Indo Euro Indchem Ltd
Incorporated in 1990, Indo Euro Ind Chem Ltd manufactures and trades in paper and other merchandise.[1]
- Market Cap ₹ 10.2 Cr.
- Current Price ₹ 11.2
- High / Low ₹ 19.0 / 8.75
- Stock P/E 59.7
- Book Value ₹ 12.9
- Dividend Yield 0.00 %
- ROCE 7.05 %
- ROE 5.87 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.87 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.02% over last 3 years.
- Company has high debtors of 364 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.56 | 2.81 | 5.53 | 3.09 | 7.65 | 0.81 | 6.34 | 7.61 | 22.64 | 10.08 | 10.82 | 13.89 | 9.43 | |
| 1.65 | 2.84 | 5.58 | 3.20 | 7.77 | 1.06 | 6.55 | 7.87 | 22.07 | 10.19 | 11.18 | 13.65 | 9.77 | |
| Operating Profit | -0.09 | -0.03 | -0.05 | -0.11 | -0.12 | -0.25 | -0.21 | -0.26 | 0.57 | -0.11 | -0.36 | 0.24 | -0.34 |
| OPM % | -5.77% | -1.07% | -0.90% | -3.56% | -1.57% | -30.86% | -3.31% | -3.42% | 2.52% | -1.09% | -3.33% | 1.73% | -3.61% |
| 0.34 | 0.23 | 0.06 | 0.28 | 0.31 | 0.38 | 0.33 | 0.43 | 0.24 | 0.49 | 0.61 | 0.22 | 0.56 | |
| Interest | 0.05 | 0.01 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.07 | 0.00 | 0.00 |
| Depreciation | 0.03 | 0.06 | 0.06 | 0.07 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.06 | 0.07 | 0.09 |
| Profit before tax | 0.17 | 0.13 | -0.07 | 0.10 | 0.14 | 0.07 | 0.05 | 0.09 | 0.72 | 0.29 | 0.12 | 0.39 | 0.13 |
| Tax % | 41.18% | -23.08% | -14.29% | 20.00% | 50.00% | 28.57% | 20.00% | 33.33% | 29.17% | 27.59% | 75.00% | 7.69% | |
| 0.10 | 0.16 | -0.05 | 0.08 | 0.08 | 0.05 | 0.03 | 0.07 | 0.51 | 0.22 | 0.04 | 0.36 | 0.17 | |
| EPS in Rs | 0.11 | 0.18 | -0.06 | 0.09 | 0.09 | 0.06 | 0.03 | 0.08 | 0.56 | 0.24 | 0.04 | 0.40 | 0.19 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | -15% |
| TTM: | -46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 85% |
| 3 Years: | 8% |
| TTM: | -63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 13% |
| 3 Years: | -16% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| 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 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 | 9.03 |
| Reserves | 0.86 | 1.02 | 0.97 | 1.09 | 1.15 | 0.53 | 0.57 | 0.64 | 1.16 | 1.25 | 1.66 | 2.41 | 2.64 |
| 1.31 | 0.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.08 | 0.06 | 0.03 | 0.00 | 0.00 | 0.00 | |
| 0.91 | 0.47 | 0.57 | 0.44 | 3.70 | 1.00 | 6.09 | 7.30 | 6.30 | 4.79 | 5.63 | 8.06 | 2.47 | |
| Total Liabilities | 12.11 | 10.95 | 10.57 | 10.56 | 13.88 | 10.56 | 15.79 | 17.05 | 16.55 | 15.10 | 16.32 | 19.50 | 14.14 |
| 1.00 | 0.76 | 0.66 | 0.59 | 0.43 | 0.38 | 0.48 | 0.41 | 0.35 | 0.29 | 0.23 | 0.18 | 0.12 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.74 | 1.69 | 1.69 |
| Investments | 0.48 | 0.48 | 0.48 | 0.52 | 0.50 | 0.28 | 0.29 | 0.29 | 0.29 | 0.17 | 0.09 | 0.00 | 0.00 |
| 10.63 | 9.71 | 9.43 | 9.45 | 12.95 | 9.90 | 15.02 | 16.35 | 15.91 | 14.41 | 15.26 | 17.63 | 12.33 | |
| Total Assets | 12.11 | 10.95 | 10.57 | 10.56 | 13.88 | 10.56 | 15.79 | 17.05 | 16.55 | 15.10 | 16.32 | 19.50 | 14.14 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.89 | -2.37 | -1.54 | 2.39 | 0.28 | 0.27 | 0.57 | -1.20 | -1.78 | -2.36 | 0.57 | 0.38 | |
| 0.77 | 3.49 | 0.63 | -2.71 | 0.03 | 0.00 | -0.16 | 0.00 | 2.03 | 2.07 | -0.55 | -0.32 | |
| 0.00 | 0.00 | -0.02 | 0.28 | -0.42 | -0.37 | -0.37 | 1.28 | 0.00 | -0.02 | -0.03 | 0.00 | |
| Net Cash Flow | -0.12 | 1.12 | -0.93 | -0.05 | -0.12 | -0.10 | 0.04 | 0.08 | 0.25 | -0.31 | 0.00 | 0.06 |
Ratios
Figures in Rs. Crores
| 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 | 297.15 | 397.47 | 307.58 | 379.17 | 259.56 | 1,049.94 | 236.04 | 271.47 | 131.39 | 274.11 | 290.11 | 364.21 |
| Inventory Days | 176.46 | 238.17 | 110.85 | 141.37 | 68.23 | 488.31 | 201.57 | 238.83 | 65.96 | 72.39 | 165.42 | 33.18 |
| Days Payable | 164.37 | 39.46 | 25.01 | 32.13 | 166.25 | 266.35 | 359.55 | 463.49 | 116.74 | 202.34 | 259.60 | 280.77 |
| Cash Conversion Cycle | 309.23 | 596.18 | 393.42 | 488.42 | 161.54 | 1,271.90 | 78.06 | 46.81 | 80.62 | 144.16 | 195.93 | 116.62 |
| Working Capital Days | 105.29 | 524.77 | 391.40 | 480.76 | 159.84 | 1,234.69 | 112.26 | 106.00 | 84.16 | 274.11 | 235.12 | 182.63 |
| ROCE % | -0.99% | -0.37% | -0.49% | 0.99% | 2.27% | 0.81% | 0.62% | 1.03% | 7.40% | 3.02% | 3.81% | 7.05% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio ratio |
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| Net Capital Turnover Ratio times |
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| Trade Payables Turnover Ratio times |
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| Number of Employees absolute |
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Documents
Announcements
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Revised Financial Result For The Quarter Ended September 30, 2025
2 Mar - Revised unaudited Q2/H1 results for September 30, 2025 submitted; limited review, Board approval November 13, 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb
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Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting
11 Feb - Board approved unaudited results for quarter and nine months ended Dec 31, 2025; limited review.
- Financial Result For The Quarter Ended 31St December 2025 11 Feb
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results Of The Company For The Third Quarter And Nine Months Ended December 31, 2025.
4 Feb - Board meeting on Feb 11, 2026 to consider unaudited Q3 and nine-month results ended Dec 31, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
a) IEICL is in the business of Pigment and Organic Chemical.
b) It ventured into new business and also started trading of Laminates, Speciality Chemicals, and Poultry feed
b) It imports Base Paper, Press Plate, Tissue paper, Laminates, etc.
d) The company also trades in Organic and Inorganic Chemicals, Chemical Products, Alkalies, Acids, Solvents, Chemical Auxiliaries, Pesticides, Caustic Soda, Soda Ash, Petrochemicals, Dyes and Intermediates, Rubber Chemicals, Textile Auxiliaries, Industrial Chemicals, Poultry Feeds, Base Paper, Press Plates, Tissue Paper, Laminates