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Bodal Chemicals Ltd (BODALCHEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524370 NSE: BODALCHEM Dyes & Pigments | Small Cap | Bodal Chemicals Share Price

₹61.50 -0.54 (-0.87%)

As on 07-Jul'26 13:44

Bodal Chemicals Ltd (BODALCHEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524370 NSE: BODALCHEM Dyes & Pigments | Small Cap | Bodal Chemicals Share Price

₹61.50 -0.54 (-0.87%)

As on 07-Jul'26 13:44

Key Metrics
Valuation Multiples
Market Cap
₹781 Cr.
Current Price
₹61.5
52-Week Low / High
₹41 / 82
TTM EPS
₹3.7
TTM Sales
₹1,975 Cr.
Book Value per Share
₹95.2
P/E Ratio
16.61
Lower than its 5-year historical median
Industry PE
2.9
Price to Book (P/B)
0.65
Lower than its 5-year historical median
Price to Sales (P/S)
0.40
Lower than its 5-year historical median
EV/EBITDA
7.60
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.71%
Underperforms industry median
Return on Capital Employed (ROCE)
5.22%
Underperforms industry median
Return on Assets (ROA)
0.83%
Operating Profit Margin
9.8%
Net Profit Margin
1.14%
Gross Profit Margin
5.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.29%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
54.36%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
153.3%
Asset Quality
Promoter Holding
57.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,173 Cr.
Equity
₹25.2 Cr.
Face Value
₹2
All Time Low / High
₹0.04 / 193.60

Bodal Chemicals stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Bodal Chemicals Ltd a good quality company?
Bodal Chemicals Ltd is a average quality company, based on a somewhat consistent 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.

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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.

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How does Bodal Chemicals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bodal Chemicals Ltd vs industry peers?
Bodal Chemicals Ltd revenue CAGR is 7.09%, compared to the industry median CAGR of 5.57%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bodal Chemicals Ltd?
Promoters hold 57.00% of the Bodal Chemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bodal Chemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.4% based on the current price.
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bodal Chemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ37.1%47.4%29.2%25.2%11.2%5.6%11.8%4.3%3.3%5.2%-
Value Creation
Index ⓘ		1.72.41.10.8-0.2-0.6-0.2-0.7-0.8-0.6-

Growth Parameters ⓘ
Sales ⓘ9101,1821,1211,3791,2241,1302,0111,5551,3861,7231,975
Sales YoY Gr.-29.9%-5.2%23.1%-11.3%-7.7%78%-22.7%-10.9%24.3%-
Adj EPS ⓘ7.611.410.111.97.93.7102.90.21.83.7
YoY Gr.-50%-11.4%17.5%-33.4%-52.8%166%-70.9%-94.5%993.8%-
BVPS (₹) ⓘ2233.257.468.273819089.69091.595.2
Adj Net
Profit ⓘ		83.11251241459745.812236.42.12247
Cash Flow from Ops. ⓘ13311222.121065.5-21.629.8246191106-
Debt/CF from Ops. ⓘ1.11.36.70.73.6-20.221.53.14.78.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ7.4%7.1%-5%24.3%
Adj EPS ⓘ-15.1%-26.1%-44%993.8%
BVPSⓘ17.2%4.6%0.6%1.6%
Share Price -5.4% -10.5% -6.8% -20.1%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		39.141.423.318.9114.711.63.30.21.94
Op. Profit
Mgn % ⓘ		1718.717.61711.77.411.28.47.89.88.5
Net Profit
Mgn % ⓘ		9.110.611.110.57.94.16.12.30.21.32.4
Debt to
Equity ⓘ		0.60.40.20.20.30.40.60.70.80.80.3
Working Cap
Days ⓘ		12211116716421026518423822718475
Cash Conv.
Cycle ⓘ		4636666989126100137119939

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9101,1821,1211,3791,2241,1302,0111,5551,3861,723
Operating Expenses ⓘ + 7609629241,1461,0911,0471,7871,4341,2791,557
Manufacturing Costs103115130159167160439348399482
Material Costs5707617028767747391,115891702869
Employee Cost 3740455980711089299111
Other Costs ⓘ 5045485270771251037996
Operating Profit ⓘ 15022119723313283224121108166
Operating Profit Margin (%) 16.5%18.7%17.5%16.9%10.8%7.3%11.1%7.8%7.8%9.6%
Other Income ⓘ + 12101215141888169
Exceptional Items ⓘ 850000000-1
Interest ⓘ 1275714921345280
Depreciation ⓘ 26261118262846526068
Profit Before Tax ⓘ 13220319322210664165431227
Tax ⓘ 457065781615411147
Profit After Tax 87133128144904812431820
PAT Margin (%) 9.5%11.2%11.4%10.4%7.4%4.3%6.2%2.0%0.6%1.1%
Adjusted EPS (₹)7.912.210.411.87.44.010.22.50.61.6
Dividend Payout Ratio (%)7.60%6.60%7.70%6.80%10.90%20.30%7.90%4%0%0%

Valuation of Bodal Chemicals - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2403637028338939901,1021,1251,1321,152
Share Capital ⓘ 22222424242424252525
Reserves ⓘ 2183416778098689661,0771,1001,1071,127
Debt +143142148135238436640687802792
Long Term Debt11100106214362443406
Short Term Debt142141147135238329426325359385
Minority Interest0000000000
Trade Payables105156148193195205255177195233
Others Liabilities ⓘ 273143749876131174207219
Total Liabilities ⓘ 5146921,0411,2351,4241,7082,1272,1632,3362,396

Fixed Assets

Net Fixed Assets ⓘ +1841964125296137608049551,3021,291
Gross Block4232224495846998739691,1721,5751,630
Accumulated Depreciation23926375586113165217272339
CWIP ⓘ 09142014701936861
Investments ⓘ 3212420414499100113101
Inventories87119112185191255430275247320
Trade Receivables167225335290371396540407375395
Cash Equivalents 466818101072826
Others Assets ⓘ 69116138182190239176225202202
Total Assets ⓘ 5146921,0411,2351,4241,7082,1272,1632,3362,396

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 1331122221065-2230246191106
PBT ⓘ 13220319322210664165431227
Adjustment ⓘ 21197114026608398142
Changes in Working Capital ⓘ 16-41-11841-62-103-15912878-69
Tax Paid ⓘ -36-69-59-64-18-8-37-736
Cash Flow From Investing Activity ⓘ + -24-100-216-175-146-171-195-315-266-39
Capex -16-45-219-143-50-166-157-319-233-44
Net Investments 0-13-082-071-392
Others ⓘ -8-424-40-98-6-46373
Cash Flow From Financing Activity ⓘ + -109-9191-29861861626988-71
Net Proceeds from Shares ⓘ 002190100000
Net Proceeds from Borrowing ⓘ -860-00-13106107215109-17
Interest Paid ⓘ -12-7-5-7-13-9-31-34-52-80
Dividend Paid ⓘ -8-4-5-10-190-10-10-1-0
Others ⓘ -42-17-121318996-1023226
Net Cash Flow ⓘ -13-366-6-3114-5

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)43.2644.1523.9718.7710.445.1311.882.80.691.71
ROCE (%)37.0847.3629.1725.211.195.611.764.253.265.22
Asset Turnover Ratio1.882.131.321.210.920.721.050.730.620.73
PAT to CFO Conversion(x)1.530.840.171.460.72-0.460.247.9423.885.3
Working Capital Days
Receivable Days67.2055.7089.4082.8098.70123.9084.90110.10102.4081.20
Inventory Days30.5029.3036.8039.3056.1071.9062.108268.3059.80
Payable Days69.5062.50797191.5098.9075.3088.4096.6089.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bodal Chemicals Ltd FAQs

The current trading price of Bodal Chemicals on 07-Jul-2026 13:44 is ₹61.50.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Jul-2026 the market cap of Bodal Chemicals stood at ₹781.4 Cr

The latest P/E ratio of Bodal Chemicals as of 06-Jul-2026 is 16.61.

The latest P/B ratio of Bodal Chemicals as of 06-Jul-2026 is 0.65.

The 52-week high of Bodal Chemicals is ₹81.64 and the 52-week low is ₹41.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bodal Chemicals is ₹1,975 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bodal Chemicals Ltd is a average quality company.

The key valuation ratios of Bodal Chemicals Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bodal Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Bodal Chemicals Ltd

Bodal Chemicals formaly known as JK phrarma, 17 years of success saga. The quest begin in 1989 with two enterprising young men Suresh patel and Ramesh patel, willing to take on the world of chemicals with their quality offering. And thus began JK pharma, a partnership firm with the production capacity of 60 metric tonnes per annum of Vinyl Sulphone. Bodal Chemicals Ltd has now emerged as supplier of one of the finest quality of Dyes and Dyes Intermediates

The company's huge motivation is the ability to use its products in the most optimum way and it has made it to lead from one partnership firm to a well established Limited Company. 1994 saw the conversion of the partnership firm to a private limited company with the change in name to Bodal Chemicals Ltd.

About 17 years back company started producing vinyl sulphone in a small way and with the passage of time due to foresight of the main person instrumental, Today Bodal is producing about 12 major dye intermediates with a monthly capacity of 1500 mt.

For the production of dyes the company has their own major dye-intermediates means quality will be consistent of dye_stuffs. Bodal is a fast growing company in the field of manufacturing dye intermediates & dye stuffs.

Bodal chemicals have established their production units at

  • Bodal Chemicals Ltd, Ahmedabad - Unit 1
  • Bodal Chemicals Ltd, Ahmedabad - Unit 2
  • Bodal Chemicals Ltd, Ahmedabad - Unit 3 
  • Bodal Chemicals Ltd, Ahmedabad - Unit 4 
  • Bodal Chemicals Ltd, Ankleshwar - Unit 5
  • Bodal Chemicals Ltd, Panoli - Unit 6 
  • Bodal Chemicals Ltd, Baroda - Unit 7 

Product range of the company includes:

Dyes intermediates

Acid & Direct Dyes

  • Direct Dyes
  • Acid Miling Dyes
  • Metal Complex Dyes Acid 1:1
  • Metal Complex Dyes Acid 2:1
  • Acid Dyes

Reactive Dyes

  • VS Based Dyes
  • H Dyes
  • HE Dyes
  • M Dyes
  • Bifunctional Dyes

Out of total production more than 70% is being exported to various countries like USA, UK, Germany, Spain, Turkey, China, Indonasia, Taiwan, Korea, Greece, Egypt, Portugal, Hongkong, Italy, Bangladesh and Pakistan.

Awards/achievements

  • Bodal Chemicals is an ISO 9001-2000 certified company
  • The company has Received Award for Excellence Growth in Exports from Mr. R S Reddy, Executive Director of Union Bank of India on 11/09/2006.
  • The company is a Government of India recognized Export House.
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