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AksharChem (India) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹71.48Overvalued by 63.15%vs CMP ₹194.00

P/E (15.0) × ROE (1.8%) × BV (₹326.00) × DY (0.39%)

Defaults: P/E=15

₹304.16Undervalued by 56.78%vs CMP ₹194.00
MoS: +36.2% (Strong)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹37.3526%Over (-80.7%)
Graham NumberEarnings₹208.7319%Fair (+7.6%)
Net Asset ValueAssets₹325.8210%Under (+67.9%)
EV/EBITDAEnterprise₹294.7313%Under (+51.9%)
Earnings YieldEarnings₹59.4010%Over (-69.4%)
ROCE CapitalReturns₹1,093.1313%Under (+463.5%)
Revenue MultipleRevenue₹430.288%Under (+121.8%)
Consensus (7 models)₹304.16100%Undervalued
Key Drivers: EPS CAGR -47.7% drags value — could be higher if earnings stabilize. | ROE 1.8% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -47.7% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

AksharChem (India) Ltd operates in the Dyes & Pigments segment, NSE: AKSHARCHEM | BSE: 524598, current market price is ₹194.00, market cap is 156 Cr.. At a glance, ROE is 1.82 %, ROCE is 3.46 %, book value is 326, dividend yield is 0.39 %. The latest intrinsic value estimate is ₹304.16, which is about 56.8% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹346 Cr versus the prior period change of 14.6%, while latest net profit is about ₹5 Cr with a prior-period change of 126.3%. The 52-week range shown on this page is 331/141, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAksharChem (India) Ltd. is a Public Limited Listed company incorporated on 04/07/1989 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L2…

This summary is generated from the stock page data available for AksharChem (India) Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

47
AksharChem (India) Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 3.5% WeakROE 1.8% WeakD/E 0.32 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 62.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 4% SteadyWorking capital: 18 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +6% YoY GrowingOPM: 3.7% (down 3.3% YoY) Margin pressure
Industry Rank20/100 · Weak
ROCE 3.5% vs industry 10.2% Below peersROE 1.8% vs industry 8.1% Below peers3Y sales CAGR: -3% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:13 pm

Market Cap 156 Cr.
Current Price 194
Intrinsic Value₹304.16
High / Low 331/141
Stock P/E
Book Value 326
Dividend Yield0.39 %
ROCE3.46 %
ROE1.82 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for AksharChem (India) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
AksharChem (India) Ltd 156 Cr. 194 331/141 3260.39 %3.46 %1.82 % 10.0
Hindprakash Industries Ltd 158 Cr. 138 176/107103 43.90.00 %6.96 %3.32 % 10.0
Ushanti Colour Chem Ltd 130 Cr. 116 116/38.0 37.70.00 %0.98 %5.98 % 10.0
Mahickra Chemicals Ltd 185 Cr. 228 230/10988.2 45.10.09 %9.86 %7.33 % 10.0
Asahi Songwon Colors Ltd 263 Cr. 223 492/17916.9 2190.67 %9.17 %8.15 % 10.0
Industry Average1,120.86 Cr271.23186.90187.290.43%10.24%8.11%8.13

All Competitor Stocks of AksharChem (India) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 64.9164.7471.6873.3075.2881.7985.9178.9390.6990.7496.9689.3080.38
Expenses 62.9163.0572.3576.5070.3481.3679.6772.9184.3784.4790.5586.9577.45
Operating Profit 2.001.69-0.67-3.204.940.436.246.026.326.276.412.352.93
OPM % 3.08%2.61%-0.93%-4.37%6.56%0.53%7.26%7.63%6.97%6.91%6.61%2.63%3.65%
Other Income 0.020.070.040.020.280.100.060.220.07-0.090.041.730.05
Interest 0.740.670.800.880.981.071.251.321.341.361.431.381.85
Depreciation 3.243.173.353.493.473.473.463.513.513.523.994.114.20
Profit before tax -1.96-2.08-4.78-7.550.77-4.011.591.411.541.301.03-1.41-3.07
Tax % -27.55%-5.77%12.55%0.79%57.14%50.37%27.67%26.24%22.08%-6.92%31.07%-2.84%50.49%
Net Profit -1.42-1.97-5.38-7.600.33-6.021.151.041.191.390.71-1.37-4.62
EPS in Rs -1.77-2.45-6.70-9.460.41-7.491.431.291.481.730.88-1.71-5.75

Last Updated: February 6, 2026, 7:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 6:02 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 145200188248264323260246380335302346357
Expenses 112172155171223288234223349319301321339
Operating Profit 3327327842342624321522518
OPM % 23%14%17%31%16%11%10%10%8%5%0%7%5%
Other Income -2319751110002
Interest 1333111123456
Depreciation 144556771213141416
Profit before tax 292426794333191718-0-166-2
Tax % 31%32%36%33%28%32%18%28%11%88%20%18%
Net Profit 201617533123161216-1-195-4
EPS in Rs 40.4621.8822.7572.3737.2627.5419.1615.2419.81-1.17-23.255.94-4.85
Dividend Payout % 12%16%15%5%9%13%18%23%3%-43%-2%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-20.00%6.25%211.76%-41.51%-25.81%-30.43%-25.00%33.33%-106.25%-1800.00%126.32%
Change in YoY Net Profit Growth (%)0.00%26.25%205.51%-253.27%15.70%-4.63%5.43%58.33%-139.58%-1693.75%1926.32%

AksharChem (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:6%
3 Years:-3%
TTM:13%
Compounded Profit Growth
10 Years:-10%
5 Years:-21%
3 Years:-33%
TTM:136%
Stock Price CAGR
10 Years:9%
5 Years:3%
3 Years:-9%
1 Year:-22%
Return on Equity
10 Years:6%
5 Years:1%
3 Years:-2%
Last Year:2%

Last Updated: September 4, 2025, 10:40 pm

Balance Sheet

Last Updated: December 4, 2025, 12:55 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5777888888888
Reserves 296478133230249257271272270251256254
Borrowings 924313201213155025526775
Other Liabilities 27513947614745627662708590
Total Liabilities 70146155219299316323356406365380415427
Fixed Assets 2155566586126128229231225235232269
CWIP 024926316261617114515
Investments 818225177211000000
Other Assets 41717294110138131120159122135139144
Total Assets 70146155219299316323356406365380415427

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2228134130-92649438-735
Cash from Investing Activity + -14-13-11-32-63-2-20-49-24-8-16-44
Cash from Financing Activity + -8-15-2-5337-7118-30239
Net Cash Flow 00-03-0-4-01-100-0
Free Cash Flow 1623526-14-60-14-2-2029-23-9
CFO/OP 90%124%66%80%102%1%116%211%27%255%-759%141%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow24.003.001.0046.0042.0022.0013.009.00-18.00-10.00-50.00-42.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 343844203843424251395743
Inventory Days 495354102686510414811599131130
Days Payable 901119610070496297806488106
Cash Conversion Cycle -7-1922235598393867510067
Working Capital Days 168283156851047562695518
ROCE %85%34%27%53%21%13%7%6%6%1%-4%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.70%62.70%62.70%62.70%62.70%62.70%62.70%62.70%62.70%62.70%62.70%62.70%
FIIs 0.68%0.68%0.68%0.68%0.43%0.39%0.07%0.00%0.00%0.03%0.02%0.00%
DIIs 0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%
Public 36.56%36.56%36.56%36.57%36.82%36.87%37.17%37.24%37.25%37.22%37.22%37.24%
No. of Shareholders 15,32915,00715,50615,26715,11914,62913,74013,60213,42613,47513,13912,060

Shareholding Pattern Chart

No. of Shareholders

AksharChem (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15
FaceValue 10.0010.00
Basic EPS (Rs.) 22.7521.88
Diluted EPS (Rs.) 22.7521.88
Cash EPS (Rs.) 28.5527.22
Book Value[Excl.RevalReserv]/Share (Rs.) 116.2497.70
Book Value[Incl.RevalReserv]/Share (Rs.) 116.2497.70
Revenue From Operations / Share (Rs.) 256.85273.48
PBDIT / Share (Rs.) 45.8340.36
PBIT / Share (Rs.) 40.0335.02
PBT / Share (Rs.) 35.4530.57
Net Profit / Share (Rs.) 22.7521.88
NP After MI And SOA / Share (Rs.) 22.7521.88
PBDIT Margin (%) 17.8414.75
PBIT Margin (%) 15.5812.80
PBT Margin (%) 13.8011.17
Net Profit Margin (%) 8.858.00
NP After MI And SOA Margin (%) 8.858.00
Return on Networth / Equity (%) 19.5722.39
Return on Capital Employeed (%) 29.3231.30
Return On Assets (%) 10.7210.92
Long Term Debt / Equity (X) 0.070.02
Total Debt / Equity (X) 0.330.32
Asset Turnover Ratio (%) 1.250.00
Current Ratio (X) 1.281.08
Quick Ratio (X) 0.980.79
Inventory Turnover Ratio (X) 6.240.00
Dividend Payout Ratio (NP) (%) 15.3815.99
Dividend Payout Ratio (CP) (%) 12.2512.85
Earning Retention Ratio (%) 84.6284.01
Cash Earning Retention Ratio (%) 87.7587.15
Interest Coverage Ratio (X) 10.029.07
Interest Coverage Ratio (Post Tax) (X) 5.975.56
Enterprise Value (Cr.) 147.77137.44
EV / Net Operating Revenue (X) 0.780.68
EV / EBITDA (X) 4.414.66
MarketCap / Net Operating Revenue (X) 0.630.57
Retention Ratios (%) 84.6184.00
Price / BV (X) 1.411.62
Price / Net Operating Revenue (X) 0.630.57
EarningsYield 0.130.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

AksharChem (India) Ltd. is a Public Limited Listed company incorporated on 04/07/1989 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24110GJ1989PLC012441 and registration number is 012441. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company's Total Operating Revenue is Rs. 346.27 Cr. and Equity Capital is Rs. 8.03 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsAkshar House, Mehsana Gujarat 382715Contact not found
Management
NamePosition Held
Mrs. Paru M JaykrishnaChairperson & Managing Director
Mr. Munjal M JaykrishnaJoint Managing Director & CEO
Mr. Ashok D BarotExecutive Director
Mr. Jigar Mukesh PatelIndependent Director
Ms. Maitri K MehtaIndependent Director
Mr. Nirav K ShahIndependent Director
Mr. Sameer S SinhaIndependent Director
Mr. Keyur D GandhiIndependent Director
Mr. Sachin M JaykrishnaWhole Time Director

FAQ

What is the intrinsic value of AksharChem (India) Ltd and is it undervalued?

As of 26 April 2026, AksharChem (India) Ltd's intrinsic value is ₹304.16, which is 56.78% higher than the current market price of ₹194.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.82 %), book value (₹326), dividend yield (0.39 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of AksharChem (India) Ltd?

AksharChem (India) Ltd is trading at ₹194.00 as of 26 April 2026, with a FY2026-2027 high of ₹331 and low of ₹141. The stock is currently in the middle of its 52-week range. Market cap stands at ₹156 Cr..

How does AksharChem (India) Ltd's P/E ratio compare to its industry?

AksharChem (India) Ltd has a P/E ratio of , which is below the industry average of 186.90. This is broadly in line with or below the industry average.

Is AksharChem (India) Ltd financially healthy?

Key indicators for AksharChem (India) Ltd: ROCE of 3.46 % is on the lower side compared to the industry average of 10.24%; ROE of 1.82 % is below ideal levels (industry average: 8.11%). Dividend yield is 0.39 %.

Is AksharChem (India) Ltd profitable and how is the profit trend?

AksharChem (India) Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹346 Cr. Compared to ₹16 Cr in Mar 2022, the net profit shows a declining trend.

Does AksharChem (India) Ltd pay dividends?

AksharChem (India) Ltd has a dividend yield of 0.39 % at the current price of ₹194.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 10:13 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524598 | NSE: AKSHARCHEM
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in AksharChem (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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