---
title: "Citichem India Ltd (544324) — Share Price, Financials & Analysis"
symbol: "544324"
company: "Citichem India Ltd"
canonical: "https://tapetide.com/stocks/544324"
isin: "INE0A8401016"
nse_symbol: "CITICHEMINDIALTD"
bse_code: "544324"
sector: "Chemicals"
industry: "Commodity Chemicals"
market_cap_cr: 8.7
generated_at: "2026-09-13T18:58:45.785Z"
---

# Citichem India Ltd (544324)

Canonical page: https://tapetide.com/stocks/544324

## Company

- **NSE Symbol:** CITICHEMINDIALTD
- **BSE Code:** 544324
- **ISIN:** INE0A8401016
- **Sector:** Chemicals
- **Industry:** Commodity Chemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-01-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** citichemindia.com

## About

Incorporated in 1992, Citichem India Ltd 
is in the business of trading of chemicals.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:47:26.480909Z.

- **Market Cap:** ₹8.7 Cr
- **Classification:** SME
- **P/E (reported):** 8.7
- **Book Value:** ₹31.03
- **Price to Book:** 0.41
- **Dividend Yield:** 0%
- **ROE:** 6.11%
- **ROCE:** 9.5%
- **Debt to Equity:** 0.37
- **Revenue (yearly):** ₹9.48 Cr
- **Net Income:** ₹1.02 Cr
- **EBITDA:** ₹-3.98 Cr
- **52-Week High:** ₹31
- **52-Week Low:** ₹12
- **RSI (14):** 9.24

## Key Insights

### Strengths

- Stock is trading at 0.41 times its book value
- Promoter holding has increased by 0.76% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -39.4% over past five years.
- Company has a low return on equity of 8.78% over last 3 years.
- Contingent liabilities of Rs.21.4 Cr.
- Earnings include an other income of Rs.0.70 Cr.
- Company has high debtors of 918 days.
- Working capital days have increased from 164 days to 289 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| ebitda margin growth | -133.33% | — | -527.32% | — |
| net income growth | -150% | -15% | 41% | 35% |
| revenue growth | -86.67% | -82.67% | -11% | -39% |
| roce | — | -54% | 19.05% | 18.78% |
| roe | — | -66.88% | 10.16% | -83.35% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 1.67 | 52.7 | 10.1 | 4.68 |
| Expenses | 1.5 | 51.25 | 9.57 | 3.9 |
| Operating Profit | 0.17 | 1.45 | 0.53 | 0.78 |
| OPM % | 10.18 | 2.75 | 5.25 | 16.67 |
| Other Income | 0 | 0.36 | 0.67 | 0.03 |
| Interest | 0 | 0.31 | 0.26 | 0.32 |
| Depreciation | 0.01 | 0 | 0.03 | 0.03 |
| Profit before tax | 0.16 | 1.5 | 0.91 | 0.46 |
| Tax % | 25 | 26 | 25.27 | 30.43 |
| Net Profit | 0.12 | 1.11 | 0.68 | 0.32 |
| EPS in Rs | 0.24 | 1.63 | 1 | 0.47 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 127.35 | 180.17 | 85.22 | 20.94 | 19.61 | 54.37 | 14.78 |
| Expenses | 0.02 | 127.07 | 179.96 | 84.84 | 20.36 | 17.81 | 52.75 | 13.47 |
| Operating Profit | -0.02 | 0.28 | 0.21 | 0.38 | 0.58 | 1.8 | 1.62 | 1.31 |
| OPM % | — | 0.22 | 0.12 | 0.45 | 2.77 | 9.18 | 2.98 | 8.86 |
| Other Income | 0 | 0.01 | 0.11 | 0.06 | 0 | 0 | 0.36 | 0.7 |
| Interest | 0 | 0.01 | 0 | 0.1 | 0.06 | 0.07 | 0.31 | 0.58 |
| Depreciation | 0 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.06 |
| Profit before tax | -0.02 | 0.27 | 0.3 | 0.32 | 0.51 | 1.71 | 1.66 | 1.37 |
| Tax % | 0 | 25.93 | 26.67 | 28.12 | 29.41 | 18.71 | 25.9 | 27.01 |
| Net Profit | -0.02 | 0.2 | 0.22 | 0.24 | 0.36 | 1.39 | 1.23 | 1 |
| EPS in Rs | — | — | — | 0.48 | 0.72 | 2.78 | 1.81 | 1.47 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.07 | 0.07 | 0.07 | 5 | 5 | 5 | 6.8 | 6.8 |
| Reserves | 0.15 | 0.31 | 0.53 | 0.77 | 1.13 | 2.52 | 13.3 | 14.3 |
| Borrowings | 0.11 | 0.37 | 0 | 1.11 | 1.1 | 1.08 | 5.39 | 7.74 |
| Other Liabilities | 0.01 | 31.98 | 72.62 | 84.55 | 72.5 | 60.73 | 44.43 | 25.96 |
| Total Liabilities | 0.34 | 32.73 | 73.22 | 91.43 | 79.73 | 69.33 | 69.92 | 54.8 |
| Fixed Assets | 0.01 | 0.08 | 0.09 | 0.08 | 0.1 | 0.1 | 0.06 | 0.93 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.32 | 32.64 | 73.13 | 91.35 | 79.63 | 69.23 | 69.86 | 53.87 |
| Total Assets | 0.34 | 32.73 | 73.22 | 91.43 | 79.73 | 69.33 | 69.92 | 54.8 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 0.37 | 0.38 | -5.95 | 0.28 | 0.49 | -11.51 | -5.19 |
| Cash from Investing Activity | — | -0.01 | -0.02 | -0.01 | -0.04 | 0 | 0.03 | -0.36 |
| Cash from Financing Activity | — | -0.42 | -0.37 | 5.94 | -0.07 | -0.08 | 15.35 | 1.75 |
| Net Cash Flow | — | -0.07 | -0.02 | -0.03 | 0.17 | 0.41 | 3.86 | -3.8 |
| Free Cash Flow | — | 0.36 | 0.35 | -5.96 | 0.24 | 0.49 | -11.48 | -6.11 |
| CFO/OP | — | 175 | 133 | -1566 | 48 | 28 | -710 | -390 |

### Ratios

| Item | Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 5.53 | 68.05 | 198.73 | 595.78 | 569.18 | 342.91 | 917.93 |
| Inventory Days | — | 76.06 | 70.95 | 180.36 | 857.35 | 849.4 | 45.66 | 231.39 |
| Days Payable | — | 92.27 | 148.47 | 367.79 | 1378.23 | 1348.08 | 315.43 | 854.22 |
| Cash Conversion Cycle | — | -10.68 | -9.47 | 11.3 | 74.9 | 70.51 | 73.15 | 295.1 |
| Working Capital Days | — | 1.63 | 0.85 | 28.7 | 118.01 | 144.99 | 58.2 | 289.18 |
| ROCE % | — | — | 44.44 | 11.23 | 8.08 | 22.49 | 11.56 | 7.18 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 83.25% | 83.25% | 61.21% | 61.21% | 61.54% | 62.3% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 30.64% | 30.14% | 29.64% | 29.02% |
| Others | 16.75% | 16.75% | 8.15% | 8.65% | 8.82% | 8.68% |
| No. of Shareholders | 18 | 16 | 729 | 675 | 605 | 606 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 1 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 14.01 | Sell |
| EMA (10) | 13.84 | Sell |
| SMA (20) | 15.13 | Sell |
| EMA (20) | 14.67 | Sell |
| SMA (50) | 16.22 | Sell |
| EMA (50) | 15.8 | Sell |
| SMA (100) | 16.79 | Sell |
| EMA (100) | 17.68 | Sell |
| SMA (200) | 21.95 | Sell |
| EMA (200) | 21.72 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 29.95 | Buy |
| MACD (12,26,9) | -0.93 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 25.16 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.52 | High Volatility |
| ROC (12) | -22.79 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 13.41 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b62c0aea-9a02-4a7c-94a6-5404b71ec8f9.pdf) |
| 2026-09-07 | [Intimation Of 34Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9e50811-4c67-483f-82d8-8327a33dfc80.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76846ecc-5499-4222-ab81-b15e625cdb7f.pdf) |
| 2026-05-30 | [Board Meeting Outcome for Outcome Of The Board Meeting Approving Financial Results For The Fourth Quarter Ended On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9e0a45b-0107-43bf-9d4b-48e19bc679e0.pdf) |
| 2026-05-26 | [Board Meeting Intimation for Audited Standalone Financial Results Of The Company For The Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0788f336-d81b-421b-b2f4-e21e99761cb8.pdf) |
| 2026-04-30 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e9b549d-c3e6-463c-aa92-18be68268e58.pdf) |
| 2026-04-15 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac0568fd-9c91-4da6-b4ce-41795457c0fb.pdf) |
| 2026-01-21 | [Withdrawal Of Proposed Preferential Issue Of Convertible Warrants](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5542b07-5989-4427-8d45-899944ca929b.pdf) |
| 2025-12-16 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29ae4617-60af-486a-ad31-5402ae47d067.pdf) |
| 2025-12-15 | [Shareholder Meeting / Postal Ballot-Outcome of EGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48bdd48f-ac3a-4a62-b0db-02528841d89f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Audited Standalone Financial Results For The Fourth Quarter Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=602e3f4e-95cc-4529-ae6a-37e56726bd3a.pdf) |
| 2025-11-14 | [Unaudited Financial Results Of The Company For The Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07d9f2f1-de9a-47c0-998b-ee1b327cb781.pdf) |
| 2025-05-30 | [Audited Standalone Financial Results Of The Company For The Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=046c94ec-bed9-41a4-bd07-c9f71caca02c.pdf) |
| 2025-03-18 | [Unaudited Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2238fc68-408e-4fd1-98fd-2dc83c95b729.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5h - Mr Devilal J Shah appointed Company Secretary & Compliance Officer effective 14-Feb-2026; ACS A58287, 7+ years' experience. | [Appointment of Company Secretary and Compliance Officer 5h - Mr Devilal J Shah appointed Company Secretary & Compliance Officer effective 14-Feb-2026; ACS A58287, 7+ years' experience.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5d7c5566-bff8-4425-9b1c-c362c547ddac.pdf) |
| 4h - Allotment of 3,57,50,000 shares to Sree Metaliks at ₹18; paid-up capital now ₹144,76,67,000. | [Announcement under Regulation 30 (LODR)-Allotment 4h - Allotment of 3,57,50,000 shares to Sree Metaliks at ₹18; paid-up capital now ₹144,76,67,000.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b4cc2ac8-e705-4d5d-ab3c-6bdde7f77761.pdf) |
| 30 Apr - Citichem India confirms it is not a large corporate as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Citichem India confirms it is not a large corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e9b549d-c3e6-463c-aa92-18be68268e58.pdf) |
| 30 Apr - Citichem India confirms it is not a large corporate as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Citichem India confirms it is not a large corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7e9b549d-c3e6-463c-aa92-18be68268e58.pdf) |
| 21 Jan - Withdraws proposed preferential issue of convertible warrants; board approved Nov 14, 2025; shareholders approved Dec 15, 2025. | [Withdrawal Of Proposed Preferential Issue Of Convertible Warrants 21 Jan - Withdraws proposed preferential issue of convertible warrants; board approved Nov 14, 2025; shareholders approved Dec 15, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5542b07-5989-4427-8d45-899944ca929b.pdf) |
| 21 Feb - Submission of Newspaper Clipping in compliance with Regulation 47 of SEBI (LODR) Regulation, 2015 for notice of Postal Ballot | [Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Feb - Submission of Newspaper Clipping in compliance with Regulation 47 of SEBI (LODR) Regulation, 2015 for notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1646f768-1599-4e91-86ca-f40f46690a84.pdf) |
| 1d - Submission of Newspapers Advertisement-Financial result for the quarter and nine months ended as on 31.12.2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 1d - Submission of Newspapers Advertisement-Financial result for the quarter and nine months ended as on 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7bd39216-df3e-4580-9ae5-06ae6c091b47.pdf) |
| 19 Feb - NSE and BSE fined Rs.4,40,000+GST (Rs.5,19,200) each for ICDR filing delay. | [Disclosure Under Regulation 30 Read With Para A Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015. 19 Feb - NSE and BSE fined Rs.4,40,000+GST (Rs.5,19,200) each for ICDR filing delay.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dbf10606-9b35-4f0b-8813-9ad4c6770497.pdf) |
| 17 Feb - Sree Metaliks converted 3,57,50,000 warrants acquiring 24.69% (35.75m shares) on Feb 17, 2026. | [Disclosure Under Regulation 29(2) Of SEBI (SAST) Regulation 2011 17 Feb - Sree Metaliks converted 3,57,50,000 warrants acquiring 24.69% (35.75m shares) on Feb 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0bbdca65-151d-4639-8b86-a48844a61f48.pdf) |
| 16 Dec 2025 - EGM (15 Dec 2025) approved issuance of up to 4,700,000 convertible warrants on preferential basis. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 16 Dec 2025 - EGM (15 Dec 2025) approved issuance of up to 4,700,000 convertible warrants on preferential basis.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29ae4617-60af-486a-ad31-5402ae47d067.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1556_SALSTEEL_2012_2013_10092013122814.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_SALSTEEL_2011_2012_18092012101123.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f5fd2ec-152e-4d82-8594-4a0a0f4844d8.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79f028cf-0357-4556-b5e4-5b13a7eef802.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b287f93-1ea7-48c7-af16-d9845863b8d5.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a665b43f-9e0a-4ab7-bee0-8792ea00388c.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532604/75653532604.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532604/71336532604.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532604/67752532604.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532604/5326040319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:45.785Z.