Indian Toners & Developers Ltd
Incorporated in 1990, Indian Toners
& Developers Ltd manufactures
Compatible Toners[1]
- Market Cap ₹ 271 Cr.
- Current Price ₹ 261
- High / Low ₹ 320 / 235
- Stock P/E 10.3
- Book Value ₹ 207
- Dividend Yield 2.30 %
- ROCE 16.3 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 18.0%
Cons
- The company has delivered a poor sales growth of 11.7% over past five years.
- Company has a low return on equity of 12.8% over last 3 years.
* 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 34 | 35 | 115 | 112 | 115 | 91 | 88 | 122 | 159 | 163 | 158 | 158 | |
| 27 | 29 | 29 | 87 | 84 | 92 | 78 | 73 | 99 | 124 | 129 | 125 | 125 | |
| Operating Profit | 7 | 5 | 6 | 28 | 28 | 24 | 13 | 16 | 24 | 35 | 34 | 33 | 33 |
| OPM % | 21% | 16% | 17% | 24% | 25% | 21% | 14% | 18% | 19% | 22% | 21% | 21% | 21% |
| 1 | 3 | 3 | 7 | 7 | 6 | 7 | 8 | 4 | 4 | 6 | 6 | 6 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 |
| Profit before tax | 7 | 6 | 7 | 30 | 30 | 25 | 15 | 19 | 23 | 34 | 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 | 26 | |
| 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 | 21.59 | 25.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 16% | 19% | 32% | 24% | 17% | 14% | 19% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 12% |
| 3 Years: | 9% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 14% |
| 3 Years: | 6% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 16% |
| 3 Years: | 13% |
| 1 Year: | -9% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 13 | 13 | 13 | 11 | 11 | 11 | 11 | 10 | 10 |
| Reserves | 41 | 45 | 51 | 131 | 151 | 167 | 171 | 150 | 155 | 177 | 199 | 191 | 205 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 10 | 8 | 9 | 30 | 24 | 22 | 20 | 22 | 26 | 22 | 22 | 27 | 25 | |
| Total Liabilities | 59 | 62 | 68 | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 240 |
| 13 | 11 | 11 | 45 | 52 | 52 | 54 | 50 | 49 | 69 | 77 | 80 | 78 | |
| CWIP | 0 | 0 | 0 | 8 | 1 | 1 | 0 | 0 | 1 | 2 | 0 | 0 | 0 |
| Investments | 27 | 32 | 39 | 71 | 87 | 91 | 101 | 76 | 65 | 64 | 70 | 52 | 72 |
| 19 | 19 | 18 | 45 | 48 | 58 | 49 | 56 | 77 | 76 | 85 | 97 | 90 | |
| Total Assets | 59 | 62 | 68 | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 240 |
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 | 54 |
| 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 | 127 |
| Working Capital Days | 67 | 76 | 65 | 41 | 56 | 64 | 68 | 58 | 77 | 85 | 98 | 94 |
| ROCE % | 16% | 9% | 13% | 28% | 20% | 15% | 8% | 11% | 14% | 20% | 17% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Nov - Toners & Developers Limited has submitted to BSE Limited letter reg. clippings of newspapers publishing therein notice of opening of special window for re-lodgement of …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Nov - Toners & Developers Limited has submitted to BSE Limited letter sending therein clippings of newspapers publishing Extract of Unaudited Financial Results for the quarter and …
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Unaudited Financial Results
10 Nov - Unaudited Q2/H1 FY2026 results: H1 net profit Rs1,322.51 lakh; interim dividend Rs6.00/share.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 10.11.2025
10 Nov - Board approved Q2/H1 results; interim dividend Rs.6/share; record date Nov 14, 2025; payment by Dec 9, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Oct - Toners & Developers Limited has submitted to BSE Limited letter reg. clippings of newspapers publishing therein notice of Board Meeting scheduled on 10.11.2025. (Letter attached)
Annual reports
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Financial Year 2025
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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.