What is Indian Toners & Developers Ltd (523586) share price return in the past 10 years?

Indian Toners & Developers Ltd share price has appreciated 8.1% annually (CAGR) over the past ten years.

What is the share price of Indian Toners & Developers Ltd (523586)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indian Toners & Developers Ltd (523586) on 02-Jul-2026 16:59:59 at 16:59 is 295.60.

What is the P/E ratio of Indian Toners & Developers?

The latest standalone P/E ratio of Indian Toners & Developers as of 02-Jul-2026 is 11.28.

What is the P/B ratio of Indian Toners & Developers Ltd (523586)?

The latest standalone P/B ratio of Indian Toners & Developers Ltd (523586) as of 02-Jul-2026 is 1.38.

What is the 52-week high and low of Indian Toners & Developers Ltd (523586)?

The 52-week high of Indian Toners & Developers Ltd (523586) is Rs. 300.00 and the 52-week low is Rs. 215.40.

Indian Toners & Developers Ltd (523586) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Indian Toners & Developers Ltd (523586)
Brand: Indian Toners & Developers

Key Metrics

Valuation Multiples

Market Cap

₹307 Cr.

Current Price

₹295.6

52-Week Low / High

₹215 / 300

TTM EPS

₹26.2

TTM Sales

₹166 Cr.

Book Value per Share

₹214.6

P/E Ratio

11.28

In line with its 5-year historical median

Industry PE

52.9

Price to Book (P/B)

1.38

Higher than its 5-year historical median

Price to Sales (P/S)

1.85

In line with its 5-year historical median

EV/EBITDA

7.20

Higher than its 5-year historical median

Dividend Yield

2.03%

Profitability Efficiency

Return on Equity (ROE)

12.82%

Outperforms industry median

Return on Capital Employed (ROCE)

16.47%

Outperforms industry median

Return on Assets (ROA)

10.74%

Operating Profit Margin

21.1%

Net Profit Margin

16.42%

Gross Profit Margin

23.4%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

8.38%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

5.12%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

21.35%

Asset Quality

Promoter Holding

69.25%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹213 Cr.

Equity

₹10.4 Cr.

Face Value

₹10

All Time Low / High

₹0.05 / 417.95

Indian Toners & Developers stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 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.

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 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.

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.

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 4.6% based on the current price.

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

Value Creation ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
ROCE % ⓘ	31.6%	20.8%	15.8%	8.7%	11.1%	14.6%	19.6%	17.4%	16.5%	16.5%	-
Value Creation Index ⓘ	1.3	0.5	0.1	-0.4	-0.2	0.0	0.4	0.2	0.2	0.2	-
Growth Parameters ⓘ
Sales ⓘ	115	112	115	91	88.3	119	155	157	153	166	166
Sales YoY Gr.	-	-2.5%	3.1%	-21.2%	-3%	34.8%	30.4%	1%	-2.4%	8.4%	-
Adj EPS ⓘ	29.5	18.5	16.1	9.6	12.6	18.8	24.2	24	21.5	26.4	26.2
YoY Gr.	-	-37.4%	-12.9%	-40.6%	32.2%	49.1%	28.5%	-0.8%	-10.4%	22.9%	-
BVPS (₹) ⓘ	166.3	120.9	132.6	140.1	148.3	152.7	173.5	193.2	194.2	214.6	214.6
Adj Net Profit ⓘ	23.8	24.3	21.2	12.6	13.7	20.4	26.2	26	22.3	27.4	27
Cash Flow from Ops. ⓘ	17.7	19.2	13.9	13.5	19.5	14.1	20.9	24	26.1	35.9	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.2%	13.4%	2.2%	8.4%
Adj EPS ⓘ	-1.2%	15.9%	3%	22.9%
BVPSⓘ	2.9%	7.7%	7.4%	10.5%
Share Price	8.1%	8.9%	5.8%	14.8%

Key Financial Parameters ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
Return on Equity % ⓘ	23.3	15.8	12.3	6.9	7.9	12.5	14.8	13.1	10.9	12.6	12.2
Op. Profit Mgn % ⓘ	24.5	24.6	21.4	14.6	17.9	21.8	22.4	21.5	21.7	21.1	21
Net Profit Mgn % ⓘ	20.7	21.7	18.3	13.8	15.5	17.2	16.9	16.6	14.6	16.5	16.4
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	81	135	145	173	157	141	140	150	161	143	166
Cash Conv. Cycle ⓘ	21	29	38	64	56	46	57	76	81	74	150

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	115	112	115	91	88	119	155	157	153	166
Operating Expenses ⓘ +	87	85	92	78	73	95	120	123	120	131
Manufacturing Costs	15	16	17	15	13	18	24	25	23	24
Material Costs	51	47	51	41	39	52	71	71	69	77
Employee Cost	12	13	14	14	14	16	17	18	20	21
Other Costs ⓘ	9	9	9	8	6	9	8	8	8	9
Operating Profit ⓘ	28	27	24	13	16	24	35	34	33	35
Operating Profit Margin (%)	24.3%	24.5%	20.7%	14.1%	17.6%	19.8%	22.4%	21.5%	21.7%	21.1%
Other Income ⓘ +	7	7	6	7	8	4	4	6	6	6
Exceptional Items ⓘ	0	0	-0	0	0	0	0	0	0	-0
Interest ⓘ	1	1	1	1	0	0	1	0	0	0
Depreciation ⓘ	3	4	4	4	4	4	4	5	5	5
Profit Before Tax ⓘ	30	30	25	15	19	23	34	34	34	35
Tax ⓘ	7	6	5	2	5	5	8	8	11	7
Profit After Tax	24	24	20	12	14	19	26	26	22	27
PAT Margin (%)	20.6%	21.6%	17.7%	13.4%	15.4%	15.9%	17.0%	16.7%	14.7%	16.4%
Adjusted EPS (₹)	29.3	18.4	15.5	9.3	12.5	17.5	24.3	24.1	21.6	26.2
Dividend Payout Ratio (%)	0%	16.30%	19.30%	32.40%	24%	17.20%	14.40%	18.70%	20.80%	22.90%

Valuation of Indian Toners & Dev. - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	139	164	180	184	161	166	188	210	202	232
Share Capital ⓘ	8	13	13	13	11	11	11	11	10	10
Reserves ⓘ	131	151	167	171	150	155	177	199	191	222
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	12	16	16	12	11	13	6	5	10	8
Others Liabilities ⓘ	18	13	11	10	14	18	22	23	27	29
Total Liabilities ⓘ	169	194	207	207	186	196	217	238	238	269
Fixed Assets
Net Fixed Assets ⓘ +	45	52	52	54	50	49	69	77	80	89
Gross Block	83	94	97	104	104	105	127	140	147	161
Accumulated Depreciation	38	42	46	50	54	57	58	63	67	72
CWIP ⓘ	8	1	1	0	0	1	2	0	0	0
Investments ⓘ	71	87	91	101	76	65	64	70	52	102
Inventories	11	13	18	17	12	18	19	17	23	20
Trade Receivables	15	17	18	14	16	17	22	26	23	27
Cash Equivalents	5	8	15	12	22	25	17	23	33	15
Others Assets ⓘ	14	15	12	9	10	22	25	25	25	16
Total Assets ⓘ	169	194	207	207	186	196	217	238	238	269

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	18	19	14	13	19	14	21	24	26	36
PBT ⓘ	30	30	25	15	19	23	34	34	34	35
Adjustment ⓘ	-3	-1	-3	-3	1	3	1	-0	-0	0
Changes in Working Capital ⓘ	-4	-2	-4	4	3	-8	-9	-3	-1	9
Tax Paid ⓘ	-5	-7	-5	-3	-3	-5	-5	-7	-6	-8
Cash Flow From Investing Activity ⓘ +	-16	-16	-2	-9	28	4	-23	-12	16	-52
Capex	-10	-4	-5	-10	-0	-9	-24	-12	-8	-3
Net Investments	-7	-14	2	0	27	11	3	-1	21	-46
Others ⓘ	1	2	1	2	1	2	-1	1	3	-3
Cash Flow From Financing Activity ⓘ +	-2	-4	-5	-8	-38	-15	-5	-6	-31	-7
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0	-1	-1	-1	-0	-0	-0	-0	-0	-0
Dividend Paid ⓘ	-1	-3	-5	-7	0	-15	-4	-5	-5	-6
Others ⓘ	0	0	0	-1	-38	-1	-0	-1	-26	-1
Net Cash Flow ⓘ	0	-1	6	-3	9	3	-6	7	11	-23

Financial Ratio

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	24.43	16.53	12.24	6.79	7.85	11.6	14.87	13.14	10.91	12.82
ROCE (%)	31.61	20.76	15.79	8.67	11.12	14.62	19.58	17.36	16.49	16.47
Asset Turnover Ratio	1.01	0.63	0.59	0.45	0.46	0.64	0.77	0.71	0.66	0.68
PAT to CFO Conversion(x)	0.75	0.79	0.7	1.08	1.36	0.74	0.81	0.92	1.18	1.33
Working Capital Days
Receivable Days	26.90	50.80	54.70	62.80	59.90	48.80	44.30	53.60	57.10	53.60
Inventory Days	27.50	39.30	48.20	67.70	57.30	44.20	41.80	39.30	45.90	45.70
Payable Days	56.60	109.80	116.20	125.80	108.60	84.10	49.20	30.30	40	41.70

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

Indian Toners & Developers Ltd FAQs

The current trading price of Indian Toners & Dev. on 02-Jul-2026 16:59 is ₹295.6.

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 01-Jul-2026 the market cap of Indian Toners & Dev. stood at ₹307.2 Cr

The latest P/E ratio of Indian Toners & Dev. as of 01-Jul-2026 is 11.28.

The latest P/B ratio of Indian Toners & Dev. as of 01-Jul-2026 is 1.38.

The 52-week high of Indian Toners & Dev. is ₹300.0 and the 52-week low is ₹215.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Toners & Dev. is ₹166 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Toners & Developers Ltd is a good quality company.

The key valuation ratios of Indian Toners & Developers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About Indian Toners & Developers Ltd

Indian Toners and Developers (ITD) was incorporated in 1990 as a public limited company with more than 18000 shareholders, an entrepreneurial venture, founded by its Chairman & Managing Director, Sushil Jain. Employing a highly automated and integrated Swiss/German plant, ITDL had a capacity to produce 650 mt of toners per annum. ITD is a leading manufacturer of compatible black toners for photocopiers, laser printers, digital machines and multi function printers.

ITDL has now enhanced its capacity to produce 2400 mt of toners per annum with its new manufacturing facility (ITDL Imagetec Limited) located at Sitarganj in the state of Uttrakhand.

Having established itself as a pioneer in the domestic market, ITD exports toners and developers of best quality standards for use in various international brands and models of photocopiers, laser printers and digital machines to more than 32 countries ITDL is an entrepreneurial venture, which was founded by its Chairman & Managing Director, Sushil Jain, a technocrat with an innovative vision. Quality consciousness, dedication to technological progress and determination for satisfaction of its customers, shareholders and employees underline the values set forth by its founder.

Research and Development has been the cornerstone of ITDL's success. Backed by a pilot plant and know-how assistance from Japan, ITDL is well equipped to develop a wide range of toner products to meet the emerging needs of the market. Raw materials are sourced from world-renowned manufacturers in Japan, Germany and The United States of America.

Being the first company of its kind, ITDL thus came onto the Indian business scenario as a pioneer in this highly technical field and since then has established itself firmly as the leader in the domestic market with the single largest market share. ITDL has the most widespread network of dealers numbering 500, which is constantly growing, present in every nook and corner of the country. With its head office based in New Delhi, the regional offices of the company are located in the 4 metropolitan cities of India â€“ Delhi, Mumbai, Chennai and Kolkata. ITDL has a strong work force of employees in excess of 250.

Every department of ITDL consists of a team of highly experienced and dedicated professionals in order to maintain a privileged relationship with the large and ever growing family of valued and satisfied customers.

Product range of the company includes:

Indian Toners and Developers Limited, is the leading manufacturer of compatible black toner for photocopiers, laser printers, digital machines and multi function printers. It is sold under the brand name of Supremo in the domestic market. It has established itself firmly as the leader in the domestic market with the single largest market share.

Black toner for

Photocopiers
Laser Printers
Digital Machines and
Multi Function Printers

Developers

Bulk Toner and Toner Cartridge Packaging

The company has recently introduced consumables for laser printer cartridges - OPC Drums, Doctor Blades and Wiper Blades.

Achievements/ recognition:

An ISO 9001:2000 certified company

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Indian Toners & Developers Ltd (523586)

Indian Toners & Developers Ltd (523586)

Indian Toners & Developers stock performance

Check Before You Invest

Quality

Valuation

Price Trend

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)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Indian Toners & Dev. - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indian Toners & Developers Ltd FAQs

What is the share price of Indian Toners & Dev.?

What is the market cap of Indian Toners & Dev.?

What is the P/E ratio of Indian Toners & Dev.?

What is the P/B ratio of Indian Toners & Dev.?

What is the 52-week high and low of Indian Toners & Dev.?

What is the TTM revenue of Indian Toners & Dev.?

Is Indian Toners & Developers Ltd a good quality company?

Is Indian Toners & Developers Ltd undervalued or overvalued?

Is Indian Toners & Developers Ltd a good buy now?

About Indian Toners & Developers Ltd

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