Is Ishan Dyes and Chemicals Ltd (ISHANCH) 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 .

Is Ishan Dyes and Chemicals Ltd (ISHANCH) 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 Fair zone .

What is Ishan Dyes and Chemicals Ltd (ISHANCH) share price return in the past 10 years?

Ishan Dyes and Chemicals Ltd share price has appreciated 9.3% annually (CAGR) over the past ten years.

Is Ishan Dyes and Chemicals Ltd (ISHANCH) a good buy now?

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

What is the share price of Ishan Dyes and Chemicals Ltd (ISHANCH)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ishan Dyes and Chemicals Ltd (ISHANCH) on 07-May-2026 13:24:00 at 13:24 is 60.60.

What is the P/E ratio of Ishan Dyes and Chemicals?

The latest standalone P/E ratio of Ishan Dyes and Chemicals as of 07-May-2026 is 0.00.

What is the P/B ratio of Ishan Dyes and Chemicals Ltd (ISHANCH)?

The latest standalone P/B ratio of Ishan Dyes and Chemicals Ltd (ISHANCH) as of 07-May-2026 is 1.21.

What is the 52-week high and low of Ishan Dyes and Chemicals Ltd (ISHANCH)?

The 52-week high of Ishan Dyes and Chemicals Ltd (ISHANCH) is Rs. 83.50 and the 52-week low is Rs. 35.01.

Ishan Dyes and Chemicals Ltd (ISHANCH) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Ishan Dyes and Chemicals Ltd (ISHANCH)
Brand: Ishan Dyes and Chemicals

Ishan Dyes and Chemicals Ltd (ISHANCH) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ishan Dyes and Chemicals Ltd (ISHANCH)

BSE: 531109 NSE: ISHANCH

Key Metrics

Market Cap

₹170 Cr.

P/E Ratio

0.00

Price to Book (P/B)

1.21

Price to Sales (P/S)

2.91

EV/EBITDA

372.41

Return on Capital Employed (ROCE)

4.08%

Current Price

₹60.6

Return on Equity (ROE)

1.06%

Return on Assets (ROA)

0.54%

Operating Profit Margin

6.6%

Net Profit Margin

1.07%

Gross Profit Margin

4.5%

Book Value per Share

₹51.7

Sales Growth (YoY)

32.35%

Sales Growth (3 Years)

5.1%

Operating Profit Growth (1 Year)

107.41%

Operating Profit Growth (3 Years)

-23.74%

Net Profit Growth (1 Year)

808.33%

52-Week Low / High

₹35 / 84

Net Profit Growth (3 Years)

-52.48%

Dividend Yield

0.00%

Promoter Holding

40.15%

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

0.00%

Check Before You Invest

Q.1 Stock return of Ishan Dyes and Chemicals Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 9.2% based on the current price.

Q.1 Revenue growth of Ishan Dyes and Chemicals Ltd?

Ishan Dyes and Chemicals Ltd revenue growth is 32.4% for FY-2025, which is above its 5-year CAGR of 4.92%, indicating faster growth.

Q.1 Which industry/sub-sector does Ishan Dyes and Chemicals Ltd belong to?

Ishan Dyes and Chemicals Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Dyes & Pigments segment.

Q.1 Promoter shareholding and pledge status of Ishan Dyes and Chemicals Ltd?

Promoters hold 40.15% of the Ishan Dyes and Chemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Ishan Dyes and Chemicals Ltd vs industry peers?

Ishan Dyes and Chemicals Ltd revenue CAGR is 4.92%, compared to the industry median CAGR of 6.84%, indicating stable growth and maintaining its market share.

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

Based on:

Data

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

1. Quality

2. Valuation ⓘ

3. Price Trend

Ishan Dyes and Chemicals stock performance

Key Ratios

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

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 ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	24.7%	34.8%	19.3%	18.8%	22.3%	27.8%	17.6%	0.4%	2.3%	4.1%	-
Value Creation Index ⓘ	0.8	1.5	0.4	0.3	0.6	1.0	0.3	-1.0	-0.8	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	61.5	66.7	72.2	66.8	79.8	81.8	87.4	64.7	76.7	101	58
Sales YoY Gr.	-	8.6%	8.1%	-7.4%	19.5%	2.4%	6.9%	-26%	18.5%	32.4%	-
Adj EPS ⓘ	3	4.6	2.3	3.4	4.7	7.6	5.5	-0.8	-0.1	0.2	-3.6
YoY Gr.	-	52%	-51.3%	48.9%	40.9%	60%	-27.8%	-114.7%	NA	NA	-
BVPS (₹) ⓘ	16.4	21	22.9	26.5	33.2	40.1	46.2	48.4	48.5	49	51.7
Adj Net Profit ⓘ	3.7	5.6	2.7	4.1	7.5	12.1	9.3	-1.7	-0.3	0.4	-10
Cash Flow from Ops. ⓘ	-1.1	4	7.2	5	2.7	-2.3	-8.5	20.2	-9.3	11.6	-
Debt/CF from Ops. ⓘ	-7.9	1.8	1.3	2.4	0.9	-4.2	-2.2	1.1	-6.4	7.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.7%	4.9%	5.1%	32.4%
Adj EPS ⓘ	-26.1%	-46.9%	-66.8%	NA
BVPSⓘ	12.9%	8.1%	2%	1.1%
Share Price	9.3%	-1.4%	-0.4%	66%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	19	23.5	9.8	13.1	17.2	20.2	12.3	-1.8	-0.3	0.4	-7.1
Op. Profit Mgn % ⓘ	10.3	16.6	8.3	11.5	13.2	21.7	17.3	1.8	4.2	6.6	-2.6
Net Profit Mgn % ⓘ	6	8.4	3.8	6.1	9.5	14.8	10.6	-2.6	-0.4	0.4	-16.6
Debt to Equity ⓘ	0.4	0.3	0.3	0.4	0.1	0.2	0.2	0.2	0.6	0.9	-
Working Cap Days ⓘ	119	145	149	157	152	221	295	415	363	312	326
Cash Conv. Cycle ⓘ	27	66	79	76	79	103	164	243	166	112	19

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-3.6	-
TTM Sales (₹ Cr.)	58.5	-
BVPS (₹) ⓘ	51.7	-
Reserves (₹ Cr.) ⓘ	114	-
P/BV ⓘ	1.21	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	35.01 / 83.50
All Time Low / High (₹)	3.08 / 177.00
Market Cap (₹ Cr.)	170
Equity (₹ Cr.)	27.3
Face Value (₹)	10
Industry PE ⓘ	3.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Ishan Dyes and Chem. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	61	67	72	67	80	82	87	65	77	101
Operating Expenses ⓘ +	55	56	66	59	69	64	72	64	73	95
Manufacturing Costs	12	12	12	12	13	14	14	13	15	19
Material Costs	36	35	45	38	45	38	45	40	49	63
Employee Cost	5	5	5	5	6	6	6	6	6	8
Other Costs ⓘ	3	4	4	4	5	6	7	5	3	5
Operating Profit ⓘ	6	11	6	8	11	18	15	1	3	7
Operating Profit Margin (%)	10.3%	16.6%	8.3%	11.5%	13.2%	21.7%	17.3%	1.8%	4.2%	6.6%
Other Income ⓘ +	1	1	2	1	2	2	3	2	3	3
Exceptional Items ⓘ	-0	0	0	0	0	0	0	0	-0	0
Interest ⓘ	1	1	1	1	1	1	2	2	3	5
Depreciation ⓘ	1	2	1	1	2	2	2	3	3	2
Profit Before Tax ⓘ	5	10	6	7	10	17	14	-1	0	2
Tax ⓘ	1	4	3	2	2	4	4	-0	0	1
Profit After Tax	4	6	3	4	8	13	10	-1	0	1
PAT Margin (%)	6.3%	8.4%	4.7%	6.5%	10.3%	15.7%	11.6%	-1.9%	0.2%	1.1%
Adjusted EPS (₹)	3.2	4.6	2.8	3.6	5.1	8.0	6.0	-0.6	0.1	0.5
Dividend Payout Ratio (%)	9.70%	10.10%	25.10%	0%	19.50%	15.60%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	21	27	29	33	54	65	80	103	103	104
Share Capital ⓘ	8	11	11	11	16	16	17	21	21	21
Reserves ⓘ	14	15	18	22	38	49	63	82	82	83
Debt +	7	6	8	11	2	9	17	21	54	84
Long Term Debt	3	1	3	3	1	1	2	1	24	38
Short Term Debt	5	5	5	8	1	8	15	21	30	47
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	4	5	8	7	6	11	6	3	13	20
Others Liabilities ⓘ	3	6	4	5	6	9	15	4	9	14
Total Liabilities ⓘ	36	44	49	56	68	94	117	131	179	222
Fixed Assets
Net Fixed Assets ⓘ +	13	12	20	26	29	31	37	62	64	62
Gross Block	23	24	31	38	43	46	55	82	87	87
Accumulated Depreciation	10	12	11	12	14	16	18	20	23	25
CWIP ⓘ	0	0	1	0	1	1	0	1	30	71
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	4	12	6	9	9	14	23	23	26	36
Trade Receivables	8	11	16	12	19	27	35	13	25	12
Cash Equivalents	0	1	0	0	1	0	0	0	0	0
Others Assets ⓘ	11	8	6	8	9	21	22	31	35	41
Total Assets ⓘ	36	44	49	56	68	94	117	131	179	222

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1	4	7	5	3	-2	-9	20	-9	12
PBT ⓘ	5	10	6	7	10	17	14	-1	0	2
Adjustment ⓘ	2	2	1	2	2	2	3	3	3	6
Changes in Working Capital ⓘ	-8	-7	2	-2	-7	-17	-21	19	-13	4
Tax Paid ⓘ	-0	-1	-2	-1	-2	-4	-4	-0	-0	-1
Cash Flow From Investing Activity ⓘ +	-2	-2	-8	-7	-5	-3	-8	-41	-25	-39
Capex	-2	-2	-8	-7	-5	-4	-8	-29	-33	-42
Net Investments	-0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	1	1	-0	-12	8	3
Cash Flow From Financing Activity ⓘ +	3	-2	0	2	3	5	16	20	34	28
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	6	18	0	0
Net Proceeds from Borrowing ⓘ	-1	-2	2	0	-3	0	1	-1	24	13
Interest Paid ⓘ	-1	-1	-1	-1	-1	-1	-2	-2	-3	-5
Dividend Paid ⓘ	0	0	-1	0	0	-2	-2	0	0	0
Others ⓘ	5	0	0	2	6	7	13	5	13	19
Net Cash Flow ⓘ	0	0	-0	-0	1	-1	-0	0	-0	-0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	21.31	24.62	12.58	14.39	19.27	21.89	14.2	-1.34	0.12	1.06
ROCE (%)	24.67	34.82	19.25	18.77	22.34	27.8	17.55	0.36	2.27	4.08
Asset Turnover Ratio	1.93	1.67	1.55	1.28	1.29	1.01	0.83	0.52	0.49	0.51
PAT to CFO Conversion(x)	-0.25	0.67	2.33	1.25	0.38	-0.15	-0.9	N/A	N/A	12
Working Capital Days
Receivable Days	44.30	50.30	68.30	78.10	71	101.50	128.20	134.10	89.20	66
Inventory Days	30.80	44.50	45.40	42.20	41.80	50.20	76.90	130.90	116.60	110.40
Payable Days	74.60	45.80	50.30	68.60	52.30	80.60	66.70	40.60	60.40	96

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ishan Dyes and Chemicals Ltd FAQs

The current trading price of Ishan Dyes and Chem. on 07-May-2026 13:24 is ₹60.60.

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 06-May-2026 the market cap of Ishan Dyes and Chem. stood at ₹170.3 Cr

The latest P/E ratio of Ishan Dyes and Chem. as of 06-May-2026 is 0.00.

The latest P/B ratio of Ishan Dyes and Chem. as of 06-May-2026 is 1.21.

The 52-week high of Ishan Dyes and Chem. is ₹83.50 and the 52-week low is ₹35.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ishan Dyes and Chem. is ₹58.45 ( 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 companyâ€™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

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

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.

Ishan Dyes and Chemicals Ltd (ISHANCH) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ishan Dyes and Chem. Share Price