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 ₹ 77.9 Cr.
- Current Price ₹ 45.0
- High / Low ₹ 66.0 / 33.0
- Stock P/E 25.0
- Book Value ₹ 27.0
- Dividend Yield 0.00 %
- ROCE 13.8 %
- ROE 12.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 58.1 to 78.4 days.
- Working capital days have increased from 12.8 days to 78.7 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 | TTM | |
|---|---|---|---|---|---|
| 66.99 | 50.32 | 46.39 | 56.78 | 58.30 | |
| 61.52 | 45.96 | 36.92 | 49.19 | 52.79 | |
| Operating Profit | 5.47 | 4.36 | 9.47 | 7.59 | 5.51 |
| OPM % | 8.17% | 8.66% | 20.41% | 13.37% | 9.45% |
| 0.77 | 0.66 | 0.50 | 0.67 | 0.92 | |
| Interest | 0.54 | 1.23 | 1.96 | 1.45 | 1.29 |
| Depreciation | 1.05 | 1.41 | 1.70 | 1.63 | 1.67 |
| Profit before tax | 4.65 | 2.38 | 6.31 | 5.18 | 3.47 |
| Tax % | 26.45% | 27.31% | 30.59% | 22.20% | |
| 3.42 | 1.73 | 4.38 | 4.03 | 3.11 | |
| EPS in Rs | 13.43 | 6.79 | 17.20 | 2.33 | 1.80 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | -43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 2.55 | 2.55 | 2.55 | 17.32 | 17.32 |
| Reserves | 10.62 | 12.35 | 16.76 | 28.22 | 29.46 |
| 10.17 | 15.62 | 16.11 | 15.01 | 14.51 | |
| 20.82 | 13.73 | 15.51 | 8.83 | 13.08 | |
| Total Liabilities | 44.16 | 44.25 | 50.93 | 69.38 | 74.37 |
| 22.69 | 31.10 | 25.84 | 30.81 | 29.95 | |
| CWIP | 1.16 | 0.00 | 0.60 | 0.82 | 3.58 |
| Investments | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 20.26 | 13.10 | 24.44 | 37.70 | 40.79 | |
| Total Assets | 44.16 | 44.25 | 50.93 | 69.38 | 74.37 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0.86 | 3.35 | 2.02 | -7.02 | |
| -5.19 | -8.39 | -2.33 | -6.83 | |
| 4.56 | 4.33 | 0.92 | 20.50 | |
| Net Cash Flow | 0.23 | -0.71 | 0.60 | 6.66 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 44.73 | 23.79 | 72.23 | 78.36 |
| Inventory Days | 36.30 | 56.20 | 98.61 | 114.64 |
| Days Payable | 107.05 | 84.91 | 156.28 | 46.50 |
| Cash Conversion Cycle | -26.02 | -4.91 | 14.56 | 146.49 |
| Working Capital Days | -19.18 | -42.94 | 2.52 | 78.68 |
| ROCE % | 13.41% | 25.08% | 13.82% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Domestic Revenue Contribution % |
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| Export Revenue Contribution % |
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| Net Capital Turnover Ratio ratio |
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Documents
Announcements
-
Announcement Under Regulation 30 (LODR)
9 Mar - Received Prior Environmental Clearance (MOEF&CC) for GIDC Saykha, Bharuch; certificate accessed Mar 5, disclosed Mar 6, 2026.
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Announcement Under Regulation 30 (LODR)
6 Mar - MoEFCC granted Prior Environmental Clearance for proposed project at GIDC Saykha, Bharuch on 5 March 2026.
-
Announcement Under Regulation 30(LODR)
16 Feb - Installed 1170 kW DC (900 kW AC) solar plant; saves Rs.9 lakh/month.
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Announcement Under Regulation 30 (LODR) - Intimation Regarding Change Of Corporate Identification Number Of The Company
6 Feb - CIN changed to L24231GJ1996PLC028917; status updated to Listed after BSE SME listing; MCA master data attached.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Certificate under regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended on 31st December, 2025.
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.