AksharChem (India) Ltd

₹ 199 -3.64%

22 May - close price

aksharchemindia.com BSE: 524598 NSE: AKSHARCHEM

About

Incorporated in 1989, Aksharchem (India) Ltd manufactures & exports Dyes Pigments and Precipitated Silica^[1]

Key Points

Business Overview:^[1]
Aksharchem Ltd is in the business of dyes and pigments manufacturing. It manufactures Vinyl Sulphone, CPC Green, Precipitated Silica grades at Dahej

Website BSE NSE

Market Cap ₹ 169 Cr.
Current Price ₹ 199
High / Low ₹ 331 / 141
Stock P/E
Book Value ₹ 326
Dividend Yield 0.38 %
ROCE 0.19 %
ROE -0.81 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.61 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 8.61% over past five years.
Company has a low return on equity of -2.03% over last 3 years.
Company might be capitalizing the interest cost

* 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 Dyes And Pigments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	64.74	71.68	73.30	75.28	81.79	85.91	78.93	90.69	90.74	96.96	89.30	80.38	105.79
	63.05	72.35	76.50	70.34	81.36	79.67	72.91	84.37	84.47	90.55	86.95	77.45	100.49
Operating Profit	1.69	-0.67	-3.20	4.94	0.43	6.24	6.02	6.32	6.27	6.41	2.35	2.93	5.30
OPM %	2.61%	-0.93%	-4.37%	6.56%	0.53%	7.26%	7.63%	6.97%	6.91%	6.61%	2.63%	3.65%	5.01%
	0.07	0.04	0.02	0.28	0.10	0.06	0.22	0.07	-0.09	0.04	1.73	0.05	0.08
Interest	0.67	0.80	0.88	0.98	1.07	1.25	1.32	1.34	1.36	1.43	1.38	1.85	2.15
Depreciation	3.17	3.35	3.49	3.47	3.47	3.46	3.51	3.51	3.52	3.99	4.11	4.20	4.23
Profit before tax	-2.08	-4.78	-7.55	0.77	-4.01	1.59	1.41	1.54	1.30	1.03	-1.41	-3.07	-1.00
Tax %	-5.77%	12.55%	0.79%	57.14%	50.37%	27.67%	26.24%	22.08%	-6.92%	31.07%	-2.84%	50.49%	-584.00%
	-1.97	-5.38	-7.60	0.33	-6.02	1.15	1.04	1.19	1.39	0.71	-1.37	-4.62	4.84
EPS in Rs	-2.45	-6.70	-9.46	0.41	-7.49	1.43	1.29	1.48	1.73	0.88	-1.71	-5.75	6.03
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	200	188	248	264	323	260	246	380	335	302	346	372
	172	155	171	223	288	234	223	349	319	301	321	355
Operating Profit	27	32	78	42	34	26	24	32	15	2	25	17
OPM %	14%	17%	31%	16%	11%	10%	10%	8%	5%	0%	7%	5%
	3	1	9	7	5	1	1	1	0	0	0	2
Interest	3	3	3	1	1	1	1	2	3	4	5	7
Depreciation	4	4	5	5	6	7	7	12	13	14	14	17
Profit before tax	24	26	79	43	33	19	17	18	-0	-16	6	-4
Tax %	32%	36%	33%	28%	32%	18%	28%	11%	88%	20%	18%	-90%
	16	17	53	31	23	16	12	16	-1	-19	5	-0
EPS in Rs	21.88	22.75	72.37	37.26	27.54	19.16	15.24	19.81	-1.17	-23.25	5.94	-0.55
Dividend Payout %	16%	15%	5%	9%	13%	18%	23%	3%	-43%	-2%	13%	-91%

Compounded Sales Growth
10 Years:	7%
5 Years:	9%
3 Years:	4%
TTM:	8%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-145%

Stock Price CAGR
10 Years:	0%
5 Years:	-8%
3 Years:	-4%
1 Year:	-27%

Return on Equity
10 Years:	5%
5 Years:	0%
3 Years:	-2%
Last Year:	-1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7	7	7	8	8	8	8	8	8	8	8	8
Reserves	64	78	133	230	249	257	271	272	270	251	256	254
	24	31	32	0	12	13	15	50	25	52	67	108
	51	39	47	61	47	45	62	76	62	70	85	82
Total Liabilities	146	155	219	299	316	323	356	406	365	380	415	452
	55	56	65	86	126	128	229	231	225	235	232	287
CWIP	2	4	9	26	31	62	6	16	17	11	45	8
Investments	18	22	51	77	21	1	0	0	0	0	0	0
	71	72	94	110	138	131	120	159	122	135	139	156
Total Assets	146	155	219	299	316	323	356	406	365	380	415	452

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	28	13	41	30	-9	26	49	4	38	-7	35	2
	-13	-11	-32	-63	-2	-20	-49	-24	-8	-16	-44	-36
	-15	-2	-5	33	7	-7	1	18	-30	23	9	34
Net Cash Flow	0	-0	3	-0	-4	-0	1	-1	0	0	-0	0
Free Cash Flow	23	5	26	-14	-60	-14	-2	-20	29	-23	-9	-34
CFO/OP	124%	66%	80%	102%	1%	116%	211%	27%	255%	-759%	141%	11%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	38	44	20	38	43	42	42	51	39	57	43	61
Inventory Days	53	54	102	68	65	104	148	115	99	131	130	119
Days Payable	111	96	100	70	49	62	97	80	64	88	106	88
Cash Conversion Cycle	-19	2	22	35	59	83	93	86	75	100	67	92
Working Capital Days	8	28	31	56	85	104	75	62	69	55	18	-4
ROCE %	34%	27%	53%	21%	13%	7%	6%	6%	1%	-4%	3%	0%

Insights

In beta

Mar 2014

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Blended Capacity Utilization
%

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Total Installed Manufacturing Capacity
MTPA

Total Production/Sales Volume
MT

Annual Pollution Treatment Expenses as % of Revenue
%

Precipitated Silica Installed Capacity
MTPA

Geographic Presence (Countries)
Number

Vinyl Sulphone Installed Capacity
MTPA

Vinyl Sulphone Share in India's Exports
%

CPC Green Installed Capacity
MTPA

H-Acid Installed Capacity
MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%
	0.68%	0.68%	0.68%	0.43%	0.39%	0.07%	0.00%	0.00%	0.03%	0.02%	0.00%	0.00%
	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
	36.56%	36.56%	36.57%	36.82%	36.87%	37.17%	37.24%	37.25%	37.22%	37.22%	37.24%	37.24%
No. of Shareholders	15,007	15,506	15,267	15,119	14,629	13,740	13,602	13,426	13,475	13,139	12,060	11,843

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	70.33%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%	62.70%
	0.00%	4.75%	5.82%	4.89%	1.43%	1.55%	0.68%	0.43%	0.00%	0.00%
	0.06%	5.10%	6.38%	6.32%	0.05%	0.05%	0.06%	0.06%	0.06%	0.06%
	29.61%	27.45%	25.09%	26.09%	35.82%	35.70%	36.56%	36.82%	37.25%	37.24%
No. of Shareholders	10,604	14,084	12,702	12,152	14,383	15,765	15,329	15,119	13,426	11,843

* 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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