---
title: "Technichem Organics Ltd (544327) — Share Price, Financials & Analysis"
symbol: "544327"
company: "Technichem Organics Ltd"
canonical: "https://tapetide.com/stocks/544327"
isin: "INE0ZHT01012"
nse_symbol: "TECHNICHEMORGANICSLTD"
bse_code: "544327"
sector: "Retail"
industry: "Speciality Retail"
market_cap_cr: 94.91
generated_at: "2026-09-13T20:15:48.191Z"
---

# Technichem Organics Ltd (544327)

Canonical page: https://tapetide.com/stocks/544327

## Company

- **NSE Symbol:** TECHNICHEMORGANICSLTD
- **BSE Code:** 544327
- **ISIN:** INE0ZHT01012
- **Sector:** Retail
- **Industry:** Speciality Retail
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-01-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** technichemorganics.com

## About

Incorporated in 1996, Technichem Organics Ltd is in the business of manufacturing and exporting Speciality Chemicals. [1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:34.469722Z.

- **Market Cap:** ₹94.91 Cr
- **Classification:** SME
- **P/E (reported):** 33.2
- **Book Value:** ₹27.86
- **Price to Book:** 1.87
- **Dividend Yield:** 0%
- **ROE:** 5.64%
- **ROCE:** 6.84%
- **Debt to Equity:** 0.38
- **Revenue (yearly):** ₹57.8 Cr
- **Net Income:** ₹2.7 Cr
- **EBITDA:** ₹5.7 Cr
- **52-Week High:** ₹61.93
- **52-Week Low:** ₹34.25
- **RSI (14):** 65.16

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 11.5% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 54.1 days to 81.1 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 149.57% | 72.28% | 304.65% |
| ebitda margin growth | -29.63% | -31.32% | -54.14% | 7.17% |
| net income growth | -42.86% | -32.5% | 16% | -20.59% |
| revenue growth | -20.13% | 0.52% | 4% | -3.14% |
| roce | — | -45.15% | -72.49% | 16.12% |
| roe | — | -36.27% | 12.86% | -78.29% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 17.62 | 28.77 | 26.51 | 30.27 | 28.03 | 28.53 |
| Expenses | 14.47 | 22.46 | 22.2 | 26.99 | 25.8 | 26.33 |
| Operating Profit | 3.15 | 6.31 | 4.31 | 3.28 | 2.23 | 2.2 |
| OPM % | 17.88 | 21.93 | 16.26 | 10.84 | 7.96 | 7.71 |
| Other Income | 0.11 | 0.39 | 0.26 | 0.41 | 0.51 | 0.77 |
| Interest | 0.98 | 0.98 | 0.85 | 0.6 | 0.69 | 0.53 |
| Depreciation | 0.81 | 0.89 | 0.8 | 0.83 | 0.84 | 0.96 |
| Profit before tax | 1.47 | 4.83 | 2.92 | 2.26 | 1.21 | 1.48 |
| Tax % | 23.81 | 32.71 | 26.03 | 17.26 | -3.31 | 0 |
| Net Profit | 1.13 | 3.26 | 2.16 | 1.87 | 1.24 | 1.48 |
| EPS in Rs | 4.44 | 12.8 | 1.7 | 1.08 | 0.72 | 0.85 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 66.99 | 50.32 | 46.39 | 56.78 | 56.56 |
| Expenses | 61.52 | 45.96 | 36.92 | 49.19 | 52.15 |
| Operating Profit | 5.47 | 4.36 | 9.47 | 7.59 | 4.41 |
| OPM % | 8.17 | 8.66 | 20.41 | 13.37 | 7.8 |
| Other Income | 0.77 | 0.66 | 0.5 | 0.67 | 1.29 |
| Interest | 0.54 | 1.23 | 1.96 | 1.45 | 1.21 |
| Depreciation | 1.05 | 1.41 | 1.7 | 1.63 | 1.81 |
| Profit before tax | 4.65 | 2.38 | 6.31 | 5.18 | 2.68 |
| Tax % | 26.45 | 27.31 | 30.59 | 22.2 | -1.49 |
| Net Profit | 3.42 | 1.73 | 4.38 | 4.03 | 2.72 |
| EPS in Rs | 13.43 | 6.79 | 17.2 | 2.33 | 1.57 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 2.55 | 2.55 | 2.55 | 17.32 | 17.32 |
| Reserves | 10.62 | 12.35 | 16.76 | 28.22 | 30.94 |
| Borrowings | 10.17 | 15.62 | 16.11 | 15.01 | 18.19 |
| Other Liabilities | 20.82 | 13.73 | 15.51 | 8.83 | 10.38 |
| Total Liabilities | 44.16 | 44.25 | 50.93 | 69.38 | 76.83 |
| Fixed Assets | 22.69 | 31.1 | 25.84 | 30.81 | 33.45 |
| CWIP | 1.16 | 0 | 0.6 | 0.82 | 4.78 |
| Investments | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Other Assets | 20.26 | 13.1 | 24.44 | 37.7 | 38.55 |
| Total Assets | 44.16 | 44.25 | 50.93 | 69.38 | 76.83 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.86 | 3.35 | 2.02 | -7.02 | 3.48 |
| Cash from Investing Activity | -5.19 | -8.39 | -2.33 | -6.83 | -8.4 |
| Cash from Financing Activity | 4.56 | 4.33 | 0.92 | 20.5 | 1.53 |
| Net Cash Flow | 0.23 | -0.71 | 0.6 | 6.66 | -3.38 |
| Free Cash Flow | -4.21 | -5.31 | 0.11 | -13.84 | -4.91 |
| CFO/OP | 29 | 87 | 23 | -70 | 96 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 44.73 | 23.79 | 72.23 | 78.36 | 96.15 |
| Inventory Days | 36.3 | 56.2 | 98.61 | 114.64 | 140.77 |
| Days Payable | 107.05 | 84.91 | 156.28 | 46.5 | 66.19 |
| Cash Conversion Cycle | -26.02 | -4.91 | 14.56 | 146.49 | 170.73 |
| Working Capital Days | -19.18 | -42.94 | 2.52 | 78.68 | 81.12 |
| ROCE % | — | 13.41 | 25.08 | 13.82 | 6.11 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 97.64% | 71.77% | 71.77% | 71.95% |
| FIIs | 0% | 4.69% | 1.09% | 0.4% |
| DIIs | 0% | 2.11% | 1.24% | 1.13% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 19.34% | 21.57% | 20.65% |
| Others | 2.36% | 2.09% | 4.34% | 5.87% |
| No. of Shareholders | 13 | 679 | 643 | 565 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 3 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 45.38 | Buy |
| EMA (10) | 47.75 | Buy |
| SMA (20) | 45.3 | Buy |
| EMA (20) | 46.34 | Buy |
| SMA (50) | 45.18 | Buy |
| EMA (50) | 46.09 | Buy |
| SMA (100) | 46.58 | Buy |
| EMA (100) | 47.03 | Buy |
| SMA (200) | 49.38 | Buy |
| EMA (200) | 48.33 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 68.8 | Neutral |
| MACD (12,26,9) | 1.14 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 19.44 | Neutral |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 2.31 | High Volatility |
| ROC (12) | 21.71 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 85.47 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24c1683a-8bd5-49d7-9ad3-7863c519fefa.pdf) |
| 2026-08-21 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98233880-4297-4624-90a9-b7101966535b.pdf) |
| 2026-08-21 | [Announcement Under Regulation 30 (LODR) - Notice Of 30Th AGM Along With Annual Report 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5444ebd7-4bf3-4049-a0e4-4a1962a49fe7.pdf) |
| 2026-08-21 | [Shareholders Meeting - Submission Of Notice Of 30Th AGM Of The Company Along With Annual Report 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0329587a-7b7e-4acb-aa14-09cc3a0004f9.pdf) |
| 2026-08-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f2ca478-43bb-4257-bfad-7eb499b6dfba.pdf) |
| 2026-07-29 | [Board Meeting Outcome for Outcome Of Board Meeting - Intimation Of Date Of Annual General Meeting & E-Voting & Other Matters](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=652f2297-60f0-4765-bf2f-ab8c578b8280.pdf) |
| 2026-07-29 | [Shareholder Meeting - 30Th Annual General Meeting On 24Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8fece311-8c46-420b-9c7c-03573c878971.pdf) |
| 2026-07-29 | [Announcement Under Regulation 30 (LODR)-Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2c1b2af-7fb3-4b3b-af3c-26783cc9783a.pdf) |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=663134d8-cedd-4c68-abe6-ccd75496f39f.pdf) |
| 2026-07-11 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20652b5f-cdd4-4208-98a4-edce16d9be60.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Mar - Received Prior Environmental Clearance (MOEF&CC) for GIDC Saykha, Bharuch; certificate accessed Mar 5, disclosed Mar 6, 2026. | [Announcement Under Regulation 30 (LODR) 9 Mar - Received Prior Environmental Clearance (MOEF&CC) for GIDC Saykha, Bharuch; certificate accessed Mar 5, disclosed Mar 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27812a41-e9eb-4946-ba8b-bf32b04b3106.pdf) |
| 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no rematerialisation requests. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no rematerialisation requests.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c704b764-d621-4529-8ead-c097431cedd8.pdf) |
| 6 Mar - MoEFCC granted Prior Environmental Clearance for proposed project at GIDC Saykha, Bharuch on 5 March 2026. | [Announcement Under Regulation 30 (LODR) 6 Mar - MoEFCC granted Prior Environmental Clearance for proposed project at GIDC Saykha, Bharuch on 5 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ffce6267-f284-4e28-8731-11c4983dd509.pdf) |
| 6 Feb - CIN changed to L24231GJ1996PLC028917; status updated to Listed after BSE SME listing; MCA master data attached. | [Announcement Under Regulation 30 (LODR) - Intimation Regarding Change Of Corporate Identification Number Of The Company 6 Feb - CIN changed to L24231GJ1996PLC028917; status updated to Listed after BSE SME listing; MCA master data attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4cefffb-f900-4cad-be90-a4481f28fc7b.pdf) |
| 50s - Of Participation in Arihant Capital Bharat Connect Conference on 10.03.2026 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 50s - Of Participation in Arihant Capital Bharat Connect Conference on 10.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a72fee06-6f9f-45a4-bd4e-19b2ac94536a.pdf) |
| 2m - Of Media Release - Salzer expands Smart Metering portfolio with Wirepas - a global leader in wireless mesh integration, Finland | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 2m - Of Media Release - Salzer expands Smart Metering portfolio with Wirepas - a global leader in wireless mesh integration, Finland](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2de98171-b475-4a45-a8bf-80beac6e16d5.pdf) |
| 16 Feb - Installed 1170 kW DC (900 kW AC) solar plant; saves Rs.9 lakh/month. | [Announcement Under Regulation 30(LODR) 16 Feb - Installed 1170 kW DC (900 kW AC) solar plant; saves Rs.9 lakh/month.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2ac2314-7a06-4bb6-a6ca-37f5fc593137.pdf) |
| 16 Feb - Filing of Transcript on the Earning call post held on 12.02.2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 16 Feb - Filing of Transcript on the Earning call post held on 12.02.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dfea52d5-5fe3-489b-96f7-73cf8e274f4b.pdf) |
| 15h - Pre intimation of Participation in Arihant Capital Bharat Connect Conference on Tuesday, 10th March 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15h - Pre intimation of Participation in Arihant Capital Bharat Connect Conference on Tuesday, 10th March 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/236549b5-24b2-4942-a6de-725d73a51d08.pdf) |
| 13 Jan - Certificate under regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended on 31st December, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Jan - Certificate under regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended on 31st December, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e9385b6-ee78-456d-a997-f2a6cac08a16.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Results - Financial Results For March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3db1d608-817a-4dd6-92a8-dbd4fa02f304.pdf) |
| 2025-11-14 | [Results - Financial Results For September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea4da580-f918-45b8-88a1-9c969e499907.pdf) |
| 2025-05-28 | [Results-Financial Results For March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8752c088-7bde-43bb-88b6-5ea9e4544048.pdf) |
| 2025-01-28 | [Unaudited Financial Results Pursuant To Regulation 33(3)(J) Of SEBI LODR Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14100087-9362-407a-800c-353cfa219587.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2017 | [Concall - Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/6f4b9735-a1ce-492b-a449-bd324e23b348.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f5c1df2c-5c0f-4e94-a2d2-bc7b43777197.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7bf26c94-36ae-4600-8c40-d7bb914cbe23.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8efb2404-9fa8-49e3-921e-e812183317d7.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ad54d04-1ac9-4bd3-8645-39a9cd630249.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/285b66d4-0743-495f-a994-b5ba0b6029ac.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26afa04b-2b7d-42c1-a5b2-21a49820fdda.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/6eefb638-0889-4fd2-be0f-50e6e5fb25a3.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/0f8e471f-27c5-4318-bd36-65cb5b9db887.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/c22779ab-9db5-4743-8d5b-5e4997a15ae0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8c92089-a674-4eb3-920d-516a05be2157.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39ce6ae9-2993-4c4a-bb59-ec204204e58c.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b7f73a9-0ff0-43e9-bab0-84d2d178a576.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16fcc0f7-8de0-440f-b1c0-df8c82965605.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/517059/74409517059.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517059/69588517059.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/517059/5170590320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/517059/5170590319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/517059/5170590318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/517059/5170590317.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 2026-09-13T20:15:48.191Z.