As of 6 Nov 2026, Kemistar Corporation trades at 0.1× trailing earnings, below the industry P/E of 22.1×, and the shares are 50% below their 52-week high. Its ROCE of 3.8% is the lowest among the 7 largest Specialty Chemicals peers, and sales grew 14% a year over 3 years while net profit fell 13%. Its dividend yield is 0.5%, and debt is 0.49× equity. It is a small-cap company with a market cap of ₹47 Cr, ranked 167th of 204 Specialty Chemicals companies by market cap; the shares fell 43% over the past year.
- ₹46.70
- ₹46.70
- ₹43.90
- ₹46.64
- 376
Health check
- ReturnsBehind
−42.9% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 0.1 vs industry 22.1.
- GrowthSteady
Sales +14.1%, profit −12.7% a year over 3 years.
- ProfitabilityWeak
ROCE 3.8% vs peer median 24.4%.
- Balance sheetFair
Debt 0.49× equity, interest covered 4.2×, Piotroski 6 of 9.
- Red flags2 to check
Return on equity is low at 3.0%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹47 Cr
- Small cap
- P/E
- 0.1
- Industry 22.1
- Price to book
- 2.50
- Peers 13.33
- Dividend yield
- 0.45%
- ROE
- 3.0%
- Peers 23.0%
- ROCE
- 3.8%
- Peers 24.4%
- Debt to equity
- 0.49
- Debt ₹9.32 Cr
- EPS (TTM)
- ₹394.25
- OPM (TTM)
- 5.3%
- Net margin 2.0%
- Sales growth
- +251.1%
- Latest quarter vs a year ago
- Profit growth
- +125.3%
- Latest quarter vs a year ago
- Price to sales
- 1.39
- EV/EBITDA 37.1
Strengths and risks
Strengths
- Quarterly profit up 125.3% on a year ago.
- Quarterly sales up 251.1% on a year ago.
- P/E of 0.1 against an industry P/E of 22.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 3.0%.
- 50% below its 52-week high.
About Kemistar Corporation
Kemistar Corporation Limited, together with its subsidiary, engages in the manufacture, import, export, and trading of chemicals, dyes, pigments, pesticides, intermediates, and specialty chemicals in India. The company also offers optical brightening agents, food colors, and paper dyes; renewable sector, inorganic, and agro chemicals; and battery chemicals. In addition, it provides e-waste, battery, and solar panel recycling services, as well as contract…
- Headquarters
- Ahmedabad
- Employees
- 2
- Sector
- Basic Materials
- ISIN
- INE971L01029
- Website
- kp-group.in
Price range
- Avg volume (3M)
- 1.6K
- 1-year return
- minus 42.9%
- From 52-week high
- minus 50.5%
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% |
| KEMISTARKemistar Corporation | 44.07 | minus 5.51% | 47 | 0.1 | 41.5 | 3.8% | 5.3% | 0.49 | 14.1% | minus 42.9% |
| 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 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2.9 | 8.6 | 5.5 | 10.1 | 10 | |
| 2.6 | 8.4 | 5.2 | 9.5 | 9.2 | |
| 0.3 | 0.2 | 0.3 | 0.5 | 0.8 | |
| 9.0% | 2.3% | 4.6% | 5.1% | 8.5% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.2 | −0.2 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | |
| 0.1 | 0 | 0 | 0.6 | 0.4 | |
| – | – | – | 31.3% | 34.5% | |
| 0.1 | 0 | 0 | 0.4 | 0.3 | |
| 0.10 | 0.01 | 0.01 | 394.00 | 0.23 |
Profit & loss
- Sales CAGR 3Y
- +14.1%
- Profit CAGR 3Y
- −12.7%
- EPS CAGR 3Y
- −12.6%
- ROE
- 3.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18.2 | 11.1 | 18.1 | 27 | |
| – | minus 39.1% | +63.9% | +48.6% | |
| 16.6 | 9.6 | 16.9 | 25.6 | |
| 1.6 | 1.5 | 1.3 | 1.3 | |
| 8.7% | 13.4% | 6.9% | 5.0% | |
| 0.2 | −0.1 | 0 | −0 | |
| 0.2 | 0.3 | 0.2 | 0.2 | |
| 0.5 | 0.4 | 0.4 | 0.3 | |
| 0 | 0 | 0 | −0 | |
| 1.1 | 0.7 | 0.7 | 0.8 | |
| 26.5% | 26.6% | 18.9% | 25.7% | |
| 0.8 | 0.5 | 0.6 | 0.6 | |
| – | minus 36.7% | +13.2% | minus 7.2% | |
| 0.78 | 0.49 | 0.56 | 0.52 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.8 | 10.8 | 10.8 | 10.8 | |
| 6.8 | 7.2 | 7.7 | 8.2 | |
| 2.8 | 6.9 | 8.1 | 9.3 | |
| 3.8 | 3.8 | 2.4 | 9.6 | |
| 24.1 | 28.7 | 29 | 37.8 | |
| 7.5 | 11.4 | 13.3 | 14.6 | |
| 2.3 | 6.4 | 8.3 | 9.6 | |
| 1.8 | 1.6 | 1.4 | 1.3 | |
| 12.6 | 9.4 | 6 | 12.3 | |
| 24.1 | 28.7 | 29 | 37.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 0.6 | 0.2 | 1 | |
| −2.5 | −4.2 | −1.2 | −1.1 | |
| −0.5 | 3.6 | 0.9 | 0.3 | |
| 0 | 0 | −0.1 | 0.3 | |
| −2.3 | −4.2 | −2.3 | −1.4 | |
| 3 | −3.6 | −2.1 | −0.3 | |
| −0.1 | −0.1 | −0.1 | −0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.