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On 6 Nov 2026, Ishan Dyes and Chemicals was priced at ₹44.41, or 50.5× trailing earnings, against an industry P/E of 18.2×, and the shares are 40% below their 52-week high. It earns ROCE of 0.7% and ROE of 1.8%, and sales grew 4.3% a year over 3 years. Debt is 0.65× equity. It is a small-cap company with a market cap of ₹121 Cr, ranked 59th of 76 Chemicals companies by market cap; the shares fell 41% 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
₹45.68
Day high
₹45.68
Day low
₹42.71
Prev. close
₹44.59
Volume
1.7K

Health check

1 good · 5 to check
  • ReturnsBehind

    −41.5% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 50.5 vs industry 18.2.

  • GrowthStrong

    Sales +4.3% a year over 3 years.

  • ProfitabilityWeak

    ROCE 0.7% vs peer median 10.6%.

  • Balance sheetStretched

    Debt 0.65× equity, interest covered 0.6×.

  • Red flags4 to check

    Return on equity is low at 1.8%.

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

Chemicals

75 listed peers. Screen the industry

Small cap

₹121 Cr, #59 of 76 in its industry by size.

Moves with the market

Beta 0.89 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Sep 2026: sales ₹112 Cr · profit ₹3 Cr
Market cap
₹121 Cr
Small cap
P/E
50.5
Industry 18.2
Price to book
0.82
Peers 2.62
Dividend yield
0.00%
ROE
1.8%
Peers 11.7%
ROCE
0.7%
Peers 10.6%
Debt to equity
0.65
Debt ₹97 Cr
EPS (TTM)
₹0.88
Face value ₹10
OPM (TTM)
15.5%
Net margin 2.3%
Sales growth
+202.2%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
1.08
EV/EBITDA 12.4

Strengths and risks

Strengths

  • Quarterly sales up 202.2% on a year ago.
  • Promoter stake up from 38.5% to 40.1%.

Risks to check

  • Return on equity is low at 1.8%.
  • P/E of 50.5 against an industry P/E of 18.2.
  • 40% below its 52-week high.
  • Interest coverage of only 0.6×.

Derived automatically from reported figures. Not a recommendation.

About Ishan Dyes and Chemicals

Ishan Dyes and Chemicals Limited manufactures, trades, exports, imports, and deals in chemicals used in dyes and pigments in India. The company's product portfolio includes CPC Blue, pigment alpha blue, and pigment beta blue range of products like copper phthalocyanine crude blue, solvent dye, and pigment alpha, beta blue. Its products are used in paints, textiles, inks, plastics, rubber and other industries. Ishan Dyes and Chemicals Limited was…

Headquarters
Ahmedabad
Employees
146
Sector
Basic Materials
ISIN
INE561M01018
Website
ishandyes.com

Price range

52 weeks

₹41.71₹74.00

Today

₹42.71₹45.68
Avg volume (3M)
48.2K
1-year return
minus 41.5%
From 52-week high
minus 40.0%

Peers · Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
NAVINFLUORNavin Fluorine International9,010.00plus 1.87%46,25050.842.718.7%34.3%0.2816.5%plus 46.1%
DEEPAKNTRDeepak Nitrite1,533.60minus 0.67%20,91719.722.310.8%18.0%0.27−0.5%minus 11.9%
TATACHEMTata Chemicals607.45minus 1.36%15,475–12.4−3.0%12.2%0.36−4.8%minus 31.0%
DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp.1,155.30minus 0.69%14,59914.811.511.2%17.6%0.762.6%minus 22.7%
RPELRaghav Productivity Enhancers1,780.80plus 0.95%8,178116.0107.1–29.9%0.0223.5%plus 95.4%
GNFCGujarat Narmada Valley Fertilizers and Chemicals451.80minus 1.87%6,6396.35.410.4%14.8%0.01−8.8%minus 7.2%
ACIArchean Chemical Industries416.40minus 1.95%5,14151.323.27.7%20.0%0.28−9.2%minus 34.6%
ISHANCHIshan Dyes and Chemicals44.41minus 0.40%12150.5––41.4%0.65–minus 41.5%
Median of 7 peers–−0.69%14,59935.222.310.6%18.0%0.28−0.5%−11.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
6.718.731.841.520.4
8.420.726.238.19.9
−1.7−25.63.410.5
−25.0%−10.6%17.6%8.1%51.5%
0.10.91.71.40.5
1.61.32.92.52.4
0.61.62.122.1
−3.7−42.40.26.5
2.5%−30.8%38.0%14.9%4.6%
−3.6−5.31.50.26.2
-1.68-2.010.560.062.28

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.3%
ROE
1.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
64.776.710173.5
–+18.5%+32.3%minus 27.6%
63.573.394.269.4
1.23.37.34.1
1.8%4.4%7.2%5.5%
1.72.62.32.1
1.52.54.86.3
2.72.82.54.8
0.1−0.1−0.2–
−1.20.52.1−5
2.1%75.8%48.8%−43.3%
−1.20.11.1−7.1
––+825.0%minus 755.2%
-0.650.060.52-3.00

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
21212127.3
81.881.882.9115
22.459.492.191.4
5.71725.922.5
131179222256
62.192.9133167
0.529.1713.5
0000
0.30.20.30.4
67.95717.985.1
131179222256

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
20.2−9.311.68.6
−40.5−25.1−39.2−44.8
20.334.327.536.5
0−0.1−00.3
−28.8−33.4−42.1−39.2
−8.6−42.6−30.5−30.6

Shareholding pattern

Source: NSE filings
40.1%
promoters
  • Promoters40.15%
  • Public59.85%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202640.15%59.85%0.00
30 Jun 202640.15%59.85%0.00
31 Mar 202640.15%59.85%0.00
28 Mar 202640.15%59.85%plus 1.67
21 Mar 202638.48%61.52%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you