Resonance Specialties (BSE: RESONANCE) had a P/E of 18.1× on 6 Nov 2026, below the industry P/E of 18.2×. It earns ROCE of 19% and ROE of 28%, and sales and net profit grew 15% and 28% a year over 3 years. It has almost no debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹263 Cr, ranked 48th of 76 Chemicals companies by market cap; the shares rose 141% over the past year.
- ₹229.00
- ₹231.00
- ₹224.00
- ₹229.15
- 20K
Health check
- ReturnsAhead
+141.5% over a year, better than 7 of 7 peers.
- Price tagIn line
P/E 18.1 vs industry 18.2.
- GrowthStrong
Sales +15.2%, profit +27.6% a year over 3 years.
- ProfitabilityAverage
ROCE 18.8% vs peer median 10.6%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹263 Cr
- Small cap
- P/E
- 18.1
- Industry 18.2
- Price to book
- 3.05
- Peers 2.62
- Dividend yield
- 0.44%
- ROE
- 28.0%
- Peers 11.7%
- ROCE
- 18.8%
- Peers 10.6%
- Debt to equity
- 0.00
- Debt ₹0.16 Cr
- EPS (TTM)
- ₹12.58
- OPM (TTM)
- 18.6%
- Net margin 18.7%
- Sales growth
- +53.2%
- Latest quarter vs a year ago
- Profit growth
- +252.3%
- Latest quarter vs a year ago
- Price to sales
- 2.30
- EV/EBITDA 8.9
Strengths and risks
Strengths
- Return on equity of 28.0%.
- Practically debt-free.
- Quarterly profit up 252.3% on a year ago.
- Quarterly sales up 53.2% on a year ago.
About Resonance Specialties
Resonance Specialties Limited engages in the manufacture and marketing of specialty chemicals in India and internationally. It offers pyridine, a chemical used in agrochemicals, pharmaceuticals, latexes, food, and allied industries, as well as to manufacture vitamins, medicines, food flavoring, dyes, adhesives, pesticides, herbicides, etc.; and picolines, including beta and gamma picolines used in manufacturing vinyl latex rubber, vitamin B3, and…
- Headquarters
- Mumbai
- Employees
- 74
- Sector
- Basic Materials
- ISIN
- INE486D01017
- Website
- resonancesl.com
Price range
- Avg volume (3M)
- 32.1K
- 1-year return
- plus 141.5%
- From 52-week high
- minus 8.1%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| RESONANCEResonance Specialties | 227.80 | minus 0.59% | 263 | 18.1 | 17.9 | 18.8% | 18.6% | 0.00 | 15.2% | plus 141.5% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 21.3 | 21.5 | 23 | 24.5 | 32.6 | |
| 18.7 | 19.2 | 19.5 | 18.8 | 25.1 | |
| 2.6 | 2.4 | 3.5 | 5.6 | 7.5 | |
| 12.0% | 11.0% | 15.0% | 23.1% | 22.9% | |
| 0.2 | 0.4 | 0.3 | 0.7 | 0.5 | |
| 0.1 | 0.1 | 0.1 | 0 | 0 | |
| 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| 2.4 | 2.3 | 3.4 | 6 | 7.6 | |
| 31.3% | 28.8% | 25.7% | 23.3% | 24.9% | |
| 1.6 | 1.7 | 2.5 | 4.6 | 5.7 | |
| 1.41 | 1.44 | 2.18 | 3.98 | 4.98 |
Profit & loss
- Sales CAGR 3Y
- +15.2%
- Profit CAGR 3Y
- +27.6%
- EPS CAGR 3Y
- +27.6%
- ROE
- 28.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 58.3 | 54.7 | 77.1 | 89.2 | |
| – | minus 6.2% | +41.0% | +15.7% | |
| 51.5 | 49.9 | 66.3 | 75.1 | |
| 6.8 | 4.8 | 10.8 | 14.1 | |
| 11.7% | 8.8% | 14.1% | 15.8% | |
| 1.5 | 0.9 | 0.6 | 1.3 | |
| 0 | 0.3 | 0.3 | 0.2 | |
| 1.5 | 1.5 | 1.6 | 1.3 | |
| 0 | 0 | −0.7 | 0.2 | |
| 6.9 | 4 | 8.9 | 14.1 | |
| 27.0% | 25.1% | 26.0% | 26.1% | |
| 5 | 3 | 6.6 | 10.4 | |
| – | minus 40.6% | +121.2% | +58.3% | |
| 4.33 | 2.56 | 5.69 | 9.01 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.5 | 11.5 | 11.5 | 11.5 | |
| 44.1 | 46 | 52.5 | 61.7 | |
| 2.3 | 4.2 | 3.3 | 2.2 | |
| 7.8 | 12.1 | 8.2 | 17 | |
| 65.8 | 73.8 | 75.6 | 92.5 | |
| 19.7 | 22.1 | 20.9 | 23.4 | |
| 0.4 | 0.3 | 0.6 | 3.7 | |
| 0.7 | 0.7 | 0.7 | 0.7 | |
| 3.9 | 4.6 | 0.2 | 11.8 | |
| 41 | 46 | 53.2 | 53 | |
| 65.8 | 73.8 | 75.6 | 92.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −8.4 | 4.2 | −2.5 | 17.3 | |
| 3.2 | −6.6 | 3.6 | −14.9 | |
| 0.9 | 0.3 | −1.2 | −2.5 | |
| −4.2 | −2.1 | −0.2 | −0 | |
| −7.6 | −4.4 | −1.2 | −3.7 | |
| −16 | −0.3 | −3.7 | 13.6 | |
| −1.2 | −1.2 | – | −1.2 |
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
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