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Last Updated: April 2, 2026, 4:17 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524440 | NSE: CAMEXLTD

Camex Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹30.10Fairly Valued by 3.08%vs CMP ₹29.20

P/E (18.7) × ROE (4.6%) × BV (₹42.60) × DY (2.00%)

₹30.90Fairly Valued by 5.82%vs CMP ₹29.20
MoS: +5.5% (Thin)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹24.7723%Over (-15.2%)
Graham NumberEarnings₹38.6716%Under (+32.4%)
Earnings PowerEarnings₹10.4511%Over (-64.2%)
DCFCash Flow₹13.4514%Over (-53.9%)
Net Asset ValueAssets₹42.137%Under (+44.3%)
EV/EBITDAEnterprise₹43.119%Under (+47.6%)
Earnings YieldEarnings₹15.607%Over (-46.6%)
ROCE CapitalReturns₹58.667%Under (+100.9%)
Revenue MultipleRevenue₹65.655%Under (+124.8%)
Consensus (9 models)₹30.90100%Fairly Valued
Key Drivers: EPS CAGR -17.7% drags value — could be higher if earnings stabilize. | ROE 4.6% 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: -17.7%

*Investments are subject to market risks

Investment Snapshot

57
Camex Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 9.1% AverageROE 4.6% WeakD/E 1.09 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 44.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (1% → 3%) Improving
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +8% YoY GrowingProfit (4Q): -52% YoY DecliningOPM: 3.9% (up 5.2% YoY) Margin expansion
Industry Rank45/100 · Moderate
P/E 18.7 vs industry 64.9 Cheaper than peersROCE 9.1% vs industry 13.0% AverageROE 4.6% vs industry 25.4% Below peers3Y sales CAGR: -6% 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 2, 2026, 4:17 am

Market Cap 29.8 Cr.
Current Price 29.2
Intrinsic Value₹30.90
High / Low 46.3/27.2
Stock P/E18.7
Book Value 42.6
Dividend Yield0.00 %
ROCE9.07 %
ROE4.63 %
Face Value 10.0
PEG Ratio-1.06

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

View Share Price Target for Camex Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Camex Ltd 29.8 Cr. 29.2 46.3/27.218.7 42.60.00 %9.07 %4.63 % 10.0
Black Rose Industries Ltd 357 Cr. 70.0 138/61.018.7 30.51.50 %19.0 %14.2 % 1.00
Grauer & Weil (India) Ltd 2,616 Cr. 57.7 111/49.718.6 22.00.87 %23.3 %17.6 % 1.00
HP Adhesives Ltd 269 Cr. 29.3 57.6/26.319.4 20.51.36 %13.6 %9.82 % 2.00
DMCC Speciality Chemicals Ltd 527 Cr. 211 350/19120.2 93.81.18 %14.1 %9.97 % 10.0
Industry Average12,530.04 Cr712.4964.87182.870.55%12.98%25.40%6.41

All Competitor Stocks of Camex Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 30.3340.3634.1335.2234.3737.5933.8434.3928.2137.2134.3737.2236.62
Expenses 30.7639.8634.4234.1133.1535.4932.9533.0128.5835.1532.9736.9535.20
Operating Profit -0.430.50-0.291.111.222.100.891.38-0.372.061.400.271.42
OPM % -1.42%1.24%-0.85%3.15%3.55%5.59%2.63%4.01%-1.31%5.54%4.07%0.73%3.88%
Other Income 0.350.620.370.440.520.250.331.150.29-1.010.090.080.07
Interest 0.340.230.250.210.120.180.330.450.310.240.220.400.26
Depreciation 0.080.080.080.080.080.080.070.070.090.350.100.240.18
Profit before tax -0.500.81-0.251.261.542.090.822.01-0.480.461.17-0.291.05
Tax % -14.00%23.46%0.00%21.43%24.68%25.84%24.39%27.36%-35.42%69.57%23.93%-3.45%21.90%
Net Profit -0.440.62-0.240.991.161.550.611.46-0.320.150.90-0.280.82
EPS in Rs -0.430.61-0.240.971.141.520.601.43-0.310.150.88-0.270.80

Last Updated: March 3, 2026, 11:36 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:05 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 221147102103121140122143162132142134145
Expenses 2151419899116134119140159131137130140
Operating Profit 7644673321545
OPM % 3%4%4%4%5%5%3%2%1%0%3%3%4%
Other Income 000100015211-1
Interest 4322221111111
Depreciation 1111111110011
Profit before tax 3212341251532
Tax % 33%33%33%34%34%23%29%18%17%29%25%32%
Net Profit 2112231241322
EPS in Rs 1.881.390.901.602.093.080.941.964.130.603.391.851.56
Dividend Payout % 27%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-50.00%0.00%100.00%0.00%50.00%-66.67%100.00%100.00%-75.00%200.00%-33.33%
Change in YoY Net Profit Growth (%)0.00%50.00%100.00%-100.00%50.00%-116.67%166.67%0.00%-175.00%275.00%-233.33%

Camex 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:-1%
5 Years:2%
3 Years:-6%
TTM:-5%
Compounded Profit Growth
10 Years:5%
5 Years:15%
3 Years:0%
TTM:-48%
Stock Price CAGR
10 Years:5%
5 Years:21%
3 Years:14%
1 Year:-29%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:5%
Last Year:5%

Last Updated: September 5, 2025, 2:46 pm

Balance Sheet

Last Updated: December 10, 2025, 4:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010101010
Reserves 10121214161920222727313333
Borrowings 36191420291431795816
Other Liabilities 10101011111417271516131714
Total Liabilities 66514655665750776059616263
Fixed Assets 6778999832288
CWIP 0010000000000
Investments 0000000080000
Other Assets 60433847574841695056595455
Total Assets 66514655665750776059616263

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4248-2-51712-1510-356
Cash from Investing Activity + -2-2-1-0-2-1-01091-4
Cash from Financing Activity + -4-21-637-17-1214-10-52-9
Net Cash Flow -2010-0-00-0-018-7
Free Cash Flow 2227-3-71612-1616-352
CFO/OP 75%447%220%-44%-82%280%410%-539%502%-343%114%196%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-29.00-13.00-10.00-16.00-23.00-7.000.00-14.00-7.00-4.00-3.003.00

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 7368879810382779870826160
Inventory Days 182728444238314516312340
Days Payable 132529282136477132453250
Cash Conversion Cycle 78718611512383617254675251
Working Capital Days 3140626669606379751018488
ROCE %11%10%8%9%11%12%6%7%7%5%12%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.28%58.28%58.28%48.49%48.48%46.96%44.56%44.76%44.76%44.76%44.76%44.76%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 41.71%41.72%41.72%51.50%51.51%53.04%55.43%55.23%55.23%55.24%55.24%55.24%
No. of Shareholders 3,8213,6583,5893,6073,6354,2074,1134,0564,0283,9763,9493,909

Shareholding Pattern Chart

No. of Shareholders

Camex 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 22Mar 21Mar 20Mar 19Mar 18
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 3.191.371.213.612.23
Diluted EPS (Rs.) 3.191.371.213.612.23
Cash EPS (Rs.) 3.972.272.584.523.02
Book Value[Excl.RevalReserv]/Share (Rs.) 38.9533.2431.9330.5526.81
Book Value[Incl.RevalReserv]/Share (Rs.) 38.9533.2431.9330.5526.81
Revenue From Operations / Share (Rs.) 175.58147.10129.23144.20126.22
PBDIT / Share (Rs.) 2.983.363.807.256.17
PBIT / Share (Rs.) 2.122.432.446.345.39
PBT / Share (Rs.) 3.991.751.614.543.29
Net Profit / Share (Rs.) 3.121.331.233.612.23
NP After MI And SOA / Share (Rs.) 3.081.331.233.612.23
PBDIT Margin (%) 1.692.282.935.024.89
PBIT Margin (%) 1.201.651.894.394.26
PBT Margin (%) 2.271.191.243.152.60
Net Profit Margin (%) 1.770.900.952.501.76
NP After MI And SOA Margin (%) 1.750.900.952.501.76
Return on Networth / Equity (%) 8.464.003.8411.828.32
Return on Capital Employeed (%) 4.465.957.4118.0014.66
Return On Assets (%) 4.831.682.265.963.28
Long Term Debt / Equity (X) 0.220.200.000.110.32
Total Debt / Equity (X) 0.230.510.070.431.09
Asset Turnover Ratio (%) 2.292.162.192.221.95
Current Ratio (X) 3.741.852.101.991.86
Quick Ratio (X) 2.911.451.691.511.48
Inventory Turnover Ratio (X) 3.323.773.792.852.69
Interest Coverage Ratio (X) 2.344.984.564.042.95
Interest Coverage Ratio (Post Tax) (X) 0.982.972.483.012.07
Enterprise Value (Cr.) 35.3736.3811.9944.1062.50
EV / Net Operating Revenue (X) 0.190.240.090.290.48
EV / EBITDA (X) 11.6310.593.095.969.91
MarketCap / Net Operating Revenue (X) 0.140.130.070.220.27
Price / BV (X) 0.710.590.311.041.31
Price / Net Operating Revenue (X) 0.140.130.070.220.27
EarningsYield 0.110.060.120.110.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Camex Ltd. is a Public Limited Listed company incorporated on 22/11/1989 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L17100GJ1989PLC013041 and registration number is 013041. Currently company belongs to the Industry of Chemicals - Speciality. Company's Total Operating Revenue is Rs. 133.65 Cr. and Equity Capital is Rs. 10.21 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersCamex House, 2nd Floor, Ahmedabad Gujarat 380009Contact not found
Management
NamePosition Held
Mr. Chandraprakash ChopraManaging Director
Mr. Rajesh NahataExecutive Director
Mr. Rahul ChopraNon Executive Director
Mrs. Tara JainInd. Non-Executive Director
Mr. Uttam BhandariInd. Non-Executive Director
Mr. Jagrit SanklechaAdditional Director

FAQ

What is the intrinsic value of Camex Ltd and is it undervalued?

As of 14 April 2026, Camex Ltd's intrinsic value is ₹30.90, which is 5.82% higher than the current market price of ₹29.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.63 %), book value (₹42.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Camex Ltd?

Camex Ltd is trading at ₹29.20 as of 14 April 2026, with a FY2026-2027 high of ₹46.3 and low of ₹27.2. The stock is currently near its 52-week low. Market cap stands at ₹29.8 Cr..

How does Camex Ltd's P/E ratio compare to its industry?

Camex Ltd has a P/E ratio of 18.7, which is below the industry average of 64.87. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Camex Ltd financially healthy?

Key indicators for Camex Ltd: ROCE of 9.07 % is on the lower side compared to the industry average of 12.98%; ROE of 4.63 % is below ideal levels (industry average: 25.40%). Dividend yield is 0.00 %.

Is Camex Ltd profitable and how is the profit trend?

Camex Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹134 Cr. Compared to ₹4 Cr in Mar 2022, the net profit shows a declining trend.

Does Camex Ltd pay dividends?

Camex Ltd has a dividend yield of 0.00 % at the current price of ₹29.20. The company is currently not paying meaningful dividends.

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 Camex 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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