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Chembond Material Technologies Ltd (CHEMBOND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530871 NSE: CHEMBOND Chemicals | Small Cap | Chembond Matl. Tech. Share Price

₹204.45 -13.00 (-5.98%)

As on 15-Sep'26 11:51

Chembond Material Technologies Ltd (CHEMBOND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530871 NSE: CHEMBOND Chemicals | Small Cap | Chembond Matl. Tech. Share Price

₹204.45 -13.00 (-5.98%)

As on 15-Sep'26 11:51

Key Metrics
Valuation Multiples
Market Cap
₹292 Cr.
Current Price
₹204.5
52-Week Low / High
₹105 / 236
TTM EPS
₹10.9
TTM Sales
₹265 Cr.
Book Value per Share
₹128.4
P/E Ratio
19.99
Lower than its 5-year historical median
Industry PE
49.5
Price to Book (P/B)
1.69
Higher than its 5-year historical median
Price to Sales (P/S)
1.10
Lower than its 5-year historical median
EV/EBITDA
13.07
Lower than its 5-year historical median
Dividend Yield
0.98%
Profitability Efficiency
Return on Equity (ROE)
7.98%
Underperforms industry median
Return on Capital Employed (ROCE)
9.63%
Underperforms industry median
Return on Assets (ROA)
6.23%
Operating Profit Margin
7.5%
Net Profit Margin
5.15%
Gross Profit Margin
8.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
22.74%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
8.22%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-26.59%
Asset Quality
Promoter Holding
68.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹166 Cr.
Equity
₹6.7 Cr.
Face Value
₹5
All Time Low / High
₹2.62 / 746.15

Chembond Material Technologies stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Chembond Material Technologies Ltd a good quality company?
Chembond Material Technologies Ltd is a weak quality company, based on a inconsistent 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.

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.

How does Chembond Material Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Chembond Material Technologies Ltd vs industry peers?
Chembond Material Technologies Ltd revenue CAGR is -1.84%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Chembond Material Technologies Ltd?
Promoters hold 68.11% of the Chembond Material Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Chembond Material Technologies 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.

10 Year X-Ray :

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.
Chembond Material Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 8.4%6.5%3.2%2.4%5.4%4.5%1.9%10%12.2%6.2%-
Value Creation
Index
-0.4-0.5-0.8-0.8-0.6-0.7-0.9-0.3-0.1-0.6-

Growth Parameters

Sales 21923215658.54245.650.8153171210224
Sales YoY Gr.-6.2%-32.7%-62.5%-28.2%8.5%11.4%201.7%11.7%22.7%-
Adj EPS 10.16.23.647.26.62.37.111.76.66.8
YoY Gr.--38.4%-42.2%11.4%79.6%-8.8%-65%210%64.1%-43.5%-
BVPS (₹) 159.4167.9170.7170.8177.9182.2179.8112.6122126.1129.5
Adj Net
Profit
13.68.44.85.49.78.83.19.615.78.99
Cash Flow from Ops. -3.18.3-15.923.8-0.50.110.817.912.5-
Debt/CF from Ops. -2.40.6000000.100-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -0.4%38%60.5%22.7%
Adj EPS -4.6%-1.7%42.2%-43.5%
BVPS-2.6%-6.7%-11.2%3.4%
Share Price -1.3% -2.6% -18.8% 12.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
6.63.82.12.44.13.71.34.9105.35.3
Op. Profit
Mgn %
0.11.21.138.68.13.85.87.66.25.2
Net Profit
Mgn %
6.23.63.19.22319.46.16.39.24.24.1
Debt to
Equity
0000000000-
Working Cap
Days
1259713330239037934113814412689
Cash Conv.
Cycle
21255715212012512557534657

Valuation of Chembond Matl. Tech. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales291327301268274349440178201250
Operating Expenses + 274305276258256332405172188236
Manufacturing Costs29333030293842182225
Material Costs17319415713013118823899106135
Employee Cost 37424954526067282935
Other Costs 34374144444658283140
Operating Profit 1723251018173561314
Operating Profit Margin (%) 5.8%6.9%8.3%3.7%6.6%4.9%7.9%3.6%6.6%5.8%
Other Income + 18114315951486
Exceptional Items 000000002-1
Interest 1111011110
Depreciation 4444545334
Profit Before Tax 3028248292134171916
Tax 7455879623
Profit After Tax 2324203201425111813
PAT Margin (%) 7.9%7.2%6.6%1.2%7.4%4.0%5.7%6.3%8.7%5.2%
Adjusted EPS (₹)14.416.312.91.415.110.418.78.313.19.6
Dividend Payout Ratio (%)11.50%11.30%15.50%143.60%14.90%48.30%16.10%42.10%13.40%20.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 230248261269293304322143156167
Share Capital 7777777777
Reserves 223242255262286297315137149160
Debt +9973227734
Long Term Debt0011110000
Short Term Debt8963117734
Minority Interest17245111000
Trade Payables45513634433953323335
Others Liabilities 2015129121316879
Total Liabilities 321325321321352359398190199215

Fixed Assets

Net Fixed Assets +49108109124122121116263441
Gross Block53114119138139143139425261
Accumulated Depreciation36914182222161820
CWIP 212001121382
Investments 150765851737565657870
Inventories28252527293434161620
Trade Receivables678191828490115494053
Cash Equivalents 14181314251931131417
Others Assets 1117232219192581012
Total Assets 321325321321352359398190199215
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 5-12-122425-101941915
PBT 3028248292134171916
Adjustment -10-21218-802-3-62
Changes in Working Capital -10-10-29512-24-28848-5
Tax Paid -6-9-9-7-8-8-7-3-22
Cash Flow From Investing Activity + -01914-12-11-21-89-8-10
Capex -6-62-7-17-3-4-13-5-4-20
Net Investments 581205-9213-1-78
Others 1000001-8432
Cash Flow From Financing Activity + -3-4-6-11-2-4-2-5-9-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0000-000000
Interest Paid -1-1-1-1-0-1-1-1-1-0
Dividend Paid 0-2-2-50-3-7-4-5-2
Others -2-0-3-5-1-060-42
Net Cash Flow 23-5112-160023
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)10.489.857.781.167.264.688.044.8111.737.98
ROCE (%)13.7611.729.583.2110.217.0711.047.313.029.63
Asset Turnover Ratio1.051.040.930.840.820.981.160.611.041.21
PAT to CFO Conversion(x)0.22-0.5-0.681.25-0.710.048.551.061.15
Working Capital Days
Receivable Days71.1080.80103.90117.90110.4090.6084.90167.8080.3067.80
Inventory Days28.9028.7029.8035.4037.7033.1028.205128.9026.30
Payable Days92.1090.40101.6098.70107.408070.70157.20111.7092

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Chembond Material Technologies Ltd FAQs

The current trading price of Chembond Matl. Tech. on 15-Sep-2026 11:51 is ₹204.4.

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 14-Sep-2026 the market cap of Chembond Matl. Tech. stood at ₹292.4 Cr

The latest P/E ratio of Chembond Matl. Tech. as of 14-Sep-2026 is 32.16.

The latest P/B ratio of Chembond Matl. Tech. as of 14-Sep-2026 is 1.68.

The 52-week high of Chembond Matl. Tech. is ₹236.1 and the 52-week low is ₹105.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Chembond Matl. Tech. is ₹224 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Chembond Material Technologies Ltd is a below average quality company.

The key valuation ratios of Chembond Material Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Chembond Material Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Chembond Material Technologies Ltd

Chembond Material Technologies (formerly known as Chembond Chemicals) is a Public Limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on BSE and National Stock Exchange of India. The Registered office of the Company is situated at MIDC Mahape, Navi Mumbai, Maharashtra.

The company is engaged in the manufacturing of speciality chemicals. It is a notable player in the domains of surface treatment, bonding and sealing, and coatings, and is a prolific producer of metal treatment chemicals, automotive sealants, engineering adhesives, industrial and high-performance coatings, paint booth solutions, and maintenance, repair, and overhaul (MRO) products. Its portfolio spans across various industries, demonstrating its versatility and commitment to quality. Its robust sales and service network extend its reach, enabling it to deliver superior service to its customers, no matter where they are in the country. Its investments in technological advancements reflect its unwavering commitment to improving its service and delivering products of unmatched quality. 

Business area of the company

The company is a notable player in the domains of surface treatment, bonding and sealing, and coatings, and is a prolific producer of metal treatment chemicals, automotive sealants, engineering adhesives, industrial and high-performance coatings, paint booth solutions, and maintenance, repair, and overhaul (MRO) products.

Products of the company

Metal Treatment Chemicals

  • Industrial Cleaners
  • Phosphating
  • Nano conversion coating
  • Advanced aluminium pretreatment solutions
  • Steel & coil treatment 
  • Metal working fluids lubricants

Automotive sealants

  • Paint shop sealants
  • Assembly shop products
  • Auto component & engineering sealants
  • Body shop sealants

Engineering Adhesives 

  • Thread lockers
  • Thread sealants
  • Retaining compounds
  • Gasket makers
  • Cyanoacrylates

Epoxies

Coating 

  • Higher performance coating
  • Industrial coating
  • Floor coating

Paint booth solutions

  • Tack cloths and wipes 
  • Paint booth solution
  • Paint strippers

MRO products 

History and milestones

  • 1979: The company commissioned plant at Tarapur, Maharashtra.
  • 1997: JV with Henkel KGaA, Germany, for Metak Treatment Chemicals
  • 2007: The company has launched Industrial Biotech Products.
  • 2008: The company has commissioned plant at Dudhwada, Gujarat.  
  • 2016: Alliance with ND Industries Inc. USE for Industrial Adhessives.
  • 2017: Acquired Automotive Sealants Company Phiroze Sethna Pvt. Ltd and Chemicals India Pvt. Ltd.
  • 2018: Re-entry into Mental Treatment Chemicals.
  • 2020: Sealant Manufacturing Plant at Alandi, Pune.
  • 2020: 2X capacity Expansion for Paint shop sealants & extrudable butyl at Alandi plant.

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