Chemcon Speciality Chemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹151.59Overvalued by 33.80%vs CMP ₹229.00

P/E (29.7) × ROE (4.7%) × BV (₹132.00) × DY (2.84%)

₹111.34Overvalued by 51.38%vs CMP ₹229.00

MoS: -105.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹121.99	22%	Over (-46.7%)
Graham Number	Earnings	₹131.02	16%	Over (-42.8%)
Earnings Power	Earnings	₹50.22	11%	Over (-78.1%)
DCF	Cash Flow	₹42.26	13%	Over (-81.5%)
Net Asset Value	Assets	₹132.74	7%	Over (-42%)
EV/EBITDA	Enterprise	₹106.14	9%	Over (-53.7%)
Earnings Yield	Earnings	₹57.80	7%	Over (-74.8%)
ROCE Capital	Returns	₹272.82	9%	Under (+19.1%)
Revenue Multiple	Revenue	₹85.16	5%	Over (-62.8%)
Consensus (9 models)		₹111.34	100%	Overvalued

Key Drivers: EPS CAGR -19.5% drags value — could be higher if earnings stabilize. | ROE 4.7% 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: -19.5%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 1:55 am +05:30. Annual results through Mar 2025; quarterly results through Sep 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹207.00 Cr, versus ₹267.00 Cr in Mar 2024 (-22.5% year on year). Net profit for Mar 2025 was ₹24.00 Cr, versus ₹19.00 Cr in Mar 2024 (26.3% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹38.00 Cr against net profit of ₹24.00 Cr. Cash flow covered 1.58 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹53.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Chemcon Speciality Chemicals Ltd scores 52/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health66/100 · Strong

ROCE 6.4% WeakROE 4.7% WeakD/E 0.04 Low debtInterest Coverage 13.5x StrongProfitable 5/5 available years Reported history

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 74.5% Stable

Earnings Quality40/100 · Moderate

CFO/NP ratio: 0.64x Partially cash-backedOPM contracting (28% → 13%) DecliningWorking capital: 211 days Capital intensive

Quarterly Momentum60/100 · Moderate

Revenue (4Q): 3% YoY FlatProfit (4Q): +31% YoY StrongOPM: 12.8% (down 3.4% YoY) Margin pressure

Industry Rank35/100 · Weak

P/E 29.7 vs industry 47.1 Lower P/EROCE 6.4% vs industry 12.2% Below peersROE 4.7% vs industry 9.8% Below peers3Y sales CAGR: -7% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 1:55 am

Market Cap	835 Cr.
Current Price	229
Intrinsic Value	₹111.34
High / Low	295/125
Stock P/E	29.7
Book Value	132
Dividend Yield	2.84 %
ROCE	6.35 %
ROE	4.70 %
Face Value	10.0
PEG Ratio	-1.52

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Chemcon Speciality Chemicals Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Chemcon Speciality Chemicals Ltd	835 Cr.	229	295/125	29.7	132	2.84 %	6.35 %	4.70 %	10.0
DMCC Speciality Chemicals Ltd	739 Cr.	296	333/191	18.5	99.3	0.84 %	14.8 %	11.5 %	10.0
Black Rose Industries Ltd	586 Cr.	115	138/61.0	20.4	33.2	1.74 %	18.7 %	13.6 %	1.00
Aarti Surfactants Ltd	450 Cr.	531	680/316	24.4	289	0.19 %	8.53 %	5.16 %	10.0
HP Adhesives Ltd	328 Cr.	35.6	53.0/26.3	140	20.4	1.12 %	5.61 %	4.03 %	2.00
Industry Average	16,509.72 Cr	1,111.47		47.07	191.32	0.53%	12.24%	9.75%	6.41

All Competitor Stocks of Chemcon Speciality Chemicals Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	57.92	76.47	79.08	79.33	75.19	52.98	59.59	45.52	52.60	54.39	54.89	53.52	53.71
Expenses	48.33	62.98	65.02	71.62	66.86	46.64	55.21	38.40	44.09	43.10	49.10	45.75	46.86
Operating Profit	9.59	13.49	14.06	7.71	8.33	6.34	4.38	7.12	8.51	11.29	5.79	7.77	6.85
OPM %	16.56%	17.64%	17.78%	9.72%	11.08%	11.97%	7.35%	15.64%	16.18%	20.76%	10.55%	14.52%	12.75%
Other Income	3.29	4.46	2.89	3.59	3.03	3.34	3.34	3.76	3.50	4.01	3.18	3.72	3.95
Interest	0.25	0.59	0.49	0.68	0.73	1.04	1.05	0.99	0.93	0.74	0.84	0.34	0.09
Depreciation	2.05	2.14	2.26	2.62	2.59	2.58	2.51	2.53	2.55	2.71	2.73	2.72	2.77
Profit before tax	10.58	15.22	14.20	8.00	8.04	6.06	4.16	7.36	8.53	11.85	5.40	8.43	7.94
Tax %	25.99%	25.36%	26.27%	26.25%	26.12%	26.73%	30.05%	27.17%	25.79%	25.74%	26.85%	24.20%	27.71%
Net Profit	7.82	11.36	10.47	5.91	5.94	4.44	2.90	5.37	6.33	8.81	3.95	6.39	5.75
EPS in Rs	2.13	3.10	2.86	1.61	1.62	1.21	0.79	1.47	1.73	2.41	1.08	1.74	1.57

Last Updated: January 2, 2026, 2:59 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 26, 2026, 3:30 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	53	63	97	88	158	303	262	243	257	303	267	207	219
Expenses	46	56	87	79	112	237	192	162	175	232	240	174	192
Operating Profit	6	8	10	9	46	66	70	81	82	71	27	33	27
OPM %	12%	12%	10%	10%	29%	22%	27%	33%	32%	23%	10%	16%	12%
Other Income	0	-1	0	0	0	2	4	5	9	13	13	14	14
Interest	2	2	3	2	3	4	5	4	1	1	4	3	2
Depreciation	1	2	2	2	2	3	5	6	6	8	10	11	11
Profit before tax	3	3	5	5	41	61	65	76	84	74	26	33	29
Tax %	60%	3%	35%	37%	35%	30%	25%	26%	25%	26%	27%	26%
Net Profit	1	3	3	3	26	43	49	56	63	55	19	24	21
EPS in Rs	1.46	3.35	4.09	3.78	33.21	13.54	15.37	15.40	17.13	15.04	5.24	6.67	5.78
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	27%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	200.00%	0.00%	0.00%	766.67%	65.38%	13.95%	14.29%	12.50%	-12.70%	-65.45%	26.32%
Change in YoY Net Profit Growth (%)	0.00%	-200.00%	0.00%	766.67%	-701.28%	-51.43%	0.33%	-1.79%	-25.20%	-52.76%	91.77%

Chemcon Speciality Chemicals 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:	13%
5 Years:	-5%
3 Years:	-7%
TTM:	-8%

Compounded Profit Growth
10 Years:	23%
5 Years:	-13%
3 Years:	-27%
TTM:	37%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	-21%
1 Year:	-21%

Return on Equity
10 Years:	15%
5 Years:	11%
3 Years:	7%
Last Year:	5%

Last Updated: September 5, 2025, 1:55 am

Balance Sheet

Last Updated: June 23, 2026, 4:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8	32	32	37	37	37	37	37	37
Reserves	13	16	19	46	65	115	317	381	421	440	464	447
Borrowings	12	13	20	17	33	46	6	36	64	43	25	53
Other Liabilities	10	9	15	27	43	34	44	45	32	26	29	32
Total Liabilities	44	46	63	97	173	226	404	498	553	545	554	568
Fixed Assets	20	19	24	30	40	49	67	82	141	146	149	195
CWIP	0	0	0	0	1	4	9	34	14	42	40	21
Investments	0	0	0	0	0	0	0	0	0	0	10	10
Other Assets	24	27	38	67	133	173	328	382	398	356	355	342
Total Assets	44	46	63	97	173	226	404	498	553	545	554	568

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	7	5	10	14	11	12	65	74	13	12	38	42
Cash from Investing Activity +	-5	-2	-9	-7	-24	-16	-152	-92	-16	-25	-17	-35
Cash from Financing Activity +	-3	-3	-2	-6	12	4	111	30	12	-25	-22	-3
Net Cash Flow	-1	-0	-1	1	-0	0	23	11	9	-37	0	3
Free Cash Flow	3	3	2	7	-2	-2	34	24	-32	-31	29	32
CFO/OP	105%	65%	130%	62%	51%	41%	99%	119%	49%	78%	124%	163%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	3.00	3.00	2.00	7.00	-2.00	-2.00	34.00	24.00	-32.00	-31.00	29.00	32.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	40	52	51	93	68	77	124	142	146	81	112	91
Inventory Days	146	74	45	58	99	91	118	175	102	164	119	261
Days Payable	97	79	39	81	82	57	63	67	70	44	23	49
Cash Conversion Cycle	89	47	57	70	86	111	179	250	177	201	208	303
Working Capital Days	85	64	59	8	61	59	135	184	105	108	162	211
ROCE %	17%	17%	22%	16%	74%	65%	43%	29%	21%	15%	6%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	74.47%	74.47%	74.47%	74.47%	74.47%	74.47%	74.47%	74.47%	74.47%	74.47%	74.47%	74.47%
FIIs	0.01%	0.05%	0.25%	0.25%	0.25%	0.25%	0.32%	0.30%	0.27%	0.32%	0.38%	0.25%
DIIs	0.27%	0.28%	0.27%	0.27%	0.27%	0.27%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	25.24%	25.20%	25.01%	25.01%	25.01%	25.01%	24.94%	25.24%	25.27%	25.21%	25.15%	25.28%
No. of Shareholders	83,509	81,367	79,108	76,389	73,827	72,426	70,723	69,527	69,211	66,850	64,986	64,587

Shareholding Pattern Chart

No. of Shareholders

Chemcon Speciality Chemicals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Tata Resources & Energy Fund	100,000	0.27	2.67	100,000	2025-04-22 17:25:38	0%
Tata Resources & Energy Fund - Direct Plan	100,000	0.27	2.67	100,000	2025-04-22 17:25:38	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	6.68	5.24	15.04	17.13	16.48
Diluted EPS (Rs.)	6.68	5.24	15.04	17.13	16.48
Cash EPS (Rs.)	9.54	8.05	17.33	18.84	17.06
Book Value[Excl.RevalReserv]/Share (Rs.)	136.68	130.06	124.86	113.89	96.56
Book Value[Incl.RevalReserv]/Share (Rs.)	136.68	130.06	124.86	113.89	96.56
Dividend / Share (Rs.)	0.00	0.00	4.00	4.00	0.00
Revenue From Operations / Share (Rs.)	56.62	72.91	82.69	70.19	66.47
PBDIT / Share (Rs.)	12.87	10.94	22.93	24.80	23.41
PBIT / Share (Rs.)	10.00	8.12	20.65	23.09	21.75
PBT / Share (Rs.)	9.05	7.17	20.24	22.93	20.76
Net Profit / Share (Rs.)	6.67	5.24	15.04	17.13	15.40
PBDIT Margin (%)	22.73	15.00	27.73	35.32	35.22
PBIT Margin (%)	17.66	11.14	24.97	32.89	32.72
PBT Margin (%)	15.98	9.83	24.48	32.66	31.23
Net Profit Margin (%)	11.78	7.18	18.19	24.40	23.16
Return on Networth / Equity (%)	4.88	4.02	12.04	15.04	15.94
Return on Capital Employeed (%)	7.23	6.17	16.36	20.11	22.23
Return On Assets (%)	4.41	3.52	9.95	12.60	13.97
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.01
Total Debt / Equity (X)	0.04	0.08	0.13	0.08	0.01
Asset Turnover Ratio (%)	0.37	0.48	0.57	0.57	0.77
Current Ratio (X)	6.69	5.54	3.41	4.84	6.30
Quick Ratio (X)	4.88	4.58	2.55	4.40	4.99
Inventory Turnover Ratio (X)	2.81	2.90	3.30	2.49	2.11
Dividend Payout Ratio (NP) (%)	0.00	0.00	26.58	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.00	0.00	23.08	0.00	0.00
Earning Retention Ratio (%)	0.00	0.00	73.42	0.00	0.00
Cash Earning Retention Ratio (%)	0.00	0.00	76.92	0.00	0.00
Interest Coverage Ratio (X)	13.50	11.46	56.44	159.53	23.61
Interest Coverage Ratio (Post Tax) (X)	8.00	6.49	38.02	111.22	16.52
Enterprise Value (Cr.)	488.86	718.52	773.10	787.64	1372.68
EV / Net Operating Revenue (X)	2.36	2.69	2.55	3.06	5.64
EV / EBITDA (X)	10.37	17.93	9.20	8.67	16.00
MarketCap / Net Operating Revenue (X)	2.92	3.17	2.77	3.80	6.13
Retention Ratios (%)	0.00	0.00	73.41	0.00	0.00
Price / BV (X)	1.21	1.78	1.84	2.34	4.22
Price / Net Operating Revenue (X)	2.92	3.17	2.77	3.80	6.13
EarningsYield	0.04	0.02	0.06	0.06	0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Chemcon Speciality Chemicals Ltd and is it undervalued?

Chemcon Speciality Chemicals Ltd: the stored intrinsic value estimate is ₹111.34, compared with a stored share price of ₹229.00. The model value is 51.4% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Chemcon Speciality Chemicals Ltd?

The stored share price is ₹229.00. Price-data record updated: 24 September 2026, 1:55 am +05:30. This is not a live quote. The stored 52-week high / low is 295/125; this is a rolling range, not a financial-year range.

How have Chemcon Speciality Chemicals Ltd's revenue and profit changed?

Does Chemcon Speciality Chemicals Ltd's profit convert into cash?

What should I check in Chemcon Speciality Chemicals Ltd's balance sheet?

Reported borrowings were ₹53.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Chemcon Speciality Chemicals Ltd's P/E with other stocks?

The stored P/E is 29.70. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Chemcon Speciality Chemicals Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.