AksharChem
AKSHARCHEM NSE
AksharChem
ChemicalsNSE: AKSHARCHEM BSE: 524598 Dyes & Pigments
Key Fundamentals
MicrocapDyes & PigmentsChemicalsMarket Cap
₹312 Cr
Volatility
Moderate
P/E Ratio
24.19
EBITDA
₹33.50 Cr
Return on Equity
19.57%
Debt to Equity
0.41
Book Value
₹325.57
52W High
₹472
52W Low
₹141.3
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- The company has delivered a poor sales growth of 8.61% over past five years.
- Company has a low return on equity of -2.03% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
-6.48% lower than
3Y
Net Income Growth
3.75%
Cash Flow Change
-52.82% lower than
3Y
ROE
-12.59%
ROCE
-10.39%
EBITDA Margin (Avg.)
21.36%
Quarterly Results
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 72 | 73 | 75 | 82 | 86 | 79 | 91 | 91 | 97 | 89 | 80 | 106 | 141 |
| Expenses | 72 | 76 | 70 | 81 | 80 | 73 | 84 | 84 | 91 | 87 | 77 | 100 | 118 |
| Operating Profit | -1 | -3 | 5 | 0 | 6 | 6 | 6 | 6 | 6 | 2 | 3 | 5 | 23 |
| OPM % | -0.9% | -4.4% | 7% | 0.5% | 7% | 8% | 7% | 7% | 7% | 2.6% | 3.6% | 5% | 16% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| PBT | -5 | -8 | 1 | -4 | 2 | 1 | 2 | 1 | 1 | -1 | -3 | -1 | 16 |
| Tax % | 13% | 1% | 57% | 50% | 28% | 26% | 22% | -7% | 31% | -3% | 50% | -584% | 5% |
| Net Profit | -5 | -8 | 0 | -6 | 1 | 1 | 1 | 1 | 1 | -1 | -5 | 5 | 15 |
| EPS in Rs | -6.7 | -9.46 | 0.41 | -7.49 | 1.43 | 1.29 | 1.48 | 1.73 | 0.88 | -1.71 | -5.75 | 6.03 | 18.93 |
Profit & Loss
| 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 | 200 | 188 | 248 | 264 | 323 | 260 | 246 | 380 | 335 | 302 | 346 | 372 | 416 |
| Expenses | 172 | 155 | 171 | 223 | 288 | 234 | 223 | 349 | 319 | 301 | 321 | 355 | 383 |
| Operating Profit | 27 | 32 | 78 | 42 | 34 | 26 | 24 | 32 | 15 | 2 | 25 | 17 | 33 |
| OPM % | 14% | 17% | 31% | 16% | 11% | 10% | 10% | 8% | 4.6% | 0.5% | 7% | 4.6% | 8% |
| Other Income | 3 | 1 | 9 | 7 | 5 | 1 | 1 | 1 | 0 | 0 | 0 | 2 | 2 |
| Interest | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 5 | 7 | 8 |
| Depreciation | 4 | 4 | 5 | 5 | 6 | 7 | 7 | 12 | 13 | 14 | 14 | 17 | 17 |
| PBT | 24 | 26 | 79 | 43 | 33 | 19 | 17 | 18 | 0 | -16 | 6 | -4 | 10 |
| Tax % | 32% | 36% | 33% | 28% | 32% | 18% | 28% | 11% | 88% | 20% | 18% | -90% | — |
| Net Profit | 16 | 17 | 53 | 31 | 23 | 16 | 12 | 16 | -1 | -19 | 5 | 0 | 14 |
| EPS in Rs | 21.88 | 22.75 | 72.37 | 37.26 | 27.54 | 19.16 | 15.24 | 19.81 | -1.17 | -23.25 | 5.94 | -0.55 | 17.5 |
| Div. Payout % | 16% | 15% | 5% | 9% | 13% | 18% | 23% | 3% | -43% | -2% | 8% | -91% | — |
Balance Sheet
| 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 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 64 | 78 | 133 | 230 | 249 | 257 | 271 | 272 | 270 | 251 | 256 | 254 |
| Borrowings | 24 | 31 | 32 | 0 | 12 | 13 | 15 | 50 | 25 | 52 | 67 | 108 |
| Other Liabilities | 51 | 39 | 47 | 61 | 47 | 45 | 62 | 76 | 62 | 70 | 85 | 82 |
| Total Liabilities | 146 | 155 | 219 | 299 | 316 | 323 | 356 | 406 | 365 | 380 | 415 | 452 |
| Fixed Assets | 55 | 56 | 65 | 86 | 126 | 128 | 229 | 231 | 225 | 235 | 232 | 287 |
| CWIP | 2 | 4 | 9 | 26 | 31 | 62 | 6 | 16 | 17 | 11 | 45 | 8 |
| Investments | 18 | 22 | 51 | 77 | 21 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 71 | 72 | 94 | 110 | 138 | 131 | 120 | 159 | 122 | 135 | 139 | 156 |
| Total Assets | 146 | 155 | 219 | 299 | 316 | 323 | 356 | 406 | 365 | 380 | 415 | 452 |
Cash Flow
| 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 | 28 | 13 | 41 | 30 | -9 | 26 | 49 | 4 | 38 | -7 | 35 | 2 |
| Investing | -13 | -11 | -32 | -63 | -2 | -20 | -49 | -24 | -8 | -16 | -44 | -36 |
| Financing | -15 | -2 | -5 | 33 | 7 | -7 | 1 | 18 | -30 | 23 | 9 | 34 |
| Net Cash Flow | 0 | 0 | 3 | 0 | -4 | 0 | 1 | -1 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 23 | 5 | 26 | -14 | -60 | -14 | -2 | -20 | 29 | -23 | -9 | -34 |
| CFO/OP | 124 | 66 | 80 | 102 | 1 | 116 | 211 | 27 | 255 | -759 | 141 | 11 |
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 | 38 | 44 | 20 | 38 | 43 | 42 | 42 | 51 | 39 | 57 | 43 | 61 |
| Inventory Days | 53 | 54 | 102 | 68 | 65 | 104 | 148 | 115 | 99 | 131 | 130 | 119 |
| Days Payable | 111 | 96 | 100 | 70 | 49 | 62 | 97 | 80 | 64 | 88 | 106 | 88 |
| Cash Conversion Cycle | -19 | 2 | 22 | 35 | 59 | 83 | 93 | 86 | 75 | 100 | 67 | 92 |
| Working Capital Days | 8 | 28 | 31 | 56 | 85 | 104 | 75 | 62 | 69 | 55 | 18 | -4 |
| ROCE % | 34% | 27% | 53% | 21% | 13% | 7% | 6% | 6% | 1% | -4% | 3% | 0% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view AksharChem insights
63 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
9 Apr - AksharChem says it is not a Large Corporate under SEBI debt framework; borrowing was Rs 27.96 crore on 31 March 2026. 9 Apr - AksharChem says it is not a Large Corporate under SEBI debt framework; borrowing was Rs 27.96 crore on 31 March 2026.
3
Closure of Trading Window
26 Mar - Trading window closed April 1, 2026 until 48 hours after audited FY2025-26 results. 26 Mar - Trading window closed April 1, 2026 until 48 hours after audited FY2025-26 results.
4
Announcement Under Regulation 30 (LODR)
19 Mar - H-Acid plant at Indrad resumed production effective 19 Mar 2026 after planned maintenance; no material financial impact. 19 Mar - H-Acid plant at Indrad resumed production effective 19 Mar 2026 after planned maintenance; no material financial impact.
5
Announcement under Regulation 30 (LODR)-Credit Rating
26 Feb - CARE reaffirms Aksharchem LT A- for ₹28.41cr and LT/ST ₹80cr; assigns ST A2+ for ₹20cr; outlook Negative 26 Feb 2026 26 Feb - CARE reaffirms Aksharchem LT A- for ₹28.41cr and LT/ST ₹80cr; assigns ST A2+ for ₹20cr; outlook Negative 26 Feb 2026
Frequently Asked Questions about AksharChem
What does AksharChem (India) Ltd do?
Incorporated in 1989, Aksharchem (India) Ltd manufactures & exports Dyes Pigments and Precipitated Silica[1]
Where is AksharChem (India) Ltd (AKSHARCHEM) listed?
AksharChem (India) Ltd trades as AKSHARCHEM on the NSE and under code 524598 on the BSE.
Which sector does AksharChem (India) Ltd belong to?
AksharChem (India) Ltd is classified under the Chemicals sector, in the Dyes & Pigments industry.
What is the market capitalisation of AksharChem (India) Ltd?
AksharChem (India) Ltd has a market capitalisation of ₹311.76 Cr, which places it in the Small Cap band.
What is the PE ratio of AksharChem (India) Ltd?
AksharChem (India) Ltd trades at a PE ratio of 24.19, against a book value of ₹325.57 per share.
What is the 52-week high and low of AksharChem (India) Ltd?
Over the last 52 weeks AksharChem (India) Ltd has traded between ₹141.3 and ₹472.
Does AksharChem (India) Ltd pay dividends?
AksharChem (India) Ltd has a dividend yield of 0.12%.
What is the Return on Equity (ROE) of AksharChem (India) Ltd?
AksharChem (India) Ltd reported a return on equity of 19.57%. Its debt-to-equity ratio is 0.41.
Company Information
Incorporated in 1989, Aksharchem (India) Ltd manufactures & exports Dyes Pigments and Precipitated Silica[1]
Website aksharchemindia.com
CEO Ms. Paru Mrugesh Jaykrishna B.A., LL.B., M.A.
Employees 168
Listed 2002-02-14
Face Value ₹ 10
Issued Size 80,33,099
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