On 6 Nov 2026, Chembond Material Technologies was priced at ₹181.54, or 17.9× trailing earnings, against an industry P/E of 22.1×, and the shares are 23% below their 52-week high. Its ROCE of 9.4% is the lowest among the 7 largest Specialty Chemicals peers, and sales and net profit fell 17% and 20% a year over 3 years. It has almost no debt, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹244 Cr, ranked 123rd of 204 Specialty Chemicals companies by market cap; the shares rose 10% over the past year.
- ₹185.00
- ₹188.00
- ₹176.20
- ₹188.15
- 5.3K
Health check
- ReturnsIn line
+10.2% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 17.9 vs industry 22.1.
- GrowthShrinking
Sales −17.2%, profit −19.9% a year over 3 years.
- ProfitabilityWeak
ROCE 9.4% vs peer median 24.4%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
Return on equity is low at 8.0%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹244 Cr
- Small cap
- P/E
- 17.9
- Industry 22.1
- Price to book
- 1.46
- Peers 13.33
- Dividend yield
- 1.10%
- ROE
- 8.0%
- Peers 23.0%
- ROCE
- 9.4%
- Peers 24.4%
- Debt to equity
- 0.02
- Debt ₹4.16 Cr
- EPS (TTM)
- ₹10.16
- Face value ₹5
- OPM (TTM)
- 10.2%
- Net margin 5.5%
- Sales growth
- +32.3%
- Latest quarter vs a year ago
- Profit growth
- +52.1%
- Latest quarter vs a year ago
- Price to sales
- 0.92
- EV/EBITDA 11.8
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 52.1% on a year ago.
- Quarterly sales up 32.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 8.0%.
About Chembond Material Technologies
Chembond Material Technologies Limited manufactures, sells, and trades specialty chemicals in India and internationally. It offers high performance coatings, automotive sealants, metal treatment chemicals, engineering adhesives, and animal health and industrial biotech products. The company also provides material technologies, metal treatment chemicals, automotive sealants, engineering adhesives, coatings, and paint booth solutions, as well as maintenance…
- Headquarters
- Navi Mumbai
- Employees
- 283
- Sector
- Basic Materials
- ISIN
- INE995D01025
- Website
- chembond.in
Price range
- Avg volume (3M)
- 16.3K
- 1-year return
- plus 10.2%
- From 52-week high
- minus 23.3%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| CHEMBONDChembond Material Technologies | 181.54 | minus 3.51% | 244 | 17.9 | 11.4 | 9.4% | 10.6% | 0.02 | −17.2% | plus 10.2% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 52.2 | 65.4 | 62.9 | 71.8 | 86.5 | |
| – | – | – | +37.4% | +32.3% | |
| 48.6 | 57 | 58.8 | 66.5 | 75.2 | |
| 3.6 | 8.4 | 4.1 | 5.3 | 11.3 | |
| 6.9% | 12.9% | 6.6% | 7.3% | 13.1% | |
| 1.7 | 2.7 | 1.6 | −0.5 | 2.8 | |
| 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | |
| 0.7 | 1.2 | 0.8 | 0.8 | 1.2 | |
| – | – | −1.8 | 0.5 | – | |
| 4.5 | 9.8 | 3 | 4.3 | 12.8 | |
| 25.2% | 36.0% | 46.4% | 19.6% | 25.3% | |
| 3.4 | 6.3 | 1.6 | 3.5 | 9.5 | |
| – | – | – | +3.8% | +52.1% | |
| 2.50 | 2.33 | 1.18 | 2.59 | 3.54 |
Profit & loss
- Sales CAGR 3Y
- −17.2%
- Profit CAGR 3Y
- −19.9%
- EPS CAGR 3Y
- −19.9%
- ROE
- 8.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 439 | 178 | 199 | 249 | |
| – | minus 59.6% | +12.0% | +25.4% | |
| 402 | 171 | 185 | 230 | |
| 37.1 | 6.9 | 14.2 | 19.1 | |
| 8.4% | 3.9% | 7.1% | 7.7% | |
| 0.4 | 0.9 | 1.6 | 1.8 | |
| 0.5 | 0.7 | 0.6 | 0.3 | |
| 4.5 | 2.9 | 2.6 | 3.5 | |
| 1.5 | 12.5 | 6.9 | −1.6 | |
| 33.9 | 16.7 | 19.5 | 15.5 | |
| 25.9% | 33.1% | 9.8% | 16.9% | |
| 25.1 | 11.2 | 17.6 | 12.9 | |
| – | minus 55.5% | +57.1% | minus 26.6% | |
| 18.66 | 8.31 | 13.06 | 9.59 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.7 | 6.7 | 6.7 | 6.7 | |
| 315 | 137 | 149 | 160 | |
| 6.5 | 6.7 | 2.6 | 4.2 | |
| 73.7 | 41.3 | 42.9 | 48.3 | |
| 402 | 191 | 202 | 219 | |
| 54.2 | 38.9 | 40.8 | 42.2 | |
| 12.9 | 13.3 | 7.5 | 2.1 | |
| 43.2 | 42.5 | 51.5 | 50.3 | |
| 37 | 25.9 | 34.5 | 30 | |
| 255 | 70.7 | 67.4 | 94.8 | |
| 402 | 191 | 202 | 219 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.9 | 94.3 | 19.5 | 14.8 | |
| 1.4 | −89.3 | −7.7 | −10.2 | |
| −2.1 | −4.6 | −9.4 | −1.2 | |
| 0.2 | 0.4 | 2.4 | 3.4 | |
| −14.6 | −11.1 | −4.4 | −21.1 | |
| −13.7 | 83.2 | 15.1 | −6.3 | |
| −6.8 | −4 | −4.7 | −2.4 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.