Indian Emulsifiers Ltd
Incorporated in 2020, Indian Emulsifiers
Ltd is in the business of Manufacturing
and Supplying of Speciality Chemicals[1]
- Market Cap ₹ 80.5 Cr.
- Current Price ₹ 43.9
- High / Low ₹ 174 / 37.9
- Stock P/E 4.97
- Book Value ₹ 80.2
- Dividend Yield 0.00 %
- ROCE 15.2 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.55 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.6%
* 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 Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 18 | 41 | 67 | 101 | 160 | |
| 0 | 17 | 33 | 52 | 82 | 134 | |
| Operating Profit | 0 | 1 | 8 | 15 | 20 | 26 |
| OPM % | 5% | 19% | 22% | 19% | 16% | |
| 0 | 0 | 0 | 0 | 1 | 0 | |
| Interest | 0 | 0 | 2 | 2 | 2 | 4 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 3 |
| Profit before tax | 0 | 0 | 5 | 11 | 16 | 20 |
| Tax % | 67% | 16% | 18% | 19% | 18% | |
| 0 | 0 | 4 | 9 | 13 | 16 | |
| EPS in Rs | 0.04 | 4.32 | 6.53 | 7.27 | 8.84 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 61% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -71% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 20% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 6 | 6 | 9 | 12 | 18 |
| Reserves | 0 | 0 | 4 | 19 | 70 | 129 |
| 1 | 13 | 22 | 24 | 26 | 55 | |
| 0 | 0 | 2 | 12 | 10 | 33 | |
| Total Liabilities | 1 | 19 | 34 | 64 | 117 | 235 |
| 0 | 10 | 13 | 17 | 19 | 53 | |
| CWIP | 0 | 0 | 0 | 3 | 21 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 9 | 22 | 44 | 77 | 159 | |
| Total Assets | 1 | 19 | 34 | 64 | 117 | 235 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | -6 | 0 | 0 | -17 | -28 | |
| 0 | -2 | -0 | -8 | -24 | -39 | |
| 0 | 8 | 0 | 8 | 40 | 75 | |
| Net Cash Flow | 0 | -0 | 0 | 0 | -0 | 7 |
| Free Cash Flow | 0 | -16 | -4 | -9 | -39 | -66 |
| CFO/OP | -720% | 3% | 8% | -74% | -96% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 60 | 71 | 101 | 110 | 131 | |
| Inventory Days | 32 | 106 | 162 | 185 | 191 | |
| Days Payable | 0 | 11 | 69 | 33 | 78 | |
| Cash Conversion Cycle | 92 | 166 | 195 | 263 | 245 | |
| Working Capital Days | 125 | 97 | 115 | 172 | 201 | |
| ROCE % | 6% | 26% | 31% | 24% | 15% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Jun 2026 (P) | |
|---|---|---|---|---|---|---|
| Installed Production Capacity MTPA |
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| Number of Specialty Chemicals in Portfolio (SKUs) Number |
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| Global Presence (Number of Countries) Number |
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| Total Employee Strength Number |
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| R&D Team Size Employees |
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Extracted by Screener AI
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
3 June 2026 - Promoter annual disclosure confirms no encumbrance on shares for FY ended 31 March 2026.
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 June 2026 - Audio recording of June 2, 2026 earnings call for H2 and FY2026 available on company website.
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Investor Presentation
1 June 2026 - Investor presentation shared for FY26 results; revenue ₹159.87 crore, PAT ₹16.20 crore, new facility due FY27.
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Analysts/Institutional Investor Meet/Con. Call Updates
28 May 2026 - Indian Emulsifiers to host FY26 earnings call on June 2, 2026 at 12:00 Noon IST.
-
Press Release
23 May 2026 - FY26 audited revenue rose 57.93% to Rs 159.87 Cr; PAT up 21.83% to Rs 16.20 Cr.
Annual reports
Concalls
-
Jun 2026TranscriptPPT REC
-
Nov 2025Transcript PPT
-
Oct 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
Product Portfolio & Industrial Application[1]
a) Esters - Widely used in lubricants, cosmetics, and personal care products
b) Amphoterics - Common in industrial cleaners and personal care formulations
c) Imidazolines ** - Corrosion inhibitors, emulsifiers, and anti-static agents
d) Phosphate Esters - Flame retardants, anti-wear additives, emulsifiers in metalworking and textile chemicals
e) Wax Emulsions - Coatings, polishes, textiles, and paper finishing
f) SMO & PIBSA Emulsifiers **- Used in oilfield, lubricants, and fuel additives