Check Before You Invest : Indian Toners & Developers Ltd

Q: Which industry/sub-sector does Indian Toners & Developers Ltd belong to?

Indian Toners & Developers Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Chemicals segment.

Q: Is Indian Toners & Developers Ltd a good quality company?

Indian Toners & Developers Ltd is a good quality company, based on a consistently good multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Indian Toners & Developers Ltd undervalued or overvalued?

Indian Toners & Developers Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 10.6, Historic Median: 11.37. Price to Book, Current: 1.26, Historic Median: 1.31. Price to Sales, Current: 1.73, Historic Median: 1.78. EV to EBITDA, Current: 6.48, Historic Median: 6.24

Q: Is Indian Toners & Developers Ltd a good buy now?

Indian Toners & Developers Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd revenue growth is -2.4% for FY-2025, which is below its 5-year CAGR of 10.95%, indicating slower growth.

Q: Gross Profit margin of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Gross profit margin which is the profit after deduction of direct costs, is 24.6% for FY-2025, which is in line with its 5-year median of 24.3%, indicating stable margins.

Q: Operating Profit Margin of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 21.71% for FY-2025, which is in line with its 5-year median of 21.71% indicating stable margins.

Q: Net Profit Margin of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Net Profit Margin is 14.67% for FY-2025, is below its 5-year median of 15.92%, indicating decreasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 24.6, Historic Median: 24.3. Operating Profit Margin (%), Current: 21.71, Historic Median: 21.71. Net Profit Margin (%), Current: 14.67, Historic Median: 15.92

Q: Return on Asset of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Return on Asset is 9.42%, which is in line with its 5-year historical median of 9.91%, indicating stable asset utilization efficiency.

Q: Return on capital employed (ROCE) of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Return on capital employed is 16.49% for FY-2025, which is in line with its 5-year historical median of 16.49%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Check Before You Invest : Indian Toners & Developers Ltd

BSE: 523586 NSE: ISIN: INE826B01018

| Sector: Chemicals & Fertilizers | Industry: Chemicals

Snapshot

Q.1 Which industry/sub-sector does Indian Toners & Developers Ltd belong to?

Indian Toners & Developers Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Chemicals segment.

Q.2 Is Indian Toners & Developers Ltd a good quality company?

Indian Toners & Developers Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Indian Toners & Developers Ltd undervalued or overvalued?

Indian Toners & Developers Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	10.6	11.37
Price to Book	1.26	1.31
Price to Sales	1.73	1.78
EV to EBITDA	6.48	6.24

Q.4 Is Indian Toners & Developers Ltd a good buy now?

Indian Toners & Developers Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd revenue growth is -2.4% for FY-2025, which is below its 5-year CAGR of 10.95%, indicating slower growth.

Q.2 Gross Profit margin of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Gross profit margin which is the profit after deduction of direct costs, is 24.6% for FY-2025, which is in line with its 5-year median of 24.3%, indicating stable margins.

Q.3 Operating Profit Margin of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 21.71% for FY-2025, which is in line with its 5-year median of 21.71% indicating stable margins.

Q.4 Net Profit Margin of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Net Profit Margin is 14.67% for FY-2025, is below its 5-year median of 15.92%, indicating decreasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	24.6	24.3
Operating Profit Margin (%)	21.71	21.71
Net Profit Margin (%)	14.67	15.92

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Return on Asset is 9.42%, which is in line with its 5-year historical median of 9.91%, indicating stable asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Return on capital employed is 16.49% for FY-2025, which is in line with its 5-year historical median of 16.49%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Q.7 Return on Equity (ROE) of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Return on equity is 10.91% for FY-2025, which is below its 5-year historical median of 11.6%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Cash conversion cycle is 81 days, above its 5-year historical median of 57 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.66	0.66
ROE (%)	10.91	11.6
ROCE (%)	16.49	16.49
Cash Conversion Cycle	81 days	57 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Debt-to-Equity ratio is 0.00, which is lower the industry average of 0.13, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd Debt to cash flow from operations is 0, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Indian Toners & Developers Ltd?

Q.1 Promoter shareholding and pledge status of Indian Toners & Developers Ltd?

Promoters hold 69.25% of the Indian Toners & Developers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Indian Toners & Developers Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Indian Toners & Developers Ltd vs industry peers?

Indian Toners & Developers Ltd revenue CAGR is 10.95%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	-2.4	7.5
Gross Profit Growth (%)	-	12.1
Operating Profit Growth (%)	-2.9	11.7
Net Profit Growth (%)	-15.4	9.7

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.66	0.93
ROE (%)	10.91	10.17
ROCE (%)	16.49	12.96
Cash Conversion Cycle (days)	80.55	62

Valuation & price assessment

Q.1 Stock return of Indian Toners & Developers Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 4.8% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	4.8%	14.6%	3.2%	3%

Q.2 Valuation ratios of Indian Toners & Developers Ltd vs historical?

The current P/E ratio of 10.6 is lower than its historical median of 11.37, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	10.6	11.37	28.17
Price to Book	1.26	1.31	2.22
Price to Sales	1.73	1.78	1.93
EV to EBITDA	6.48	6.24	14.20

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Check Before You Invest : Indian Toners & Developers Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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