Skip to content
thestock.space

Indian Toners & Developers (INDTONER) had a P/E of 11.5× on 6 Nov 2026, below the industry P/E of 22.1×. Sales and net profit grew 2.2% and 1.2% a year over 3 years; its ROCE of 14% is the second-lowest among the 7 largest Specialty Chemicals peers. It carries very little debt, and its dividend yield is 5.3%. It is a small-cap company with a market cap of ₹295 Cr, ranked 124th of 204 Specialty Chemicals companies by market cap; the shares rose 0.8% over the past year.

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

past year
Open
₹45.65
Day high
₹46.70
Day low
₹45.03
Prev. close
₹46.55
Volume
8.4K

Health check

2 good · 4 to check
  • ReturnsBehind

    +0.8% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 11.5 vs industry 22.1.

  • GrowthSlow

    Sales +2.2%, profit +1.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 14.2% vs peer median 24.4%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 7 of 9.

  • Red flags2 to check

    Quarterly profit down 22.2% on a year ago.

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

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹295 Cr, #124 of 204 in its industry by size.

Defensive

Beta 0.23 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹165 Cr · profit ₹26 Cr
Market cap
₹295 Cr
Small cap
P/E
11.5
Industry 22.1
Price to book
0.97
Peers 13.33
Dividend yield
5.26%
ROE
11.2%
Peers 23.0%
ROCE
14.2%
Peers 24.4%
Debt to equity
0.00
Debt ₹0.31 Cr
EPS (TTM)
₹3.97
Face value ₹2
OPM (TTM)
20.3%
Net margin 15.5%
Sales growth
−7.4%
Latest quarter vs a year ago
Profit growth
−22.2%
Latest quarter vs a year ago
Price to sales
1.79
EV/EBITDA 3.7

Strengths and risks

Strengths

  • Practically debt-free.
  • Dividend yield of 5.26%.
  • P/E of 11.5 against an industry P/E of 22.1.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 22.2% on a year ago.
  • Quarterly sales down 7.4% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Indian Toners & Developers

Indian Toners & Developers Limited manufactures and sells compatible toners in India and internationally. The company offers laser, copier/digital, and wide format copier and printer toners, as well as packaging products. Its products are primarily used in laser, digital multi-function, and wide format printers, as well as photocopiers, digital machines, and analogue copiers. The company sells its products under the ITDL Color Premium, Supremo, and…

Headquarters
New Delhi
Employees
226
Sector
Basic Materials
ISIN
INE826B01026
Website
indiantoners.com

Price range

52 weeks

₹44.10₹48.79

Today

₹45.03₹46.70
Avg volume (3M)
20K
1-year return
plus 0.8%
From 52-week high
minus 6.4%

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%
INDTONERIndian Toners & Developers45.65minus 1.93%23711.53.714.2%20.3%0.002.2%plus 0.8%
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
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
39.138.942.145.736.2
30.531.633.435.629.4
8.67.38.710.26.8
22.1%18.7%20.7%22.3%18.9%
1.61.21.51.42.5
00000
1.31.31.31.31.3
––−0.4––
8.97.18.510.28
11.5%24.6%24.9%25.3%23.5%
7.85.46.47.66.1
0.301.041.231.470.23

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.2%
Profit CAGR 3Y
+1.2%
EPS CAGR 3Y
+2.6%
ROE
11.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
155157152165
–+1.4%minus 2.7%+8.4%
119123119130
35.333.533.234.9
22.8%21.4%21.8%21.1%
1.56.21.72.1
0.30.20.20.2
3.95.45.45.3
1.5–4.23.1
34.134.133.534.7
22.8%23.2%33.0%21.5%
26.326.122.427.2
–minus 0.7%minus 14.1%+21.3%
4.854.824.235.24

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
10.910.910.410.4
177199191222
21.61.10.6
20.921.326.628.2
211232230261
70.777.680.489.3
1.60.30.30.4
10.48.712.34.6
70.284.481.2108
58.361.555.459.3
211232230261

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
20.82426.135.9
−22.7−11.616.5−52.1
−4.5−5.6−31.1−6.8
−6.46.811.5−23
−24.2−12.1−10.4−3.5
−3.411.915.732.4
−3.8−4.9−4.7−6.2

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