550

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