Indian Emulsifiers Ltd
Incorporated in 2020, Indian Emulsifiers
Ltd is in the business of Manufacturing
and Supplying of Speciality Chemicals[1]
- Market Cap ₹ 76.6 Cr.
- Current Price ₹ 41.8
- High / Low ₹ 174 / 37.9
- Stock P/E 4.71
- Book Value ₹ 80.2
- Dividend Yield 0.00 %
- ROCE 15.2 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.52 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 67 | 101 | 160 | |
| 52 | 82 | 134 | |
| Operating Profit | 15 | 20 | 26 |
| OPM % | 22% | 19% | 16% |
| 0 | 1 | 0 | |
| Interest | 2 | 2 | 4 |
| Depreciation | 2 | 2 | 3 |
| Profit before tax | 11 | 16 | 20 |
| Tax % | 18% | 19% | 18% |
| 9 | 13 | 16 | |
| EPS in Rs | 6.53 | 7.27 | 8.87 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 9 | 12 | 18 |
| Reserves | 19 | 70 | 129 |
| 24 | 26 | 55 | |
| 12 | 10 | 33 | |
| Total Liabilities | 64 | 117 | 235 |
| 17 | 19 | 53 | |
| CWIP | 3 | 21 | 23 |
| Investments | 0 | 0 | 0 |
| 44 | 77 | 159 | |
| Total Assets | 64 | 117 | 235 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 0 | -17 | -28 | |
| -8 | -24 | -39 | |
| 8 | 40 | 75 | |
| Net Cash Flow | 0 | -0 | 8 |
| Free Cash Flow | -9 | -39 | -66 |
| CFO/OP | 8% | -74% | -95% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 101 | 110 | 131 |
| Inventory Days | 162 | 185 | 193 |
| Days Payable | 69 | 33 | 79 |
| Cash Conversion Cycle | 195 | 263 | 245 |
| Working Capital Days | 115 | 172 | 201 |
| ROCE % | 24% | 15% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Installed Production Capacity MTPA |
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| Mining Explosives & Lubricants Revenue Share % |
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| Number of Countries of Presence count |
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| Number of Specialty Chemicals in Portfolio count |
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| Number of Subsidiaries count |
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| Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
3 July 2026 - Indian Emulsifiers says corporate governance report not applicable for quarter ended June 30, 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
3 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
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Reply to Clarification- Financial results
25 June 2026 - Submitted revised audited standalone and consolidated FY2025 results; added Note 9, with no figure changes.
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Analysts/Institutional Investor Meet/Con. Call Updates
6 June 2026 - FY26 revenue rose 57% to ₹159.87 crore; PAT rose 21.83% to ₹16.20 crore; greenfield C3 operational by FY27.
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Disclosure under SEBI Takeover Regulations
3 June 2026 - Promoter annual disclosure confirms no encumbrance on shares for FY ended 31 March 2026.
Annual reports
Concalls
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Jun 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Oct 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
Business Overview:[1]
IEL primarily manufactures a diverse range of chemical groups including Esterification and Transesterification products, Sulphation, Quaternization, Phosphorylation, Emulsification, Imidazolines, Wax emulsions, Amphoteric, Polymerization, Poly-quaternary compounds, various specialty emulsifiers.