Technichem Organics Ltd
Incorporated in 1996, Technichem Organics is engaged in the business of manufacturing a wide range of chemicals, specialty chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry.[1]
- Market Cap ₹ 63.6 Cr.
- Current Price ₹ 36.7
- High / Low ₹ 66.0 / 33.0
- Stock P/E 23.4
- Book Value ₹ 27.9
- Dividend Yield 0.00 %
- ROCE 6.32 %
- ROE 5.80 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 11.5% over last 3 years.
- Working capital days have increased from 54.1 days to 81.1 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 66.99 | 50.32 | 46.39 | 56.78 | 56.56 | |
| 61.52 | 45.96 | 36.92 | 49.19 | 52.15 | |
| Operating Profit | 5.47 | 4.36 | 9.47 | 7.59 | 4.41 |
| OPM % | 8.17% | 8.66% | 20.41% | 13.37% | 7.80% |
| 0.77 | 0.66 | 0.50 | 0.67 | 1.29 | |
| Interest | 0.54 | 1.23 | 1.96 | 1.45 | 1.21 |
| Depreciation | 1.05 | 1.41 | 1.70 | 1.63 | 1.81 |
| Profit before tax | 4.65 | 2.38 | 6.31 | 5.18 | 2.68 |
| Tax % | 26.45% | 27.31% | 30.59% | 22.20% | -1.49% |
| 3.42 | 1.73 | 4.38 | 4.03 | 2.72 | |
| EPS in Rs | 13.43 | 6.79 | 17.20 | 2.33 | 1.57 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 2.55 | 2.55 | 2.55 | 17.32 | 17.32 |
| Reserves | 10.62 | 12.35 | 16.76 | 28.22 | 30.94 |
| 10.17 | 15.62 | 16.11 | 15.01 | 14.36 | |
| 20.82 | 13.73 | 15.51 | 8.83 | 14.21 | |
| Total Liabilities | 44.16 | 44.25 | 50.93 | 69.38 | 76.83 |
| 22.69 | 31.10 | 25.84 | 30.81 | 33.46 | |
| CWIP | 1.16 | 0.00 | 0.60 | 0.82 | 4.78 |
| Investments | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 20.26 | 13.10 | 24.44 | 37.70 | 38.54 | |
| Total Assets | 44.16 | 44.25 | 50.93 | 69.38 | 76.83 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0.86 | 3.35 | 2.02 | -7.02 | 3.48 | |
| -5.19 | -8.39 | -2.33 | -6.83 | -8.40 | |
| 4.56 | 4.33 | 0.92 | 20.50 | 1.53 | |
| Net Cash Flow | 0.23 | -0.71 | 0.60 | 6.66 | -3.38 |
| Free Cash Flow | -4.21 | -5.31 | 0.11 | -13.84 | -4.91 |
| CFO/OP | 29% | 87% | 23% | -70% | 96% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 44.73 | 23.79 | 72.23 | 78.36 | 96.15 |
| Inventory Days | 36.30 | 56.20 | 98.61 | 114.64 | 140.77 |
| Days Payable | 107.05 | 84.91 | 156.28 | 46.50 | 66.19 |
| Cash Conversion Cycle | -26.02 | -4.91 | 14.56 | 146.49 | 170.73 |
| Working Capital Days | -19.18 | -42.94 | 2.52 | 78.68 | 81.12 |
| ROCE % | 13.41% | 25.08% | 13.82% | 6.32% |
Insights
In beta| Mar 2024 | Mar 2025 | |
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| Domestic Revenue Contribution % |
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| Export Revenue Contribution % |
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Extracted by Screener AI
Documents
Announcements
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Results - Financial Results For March 31 2026
29 May - Board approved FY26 audited results; revenue Rs 5,655.79 lakh, profit Rs 272.26 lakh, unmodified audit opinion.
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Compliances - Statement Of Deviation & Variation
29 May - Submitted half-year Regulation 32 statement for IPO funds; no deviation noted, Rs. 25.24 crore raised.
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Board Meeting Outcome for Outcome Of Board Meeting And Submission Of Audited Standalone Financial Results For The Half Year And Year Ended On 31St March, 2026
29 May - Board approved audited standalone results for half year and year ended 31 March 2026; IPO utilization disclosed.
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Board Meeting Intimation for Consideration Of Standalone Audited Financial Results For The Half Year And Year Ended On 31St March, 2026.
22 May - Board meeting on 29 May 2026 to approve standalone audited results for half year and year ended 31 March 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no rematerialisation requests.
Business Overview[1]
Company manufactures chemicals, including Pyrazoles, Pyrazolones, Specialty Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry. These serve industries like pharmaceuticals, agriculture, coatings, pigments, and dyes.