Indian Toners & Developers Ltd

₹ 262 1.06%

22 May - close price

About

Incorporated in 1990, Indian Toners
& Developers Ltd manufactures
Compatible Toners^[1]

Key Points

Business Overview:^[1]^[2]
ITDL is an ISO 9001:2015 and ISO 14001
:2015 certified India’s largest manufacturer
and exporter of compatible toners for use in
laser printers, digital machines, multi-function printers, analog copiers as well as wide format printers and copiers. Apart from bulk toners, it also offers premium quality color toners for use in laser printers and caters to the replacement market under the Supremo brand.

Website BSE

Market Cap ₹ 284 Cr.
Current Price ₹ 262
High / Low ₹ 380 / 235
Stock P/E 12.7
Book Value ₹ 186
Dividend Yield 1.72 %
ROCE 16.4 %
ROE 10.9 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

The company has delivered a poor sales growth of 11.0% over past five years.
Company has a low return on equity of 12.9% over last 3 years.
Dividend payout has been low at 11.0% of profits over last 3 years
Working capital days have increased from 131 days to 209 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	33.66	34.89	38.28	39.68	43.01	37.07	39.80	37.08	42.79	35.32	37.68	39.29	40.70
	28.36	28.12	29.91	31.55	32.15	29.17	31.22	29.11	33.77	27.52	29.86	30.61	31.98
Operating Profit	5.30	6.77	8.37	8.13	10.86	7.90	8.58	7.97	9.02	7.80	7.82	8.68	8.72
OPM %	15.75%	19.40%	21.87%	20.49%	25.25%	21.31%	21.56%	21.49%	21.08%	22.08%	20.75%	22.09%	21.43%
	0.90	1.19	0.17	0.98	1.50	1.79	1.12	1.38	1.94	1.37	1.88	1.31	1.55
Interest	0.05	0.02	0.00	0.01	0.24	0.07	0.05	0.06	0.06	0.05	0.05	0.05	0.05
Depreciation	0.97	0.80	0.82	0.96	1.34	1.26	1.32	1.43	1.41	1.58	1.33	1.33	1.18
Profit before tax	5.18	7.14	7.72	8.14	10.78	8.36	8.33	7.86	9.49	7.54	8.32	8.61	9.04
Tax %	-12.74%	19.89%	26.81%	7.00%	34.51%	18.06%	39.86%	28.37%	9.27%	49.47%	33.89%	25.20%	26.00%
	5.84	5.70	5.66	7.58	7.05	6.86	5.01	5.64	8.62	3.81	5.51	6.43	6.69
EPS in Rs	5.38	5.25	5.22	6.99	6.50	6.32	4.62	5.20	7.94	3.51	5.08	5.93	6.17
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	34	34	35	115	112	115	91	88	122	159	163	153
	27	29	29	87	84	92	78	73	99	124	129	120
Operating Profit	7	5	6	28	28	24	13	16	24	35	34	33
OPM %	21%	16%	17%	24%	25%	21%	14%	18%	19%	22%	21%	22%
	1	3	3	7	7	6	7	8	4	4	6	6
Interest	0	0	0	1	1	1	1	0	0	1	0	0
Depreciation	1	1	1	3	4	4	4	4	4	4	5	5
Profit before tax	7	6	7	30	30	25	15	19	23	34	34	34
Tax %	23%	25%	19%	22%	19%	19%	17%	28%	19%	23%	23%	33%
	5	5	6	24	24	20	12	14	19	26	26	22
EPS in Rs	6.71	5.79	7.31	29.31	18.40	15.51	9.26	12.49	17.46	24.25	24.09	20.68
Dividend Payout %	0%	0%	0%	0%	16%	19%	32%	24%	17%	14%	19%	0%

Compounded Sales Growth
10 Years:	16%
5 Years:	11%
3 Years:	8%
TTM:	-6%

Compounded Profit Growth
10 Years:	22%
5 Years:	14%
3 Years:	6%
TTM:	-14%

Stock Price CAGR
10 Years:	12%
5 Years:	34%
3 Years:	16%
1 Year:	-6%

Return on Equity
10 Years:	12%
5 Years:	12%
3 Years:	13%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8	8	8	8	13	13	13	11	11	11	11	10
Reserves	41	45	51	131	151	167	171	150	155	177	199	191
	0	0	0	0	0	0	0	0	0	0	0	0
	10	8	9	30	24	22	20	22	26	22	23	28
Total Liabilities	59	62	68	169	188	202	204	183	192	211	233	230
	13	11	11	45	52	52	54	50	49	69	77	80
CWIP	0	0	0	8	1	1	0	0	1	2	0	0
Investments	27	32	39	71	87	91	101	76	65	64	70	52
	19	19	18	45	48	58	49	56	77	76	86	97
Total Assets	59	62	68	169	188	202	204	183	192	211	233	230

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	7	3	6	18	19	14	13	19	14	21	24	26
	-5	-3	-6	-16	-16	-2	-9	28	4	-23	-12	16
	-0	-0	-0	-2	-4	-5	-8	-38	-15	-5	-6	-31
Net Cash Flow	2	0	-0	0	-1	6	-3	9	3	-6	7	11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	65	63	32	46	57	58	56	65	51	50	58	56
Inventory Days	117	126	165	82	105	130	149	108	126	95	84	124
Days Payable	95	82	94	86	127	116	108	105	89	33	28	51
Cash Conversion Cycle	88	106	102	43	35	72	98	69	87	112	115	129
Working Capital Days	67	76	65	41	56	64	68	58	77	85	98	209
ROCE %	16%	9%	13%	28%	20%	15%	8%	11%	14%	20%	17%	16%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	30.72%	30.72%	30.71%	30.72%	30.72%	30.72%	30.73%	30.72%	30.72%	30.71%	30.72%	30.72%
No. of Shareholders	15,324	15,044	14,522	14,329	14,070	14,122	14,554	16,558	16,650	19,832	19,050	18,245

	Sep 1992	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023	Mar 2025
	69.25%	49.73%	69.21%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%
	0.03%	0.04%	0.03%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%
	30.72%	50.23%	30.76%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%
No. of Shareholders	16,710	14,030	16,578	16,308	15,934	14,488	15,324	14,070	16,558	18,245

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Indian Toners & Developers Ltd

Indian Toners & Developers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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