AKSHARCHEM

AksharChem India Limited

AksharChem India Limited (AKSHARCHEM) financial statements and selected valuation metrics through 30 June 2026.

Commodities›Chemicals›Chemicals & Petrochemicals›Dyes And Pigments

aksharchemindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹417.95
Market cap
336 Cr
Stock P/E
23.9
P/B
1.28
Dividend yield
0.2%
ROE (FY26)
-0.2%
ROCE (FY26)
0.6%
Operating margin (FY26)
0.1%
Debt / equity (FY26)
0.41
OCF / EBITDA (FY26)
9.8%
OCF / EBITDA (3Y)
69.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

AksharChem makes dyes and pigments at plants in Indrad (Mehsana) and Dahej (Bharuch) in Gujarat, selling to consumption industries such as textiles, plastics and coatings and exporting a large share of its output.

Company snapshot

9thBy market cap

Ranked among 11 companies in Dyes And Pigments.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales73 Cr75 Cr82 Cr86 Cr79 Cr91 Cr91 Cr97 Cr89 Cr80 Cr106 Cr141 Cr
Operating expenses (approx.)76 Cr70 Cr81 Cr80 Cr73 Cr84 Cr84 Cr91 Cr87 Cr77 Cr100 Cr118 Cr
EBITDA-3 Cr5 Cr0.43 Cr6 Cr6 Cr6 Cr6 Cr6 Cr2 Cr3 Cr5 Cr23 Cr
OPM %-4.4%6.6%0.5%7.3%7.6%7.0%6.9%6.6%2.6%3.7%5.0%16.1%
Other income0.02 Cr0.28 Cr0.10 Cr0.06 Cr0.22 Cr0.07 Cr-0.09 Cr0.04 Cr0.03 Cr0.05 Cr0.08 Cr0.03 Cr
Interest0.88 Cr0.98 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr2 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Profit before tax-8 Cr0.77 Cr-4 Cr2 Cr1 Cr2 Cr1 Cr1 Cr-1 Cr-3 Cr-1 Cr16 Cr
Tax %-0.8%57.6%-50.4%27.5%25.9%22.4%-6.9%31.1%2.5%-50.4%583.1%4.6%
Net profit-8 Cr0.33 Cr-6 Cr1 Cr1 Cr1 Cr1 Cr0.71 Cr-1 Cr-5 Cr5 Cr15 Cr
EPS (₹)₹-9.47₹0.41₹-7.50₹1.43₹1.30₹1.48₹1.73₹0.89₹-1.70₹-5.75₹6.02₹18.94

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales250 Cr265 Cr323 Cr260 Cr246 Cr380 Cr335 Cr302 Cr346 Cr372 CrSign in free for the trailing twelve months
Operating expenses (approx.)173 Cr223 Cr288 Cr234 Cr223 Cr349 Cr319 Cr301 Cr321 Cr355 CrSign in free for the trailing twelve months
EBITDA77 Cr42 Cr34 Cr26 Cr24 Cr32 Cr15 Cr1 Cr25 Cr17 CrSign in free for the trailing twelve months
OPM %31.0%15.7%10.7%10.0%9.7%8.3%4.6%0.5%7.2%4.6%Sign in free for the trailing twelve months
Other income9 Cr7 Cr5 Cr1 Cr1 Cr0.65 Cr0.15 Cr0.45 Cr0.25 Cr0.20 CrSign in free for the trailing twelve months
Interest3 Cr1 Cr0.92 Cr1 Cr0.69 Cr2 Cr3 Cr4 Cr5 Cr7 CrSign in free for the trailing twelve months
Depreciation5 Cr5 Cr6 Cr7 Cr7 Cr12 Cr13 Cr14 Cr14 Cr17 CrSign in free for the trailing twelve months
Profit before tax79 Cr43 Cr33 Cr19 Cr18 Cr18 Cr-0.50 Cr-16 Cr6 Cr-4 CrSign in free for the trailing twelve months
Tax %32.9%28.2%32.4%17.4%29.0%11.3%-88.8%-20.0%18.1%90.1%Sign in free for the trailing twelve months
Net profit53 Cr31 Cr23 Cr16 Cr13 Cr16 Cr-0.94 Cr-19 Cr5 Cr-0.44 CrSign in free for the trailing twelve months
EPS (₹)₹72.36₹37.33₹27.54₹19.17₹15.24₹19.50₹-1.17₹-23.25₹5.94₹-0.55Sign in free for the trailing twelve months
Dividend payout %————-0.4%18.6%——10.4%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr8 Cr8 Cr8 Cr8 Cr8 Cr8 Cr8 Cr8 Cr8 Cr
Reserves133 Cr230 Cr249 Cr257 Cr271 Cr272 Cr270 Cr251 Cr256 Cr253 Cr
Borrowings29 Cr—12 Cr13 Cr15 Cr50 Cr25 Cr52 Cr67 Cr108 Cr
Other liabilities50 Cr61 Cr47 Cr45 Cr62 Cr76 Cr62 Cr69 Cr85 Cr82 Cr
Total liabilities219 Cr299 Cr316 Cr323 Cr355 Cr406 Cr365 Cr381 Cr415 Cr452 Cr
Fixed assets (net)65 Cr86 Cr126 Cr128 Cr229 Cr231 Cr225 Cr235 Cr231 Cr287 Cr
CWIP9 Cr27 Cr31 Cr62 Cr6 Cr16 Cr17 Cr11 Cr45 Cr8 Cr
Investments51 Cr77 Cr21 Cr1 Cr0.25 Cr0.0038 Cr0.0038 Cr0.0038 Cr0.0038 Cr0.01 Cr
Loans & advances——0.11 Cr0.31 Cr0.09 Cr0.21 Cr0.28 Cr0.35 Cr0.34 Cr0.33 Cr
Inventories32 Cr30 Cr37 Cr42 Cr58 Cr72 Cr59 Cr65 Cr70 Cr73 Cr
Trade receivables13 Cr28 Cr38 Cr30 Cr28 Cr53 Cr36 Cr47 Cr41 Cr62 Cr
Cash & bank4 Cr4 Cr0.24 Cr0.22 Cr1 Cr0.14 Cr0.15 Cr0.16 Cr0.14 Cr0.15 Cr
Other assets45 Cr48 Cr63 Cr59 Cr33 Cr33 Cr27 Cr22 Cr28 Cr20 Cr
Total assets219 Cr299 Cr316 Cr323 Cr355 Cr406 Cr365 Cr381 Cr415 Cr452 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity41 Cr30 Cr-9 Cr26 Cr49 Cr4 Cr38 Cr-7 Cr35 Cr2 Cr
Cash from investing-32 Cr-63 Cr-2 Cr-20 Cr-49 Cr-24 Cr-8 Cr-16 Cr-44 Cr-36 Cr
Cash from financing-5 Cr33 Cr7 Cr-7 Cr1 Cr18 Cr-30 Cr23 Cr9 Cr34 Cr
Net cash flow3 Cr0.38 Cr-4 Cr-0.03 Cr1 Cr-1 Cr0.0073 Cr0.01 Cr-0.02 Cr0.0089 Cr
Free cash flow (OCF − Capex)26 Cr-14 Cr-60 Cr-14 Cr-2 Cr-21 Cr29 Cr-23 Cr-9 Cr-34 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %48.4%18.6%12.8%7.2%6.2%6.1%0.9%-3.8%3.4%0.6%
ROE %37.7%12.9%8.8%5.9%4.5%5.7%-0.3%-7.2%1.8%-0.2%
Debtor days19384342425139574361
Inventory days987769104149119117137138129
Days payable968051629882769211296
Cash conversion cycle223560839387811026895
OCF / EBITDA %53.0%73.2%-25.5%101.7%206.1%13.6%246.0%n.m.140.2%9.8%
OCF / EBITDA % (3 years)——40.9%47.1%79.3%98.0%128.8%73.4%158.5%69.1%
Debt / equity0.21—0.040.050.050.180.090.200.250.41
Current ratio1.742.922.772.731.901.782.251.591.160.99
Net debt / EBITDA0.33-0.090.330.480.561.581.5934.462.686.37