Ishan Dyes and Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 531109 | NSE: ISHANCH | Dyes & Pigments | Small Cap

Ishan Dyes and Chem. Share Price

39.62 0.62 1.59%
as on 28-Apr'25 16:59

DeciZen - make an informed investing decision on Ishan Dyes and Chem.

M-Cap below 100cr DeciZen not available

Ishan Dyes and Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
13.79
Market Cap:
81.8 Cr.
52-wk low:
34.5
52-wk high:
69.4

Is Ishan Dyes and Chemicals Ltd an attractive stock to invest in?

1. Is Ishan Dyes and Chemicals Ltd a good quality company?

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

2. Is Ishan Dyes and Chemicals Ltd undervalued or overvalued?

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

3. Is Ishan Dyes and Chemicals Ltd a good buy now?

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

10 Year X-Ray of Ishan Dyes and Chem.:

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.
Ishan Dyes and 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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 10.1%24.7%34.8%19.3%18.8%22.3%27.8%17.6%0.4%2.3%-
Value Creation
Index
-0.30.81.50.40.30.61.00.3-1.0-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 49.961.566.772.266.879.881.887.464.776.7111
Sales YoY Gr.-23.1%8.6%8.1%-7.4%19.5%2.4%6.9%-26%18.5%-
Adj EPS 1.734.62.33.44.77.65.5-0.8-0.12.8
YoY Gr.-74.7%52%-51.3%48.9%40.9%60%-27.8%-114.7%NA-
BVPS (₹) 13.616.42122.926.533.240.146.248.448.549.5
Adj Net
Profit
2.13.75.62.74.17.512.19.3-1.7-0.36
Cash Flow from Ops. 4-1.147.252.7-2.3-8.520.2-9.3-
Debt/CF from Ops. 1.2-7.91.81.32.40.9-4.2-2.21.1-6.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.9%2.8%-2.1%18.5%
Adj EPS -175.6%-153%-126.5%NA
BVPS15.2%12.9%6.5%0%
Share Price 16% 10.4% -36.9% -21.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.81923.59.813.117.220.212.3-1.8-0.35.8
Op. Profit
Mgn %
510.316.68.311.513.221.717.31.84.29.8
Net Profit
Mgn %
4.368.43.86.19.514.810.6-2.6-0.45.3
Debt to
Equity
0.30.40.30.30.40.10.20.20.20.6-
Working Cap
Days
116119145149157152221295415363128
Cash Conv.
Cycle
26276679767910316424316643

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.80%

Sales growth is good in last 4 quarters at 83.96%

Sales growth has been subdued in last 3 years -2.12%

Net Profit has been subdued in last 3 years -126.47%

Latest Financials - Ishan Dyes and Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 -
TTM Sales (₹ Cr.) 111 -
BVPS (₹.) 49.5 -
Reserves (₹ Cr.) 83 -
P/BV 0.79 -
PE 13.79 -
From the Market
52 Week Low / High (₹) 34.52 / 69.40
All Time Low / High (₹) 3.08 / 177.00
Market Cap (₹ Cr.) 81.8
Equity (₹ Cr.) 21
Face Value (₹) 10
Industry PE 39.7

Management X-Ray of Ishan Dyes and Chem.:

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 (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Ishan Dyes and Chem.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales49.9461.4566.7472.1566.8079.8181.7587.4064.7176.67
Operating Expenses 47.4455.0955.6966.1859.1569.2464.0272.2563.5873.43
Manufacturing Costs9.5211.5711.7712.4311.8313.3513.7013.9813.1315.07
Material Costs31.2636.0235.0444.7937.9244.9838.3745.4240.0148.68
Employee Cost 3.874.514.944.765.365.996.136.345.846.40
Other Costs 2.802.993.944.204.044.935.826.514.593.27
Operating Profit 2.496.3611.055.977.6610.5717.7315.151.133.24
Operating Profit Margin (%) 5.0%10.3%16.6%8.3%11.5%13.2%21.7%17.3%1.8%4.2%
Other Income 0.551.191.141.591.262.352.242.602.012.92
Interest 0.480.910.820.801.060.900.721.771.642.75
Depreciation 1.071.411.550.841.271.782.022.222.742.82
Exceptional Items -0.02-0.010000000-0.11
Profit Before Tax 1.485.219.835.926.5910.2417.2213.76-1.230.49
Tax -0.691.334.222.562.272.034.423.65-0.030.37
Profit After Tax 2.173.885.603.364.338.2112.8110.11-1.200.12
PAT Margin (%) 4.3%6.3%8.4%4.7%6.5%10.3%15.7%11.6%-1.9%0.2%
Adjusted EPS (₹)1.83.24.62.83.65.18.06.0-0.60.1
Dividend Payout Ratio (%)0%10%10%25%0%19%16%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 17.7321.1626.7629.1333.4654.1565.2879.54102.77102.81
Share Capital 7.517.5111.2611.2611.2615.9715.9716.9720.9720.97
Reserves 10.2213.6515.5017.8622.1938.1849.3262.5781.8081.84
Minority Interest0000000000
Debt3.487.506.188.2810.982.079.0717.0421.0754.34
Long Term Debt3.482.691.122.853.180.620.651.870.5224.38
Short Term Debt04.815.065.437.811.458.4215.1720.5529.97
Trade Payables10.614.114.697.666.596.3110.635.982.9313.18
Others Liabilities 1.172.936.4744.695.588.5214.794.098.92
Total Liabilities 32.9935.6944.1149.0655.7268.1093.50117.34130.86179.26

Fixed Assets

Gross Block21.3323.1624.4730.5838.1742.5746.2954.6782.4687.21
Accumulated Depreciation9.0410.4511.9910.7912.0613.6015.6217.9220.1322.94
Net Fixed Assets12.3012.7212.4819.7926.1228.9730.6736.7662.3464.27
CWIP 000.440.7800.640.840.430.9629.56
Investments 00.020.020.020.020.020.020.020.020.02
Inventories6.784.3811.896.069.398.9613.5423.2923.1325.84
Trade Receivables8.367.6710.7216.2712.3318.8626.5934.8112.7424.72
Cash Equivalents 0.160.380.540.280.241.160.390.270.270.16
Others Assets5.3910.528.015.877.629.5021.4521.7731.4034.68
Total Assets 32.9935.6944.1149.0655.7268.1093.50117.34130.86179.26

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3.99-1.093.987.204.982.65-2.32-8.5220.21-9.26
PBT 1.485.219.835.926.5910.2417.2213.76-1.230.49
Adjustment 1.532.282.310.892.191.811.942.632.953.45
Changes in Working Capital 1.35-8.28-7.172.14-2.44-7.19-17.42-21.2118.77-13.19
Tax Paid -0.37-0.30-0.97-1.76-1.36-2.20-4.07-3.70-0.28-0.01
Cash Flow From Investing Activity -4.40-1.79-1.69-7.90-6.80-4.65-3.26-8-40.54-25.12
Capex -4.43-1.83-1.75-7.95-6.82-5.21-3.92-7.90-28.75-33.35
Net Investments 0-0.0200000000
Others 0.040.060.060.040.020.560.66-0.10-11.798.23
Cash Flow From Financing Activity 0.063.11-2.140.441.772.914.8216.4120.3334.26
Net Proceeds from Shares 00000006.1018.300
Net Proceeds from Borrowing 0.54-0.78-1.571.730.32-2.5501.22-1.3523.85
Interest Paid -0.48-0.91-0.82-0.64-0.93-0.65-0.59-1.77-1.61-2.74
Dividend Paid 000-0.8400-1.60-200
Others 04.810.250.202.386.12712.854.9913.16
Net Cash Flow -0.350.230.16-0.26-0.040.92-0.77-0.120-0.11
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)14.0321.3124.6212.5814.3919.2721.8914.2-1.340.12
ROCE (%)10.0824.6734.8219.2518.7722.3427.817.550.362.27
Asset Turnover Ratio1.941.931.671.551.281.291.010.830.520.49
PAT to CFO Conversion(x)1.84-0.280.712.141.150.32-0.18-0.84N/A-77.17
Working Capital Days
Receivable Days36445068787110112813489
Inventory Days4631454542425077131117
Payable Days84754650695281674160

Ishan Dyes and Chemicals Ltd Stock News

Ishan Dyes and Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ishan Dyes and Chem. on 28-Apr-2025 16:59 is ₹39.62.
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 28-Apr-2025 16:59 the market cap of Ishan Dyes and Chem. stood at ₹81.78.
The latest P/E ratio of Ishan Dyes and Chem. as of 28-Apr-2025 16:59 is 13.79.
The latest P/B ratio of Ishan Dyes and Chem. as of 28-Apr-2025 16:59 is 0.79.
The 52-week high of Ishan Dyes and Chem. is ₹69.40 and the 52-week low is ₹34.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ishan Dyes and Chem. is ₹111.3 ( Cr.) .

About Ishan Dyes and Chemicals Ltd

Ishan Dyes and Chemicals was started in the year 1993 and is into the highly competitive chemicals and pigments industry. In a short span since it actually started its production in the November 1995, Ishan has embedded an impeccable impression in the global pigment and chemicals market with its superior quality products.

It has clinched a vast base of customers to whom it export a wide range of phthalocyanine blue pigments for plastics, water base and offset inks, paint(alkyd) on a regular basis. It marches ahead with a highly progressive and professional approach aimed at result orientation and based on business ethics and management techniques.

Its solvent dye is soluble in organic solvent. It manufactures a range of solvent dyes, which does not ionize. This quality of solvent pigments makes them soluble in non-polar materials such as triglycerides. Its solvent pigments are commonly called as lysochrome Pigments.

The company’s infrastructural set up forms the backbone of the company. It possesses a capacious warehouse, which has the capability to store large quantities of products. It is well equipped to import highest quality products from the noted companies based abroad. It has a wide network and association with various C&F agents to supply its clients with high quality and properly preserved chemicals.  

Products

  • C P C Blue Crude
  • Pigment Alpha Blue 15:0
  • Pigment Alpha Blue 15:1
  • Pigment Beta Blue 15:3

Certification/ recognition

  • ISO 9001-2000 certification
  • ISO 14001-2000 certification

Clientele

  • Clariant 
  • Heubach 
  • Lanxess 
  • Pyosa 
  • Ciba
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