ISHANCH

Ishan Dyes and Chemicals Limited

Ishan Dyes and Chemicals Limited (ISHANCH) financial statements and selected valuation metrics through 30 June 2026.

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

ishandyes.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹45.96
Market cap
125 Cr
Stock P/E
Loss (TTM EPS ₹-2.91)
P/B
0.88
Dividend yield
1.6%
ROE (FY26)
-5.0%
ROCE (FY26)
0.9%
Operating margin (FY26)
-1.5%
Debt / equity (FY26)
0.64
OCF / EBITDA (FY26)
229.8%
OCF / EBITDA (3Y)
79.9%

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.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Ishan Dyes (Ishan Dyes and Chemicals) is a chemicals maker based at the GIDC industrial estate in Vatva, Ahmedabad, Gujarat, and reports a single business segment, Chemicals.

Company snapshot

63rdBy market cap

Ranked among 68 companies in Specialty Chemicals.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

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
Sales24 Cr15 Cr27 Cr33 Cr31 Cr21 Cr17 Cr16 Cr7 Cr19 Cr32 Cr41 Cr
Operating expenses (approx.)23 Cr15 Cr22 Cr31 Cr28 Cr19 Cr16 Cr14 Cr8 Cr21 Cr26 Cr38 Cr
EBITDA0.70 Cr-0.82 Cr4 Cr2 Cr2 Cr2 Cr0.30 Cr2 Cr-2 Cr-2 Cr6 Cr3 Cr
OPM %3.0%-5.6%16.9%5.9%7.8%9.9%1.8%11.2%-25.0%-10.6%17.6%8.1%
Other income0.63 Cr0.87 Cr0.71 Cr0.73 Cr0.93 Cr0.56 Cr0.78 Cr0.44 Cr0.13 Cr0.88 Cr2 Cr1 Cr
Interest0.68 Cr0.62 Cr0.83 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr1 Cr3 Cr2 Cr
Depreciation0.70 Cr0.70 Cr0.71 Cr0.63 Cr0.62 Cr0.61 Cr0.61 Cr0.60 Cr0.60 Cr2 Cr2 Cr2 Cr
Profit before tax-0.06 Cr-1 Cr4 Cr0.91 Cr1 Cr0.67 Cr-0.82 Cr0.41 Cr-4 Cr-4 Cr2 Cr0.18 Cr
Tax %-424.7%-15.9%-3.9%3.4%3.1%92.6%-42.0%25.2%2.5%-30.8%38.0%14.9%
Net profit-0.32 Cr-1 Cr4 Cr0.88 Cr1 Cr0.05 Cr-1 Cr0.30 Cr-4 Cr-5 Cr1 Cr0.15 Cr
EPS (₹)₹-0.15₹-0.70₹1.76₹0.42₹0.63₹0.02₹-0.55₹0.14₹-1.68₹-2.01₹0.56₹0.06

Profit & loss (annual)

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

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales67 Cr80 Cr82 Cr87 Cr65 Cr77 Cr101 Cr73 CrSign in free for the trailing twelve months
Operating expenses (approx.)59 Cr70 Cr64 Cr72 Cr64 Cr73 Cr95 Cr70 CrSign in free for the trailing twelve months
EBITDA8 Cr10 Cr18 Cr15 Cr1 Cr3 Cr7 Cr4 CrSign in free for the trailing twelve months
OPM %11.3%12.8%21.5%17.3%1.7%4.2%6.6%5.1%Sign in free for the trailing twelve months
Other income1 Cr2 Cr2 Cr3 Cr2 Cr3 Cr3 Cr3 CrSign in free for the trailing twelve months
Interest0.93 Cr0.59 Cr0.59 Cr2 Cr2 Cr3 Cr5 Cr7 CrSign in free for the trailing twelve months
Depreciation1 Cr2 Cr2 Cr2 Cr3 Cr3 Cr2 Cr5 CrSign in free for the trailing twelve months
Profit before tax7 Cr10 Cr17 Cr14 Cr-1 Cr0.49 Cr2 Cr-5 CrSign in free for the trailing twelve months
Tax %34.4%19.8%25.6%26.5%2.1%75.8%48.8%-43.3%Sign in free for the trailing twelve months
Net profit4 Cr8 Cr13 Cr10 Cr-1 Cr0.12 Cr1 Cr-7 CrSign in free for the trailing twelve months
EPS (₹)₹3.84₹5.82₹7.97₹6.32₹-0.65₹0.06₹0.52₹-3.00Sign in free for the trailing twelve months
Dividend payout %——12.5%19.7%—0.0%0.0%—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 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital11 Cr16 Cr16 Cr17 Cr21 Cr21 Cr21 Cr27 Cr
Reserves22 Cr38 Cr49 Cr69 Cr82 Cr82 Cr83 Cr115 Cr
Borrowings11 Cr2 Cr9 Cr17 Cr22 Cr59 Cr92 Cr90 Cr
Other liabilities10 Cr10 Cr16 Cr12 Cr6 Cr17 Cr26 Cr24 Cr
Total liabilities55 Cr67 Cr90 Cr114 Cr131 Cr179 Cr222 Cr256 Cr
Fixed assets (net)26 Cr28 Cr30 Cr36 Cr62 Cr64 Cr62 Cr163 Cr
CWIP0 Cr0.64 Cr0 Cr0 Cr0.53 Cr29 Cr71 Cr4 Cr
Investments0.02 Cr0.02 Cr0.02 Cr0 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr
Loans & advances0.05 Cr0.23 Cr0.04 Cr0.50 Cr24 Cr14 Cr12 Cr18 Cr
Inventories9 Cr9 Cr14 Cr23 Cr23 Cr26 Cr36 Cr34 Cr
Trade receivables12 Cr19 Cr27 Cr35 Cr13 Cr25 Cr12 Cr4 Cr
Cash & bank0.24 Cr1 Cr0.0003 Cr0.27 Cr0.27 Cr0.16 Cr0.14 Cr0.40 Cr
Other assets7 Cr8 Cr20 Cr20 Cr9 Cr22 Cr30 Cr33 Cr
Total assets55 Cr67 Cr90 Cr114 Cr131 Cr179 Cr222 Cr256 Cr

Cash flows

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

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity5 Cr3 Cr-2 Cr-10 Cr20 Cr-9 Cr12 Cr9 Cr
Cash from investing-7 Cr-5 Cr-3 Cr-7 Cr-41 Cr-25 Cr-39 Cr-45 Cr
Cash from financing2 Cr3 Cr5 Cr16 Cr20 Cr34 Cr28 Cr36 Cr
Net cash flow-0.04 Cr0.92 Cr-0.77 Cr-0.12 Cr0.0033 Cr-0.11 Cr-0.02 Cr0.26 Cr
Free cash flow (OCF − Capex)-2 Cr-3 Cr-6 Cr-18 Cr-9 Cr-43 Cr-31 Cr-31 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.9%19.3%24.0%15.1%0.3%2.0%3.7%0.9%
ROE %12.9%15.2%19.6%11.8%-1.2%0.1%1.0%-5.0%
Debtor days6786118145721184319
Inventory days8372117155211183187253
Days payable58509240279310542
Cash conversion cycle92107144261256207125230
OCF / EBITDA %66.2%25.3%-13.2%-66.0%n.m.-286.2%172.8%229.8%
OCF / EBITDA % (3 years)——14.8%-22.6%23.3%5.0%204.1%79.9%
Debt / equity0.330.040.140.200.220.580.890.64
Current ratio1.693.432.522.992.471.570.991.09
Net debt / EBITDA1.430.090.521.1120.0818.3313.6924.04