Ishan Dyes and chemicals Ltd
ISHANCH NSE
Ishan Dyes and chemicals Ltd
ChemicalsNSE: ISHANCH BSE: 531109 Specialty Chemicals
Key Fundamentals
MicrocapSpecialty ChemicalsChemicalsMarket Cap
₹132 Cr
Volatility
Moderate
P/E Ratio
-18.2
EBITDA
₹3.74 Cr
Return on Equity
1.04%
Debt to Equity
0.64
Book Value
₹51.61
52W High
₹83.37
52W Low
₹45
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
4- Stock is trading at 0.93 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 55.6 days to 33.8 days
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.11% 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%
Growth Rate
Revenue Growth
-29.69% ↘
Net Income Growth
-551.82% ↘
Cash Flow Change
225.38% ↗
ROE
845.45% ↗
ROCE
101.61% ↗
EBITDA Margin (Avg.)
-47.53% ↘
Quarterly Results
| 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 | 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 |
| 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 |
| 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 |
| 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% |
| 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 |
| 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 |
| 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 |
| PBT | -1.73 | -0.06 | -1.27 | 3.54 | 0.91 | 1.36 | 0.67 | -0.82 | 0.4 | -3.71 | -4.01 | 2.36 | 0.18 |
| 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% |
| Net Profit | -1.77 | -0.32 | -1.47 | 3.68 | 0.88 | 1.32 | 0.05 | -1.16 | 0.3 | -3.62 | -5.25 | 1.46 | 0.16 |
| EPS in Rs | -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 |
Profit & Loss
| 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 | 73.47 | 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 | 69.73 | 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 in Rs | 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
| 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 | 90.29 |
| Other Liabilities | 11.5 | 6.67 | 9.84 | 9.63 | 9.26 | 9.96 | 15.2 | 9.94 | 5.67 | 17.01 | 25.93 | 23.57 |
| 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 | 3.51 |
| 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
| 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/OP | 175 | -12 | 45 | 165 | 83 | 46 | 10 | -32 | 1,797 | -285 | 183 | 234 |
Ratios
| 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 | -2.38 | 33.83 |
| 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% |
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Aug - We are submitting herewith Copies of Newspaper Publication in respect of information regarding 33rd Annual General Meeting of the Company. 22 Aug - We are submitting herewith Copies of Newspaper Publication in respect of information regarding 33rd Annual General Meeting of the Company.
2
Board Meeting Intimation for Audited Standalone Financial Results Of The Company For The Quarter And The Financial Year Ended 31St March 2026.
8h - Board meeting on 28 May 2026 to approve audited standalone results for FY ended 31 March 2026. 8h - Board meeting on 28 May 2026 to approve audited standalone results for FY ended 31 March 2026.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Company confirms it is not a Large Corporate as of 31 March 2026. 28 Apr - Company confirms it is not a Large Corporate as of 31 March 2026.
Frequently Asked Questions about Ishan Dyes and chemicals Ltd
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[1]
Where is Ishan Dyes and chemicals Ltd (ISHANCH) listed?
Ishan Dyes and chemicals Ltd is listed on the Indian stock exchanges. It is listed on NSE: ISHANCH and BSE: 531109. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ishan Dyes and chemicals Ltd belong to?
Ishan Dyes and chemicals Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ishan Dyes and chemicals Ltd?
Ishan Dyes and chemicals Ltd has a market capitalisation of approximately ₹131.85 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Ishan Dyes and chemicals Ltd?
The Price-to-Earnings (PE) ratio of Ishan Dyes and chemicals Ltd is -18.20. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ishan Dyes and chemicals Ltd?
Over the past 52 weeks, Ishan Dyes and chemicals Ltd has traded between a low of ₹45 and a high of ₹83.37. This range helps investors understand the stock's price volatility and recent trading levels.
Does Ishan Dyes and chemicals Ltd pay dividends?
Yes, Ishan Dyes and chemicals Ltd has a dividend yield of 2.59%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Ishan Dyes and chemicals Ltd?
Ishan Dyes and chemicals Ltd has a Return on Equity (ROE) of 1.04%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ishan Dyes and chemicals Ltd on Tapetide?
On Tapetide, you can view Ishan Dyes and chemicals Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
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[1]