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Devson Catalyst Ltd (544823)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544823 NSE: Chemicals | Small Cap | Devson Catalyst Share Price

₹212.65 10.10 (4.99%)

As on 22-Jul'26 16:59

Devson Catalyst Ltd (544823)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544823 NSE: Chemicals | Small Cap | Devson Catalyst Share Price

₹212.65 10.10 (4.99%)

As on 22-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹289 Cr.
Current Price
₹212.7
52-Week Low / High
₹186 / 227
TTM EPS
₹9.2
TTM Sales
₹55.8 Cr.
Book Value per Share
₹53.6
P/E Ratio
23.08
In line with its 5-year historical median
Industry PE
53.2
Price to Book (P/B)
3.96
In line with its 5-year historical median
Price to Sales (P/S)
5.18
In line with its 5-year historical median
EV/EBITDA
16.22
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
45.97%
Return on Capital Employed (ROCE)
57.81%
Return on Assets (ROA)
36.29%
Operating Profit Margin
30.1%
Net Profit Margin
22.45%
Gross Profit Margin
31.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.87%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
53.34%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
63.23%
Asset Quality
Promoter Holding
73.59%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹59 Cr.
Equity
₹13.6 Cr.
Face Value
₹10
All Time Low / High
₹186.35 / 227.00

Devson Catalyst stock performance

Key Ratios
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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.
Devson Catalyst 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'23Mar'24Mar'25Mar'26TTM
ROCE % 33%46.6%52%57.8%-
Value Creation
Index
1.42.32.73.1-

Growth Parameters

Sales 32.543.553.255.856
Sales YoY Gr.-33.6%22.4%4.9%-
Adj EPS 2.23.87.411.79.2
YoY Gr.-77.7%94.5%57.5%-
BVPS (₹) 91320.532.753.6
Adj Net
Profit
2.23.97.61213
Cash Flow from Ops. 1.90.24.54.6-
Debt/CF from Ops. 0.7210.60.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA19.7%4.9%
Adj EPS NANA75.9%57.5%
BVPSNANA53.7%59.7%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
23.834.744.44421.3
Op. Profit
Mgn %
11.115.420.830.1NAN
Net Profit
Mgn %
6.8914.321.522.4
Debt to
Equity
0.20.30.10.1-
Working Cap
Days
0971031460
Cash Conv.
Cycle
050711070

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales33435356
Operating Expenses + 29374239
Manufacturing Costs0111
Material Costs23293327
Employee Cost 1144
Other Costs 5646
Operating Profit 471117
Operating Profit Margin (%) 11.1%15.4%20.6%30.1%
Other Income + 0001
Exceptional Items 0000
Interest 0100
Depreciation 0011
Profit Before Tax 361017
Tax 1234
Profit After Tax 24813
PAT Margin (%) 7.2%9.4%14.4%22.5%
Adjusted EPS (₹)2.34.07.512.2
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Devson Catalyst - 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'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 9132133
Share Capital 00010
Reserves 9132123
Debt +1432
Long Term Debt0001
Short Term Debt1431
Minority Interest0000
Trade Payables4223
Others Liabilities 1223
Total Liabilities 16212742

Fixed Assets

Net Fixed Assets +57712
Gross Block8101015
Accumulated Depreciation3333
CWIP 0000
Investments 0020
Inventories4238
Trade Receivables581317
Cash Equivalents 1112
Others Assets 1323
Total Assets 16212742

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2055
PBT 361017
Adjustment 1111
Changes in Working Capital -1-6-3-10
Tax Paid -1-1-4-3
Cash Flow From Investing Activity + -1-3-2-3
Capex -1-3-1-5
Net Investments 00-22
Others 0000
Cash Flow From Financing Activity + -03-2-1
Net Proceeds from Shares 0000
Net Proceeds from Borrowing -00-01
Interest Paid -0-0-0-0
Dividend Paid 0000
Others -03-1-1
Net Cash Flow 1001

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)25.3136.244.7645.97
ROCE (%)33.0446.5651.9557.81
Asset Turnover Ratio2.052.332.181.62
PAT to CFO Conversion(x)100.630.38
Working Capital Days
Receivable Days56.8054.8070.9096.30
Inventory Days42.702516.9034.40
Payable Days66.1036.7021.3036.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Devson Catalyst Ltd FAQs

The current trading price of Devson Catalyst on 22-Jul-2026 16:59 is ₹212.7.

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 21-Jul-2026 the market cap of Devson Catalyst stood at ₹288.9 Cr

The latest P/E ratio of Devson Catalyst as of 21-Jul-2026 is 23.08.

The latest P/B ratio of Devson Catalyst as of 21-Jul-2026 is 3.96.

The 52-week high of Devson Catalyst is ₹227.0 and the 52-week low is ₹186.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Devson Catalyst is ₹55.78 ( Cr.) .

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

The key valuation ratios of Devson Catalyst Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Devson Catalyst Ltd

Devson Catalyst was originally incorporated as ‘Devson Insulators Private Limited’ on September 10, 2004. Later, the name of the company was changed from ‘Devson Insulators Private Limited’ to ‘Devson Catalyst Private Limited’ pursuant to a resolution passed in the Extra Ordinary General Meeting held on June 16, 2017. Further, pursuant to special resolution passed by the members in the Extra Ordinary General Meeting dated October 27, 2025, the company has been converted from Private limited to Public Limited and a fresh Certificate of Incorporation was issued by Registrar of Companies, Central Processing Centre on November 06, 2025. Consequently, the name of company changed from ‘Devson Catalyst Private Limited’ to ‘Devson Catalyst Limited’.

It is an ISO 9001:2015 and ISO 45001:2018 certified company and an indigenous manufacturer of catalysts, adsorbents and ceramic balls used as key materials in various industrial processes. Its products are used to improve process efficiency and facilitate removal of impurities from gases and liquids across various industrial applications. It primarily manufactures: i) Catalysts, which enable chemical reactions to occur faster and more efficiently without being consumed during the process. ii) Adsorbents, which are used for removal of impurities such as moisture, dust and other undesirable components from gases and liquids. iii) Ceramic balls, which act as support media in industrial reactors and towers, helping in catalyst bed support, uniform distribution of gas or liquid flow and protection of catalysts from pressure or flow variations. 

Its products are supplied to customers operating in industries such as oil and gas refineries, petrochemicals, steel, fertilizers and other industrial processing sectors. These products play an important role in enhancing process efficiency, improving operational reliability and supporting sustainable industrial practices. It caters to customers in both domestic and international markets.

Business area of the company

The company is primarily engaged in the business manufacturing of catalysts, Adsorbents, ceramic balls and related products. The company has presence in both domestic and international market.

Awards and recognitions

  • 2023: Industry Outlook recognized the company as one of the Top 10 Adsorbents & Desiccants Manufacturers. 
  • 2023: The Divya Bhaskar Surendranagar Ratna Award was presented to the company for being India’s Best Manufacturer of Petrochemical Equipment in Surendranagar.

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