Fin Cascade
Get Android appGet iOS app

Prices as of 9 Oct 2026 close · Not investment advice

Bodal Chemicals Limited

NSE: BODALCHEMDyes And PigmentsASM stage 4Trade-to-trade true

Share price

₹172.59

-1.35% close of 9 Oct 2026

Market cap ₹2,157 CrP/E 31.7

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

47

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,157 Cr

P/E ratio

31.7

P/B ratio

1.9

ROCE

5.6%

ROE

2.0%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹202.0252-week low ₹43.45

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Jun 2006 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Jun 2006 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 32.2× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 21.7×, across 5 companies. It is against its own five-year median of 17.0×, the 85th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Bodal Chemicals Limited — this one-16%/yr32.2×—
Sudarshan Chemical Industries Limited-25%/yr93.2×—
Kiri Industries Limited—4.0×—
Bhageria Industries Limited45%/yr23.4×₹0.52
Shree Pushkar Chemicals & Fertilisers Limited23%/yr21.7×₹0.94
Ultramarine & Pigments Limited5%/yr13.2×₹2.6

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Dyes And Pigments), it ranks 7 of 11 on returns, 4 of 11 on growth, 6 of 11 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 5.6% on capital, ahead of 36% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Roughly — Over the last five years it made ₹770 crore of cash from the business and spent about as much on plant and equipment. And the profit is real: of every 100 rupees it reported over 12 years, about 153 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 55 days for its cash to waiting 27 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 9 checks clear · 67%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 5 Aug 2026 · Consolidated · Unaudited

Revenue

₹709 Cr

Revenue vs last year

+56.2%

Revenue vs last quarter

+20.6%

Net profit

₹30 Cr

Profit vs last year

+203.8%

Profit vs last quarter

-5.1%

Net margin

4.3%

EPS

₹2.41

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2,157 Cr
Prev close
₹172.59
52w High
₹208
52w Low
₹42.8
Enterprise value
₹2,949 Cr
Beta
1.1
Price CAGR 1y
197.0%
Price CAGR 3y
31.0%
Price CAGR 5y
6.0%
Price CAGR 10y
2.0%

Ratios

Return on assets
2.1%
PEG ratio
-2.0
P/E ratio
31.7
P/B ratio
1.9
EV / EBITDA
16.1
Industry P/E
22.1
ROCE
5.6%
ROCE 5y average
6.4%
ROE
2.0%
Debt / Equity
0.7
Interest coverage
1.7
Dividend yield
0.0%
ROE 3y average
2.0%
ROE last year
2.0%

Annual P&L

Annual revenue
₹2,012 Cr
Annual profit
₹48 Cr
Operating margin
8.0%
Net profit margin
2.4%
EBITDA margin
8.3%
Sales growth 3y
8.5%
Sales growth 5y
10.4%
Profit growth 3y
-16.0%
Profit growth 5y
-12.0%
EPS
₹3.8
Sales growth TTM
28.0%
Profit growth TTM
129.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹709 Cr
Profit latest quarter
₹30 Cr
YoY quarterly sales growth
56.1%
YoY quarterly profit growth
200.0%
OPM latest quarter
9.7%

Balance Sheet

Book Value
₹92.6
Face Value
₹2.0
Total debt
₹813 Cr
Total cash
₹21 Cr
Borrowings
₹813 Cr
Reserves / Equity
45.3

Cash Flow

Operating cash flow
₹176 Cr
Free cash flow
₹180 Cr
FCF yield
4.7%
Net cash flow
-₹7 Cr

Shareholding

Promoter holding
57.0%
FII holding
0.0%
DII holding
0.0%
Public holding
43.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Sudarshan Chem.1,226.6096.19,7620.41103.4106.12,642.15.45.5
Kiri Industries556.254.53,6210.00290.72762.3312.454.53.4
Bodal Chemicals184.1433.72,3160.0030.4218.8709.056.15.6
Sh.Pushkar Chem.517.5023.21,6730.4122.99.4280.110.012.9
Bhageria Indust.377.5522.21,6510.6635.9199.8284.079.811.0
Ultramarine Pig.409.6014.61,1941.4628.068.2218.929.810.1
Sudarshan Colorants364.5516.38430.0020.419.1222.45.511.4
Median364.5522.74430.0519.0199.8188.929.88.5

Competes with: AksharChem India Limited, Asahi Songwon Colors Limited, Bhageria Industries Limited, Hindprakash Industries Limited, Kiri Industries Limited, Poddar Pigments Limited, Shree Pushkar Chemicals & Fertilisers Limited, Sudarshan Chemical Industries Limited, Sudarshan Colorants India Limited, Ultramarine & Pigments Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales332330339394422429443451454480490588709
Expenses310307315368388396399404407457468519640
Material Cost241227242274311481
Change in Inventories-325.4227-2.985.76-61
Purchases of Stock-in-Trade8.364.834.994.516.486.13
Employee Cost293232343133
Other Expenses157138151158166181
Operating Profit22232425343344474823226969
OPM %6.687.127.056.388.177.621010104.794.50129.72
Other Income965525124201536
Exceptional items (within Other Income)00-0.03000
Interest13131216212020212220191819
Depreciation15141517171717171817171717
Profit before tax322-2-1181213603639
Tax %312649-200-1912434-2524-801122
Net Profit2112-1-051410603230
EPS in Rs0.180.100.080.16-0.09-0.020.431.150.760.480.022.552.41
Diluted EPS in Rs1.150.760.470.022.552.41

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0439081,2331,1421,4241,3751,2262,0551,5741,3951,7482,0122,267
Expenses8597581,0079461,1871,2371,1401,8351,4411,2841,5781,8442,085
Material Cost9221,054
Change in Inventories-5035
Purchases of Stock-in-Trade1521
Employee Cost115128
Other Expenses585613
Operating Profit18415022619623613887220133111171168183
OPM %181618171710711881088
Other Income519158131016-2129-13544
Exceptional items (within Other Income)-1.25-0.03
Interest27129591917294154827976
Depreciation22262912212830475360697070
Profit before tax13913120418621910155142514.73195481
Tax %343435333515283125-37412
Net Profit9286133122141864099386.47184869
EPS in Rs8.417.881210127.123.438.513.030.511.473.805.46
Diluted EPS in Rs1.473.80
Dividend Payout %08787112393000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
8%
5 years
10%
3 years
9%
TTM
28%

Compounded profit growth

10 years
-12%
5 years
-12%
3 years
-16%
TTM
129%

Stock price CAGR

10 years
2%
5 years
6%
3 years
31%
1 year
197%

Return on equity

10 years
8%
5 years
4%
3 years
2%
Last year
2%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222242424242425252525
Reserves1352133416738059079511,0281,0531,0571,0801,132
Borrowings234143151181171257454676760904911813
Other Liabilities144132193194290267312385283294324366
Minority Interest00
Total Liabilities5345107071,0721,2901,4551,7412,1132,1202,2812,3392,336
Fixed Assets1901922224376096567978179671,3141,3011,239
CWIP309192671470193686167
Investments221717636001300
Other Assets3393164595996507899241,2279608869771,031
Total Assets5345107071,0721,2901,4551,7412,1132,1202,2882,3532,356

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity198131104718610-13-14290204114176
Cash from Investing Activity-35-23-67-256-128-79-168-170-315-278-419
Cash from Financing Activity-162-109-23236-51761781813381-73-191
Net Cash Flow0-114-1377-3-387-0-7
Free Cash Flow16210745-22138-43-191-170-29-2969180

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6967569185121139105971008380
Inventory Days435760598691141141119139139106
Days Payable62677379918710281721029781
Cash Conversion Cycle5058437179124178165144137125105
Working Capital Days231821585065735549192027
ROCE %3935462724115125366

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters575757575757575757575757
FIIs0.450.300.770.190.670.320.320.810.290.320.150.02
DIIs0.030.010.010.010.010000000
Government0.010.010.010.010.010.010.010.010.010.010.010.01
Public424242424242424243434343
No. of Shareholders77,81676,86777,33277,49581,42078,83178,16375,02374,64973,08370,46567,902

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +184.1% (₹60.76 → ₹172.59)Brick size ₹11.85 (fixed)Bricks 12
₹50.00₹100₹150₹173May '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹172.59 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

22.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

792inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

91,75,776inr

2026-03-31

News

News and filings about Bodal Chemicals Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Aniline oil
  • Benzene
  • Coal
  • Ethylene / ethylene oxide
  • Naphthalene
  • Salt / Brine (NaCl)
  • Soda ash
  • Sulphur

Depends on the price of

  • caustic_soda
  • coal
  • soda_ash
  • sulphuric_acid

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Dyes And Pigments
Classification
Chemicals › Dyes And Pigments
ISIN
INE338D01028

Plants

  • Unit I - Vatva GIDC Phase-II, Ahmedabad
  • Unit II - Vatva GIDC Phase-I, Ahmedabad
  • Unit III - Vatva GIDC Phase-III, Ahmedabad
  • Unit IV - Vatva GIDC Phase-II, Ahmedabad
  • Unit IX - Piludra, Jambusar
  • Unit V - Saykha GIDC, Bharuch
  • Unit VI - Kosi Kalan, Mathura
  • Unit VII - Dudhwada, Padra
  • Unit VIII - Ekalbara, Padra
  • Unit X - Dudhwada, Padra (Plot 525)
  • Unit XI - Khambhat, Anand
  • Unit XII - Rajpura, Patiala

News impact

Big market events that reach Bodal Chemicals Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

22 Sep 2023unspecified₹0.1
22 Sep 2022unspecified₹0.8
16 Sep 2021unspecified₹0.8
18 Feb 2020interim₹0.8
12 Sep 2019unspecified₹0.8
6 Sep 2018unspecified₹0.8
14 Sep 2017unspecified₹0.5
11 Aug 2016interim₹0.3

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
11 Sep 2026NEO APEX SHARE BROKING SERVICES LLPSELL10,74,170₹160.17
11 Sep 2026NEO APEX SHARE BROKING SERVICES LLPBUY7,59,170₹157.82
7 Sep 2026NEO APEX SHARE BROKING SERVICES LLPSELL7,34,968₹171.15
7 Sep 2026NEO APEX SHARE BROKING SERVICES LLPBUY7,34,966₹170.35
2 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDBUY21,03,735₹142.04
2 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDSELL21,03,735₹142.12
2 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL12,06,051₹139.61
2 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY11,94,151₹139.48
2 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY10,88,638₹140.11
2 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL10,88,638₹140.20

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
1 Oct 2026Ankit S. Patel · Promoter GroupBUY1,70,0003.39
1 Oct 2026Ramesh D Patel · Promoter GroupSELL1,70,0003.37

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.