Devson Catalyst Ltd
Devson Catalyst Limited is a manufacturer of catalysts, adsorbents and ceramic balls used
as key materials in various industrial processes.[1]
- Market Cap ₹ 454 Cr.
- Current Price ₹ 334
- High / Low ₹ 423 / 186
- Stock P/E 37.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 57.0 %
- ROE 45.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.2%
Cons
- Debtor days have increased from 87.9 to 110 days.
- Working capital days have increased from 79.6 days to 128 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
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 33 | 43 | 53 | 56 | |
| 29 | 37 | 42 | 39 | |
| Operating Profit | 4 | 7 | 11 | 17 |
| OPM % | 11% | 15% | 21% | 30% |
| 0 | 0 | 0 | 1 | |
| Interest | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 1 |
| Profit before tax | 3 | 6 | 10 | 17 |
| Tax % | 26% | 28% | 26% | 26% |
| 2 | 4 | 8 | 13 | |
| EPS in Rs | 2.27 | 3.96 | 7.45 | 12.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 74% |
| TTM: | 58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| Last Year: | 45% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 10 |
| Reserves | 9 | 13 | 21 | 23 |
| 1 | 4 | 3 | 2 | |
| 5 | 4 | 4 | 6 | |
| Total Liabilities | 16 | 21 | 27 | 42 |
| 5 | 7 | 7 | 12 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 2 | 0 |
| 11 | 14 | 18 | 30 | |
| Total Assets | 16 | 21 | 27 | 42 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 2 | 0 | 4 | 5 | |
| -1 | -3 | -2 | -3 | |
| -0 | 3 | -2 | -1 | |
| Net Cash Flow | 1 | 0 | 0 | 1 |
| Free Cash Flow | 1 | -2 | 4 | -1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 65% | 19% | 74% | 47% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 57 | 67 | 87 | 110 |
| Inventory Days | 61 | 27 | 31 | 104 |
| Days Payable | 66 | 21 | 24 | 44 |
| Cash Conversion Cycle | 52 | 73 | 94 | 170 |
| Working Capital Days | 36 | 41 | 70 | 128 |
| ROCE % | 47% | 52% | 57% |
Documents
Announcements
-
Board Meeting Intimation for Meeting To Be Held On Monday, November 02, 2026
- Board to meet on November 2, 2026 to approve H1 FY2026 unaudited standalone results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on September 30, 2026
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- Devson Catalyst held its 22nd AGM, approved resolutions, and reported FY26 revenue of ₹55.78 crore and PAT of ₹12.52 crore.
-
Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after half-year results.
Concalls
-
Jul 2026PPT
Business Profile[1]
Devson Catalyst Ltd is an ISO certified manufacturer of catalysts, adsorbents
and ceramic balls used in oil & gas, petrochemical, steel, fertilizer and
other industrial process industries.
It has transitioned from manufacturing
electrical insulators to specialty catalyst
products and has established itself as an indigenous manufacturer with exports to
over 15 countries.