Indian Toners

Why is Indian Toners & Developers Ltd falling/rising?

As of 03-Aug, the stock price of Indian Toners & Developers Ltd is currently at 48.48, reflecting a recent short-term increase despite a longer-term decline of 17.23% over the past month. The stock is trading below its moving averages, indicating a bearish trend, and has seen a significant drop in investor participation.

As of 03-Aug, the stock price of Indian Toners & Developers Ltd is rising, currently at 48.48, with a change of 0.68 (1.42%) upwards. This increase follows a period of consecutive gains, as the stock has risen by 4.26% over the last two days. However, it is important to note that despite this recent uptick, the stock has underperformed its sector by 2.31% today and has shown a significant decline over longer periods, including a 17.23% drop over the past month and a 6.95% decrease over the past week.<BR><BR>The stock is currently trading below its moving averages across various time frames, indicating a bearish trend overall. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 45.59% compared to the five-day average. This decline in trading activity could suggest a lack of confidence among investors despite the recent price increase.<BR><BR>On a positive note, the company is net-debt free and has an attractive valuation with a return on equity (ROE) of 11.1 and a price-to-book value of 1.1, which may provide some support for the stock's price. However, the overall performance metrics indicate that while there is a short-term rise, the stock has been facing significant challenges in the longer term.

Which are the latest news on Indian Toners?

Should I buy, sell or hold Indian Toners & Developers Ltd?

When is the next results date for Indian Toners & Developers Ltd?

The next results date for Indian Toners & Developers Ltd is 28 July 2026.

The next results date for Indian Toners & Developers Ltd is scheduled for 28 July 2026.

How big is Indian Toners?

As of 10th June, Indian Toners & Developers Ltd has a market capitalization of 258.00 Cr, with recent net sales of 146.61 Cr and a net profit of 27.11 Cr. The company reported shareholder's funds of 165.34 Cr and total assets of 187.76 Cr for the annual period ending March 2022.

As of 10th June, Indian Toners & Developers Ltd has a market capitalization of 258.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, Indian Toners reported Net Sales of 146.61 Cr and a Net Profit of 27.11 Cr.<BR><BR>For the latest annual period ending March 2022, the company had Shareholder's Funds amounting to 165.34 Cr and Total Assets of 187.76 Cr.

Who are in the management team of Indian Toners?

The management team of Indian Toners includes Sushil Jain (Executive Chairman), Akshat Jain (Managing Director), Satyendra Paroothi (Whole-time Director), and several Independent Directors: Sanjeev Goel, Neena Jain, Manisha Chamaria, and Sanjay Gupta, along with Vishesh Chaturvedi as Company Secretary & Compliance Officer. They oversee the company's operations and strategic direction.

The management team of Indian Toners includes the following members:<BR><BR>1. **Sushil Jain** - Executive Chairman<BR>2. **Akshat Jain** - Managing Director<BR>3. **SATYENDRA PAROOTHI** - Whole-time Director<BR>4. **Sanjeev Goel** - Independent Director<BR>5. **Neena Jain** - Independent Director<BR>6. **Manisha Chamaria** - Independent Director<BR>7. **Sanjay Gupta** - Independent Director<BR>8. **Vishesh Chaturvedi** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Indian Toners?

Peers of Indian Toners include HP Adhesives, Aarti Surfactant, and Narmada Gelatine, among others. Narmada Gelatine shows excellent management and growth, while Indian Toners has a below-average growth rate and a 1-year return of -5.67%.

Peers: The peers of Indian Toners are HP Adhesives, Aarti Surfactant, Dynemic Products, Narmada Gelatine, India Gelatine, Diamines & Chem., Multibase India, Vikas Ecotech, Chembond Materi., and Dhariwalcorp.<BR><BR>Quality Snapshot: Excellent management risk is observed at Narmada Gelatine and India Gelatine, while Average management risk is found at HP Adhesives, Aarti Surfactant, Dynemic Products, Diamines & Chem., Multibase India, Vikas Ecotech, Chembond Materi., and Dhariwalcorp. Good growth is seen at Narmada Gelatine and Dhariwalcorp, while Below Average growth is noted at HP Adhesives, Aarti Surfactant, Dynemic Products, Indian Toners, Diamines & Chem., Multibase India, Vikas Ecotech, and Chembond Materi. Excellent capital structure is present at Narmada Gelatine, India Gelatine, Indian Toners, Diamines & Chem., Multibase India, and Chembond Materi., while Below Average capital structure is found at Aarti Surfactant, Dynemic Products, and Vikas Ecotech.<BR><BR>Return Snapshot: Narmada Gelatine has the highest 1-year return at 19.51%, while Vikas Ecotech has the lowest at -53.70%. Indian Toners' 1-year return is -5.67%, which is better than Vikas Ecotech but worse than Narmada Gelatine. Additionally, the six-month returns are negative for Aarti Surfactant, Dynemic Products, Diamines & Chem., Multibase India, Vikas Ecotech, and Chembond Materi.

What does Indian Toners do?

Indian Toners & Developers Ltd is the largest manufacturer and exporter of compatible toners in India, classified as a micro-cap company with a market cap of INR 258 Cr. As of March 2026, it reported net sales of 46 Cr and a net profit of 8 Cr.

Overview:<BR>Indian Toners & Developers Ltd is the largest manufacturer and exporter of compatible toners for various printing devices, operating within the specialty chemicals industry and classified as a micro-cap company.<BR><BR>History:<BR>Indian Toners & Developers Ltd was incorporated as a Public Limited Company in 1990. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 46 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 8 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 258 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 9.00 <BR>Industry P/E: 20 <BR>Dividend Yield: 2.41% <BR>Debt Equity: -0.49 <BR>Return on Equity: 11.84% <BR>Price to Book: 1.11 <BR><BR>Contact Details:<BR>Address: 10 5 KM, Rampur-Bareilly Road Rampur Uttar Pradesh : 244901 <BR>Tel: 91-5960-228174/228148 <BR>Email: info@indiantoners.com <BR>Website: http://www.indiantonners.com

Are Indian Toners & Developers Ltd latest results good or bad?

The latest results for Indian Toners & Developers Ltd show record revenue growth of 7.18% year-on-year, reaching ₹42.11 crores for Q3 FY26, and a 26.22% increase in nine-month profit after tax. However, declining net profit and a low Return on Capital Employed (ROCE) of 15.73% raise concerns about profitability and operational efficiency.

The latest results for Indian Toners & Developers Ltd present a mixed picture. On one hand, the company achieved a record high quarterly revenue of ₹42.11 crores for Q3 FY26, reflecting a year-on-year growth of 7.18%. Additionally, the nine-month profit after tax (PAT) grew by an impressive 26.22% compared to the previous year, indicating strong revenue generation.<BR><BR>However, there are significant concerns regarding profitability. The standalone net profit showed a slight decline of 0.62% year-on-year, which is a worrying trend, especially when juxtaposed with the robust revenue growth. Furthermore, the Return on Capital Employed (ROCE) has dropped to its lowest level of 15.73%, signaling operational challenges that could impact future profitability.<BR><BR>Overall, while the revenue growth is commendable, the declining profitability metrics and the lowest ROCE raise red flags about the company's operational efficiency and margin sustainability. Therefore, the results can be viewed as good in terms of revenue but concerning when it comes to profitability and capital efficiency.

Is Indian Toners overvalued or undervalued?

As of November 14, 2025, Indian Toners is considered very attractive and undervalued with a PE ratio of 10.45, an EV to EBITDA of 5.61, and a PEG ratio of 0.63, indicating a strong investment opportunity despite a year-to-date return of -10.22% compared to the Sensex's 8.22%.

As of 14 November 2025, the valuation grade for Indian Toners has moved from attractive to very attractive, indicating a stronger positive outlook. The company is currently assessed as undervalued. Key ratios include a PE ratio of 10.45, an EV to EBITDA of 5.61, and a PEG ratio of 0.63, all of which suggest that the stock is trading at a discount compared to its earnings growth potential.<BR><BR>In comparison to its peers, Indian Toners stands out with a significantly lower PE ratio than Sudarshan Chemicals at 134.12 and Kiri Industries at 25.97, both of which are considered overvalued. The company's strong return on capital employed (ROCE) of 22.21% further reinforces its solid financial health. Despite recent underperformance against the Sensex, with a year-to-date return of -10.22% compared to the Sensex's 8.22%, the overall valuation metrics suggest that Indian Toners presents a compelling investment opportunity at its current price of 264.85.

Has Indian Toners declared dividend?

Indian Toners & Developers Ltd has declared a 60% dividend, with an ex-date of November 14, 2025. The dividend yield is 1.67%, and total returns over various periods show a mix of performance, with significant growth in the long term.

Indian Toners & Developers Ltd has declared a 60% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 60%<BR>- Ex-date: 14 Nov 25<BR><BR>Dividend Yield: 1.67%<BR><BR>Total Returns by Period:<BR>In the 3-month period, the price return was 2.42%, the dividend return was 2.28%, resulting in a total return of 4.7%.<BR><BR>In the 6-month period, the price return was 1.27%, the dividend return was 2.25%, leading to a total return of 3.52%.<BR><BR>For the 1-year period, the price return was -8.66%, the dividend return was 3.63%, resulting in a total return of -5.03%.<BR><BR>Over the 2-year period, the price return was -23.7%, the dividend return was 3.10%, leading to a total return of -20.6%.<BR><BR>In the 3-year period, the price return was 38.81%, the dividend return was 8.02%, resulting in a total return of 46.83%.<BR><BR>For the 4-year period, the price return was 31.53%, the dividend return was 10.36%, leading to a total return of 41.89%.<BR><BR>In the 5-year period, the price return was 107.06%, the dividend return was 19.38%, resulting in a total return of 126.44%.<BR><BR>Overall, Indian Toners has declared a substantial dividend, and the total returns over various periods show a mix of positive and negative performance, with significant growth observed in the longer-term returns.

How has been the historical performance of Indian Toners?

Indian Toners has shown strong historical performance, with net sales increasing to 122.09 Cr in March 2022 from 88.86 Cr in March 2021, alongside significant growth in profitability metrics such as profit after tax rising to 20.74 Cr. Despite a slight decrease in cash flow from operating activities, the overall financial trajectory remains positive.

Answer:<BR>The historical performance of Indian Toners shows a significant increase in net sales and profitability over the years, particularly from March 2021 to March 2022.<BR><BR>Breakdown:<BR>Indian Toners reported net sales of 122.09 Cr in March 2022, a notable increase from 88.86 Cr in March 2021 and 91.52 Cr in March 2020. The total operating income followed a similar trend, reaching 122.09 Cr in March 2022 compared to 88.86 Cr in the previous year. The company's operating profit (PBDIT) also saw an increase, rising to 29.57 Cr in March 2022 from 22.97 Cr in March 2021. Profit before tax was reported at 25.27 Cr in March 2022, up from 18.54 Cr in March 2021, while profit after tax increased to 20.74 Cr from 13.26 Cr in the same period. The earnings per share (EPS) improved significantly to 19.12 in March 2022 from 12.22 in March 2021. On the balance sheet, total assets rose to 187.76 Cr in March 2022 from 180.46 Cr in March 2021, while total liabilities increased slightly to 187.76 Cr from 180.46 Cr. The cash flow from operating activities decreased to 14.00 Cr in March 2022 from 19.00 Cr in March 2021, but the net cash inflow remained positive at 3.00 Cr in March 2022. Overall, the financial metrics indicate a strong performance trajectory for Indian Toners in recent years.

What is the technical trend for Indian Toners?

As of May 3, 2025, Indian Toners shows a mildly bearish trend overall, with mixed signals from MACD and moving averages indicating a lack of strong bullish momentum and some bearish pressures.

As of 3 May 2025, the technical trend for Indian Toners has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals across time frames. The daily moving averages are mildly bearish, reinforcing the overall bearish sentiment in the short term. The Bollinger Bands show a sideways movement on the weekly chart and bearish on the monthly, indicating a lack of strong momentum. The KST is mildly bullish weekly but mildly bearish monthly, adding to the mixed outlook. Overall, the current technical stance is mildly bearish, with key indicators reflecting a lack of strong bullish momentum and some bearish pressures in the daily and monthly analyses.

Who are the top shareholders of the Indian Toners?

The top shareholders of Indian Toners include promoters, with Nandita Jain holding the largest stake at 23.0%, while individual investors own 28.46%. There are no foreign institutional investors, and mutual funds hold only 0.03%, with no pledged promoter holdings.

The top shareholders of Indian Toners primarily include the promoters, with Nandita Jain holding the highest individual stake at 23.0%. Additionally, individual investors collectively hold 28.46% of the shares. There are no foreign institutional investors (FIIs) involved, and mutual funds hold a minimal percentage through two schemes, accounting for 0.03%. Notably, there are no pledged promoter holdings, indicating a strong commitment from the promoters.