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

Fair Value

₹43.83Overvalued by 86.22%vs CMP ₹318.00

P/E (20.7) × ROE (0.8%) × BV (₹326.00) × DY (0.24%)

₹291.26Fairly Valued by 8.41%vs CMP ₹318.00
MoS: -9.2% (Negative)Confidence: 43/100 (Low)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹22.9130%Over (-92.8%)
Graham NumberEarnings₹208.7318%Over (-34.4%)
Net Asset ValueAssets₹325.4510%Fair (+2.3%)
EV/EBITDAEnterprise₹253.4112%Over (-20.3%)
Earnings YieldEarnings₹59.4010%Over (-81.3%)
ROCE CapitalReturns₹1,198.8112%Under (+277%)
Revenue MultipleRevenue₹429.807%Under (+35.2%)
Consensus (7 models)₹291.26100%Fairly Valued
Key Drivers: EPS CAGR -47.7% drags value — could be higher if earnings stabilize. | ROE 0.8% 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%

*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 ₹318.00, market cap is 256 Cr.. At a glance, stock P/E is 20.7, ROE is 0.81 %, ROCE is 0.19 %, book value is 326, dividend yield is 0.24 %. The latest intrinsic value estimate is ₹291.26, around 8.4% below the current price, so expectations may already be running ahead of this modelled fair value. 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

49
AksharChem (India) Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 0.2% WeakROE 0.8% 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 Rank35/100 · Weak
P/E 20.7 vs industry 31.2 Cheaper than peersROCE 0.2% vs industry 10.3% Below peersROE 0.8% vs industry 8.0% 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.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 5:04 am

Market Cap 256 Cr.
Current Price 318
Intrinsic Value₹291.26
High / Low 331/141
Stock P/E20.7
Book Value 326
Dividend Yield0.24 %
ROCE0.19 %
ROE0.81 %
Face Value 10.0
PEG Ratio-0.43

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 256 Cr. 318 331/14120.7 3260.24 %0.19 %0.81 % 10.0
Poddar Pigments Ltd 268 Cr. 253 320/20117.6 3301.58 %5.79 %4.13 % 10.0
Mahickra Chemicals Ltd 279 Cr. 285 309/13154.0 68.40.05 %12.7 %10.1 % 10.0
Dynemic Products Ltd 284 Cr. 229 411/19114.0 1970.66 %11.3 %8.49 % 10.0
Ushanti Colour Chem Ltd 354 Cr. 255 260/38.0 36.00.00 %1.29 %0.42 % 10.0
Industry Average1,484.14 Cr346.9931.18222.040.41%10.33%7.98%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: June 16, 2026, 2:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 777888888888
Reserves 6478133230249257271272270251256254
Borrowings 243132012131550255267108
Other Liabilities 513947614745627662708582
Total Liabilities 146155219299316323356406365380415452
Fixed Assets 55566586126128229231225235232287
CWIP 2492631626161711458
Investments 18225177211000000
Other Assets 717294110138131120159122135139156
Total Assets 146155219299316323356406365380415452

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 28134130-92649438-7352
Cash from Investing Activity + -13-11-32-63-2-20-49-24-8-16-44-36
Cash from Financing Activity + -15-2-5337-7118-3023934
Net Cash Flow 0-03-0-4-01-100-00
Free Cash Flow 23526-14-60-14-2-2029-23-9-34
CFO/OP 124%66%80%102%1%116%211%27%255%-759%141%11%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow33.003.001.0046.0042.0022.0013.009.00-18.00-10.00-50.00-42.00

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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%0.43%0.39%0.07%0.00%0.00%0.03%0.02%0.00%0.00%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%36.57%36.82%36.87%37.17%37.24%37.25%37.22%37.22%37.24%37.24%37.26%
No. of Shareholders 15,50615,26715,11914,62913,74013,60213,42613,47513,13912,06011,84311,715

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

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

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

As of 02 September 2026, AksharChem (India) Ltd's intrinsic value is ₹291.26, which is 8.41% lower than the current market price of ₹318.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.81 %), book value (₹326), dividend yield (0.24 %), 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 ₹318.00 as of 02 September 2026, with a FY2026-2027 high of ₹331 and low of ₹141. The stock is currently near its 52-week high. Market cap stands at ₹256 Cr..

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

AksharChem (India) Ltd has a P/E ratio of 20.7, which is below the industry average of 31.18. 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 0.19 % is on the lower side compared to the industry average of 10.33%; ROE of 0.81 % is below ideal levels (industry average: 7.98%). Dividend yield is 0.24 %.

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 0.24 % at the current price of ₹318.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 5:04 am
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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