Resonance Specialties Ltd (524218) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 524218 | NSE: | Chemicals | Small Cap

Resonance Specialtie Share Price

100.51 1.67 1.69%
as on 05-Dec'25 15:22

Resonance Specialties Ltd (524218) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 524218 | NSE: | Chemicals | Small Cap

DeciZen - make an informed investing decision on Resonance Specialtie

Based on:

Overall Rating
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality


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2. Valuation


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3. Price Trend


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Resonance Specialties stock performance -

Key Ratios
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P/E Ratio (SA):
15.30
Market Cap:
114.1 Cr.
52-wk low:
65
52-wk high:
124.5

Is Resonance Specialties Ltd an attractive stock to invest in?


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10 Year X-Ray of Resonance Specialtie: 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.
Resonance Specialties Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.4%8.6%3.1%25.3%31.5%48.3%39.8%14.1%7.8%15.2%-
Value Creation
Index
-0.2-0.4-0.80.81.32.51.80.0-0.40.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 38.934.23640.356.170.375.858.855.377.885
Sales YoY Gr.--12.2%5.2%12%39.4%25.2%7.8%-22.4%-6%40.7%-
Adj EPS 1.10.8-0.72.65.48.710.43.92.36.16.5
YoY Gr.--27.6%-197.4%NA106.9%61.9%19.9%-62.6%-40.3%159.7%-
BVPS (₹) 14.815.915.318.121.630.44043.446.652.354.1
Adj Net
Profit
1.20.9-0.936.210.112.14.52.777
Cash Flow from Ops. 3.20.62.15.31.44.313.3-8.44.2-2.5-
Debt/CF from Ops. 0.67.31.600.30.30-0.31-1.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8%6.8%0.9%40.7%
Adj EPS 21.5%2.4%-16.6%159.7%
BVPS15.1%19.4%9.3%12.1%
Share Price 12.9% 1.5% -4.8% -1.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5.53.8-3.612.121.828.226.18.44.811.512.2
Op. Profit
Mgn %
8.15.91.81213.820.322.111.68.713.913
Net Profit
Mgn %
3.12.6-2.47.511.114.315.97.74.998.7
Debt to
Equity
0.10.20.2000000.10.10
Working Cap
Days
163204212171126128141208286231108
Cash Conv.
Cycle
83104866357596913418416488

Recent Performance Summary

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Latest Financials - Resonance Specialties Ltd.

Standalone Consolidated
TTM EPS (₹) 6.5 -
TTM Sales (₹ Cr.) 85.3 -
BVPS (₹.) 54.1 -
Reserves (₹ Cr.) 51 -
P/BV 1.83 -
PE 15.30 -
From the Market
52 Week Low / High (₹) 65.00 / 124.50
All Time Low / High (₹) 1.05 / 254.95
Market Cap (₹ Cr.) 114
Equity (₹ Cr.) 11.5
Face Value (₹) 10
Industry PE 48.1

Management X-Ray of Resonance Specialtie:

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 (%)

Valuation of Resonance Specialtie - Standalone Basis

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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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Resonance Specialtie

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales39343640567076595578
Operating Expenses 36323535485659525067
Manufacturing Costs12131312212328311829
Material Costs18131618212624132430
Employee Cost 2343444455
Other Costs 3322232433
Operating Profit 3215814177511
Operating Profit Margin (%) 7.8%5.9%1.8%12.0%13.8%20.3%22.1%11.6%8.7%13.6%
Other Income 0111221211
Interest 1011000000
Depreciation 1111112112
Exceptional Items 00-0-0-10000-1
Profit Before Tax 210571516749
Tax 0012144212
Profit After Tax 11-1361112537
PAT Margin (%) 3.1%3.0%-1.9%8.0%9.8%15.0%16.3%8.5%5.4%8.4%
Adjusted EPS (₹)1.00.9-0.62.84.89.110.74.32.65.7
Dividend Payout Ratio (%)0%0%0%0%21%11%9%23%0%18%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 23242326314152565764
Share Capital 12121212121212121212
Reserves 11121215192940444652
Minority Interest0000000000
Debt2430010232
Long Term Debt0000000232
Short Term Debt2430010000
Trade Payables5967781595
Others Liabilities 2345454344
Total Liabilities 32403738415557667476

Fixed Assets

Gross Block39414142424544525650
Accumulated Depreciation25262727282930323328
Net Fixed Assets 14151514141614202321
CWIP 0011200001
Investments 0000010030
Inventories814109131712232326
Trade Receivables7778698121322
Cash Equivalents 1112269421
Others Assets 33453614694
Total Assets 32403738415557667476

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 31251413-84-3
PBT 110571516749
Adjustment 2221-111112
Changes in Working Capital 1-21-1-3-71-140-12
Tax Paid -0-0-00-2-4-5-2-1-2
Cash Flow From Investing Activity -1-3-1-1-2-1-93-72
Capex -1-3-1-1-2-1-0-8-4-1
Net Investments 0000-0-110-33
Others 000000-91100
Cash Flow From Financing Activity -22-1-410-210-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -00-0-000021-1
Interest Paid -1-0-0-0-0-0-0-0-0-0
Dividend Paid -100010-1-1-10
Others -12-1-301-1010
Net Cash Flow 0-001133-4-2-2

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.245.8-3.8616.6624.0835.1130.4410.395.7111.5
ROCE (%)11.378.623.1425.2931.5148.3339.7514.147.7915.2
Asset Turnover Ratio1.241.031.011.211.611.631.531.070.791.04
PAT to CFO Conversion(x)31N/A1.670.170.361.08-1.61.33-0.43
Working Capital Days
Receivable Days76716657393638578584
Inventory Days691061107664706196152115
Payable Days119200165130117107738510487

Resonance Specialties Ltd Stock News

Resonance Specialties Ltd FAQs

The current trading price of Resonance Specialtie on 05-Dec-2025 15:22 is ₹100.5.
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 04-Dec-2025 the market cap of Resonance Specialtie stood at ₹114.1.
The latest P/E ratio of Resonance Specialtie as of 04-Dec-2025 is 15.30.
The latest P/B ratio of Resonance Specialtie as of 04-Dec-2025 is 1.83.
The 52-week high of Resonance Specialtie is ₹124.5 and the 52-week low is ₹65.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Resonance Specialtie is ₹85.25 ( Cr.) .

About Resonance Specialties Ltd

Resonance Specialties incorporated in 1989 is a pioneer in Pyridine chemistry and one of the few manufacturers of the product in the world. The company, formerly known as Armour Polymers Limited, was the first in India to manufacture Pyridines. Resonance is also one of the largest manufacturers of Lutidines in the world.Despite the fact that these technologies are available only with a select few companies worldwide, Resonance was able to innovate and commercialise production with its own technology.

The company is promoted by Dr Atma. B. Gupta, a technocrat with a doctorate from the University of New York, and several years of post doctorate research in USA.

The company produces a range of value added products and continues to be the largest manufacturer and exporter of products like Alpha Picolinic acid and Dipicolinic acid. Resonance has exclusive supply arrangements with global industry leaders.

In 1994, just two years after the commissioning of the Pyridine and Picoline plants, the company repeated its pioneering feat. It became the first company in India to manufacture Cyanopyridines. This successful effort brought company recognition from the government of India for technological excellence. Resonance is also the first in India to manufacture various Collidines. True to its ethos, products manufactured by the company are comparable to the world’s best. The company employs green manufacturing to minimise its ecological impact and is able to deliver products that meet and surpass customer expectations and standards. Many of their innovative processes improve the yield; enhance the efficiency of manufacturing as well as the quality of the product.

Resonance products are exported to many countries worldwide through their supply agreements with many multinationals as well as through direct exports.In the company, quality is a way of life and it adhere to a stringent regimen to ensure the quality of their products.Every raw material is thoroughly tested and quality is monitored through the entire manufacturing process up to the final packaging.

Product range of the company includes:

  • Pyridines
  • Picolines
  • Cyanopyridines
  • Lutidines
  • Collidines
  • Active Pharmaceutical Ingredients (APIs)
  • Drug Intermediates

These products cater to the requirements of various industries.

  • Pyridine is a versatile chemical used in the manufacture of  agrochemicals,pharmaceuticals & bulk drugs, dyes, rubber chemicals, etc
  • Alpha Picoline is used in the Vinyl Latex Rubber.
  • Beta Picoline is used in the manufacture of Vitamin B3.
  • Gamma Picoline is used in the pharmaceutical industry for the manufacture of an anti-tuberculosis drug, Isoniazid

Resonance products are exported to many countries worldwide through its supply agreements with many multinationals as well as through direct exports.

Achievements/ recognition

The promoter of the company is the proud recipient of the Government of India award for technological excellence when he set up the first Cyanopyridines plant in India.

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