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Indokem (INDOKEM) had a P/E of 781.6× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 17% below their 52-week high. Sales grew 1.8% a year over 3 years; its ROCE of 5.6% is the lowest among the 7 largest Specialty Chemicals peers. Debt is 0.42× equity. It is a small-cap company with a market cap of ₹1,787 Cr, ranked 62nd of 204 Specialty Chemicals companies by market cap; the shares rose 9.5% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹615.35
Day high
₹646.70
Day low
₹610.05
Prev. close
₹612.55
Volume
8.8K

Health check

3 fair · 3 to check
  • ReturnsIn line

    +9.5% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 781.6 vs industry 22.1.

  • GrowthSteady

    Sales +1.8% a year over 3 years.

  • ProfitabilityWeak

    ROCE 5.6% vs peer median 24.4%.

  • Balance sheetFair

    Debt 0.42× equity, interest covered 1.6×, Piotroski 4 of 9.

  • Red flags3 to check

    Return on equity is low at 3.0%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹1,787 Cr, #62 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹174 Cr · profit ₹2 Cr
Market cap
₹1,787 Cr
Small cap
P/E
781.6
Industry 22.1
Price to book
27.72
Peers 13.33
Dividend yield
0.00%
ROE
3.0%
Peers 23.0%
ROCE
5.6%
Peers 24.4%
Debt to equity
0.42
Debt ₹27 Cr
EPS (TTM)
₹0.82
Face value ₹10
OPM (TTM)
3.2%
Net margin 1.3%
Sales growth
+17.2%
Latest quarter vs a year ago
Profit growth
+4.9%
Latest quarter vs a year ago
Price to sales
10.25
EV/EBITDA 335.6

Strengths and risks

Strengths

  • Quarterly sales up 17.2% on a year ago.

Risks to check

  • Return on equity is low at 3.0%.
  • P/E of 781.6 against an industry P/E of 22.1.
  • Interest coverage of only 2.0×.

Derived automatically from reported figures. Not a recommendation.

About Indokem

Indokem Limited, together with its subsidiaries, manufactures, exports, and sells dyes, sizing chemicals, and auxiliaries in India. It operates through two segments, Textile Dyes and Chemicals; and Electrical Capacitors. The company provides sizing chemicals, including blends, softeners, binders, lubricants, antistatic liquids, and cold sizing; textile auxiliaries; textile dyes, such as vat, reactive, direct, sulphur liquid, disperse, and acid dyes, and…

Headquarters
Mumbai
Employees
193
Sector
Basic Materials
ISIN
INE716F01012
Website
indokem.co.in

Price range

52 weeks

₹555.00₹770.95

Today

₹610.05₹646.70
Avg volume (3M)
27.8K
1-year return
plus 9.5%
From 52-week high
minus 16.9%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
INDOKEMIndokem640.90plus 4.63%1,787781.6262.75.6%3.5%0.421.8%plus 9.5%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
40.34245.546.647.3
39.141.843.944.445.6
1.20.21.62.21.7
3.0%0.4%3.5%4.8%3.6%
0.52.10.30.30.4
0.81.30.80.81
0.60.60.60.60.6
0.40.40.51.10.4
2.4%–33.3%0.9%–
0.40.40.41.10.4
0.150.150.130.380.15

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+1.8%
ROE
3.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
160165177169
–+3.0%+7.7%minus 4.9%
156165169162
3.80.18.36.9
2.4%0.1%4.7%4.1%
0.70.30.12.3
2.93.12.93.5
2.12.52.32.3
−0.8−1–−1.4
−1.3−6.23.32
–−0.6%4.6%9.3%
−1.3−6.23.21.9
-0.47-2.231.130.67

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
27.927.927.927.9
33.530.833.936.6
22.322.422.126.8
38.646.656.953.7
122128141145
60.365.26458.7
0.500.10.3
0.10.10.10.2
2.72.44.14
58.659.972.681.8
122128141145

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2.54.25−4.2
−3.6−1.5−0.82.8
1.4−3.1−3.21.2
0.2−0.4−3.21.2
−3.6−1.5−1−3.2
−1.22.74−7.4

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you