India Gelatine & Chemicals Ltd
Incorporated in 1973, India Gelatine & Chemicals Ltd is engaged in manufacturing and export of Ossein, Di-Calcium Phosphate (DCP)& Gelatine.
- Market Cap ₹ 251 Cr.
- Current Price ₹ 354
- High / Low ₹ 418 / 295
- Stock P/E 10.0
- Book Value ₹ 273
- Dividend Yield 1.41 %
- ROCE 17.6 %
- ROE 13.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 21.6%
Cons
- The company has delivered a poor sales growth of 3.37% over past five years.
- Company has a low return on equity of 13.3% over last 3 years.
- Working capital days have increased from 120 days to 206 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 115 | 93 | 74 | 98 | 112 | 132 | 144 | 160 | 205 | 206 | 199 | 170 | |
| 109 | 89 | 74 | 96 | 107 | 124 | 135 | 152 | 172 | 171 | 177 | 141 | |
| Operating Profit | 6 | 4 | 1 | 2 | 5 | 7 | 9 | 8 | 33 | 35 | 21 | 29 |
| OPM % | 5% | 5% | 1% | 2% | 5% | 6% | 6% | 5% | 16% | 17% | 11% | 17% |
| 7 | 5 | 6 | 4 | 4 | 3 | 4 | 4 | 3 | 8 | 8 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 5 | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 5 |
| Profit before tax | 7 | 5 | 3 | 3 | 6 | 6 | 9 | 7 | 32 | 37 | 23 | 33 |
| Tax % | 14% | 23% | -5% | 16% | -1% | 16% | 23% | 24% | 25% | 24% | 23% | 23% |
| 6 | 4 | 3 | 2 | 6 | 5 | 7 | 6 | 24 | 28 | 17 | 25 | |
| EPS in Rs | 6.62 | 3.89 | 3.37 | 3.19 | 8.11 | 7.56 | 10.02 | 7.91 | 33.70 | 40.03 | 24.52 | 35.39 |
| Dividend Payout % | 23% | 23% | 27% | 63% | 43% | 20% | 25% | 32% | 15% | 27% | 20% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 3% |
| 3 Years: | -6% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 34% |
| 3 Years: | 3% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 26% |
| 3 Years: | 1% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| 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 | 9 | 9 | 9 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 109 | 112 | 115 | 92 | 95 | 97 | 103 | 108 | 129 | 147 | 164 | 186 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 8 | 6 | 4 | |
| 35 | 35 | 17 | 17 | 14 | 19 | 17 | 22 | 33 | 22 | 17 | 19 | |
| Total Liabilities | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 | 217 |
| 47 | 45 | 44 | 42 | 42 | 43 | 40 | 41 | 60 | 69 | 68 | 61 | |
| CWIP | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 4 | 2 | 1 | 20 |
| Investments | 13 | 7 | 36 | 30 | 30 | 28 | 34 | 33 | 43 | 44 | 55 | 66 |
| 93 | 104 | 60 | 43 | 44 | 53 | 52 | 62 | 73 | 70 | 71 | 70 | |
| Total Assets | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 | 217 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17 | 4 | -4 | 15 | 5 | 7 | 6 | 9 | 18 | 18 | 21 | 28 | |
| 3 | 8 | -27 | -19 | -1 | -3 | -6 | -8 | -21 | -8 | -17 | -23 | |
| -2 | -2 | -1 | -1 | -2 | -3 | -1 | -2 | 7 | -13 | -4 | -7 | |
| Net Cash Flow | 18 | 10 | -32 | -5 | 2 | 1 | -1 | -1 | 3 | -3 | -0 | -2 |
| Free Cash Flow | 17 | 1 | -7 | 14 | 2 | 2 | 5 | 4 | -6 | 5 | 9 | 20 |
| CFO/OP | 320% | 136% | -675% | 971% | 105% | 136% | 81% | 146% | 70% | 79% | 120% | 125% |
Ratios
Figures in Rs. Crores
| 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 | 12 | 24 | 22 | 17 | 17 | 18 | 24 | 26 | 25 | 22 | 22 | 21 |
| Inventory Days | 198 | 187 | 365 | 209 | 180 | 178 | 129 | 130 | 176 | 182 | 136 | 182 |
| Days Payable | 19 | 22 | 54 | 48 | 23 | 52 | 25 | 36 | 60 | 35 | 19 | 20 |
| Cash Conversion Cycle | 191 | 189 | 333 | 178 | 175 | 144 | 127 | 120 | 140 | 169 | 139 | 183 |
| Working Capital Days | 111 | 139 | 206 | 112 | 102 | 90 | 95 | 95 | 66 | 77 | 78 | 206 |
| ROCE % | 3% | 2% | 1% | 2% | 6% | 7% | 7% | 6% | 24% | 22% | 12% | 18% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Production Volume - Gelatine MT |
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| Production Volume - Ossein MT |
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| Electricity Consumption - Ossein/Gelatine KWH/MT |
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| Production Volume - Di-Calcium Phosphate (DCP) MT |
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| Gelatine Installed Capacity MTPA |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Annual Secretarial Compliance Report for FY ended March 31, 2026, with one delayed related-party disclosure noted.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Intimation of Newspaper publication of extract of the Audited Financial results of the company for the quarter & year ended as on 31st March 2026.
- Intimation Of Date Of AGM 21 May
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Record Date For Payment Of Dividend For FY 2025-26.
21 May - Board recommended Rs.6 final dividend for FY26; record date August 18, 2026, AGM August 25, 2026.
- Corporate Action-Board to consider Dividend 21 May
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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Product Portfolio:[1]
a) Edible Gelatine: Being odorless & tasteless, Company's Gelatine can be mixed in any foodstuff.
b) Photographic Gelatine: This kind of gelatine has an ability to form a solution when heated and then come back to jelly form when cooled and to remain durable after water has been removed making it very useful for photographic industry.
c) Technical Gelatine: It is a good clarifying agent used in metal electrolysis. Gelatine strengthens nails and promotes hair growth therefore it is used in cosmetic industry. Also, match box industry utilizes its thickening & foaming properties to make match heads.
d) Pharmaceutical Gelatine: It is ideal for manufacture of hard & soft shell gelatine capsules. It is also used to treat wounds & as life saving blood plasma substitute.