Acutaas Chemicals (ACUTAAS) had a P/E of 70.9× on 6 Nov 2026, above the industry P/E of 22.1×. It earns ROCE of 28% and ROE of 26%, and sales and net profit grew 29% and 62% a year over 3 years. It has almost no debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹31,001 Cr, ranked 7th of 204 Specialty Chemicals companies by market cap; the shares rose 106% over the past year.
- ₹3,760.00
- ₹3,820.00
- ₹3,704.90
- ₹3,770.80
- 2.7 L
Health check
- ReturnsAhead
+105.6% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 70.9 vs industry 22.1.
- GrowthStrong
Sales +29.4%, profit +62.3% a year over 3 years.
- ProfitabilityStrong
ROCE 27.7% vs peer median 21.0%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
P/E of 70.9 against an industry P/E of 22.1.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹31,001 Cr
- Small cap
- P/E
- 70.9
- Industry 22.1
- Price to book
- 16.69
- Peers 11.23
- Dividend yield
- 0.07%
- ROE
- 26.1%
- Peers 18.5%
- ROCE
- 27.7%
- Peers 21.0%
- Debt to equity
- 0.01
- Debt ₹15 Cr
- EPS (TTM)
- ₹53.42
- Face value ₹5
- OPM (TTM)
- 39.4%
- Net margin 27.6%
- Sales growth
- +42.7%
- Latest quarter vs a year ago
- Profit growth
- +73.3%
- Latest quarter vs a year ago
- Price to sales
- 19.47
- EV/EBITDA 49.4
Strengths and risks
Strengths
- Return on equity of 26.1%.
- Return on capital employed of 27.7%.
- Practically debt-free.
- Quarterly profit up 73.3% on a year ago.
- Quarterly sales up 42.7% on a year ago.
Risks to check
- P/E of 70.9 against an industry P/E of 22.1.
About Acutaas Chemicals
Acutaas Chemicals Limited engages in the research and development, manufacture, and sale of pharmaceutical intermediates in India and internationally. The company offers pharma intermediates for use in regulated and generic active pharmaceutical ingredients, as well as new chemical entities. It also provides specialty chemicals, including photoresist chemicals for semiconductor applications; electrolyte additives for lithium battery cells; and parabens,…
- Headquarters
- Surat
- Employees
- 1,007
- Sector
- Basic Materials
- ISIN
- INE00FF01025
- Website
- acutaas.com
Price range
- Avg volume (3M)
- 5 L
- 1-year return
- plus 105.6%
- From 52-week high
- minus 6.4%
Analyst consensus
Peers · Specialty Chemicals
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 11.23 | 24.4% | 23.0% | 18.9% | 1.1% | 1.7% | 1.13% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 21.94 | 29.5% | 35.1% | 27.8% | 12.4% | 30.4% | 0.06% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 14.33 | 28.5% | 25.7% | 23.5% | 7.4% | 24.4% | 0.73% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 13.33 | 16.3% | 11.8% | 31.5% | – | – | 0.06% | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 7.88 | 20.6% | 18.4% | 15.3% | 4.2% | 9.4% | 0.84% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 6.11 | 9.6% | 8.3% | 24.1% | −4.5% | −24.3% | 0.06% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 16.69 | 27.7% | 26.1% | 39.4% | 29.4% | 62.3% | 0.07% | plus 105.6% |
| HSCLHimadri Speciality Chemical | 568.15 | minus 0.07% | 28,667 | 33.5 | 5.58 | 21.0% | 18.5% | 21.8% | 3.7% | 51.5% | 0.14% | plus 22.9% |
| Median of 7 peers | – | 0.48% | 58,496 | 60.0 | 11.23 | 21.0% | 18.5% | 23.5% | 4.0% | 16.9% | 0.14% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 207 | – | 393 | 422 | 330 | 437 | |
| 156 | – | 243 | 238 | 217 | 261 | |
| 50.9 | – | 151 | 184 | 113 | 176 | |
| 24.6% | – | 38.3% | 43.6% | 34.3% | 40.3% | |
| 15.9 | – | 4.7 | 10 | 1.8 | 5.1 | |
| 0.6 | – | 0.9 | 0.7 | 1.1 | 1 | |
| 8.1 | – | 9.8 | 9.6 | 9.8 | 12.7 | |
| – | – | – | 0 | – | – | |
| 58.1 | – | 145 | 184 | 104 | 167 | |
| 24.2% | – | 26.6% | 26.9% | 27.8% | 26.4% | |
| – | 72.2 | 108 | 132 | 74.3 | 125 | |
| 5.41 | – | 13.10 | – | 9.04 | 15.24 |
Profit & loss
- Sales CAGR 3Y
- +29.4%
- Profit CAGR 3Y
- +62.3%
- EPS CAGR 3Y
- +96.5%
- ROE
- 26.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 613 | 713 | 1,000 | 1,329 | |
| – | +16.3% | +40.2% | +32.9% | |
| 490 | 609 | 768 | 848 | |
| 123 | 104 | 232 | 481 | |
| 20.1% | 14.6% | 23.2% | 36.2% | |
| 4.3 | 31.9 | 16.3 | 40.5 | |
| 2.4 | 5.9 | 5.6 | 2.8 | |
| 12.3 | 16.1 | 26.6 | 36 | |
| −0.7 | −31.9 | 0 | 0 | |
| 112 | 81.9 | 216 | 483 | |
| 25.7% | 40.5% | 25.8% | 26.2% | |
| 83.3 | 42.8 | 159 | 356 | |
| – | minus 48.6% | +271.1% | +124.5% | |
| 11.43 | 5.83 | 19.81 | 43.37 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 36.4 | 36.9 | 40.9 | 40.9 | |
| 558 | 637 | 1,269 | 1,613 | |
| 3.6 | 217 | 12.9 | 35.6 | |
| 169 | 205 | 227 | 295 | |
| 767 | 1,096 | 1,549 | 1,984 | |
| 260 | 530 | 687 | 983 | |
| 38.5 | 170 | 182 | 349 | |
| 3.3 | 0.9 | 0.2 | 0.2 | |
| 58.7 | 53.3 | 249 | 225 | |
| 406 | 341 | 431 | 427 | |
| 767 | 1,096 | 1,549 | 1,984 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 65.5 | 125 | 118 | 292 | |
| −33 | −365 | −224 | −266 | |
| −12.3 | 239 | 261 | 4.1 | |
| 20.2 | −0.9 | 156 | 30.3 | |
| −96.4 | −315 | −195 | −328 | |
| −30.9 | −190 | −76.3 | −35.8 | |
| −10.9 | −10.9 | −12.3 | −12.3 |
Shareholding pattern
- Promoters32.66%
- Public67.34%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 32.66% | 67.34% | 0.00 | |
| 30 Jun 2026 | 32.66% | 67.34% | 0.00 | |
| 31 Mar 2026 | 32.66% | 67.34% | 0.00 | |
| 31 Dec 2025 | 32.66% | 67.34% | 0.00 | |
| 30 Sep 2025 | 32.66% | 67.34% | – |
Major shareholders
Filings & events
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