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Last Updated: April 2, 2026, 2:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543233 | NSE: CHEMCON

Chemcon Speciality Chemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹138.23Fairly Valued by 1.26%vs CMP ₹140.00

P/E (24.2) × ROE (5.0%) × BV (₹140.00) × DY (2.00%)

₹113.65Overvalued by 18.82%vs CMP ₹140.00
MoS: -23.2% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹111.2322%Over (-20.6%)
Graham NumberEarnings₹134.9316%Fair (-3.6%)
Earnings PowerEarnings₹64.5611%Over (-53.9%)
DCFCash Flow₹56.6313%Over (-59.6%)
Net Asset ValueAssets₹140.277%Fair (+0.2%)
EV/EBITDAEnterprise₹120.319%Over (-14.1%)
Earnings YieldEarnings₹57.807%Over (-58.7%)
ROCE CapitalReturns₹259.869%Under (+85.6%)
Revenue MultipleRevenue₹84.905%Over (-39.4%)
Consensus (9 models)₹113.65100%Overvalued
Key Drivers: EPS CAGR -19.5% drags value — could be higher if earnings stabilize. | Wide model spread (₹57–₹260) — high uncertainty.

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

Investment Snapshot

47
Chemcon Speciality Chemicals Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 7.0% WeakROE 5.0% WeakD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.5% Stable
Earnings Quality30/100 · Weak
OPM 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 24.2 vs industry 64.9 Cheaper than peersROCE 7.0% vs industry 13.0% Below peersROE 5.0% vs industry 25.4% Below peers3Y sales CAGR: -7% 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, 2:46 am

Market Cap 512 Cr.
Current Price 140
Intrinsic Value₹113.65
High / Low 295/125
Stock P/E24.2
Book Value 140
Dividend Yield0.00 %
ROCE7.01 %
ROE5.00 %
Face Value 10.0
PEG Ratio-1.24

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

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 512 Cr. 140 295/12524.2 1400.00 %7.01 %5.00 % 10.0
DMCC Speciality Chemicals Ltd 527 Cr. 211 350/19120.2 93.81.18 %14.1 %9.97 % 10.0
Black Rose Industries Ltd 357 Cr. 70.0 138/61.018.7 30.51.50 %19.0 %14.2 % 1.00
Aarti Surfactants Ltd 297 Cr. 351 653/31616.6 2800.28 %8.50 %5.14 % 10.0
HP Adhesives Ltd 269 Cr. 29.3 57.6/26.319.4 20.51.36 %13.6 %9.82 % 2.00
Industry Average12,530.04 Cr712.4964.87182.870.55%12.98%25.40%6.41

All Competitor Stocks of Chemcon Speciality Chemicals Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 57.9276.4779.0879.3375.1952.9859.5945.5252.6054.3954.8953.5253.71
Expenses 48.3362.9865.0271.6266.8646.6455.2138.4044.0943.1049.1045.7546.86
Operating Profit 9.5913.4914.067.718.336.344.387.128.5111.295.797.776.85
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 3.294.462.893.593.033.343.343.763.504.013.183.723.95
Interest 0.250.590.490.680.731.041.050.990.930.740.840.340.09
Depreciation 2.052.142.262.622.592.582.512.532.552.712.732.722.77
Profit before tax 10.5815.2214.208.008.046.064.167.368.5311.855.408.437.94
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 7.8211.3610.475.915.944.442.905.376.338.813.956.395.75
EPS in Rs 2.133.102.861.611.621.210.791.471.732.411.081.741.57

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 53639788158303262243257303267207219
Expenses 46568779112237192162175232240174192
Operating Profit 68109466670818271273327
OPM % 12%12%10%10%29%22%27%33%32%23%10%16%12%
Other Income 0-1000245913131414
Interest 2232345411432
Depreciation 1222235668101111
Profit before tax 3355416165768474263329
Tax % 60%3%35%37%35%30%25%26%25%26%27%26%
Net Profit 1333264349566355192421
EPS in Rs 1.463.354.093.7833.2113.5415.3715.4017.1315.045.246.675.78
Dividend Payout % -0%-0%-0%-0%-0%-0%-0%-0%-0%27%-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 (%)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: December 10, 2025, 2:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 888883232373737373737
Reserves 111316194665115317381421440464476
Borrowings 141213201733466366443250
Other Liabilities 1210915274334444532262935
Total Liabilities 4544466397173226404498553545554548
Fixed Assets 202019243040496782141146149144
CWIP 000001493414424047
Investments 000000000001011
Other Assets 2524273867133173328382398356355346
Total Assets 4544466397173226404498553545554548

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 75101411126574131241
Cash from Investing Activity + -5-2-9-7-24-16-152-92-16-25-19
Cash from Financing Activity + -3-3-2-61241113012-25-22
Net Cash Flow -1-0-11-0023119-370
Free Cash Flow 3327-2-23424-32-3131
CFO/OP 105%65%130%62%51%41%99%119%49%78%131%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-8.00-4.00-3.00-11.0029.0033.0024.0075.0046.007.00-16.008.00

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 4052519368771241421468111291
Inventory Days 1467445589991118175102164119261
Days Payable 977939818257636770442349
Cash Conversion Cycle 8947577086111179250177201208303
Working Capital Days 85645986159135184105108162211
ROCE %17%17%22%16%74%65%43%29%21%15%6%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 0.10%0.01%0.01%0.05%0.25%0.25%0.25%0.25%0.32%0.30%0.27%0.32%
DIIs 0.27%0.27%0.27%0.28%0.27%0.27%0.27%0.27%0.27%0.00%0.00%0.00%
Public 25.15%25.25%25.24%25.20%25.01%25.01%25.01%25.01%24.94%25.24%25.27%25.21%
No. of Shareholders 86,16184,71183,50981,36779,10876,38973,82772,42670,72369,52769,21166,850

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Resources & Energy Fund 100,000 0.27 2.67100,0002025-04-22 17:25:380%
Tata Resources & Energy Fund - Direct Plan 100,000 0.27 2.67100,0002025-04-22 17:25:380%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 6.685.2415.0417.1316.48
Diluted EPS (Rs.) 6.685.2415.0417.1316.48
Cash EPS (Rs.) 9.548.0517.3318.8417.06
Book Value[Excl.RevalReserv]/Share (Rs.) 136.68130.06124.86113.8996.56
Book Value[Incl.RevalReserv]/Share (Rs.) 136.68130.06124.86113.8996.56
Dividend / Share (Rs.) 0.000.004.004.000.00
Revenue From Operations / Share (Rs.) 56.6272.9182.6970.1966.47
PBDIT / Share (Rs.) 12.8710.9422.9324.8023.41
PBIT / Share (Rs.) 10.008.1220.6523.0921.75
PBT / Share (Rs.) 9.057.1720.2422.9320.76
Net Profit / Share (Rs.) 6.675.2415.0417.1315.40
PBDIT Margin (%) 22.7315.0027.7335.3235.22
PBIT Margin (%) 17.6611.1424.9732.8932.72
PBT Margin (%) 15.989.8324.4832.6631.23
Net Profit Margin (%) 11.787.1818.1924.4023.16
Return on Networth / Equity (%) 4.884.0212.0415.0415.94
Return on Capital Employeed (%) 7.236.1716.3620.1122.23
Return On Assets (%) 4.413.529.9512.6013.97
Long Term Debt / Equity (X) 0.000.000.000.000.01
Total Debt / Equity (X) 0.040.080.130.080.01
Asset Turnover Ratio (%) 0.370.480.570.570.77
Current Ratio (X) 6.695.543.414.846.30
Quick Ratio (X) 4.884.582.554.404.99
Inventory Turnover Ratio (X) 2.812.903.302.492.11
Dividend Payout Ratio (NP) (%) 0.000.0026.580.000.00
Dividend Payout Ratio (CP) (%) 0.000.0023.080.000.00
Earning Retention Ratio (%) 0.000.0073.420.000.00
Cash Earning Retention Ratio (%) 0.000.0076.920.000.00
Interest Coverage Ratio (X) 13.5011.4656.44159.5323.61
Interest Coverage Ratio (Post Tax) (X) 8.006.4938.02111.2216.52
Enterprise Value (Cr.) 488.86718.52773.10787.641372.68
EV / Net Operating Revenue (X) 2.362.692.553.065.64
EV / EBITDA (X) 10.3717.939.208.6716.00
MarketCap / Net Operating Revenue (X) 2.923.172.773.806.13
Retention Ratios (%) 0.000.0073.410.000.00
Price / BV (X) 1.211.781.842.344.22
Price / Net Operating Revenue (X) 2.923.172.773.806.13
EarningsYield 0.040.020.060.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Chemcon Speciality Chemicals Ltd. is a Public Limited Listed company incorporated on 15/12/1988 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24231GJ1988PLC011652 and registration number is 011652. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 207.40 Cr. and Equity Capital is Rs. 36.63 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersBlock No 355, Manjusar Kinpad Road, Vadodra Gujarat 391775Contact not found
Management
NamePosition Held
Mr. Kamalkumar Rajendra AggarwalChairman & Managing Director
Mr. Naresh Vijaykumar GoyalJoint Managing Director
Mr. Rajesh Chimanlal GandhiWholeTime Director & CFO
Mr. Himanshu Prafulchandra PurohitWhole Time Director
Mr. Navdeep Naresh GoyalWhole Time Director
Mr. Rajveer Kamal AggarwalNon Exe.Non Ind.Director
Mr. Bharat Chunilal ShahIndependent Director
Mrs. Neelu Atulkumar ShahIndependent Director
Mr. Lalit Ramniklal MehtaIndependent Director
Mr. Pankaj Amritlal ShahIndependent Director
Mr. Ketan Bhailal ShahIndependent Director
Mr. Neel Snehalkumar ShahIndependent Director

FAQ

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

As of 17 April 2026, Chemcon Speciality Chemicals Ltd's intrinsic value is ₹113.65, which is 18.82% lower than the current market price of ₹140.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.00 %), book value (₹140), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Chemcon Speciality Chemicals Ltd?

Chemcon Speciality Chemicals Ltd is trading at ₹140.00 as of 17 April 2026, with a FY2026-2027 high of ₹295 and low of ₹125. The stock is currently near its 52-week low. Market cap stands at ₹512 Cr..

How does Chemcon Speciality Chemicals Ltd's P/E ratio compare to its industry?

Chemcon Speciality Chemicals Ltd has a P/E ratio of 24.2, 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 Chemcon Speciality Chemicals Ltd financially healthy?

Key indicators for Chemcon Speciality Chemicals Ltd: ROCE of 7.01 % is on the lower side compared to the industry average of 12.98%; ROE of 5.00 % is below ideal levels (industry average: 25.40%). Dividend yield is 0.00 %.

Is Chemcon Speciality Chemicals Ltd profitable and how is the profit trend?

Chemcon Speciality Chemicals Ltd reported a net profit of ₹24 Cr in Mar 2025 on revenue of ₹207 Cr. Compared to ₹63 Cr in Mar 2022, the net profit shows a declining trend.

Does Chemcon Speciality Chemicals Ltd pay dividends?

Chemcon Speciality Chemicals Ltd has a dividend yield of 0.00 % at the current price of ₹140.00. 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 Chemcon Speciality Chemicals 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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