Ishan Dyes and Chemicals Limited

BSE: ISHANCH531109ISIN INE561M01018

Commodities
Specialty Chemicals

Share price

₹43.60-0.97 (-2.18%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹76.99
52W low: ₹41.40
Off 52W high: -43.37%
1M return: -9.15%
3M return: -13.80%
6M return: -30.12%
1Y return: -42.95%
20D avg volume: 2,382
50 DMA: ₹46.39
200 DMA: ₹54.93

Key ratios Standalone

Market cap: ₹119.05 Cr
Current price: ₹43.60
52W high / low: ₹76.99 / ₹41.40
Face value: ₹10.00
P/E: 45.89
P/B: 1.13
EPS (TTM): ₹0.95
Book value / share: ₹38.58
ROE: 2.46%
ROCE: 1.10%
Operating margin: 54.08%
Net margin: 30.51%
Debt / equity: 0.64
Net debt: ₹89.89 Cr
Interest cover: 0.29
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 159.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	20.37	41.48	31.76	18.69	6.74	16.29	16.73	21.19	30.58	32.97	—
	0.52	1.36	1.71	0.88	0.13	0.45	0.78	0.56	0.93	0.73	—
	20.89	42.84	33.47	19.56	6.88	16.73	17.51	21.74	31.51	33.70	—
	14.38	42.66	31.10	23.58	10.59	16.33	18.33	21.08	30.15	32.79	—
	16.99	30.59	30.17	13.54	-1.49	6.31	13.81	17.80	18.70	18.82	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.47	1.70	3.06	1.85	1.60	1.69	2.48	2.05	2.15	1.76	—
	2.44	2.50	2.86	1.33	1.56	1.26	1.29	1.39	1.33	1.12	—
	2.06	2.05	2.07	1.57	0.60	0.60	0.61	0.61	0.62	0.63	—
	2.35	2.23	4.01	2.96	1.57	2.08	5.50	2.37	2.34	2.40	—
	6.51	0.18	2.36	-4.01	-3.72	0.41	-0.82	0.67	1.36	0.91	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	6.51	0.18	2.36	-4.01	-3.72	0.41	-0.82	0.67	1.36	0.91	—
	0.30	0.03	0.90	1.24	-0.09	0.10	0.34	0.62	0.04	0.03	—
	6.22	0.15	1.47	-5.25	-3.62	0.30	-1.16	0.05	1.32	0.88	—
	2.28	0.06	1.12	-2.01	-1.68	0.14	-0.55	0.02	0.63	0.42	—
Key metrics
	11.01	4.73	7.29	-1.11	-1.56	2.27	1.08	2.67	3.31	2.66	—
	54.10%	11.40%	23.00%	-5.90%	-23.10%	13.90%	6.50%	12.60%	10.80%	8.10%	—
	30.50%	0.40%	4.60%	-28.10%	-53.70%	1.80%	-6.90%	0.20%	4.30%	2.70%	—
	4.80%	—	2.90%	—	-1.20%	—	0.30%	—	—	—	—
	202.20%	154.60%	89.80%	-11.80%	-78.00%	-50.60%	—	—	—	—	—
	271.80%	-50.00%	226.70%	-10,600.00%	-374.20%	-65.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	112.30	73.47	101.47	—
	4.47	3.17	3.00	—
	116.76	76.64	104.47	—
	111.72	81.60	102.35	—
	91.29	48.53	69.13	—
	0.00	0.00	0.00	—
	8.08	8.21	8.44	—
	9.13	7.02	5.13	—
	7.75	4.85	2.47	—
	11.55	10.63	23.27	—
	5.04	-4.96	2.12	—
	0.00	0.00	0.00	—
	5.04	-4.96	2.12	—
	2.47	2.15	1.03	—
	2.59	-7.11	1.09	—
	1.45	-6.00	0.52	—
Key metrics
	21.92	6.91	9.72	—
	19.52%	9.40%	9.60%	—
	2.31%	-9.70%	1.10%	—
	—	1.10%	5.00%	—
	84.25%	-27.60%	—	—
	—	-752.30%	—	—
	—	-30.56	-30.53	—
	—	-1.21	10.65	—
	—	0.64	0.89	—
	—	89.89	91.96	—
	—	159.0	99.0	—
Balance sheet
	—	255.99	221.90	—
	—	83.12	77.26	—
	—	0.40	0.14	—
	—	3.85	11.98	—
	—	33.78	35.53	—
	—	20.79	13.09	—
	—	163.40	61.81	—
	—	5.61	19.99	—
	—	75.91	77.66	—
	—	90.29	92.10	—
	—	57.54	54.48	—
	—	32.75	37.62	—
	—	142.13	103.87	—
Cash flow
	—	8.59	11.61	—
	—	-44.81	-39.15	—
	—	36.48	27.53	—
	—	39.15	42.14	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +84.25%
Profit YoY (TTM): +158.47%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 40.15%

Quarter	September 2026	June 2026
Promoter %	40.15%	40.15%

Holder	Type	Holding	Previous	Change
Anilaben Piyushbhai Patel	Promoter	10.86%	10.86%	0.00%
Piyushbhai N Patel	Promoter	10.11%	10.11%	0.00%
Mirali Hemantbhai Patel	Promoter	9.77%	9.77%	0.00%
Shrinal P Patel	Promoter	8.85%	8.85%	0.00%
RIYA VINODCHANDRA PANDIYA	Public	4.65%	4.65%	0.00%
SHAISHAV RAKESHBHAI SHAH	Public	2.75%	2.75%	0.00%
RAKESH RAMANLAL SHAH	Public	2.75%	2.75%	0.00%
STANDARD GREASES AND SPECIALITIES PRIVATE LIMITED	Public	2.52%	2.52%	0.00%
SANJEEV UMEDMAL DUGAR	Public	1.48%	1.48%	0.00%
Patel NIKUL KUMAR	Public	1.21%	1.21%	0.00%
JAY KANAKRAI BHATT	Public	1.16%	1.16%	0.00%
ARHAA HOLDINGS	Public	1.11%	1.11%	0.00%
DIPAK KANAYALAL SHAH	Public	1.01%	—	—
Marutbhai Dineshchandra Patel	Promoter	0.56%	0.56%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%
Ishan Dyes and Chemicals Limited S	119	43.60	45.89	1.10%	+84.25% TTM	+158.47% TTM	-42.95%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Copies of Newspaper Publication for the Un-audited Financial Results for the Quarter and Half year ended 30 September 202628 Oct 2026 · Company Update / Newspaper Publication
Un-Audited Financial Results for the Quarter and Half Year ended 30th September 2026.26 Oct 2026 · Result / Financial Results
Outcome of Board Meeting dated 26th October 2026.26 Oct 2026 · Board Meeting / Outcome of Board Meeting
Ishan Dyes And Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/10/2026 ,inter alia, to consider and approve 1. Un-Audited Standalone ....19 Oct 2026 · Board Meeting / Board Meeting
we are submitting herewith disclosure under regulation 74(5) of SEBI (DP) Regulations, 201815 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are submitting herewith Voting Results and Scrutinizer''s Report of the 33rd AGM of the Company held on 29th September, 2026.1 Oct 2026 · AGM/EGM / AGM
We are submitting herewith proceedings of the 33rd AGM of the Company held on 29th September, 2026.29 Sep 2026 · AGM/EGM / AGM
We are submitting here with disclosure of Trading Window Closure.26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
We are submitting herewith Copies of Newspaper Publication confirming electronic dispatch of Notice of 33rd AGM and Annual Report 2025-26.4 Sep 2026 · Company Update / Newspaper Publication
Annual Report for Financial Year 2025-26.3 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 33rd Annual General Meeting dated 29th September, 2026.3 Sep 2026 · AGM/EGM / AGM
We are submitting herewith Copies of Newspaper Publication in respect of information regarding 33rd Annual General Meeting of the Company.22 Aug 2026 · Company Update / Newspaper Publication
We are submitting herewith disclosure under regulation 30 of SEBI (LODR) Regulations, 2015 - Copies of Newspaper Publication.17 Aug 2026 · Company Update / Newspaper Publication
Financial Results for Quarter ended 30th June 2026.14 Aug 2026 · Result / Financial Results
Outcome of Board Meeting dated 14th August 2026.14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Ishan Dyes And Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve 1. Un-Audited Standalone ....7 Aug 2026 · Board Meeting / Board Meeting
We are submitting herewith Disclosure under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regualtions, 2015 - Commencement of Work for Four Additonal Sulphur- Based ....31 Jul 2026 · Company Update / General
We are submitting herewith certificate under Regulation 74(5) of SEBI(DP) Regulations, 201827 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Disclosure under Regulation 30.1 Jul 2026 · Company Update / General
We are submitting herewith revised Financial Results for the Quarter and Financial year ended 31st March, 2026.25 Jun 2026 · Result / Financial Results
We are submitting herewith intimation for Closure of Trading Window w.e.f. 01st July, 2026.24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Revised Financial Statements for the Quarter and the Financial Year ended 31st March 2026 (Inserting Statement of Impact of Audit Observations).22 Jun 2026 · Company Update / General
Revised Financial Results for the Quarter and the Financial Year ended 31st March 2026 (Insertion of Statement of Impact of Audit Observations.)22 Jun 2026 · Result / Financial Results
We are submitting herewith intimation regarding Advisory Letter issued by National Stock Exchange of India Limited.12 Jun 2026 · Company Update / General
We are submitting herewith disclosure under regulation 30 of SEBI (LODR) Regulations, 2015 - Copies of Newspaper Publication.30 May 2026 · Company Update / Newspaper Publication
We are submitting herewith disclosure under Regulation 24A of the SEBI (LODR) Regulations, 2015 - Annual Secretarial Compliance Report.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Regulation 32 Statement for Quarter ended 31st March 2026.28 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Appointment of Internal Auditor for FY 2026-27.28 May 2026 · Company Update / Change in Management
Audited Standalone Financial Results for the Quarter and Financial Year ended 31st March 202628 May 2026 · Result / Financial Results
Outcome of Board Meeting dated 28th May 2026.28 May 2026 · Board Meeting / Outcome of Board Meeting
Ishan Dyes And Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve 1. Audited Standalone ....11 May 2026 · Board Meeting / Board Meeting
We are submitting herewith Voting Results and Scrutinizers'' Report of the Postal Ballot completed on 30th April, 2026.1 May 2026 · AGM/EGM / Postal Ballot
We are submitting herewith Scrutinizers'' Report and Voting Results of the Postal Ballot completed on 30th April, 20261 May 2026 · AGM/EGM / Postal Ballot
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....28 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
We are submitting herewith Disclosure under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended 31st March, 2026.23 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Piyushbhai Patel & PACs1 Apr 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Copies of Newspaper Publication dated 31st March, 202631 Mar 2026 · Company Update / Newspaper Publication
Intimation of Postal Ballot Notice dated 21st March, 2026.30 Mar 2026 · AGM/EGM / Postal Ballot
Allotment of Equity Shares upon Conversion of Warrants.28 Mar 2026 · Company Update / Allotment of Equity Shares
Outcome of Board Meeting dated 28th March, 2026.28 Mar 2026 · Others / Outcome without intimation

Board meetings

26 Oct 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results