Indokem

Who are the top shareholders of the Indokem?

The top shareholder of Indokem is Vindhyapriya Holdings Pvt Ltd, with a 19.76% stake. Promoters hold the majority of shares, while individual investors own 26.51%, and the highest public shareholder is Sangeetha S at 1.8%.

The top shareholders of Indokem include Vindhyapriya Holdings Pvt Ltd, which holds the largest share at 19.76%. The majority of the company's shares are held by promoters, with no pledged promoter holdings reported. Additionally, individual investors collectively hold 26.51% of the shares. The highest public shareholder is Sangeetha S, with a holding of 1.8%. There are also 10 mutual fund schemes that hold a small portion of the shares, amounting to 0.1%, but there are no foreign institutional investors involved.

What does Indokem do?

Indokem Ltd is a micro-cap company in the specialty chemicals sector, focusing on manufacturing dyes, sizing chemicals, and electrical capacitors for the textile industry. As of March 2025, it reported net sales of 54 Cr and a net profit of 4 Cr, with a market cap of Rs 533 Cr.

Overview:<BR>Indokem Ltd is a micro-cap company in the specialty chemicals industry that manufactures and deals in dyes, sizing chemicals, and auxiliaries used in the textile industry, as well as electrical capacitors.<BR><BR>History:<BR>Indokem Ltd, formerly known as Khatau Junker Ltd, is promoted by Dharamsey Khatau. The company has reported its latest quarterly results for March 2025, showcasing its net sales and profit figures.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 54 Cr (Quarterly Results - Mar 2025)<BR>- Most recent Net Profit: 4 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap value: Rs 533 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 166.00<BR>- Industry P/E: 31<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.30<BR>- Return on Equity: 5.13%<BR>- Price to Book: 8.50<BR><BR>Contact Details:<BR>Address: Khatau House Plot No 410/411, 1st Flr Mogul Lane Mahim (Wes Mumbai Maharashtra : 400016 <BR>Tel: 91-22-61236767/61236711 <BR>Email: iklsecretarial@gmail.com <BR>Website: http://www.indokem.co.in

Has Indokem declared dividend?

No Dividend History Available

Who are the peers of the Indokem?

Indokem's peers include Pidilite Industries, SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Bhatia Colour, HP Adhesives, Aarti Surfactant, and Nikhil Adhesives. Indokem has below average management risk and growth, with a 1-year return of 125.44%, lower than Bhatia Colour's 561.32% but higher than HP Adhesives' -47.36%.

Peers: The peers of Indokem are Pidilite Inds., SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Bhatia Colour, HP Adhesives, Aarti Surfactant, and Nikhil Adhesives.<BR><BR>Quality Snapshot: Excellent management risk is observed at Deepak Nitrite and Nikhil Adhesives, while Good management risk is found at Pidilite Inds., SRF, and the rest. Average management risk is present at Gujarat Fluoroch, Himadri Special, HP Adhesives, Aarti Surfactant, and the rest. Below Average management risk is noted for Indokem and Bhatia Colour. In terms of Growth, Excellent growth is seen at Himadri Special, while Average growth is found at Pidilite Inds., SRF, and the rest. Below Average growth is noted for Gujarat Fluoroch, Deepak Nitrite, Aarti Surfactant, and the rest, while Indokem and Bhatia Colour exhibit Below Average growth. Excellent capital structure is present at Pidilite Inds., SRF, and Deepak Nitrite, while Good capital structure is found at Gujarat Fluoroch and Himadri Special. Average capital structure is noted for Bhatia Colour and Nikhil Adhesives, while Below Average capital structure is observed at Indokem, Aarti Surfactant, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bhatia Colour at 561.32%, while the peer with the lowest is HP Adhesives at -47.36%. Indokem's 1-year return of 125.44% is significantly higher than HP Adhesives but lower than Bhatia Colour. Additionally, the peers with negative six-month returns include Deepak Nitrite, HP Adhesives, Aarti Surfactant, Nikhil Adhesives, and Vikas Ecotech.

Is Indokem technically bullish or bearish?

As of June 10, 2025, the technical trend is bullish, supported by strong indicators like the MACD and Bollinger Bands, despite a mildly bearish KST signal on the weekly timeframe.

As of 10 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this position. The MACD is bullish on both the weekly and monthly time frames, and Bollinger Bands also indicate bullishness in both time frames. Daily moving averages confirm a bullish trend. Although the KST shows a mildly bearish signal on the weekly, the overall monthly outlook remains bullish. Dow Theory supports this bullish sentiment across both weekly and monthly analyses. The stock has shown significant returns compared to the Sensex, further reinforcing the bullish stance.

Is Indokem overvalued or undervalued?

As of June 26, 2025, Indokem is considered very expensive with a PE ratio of 225.97, significantly higher than its peers, indicating overvaluation despite a 172.17% return over the past year.

As of 26 June 2025, the valuation grade for Indokem has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued, with a PE ratio of 225.97, an EV to EBITDA of 96.21, and a Price to Book Value of 11.59. These ratios suggest that the stock is trading at a premium compared to its earnings and book value, which raises concerns about its sustainability at these levels.<BR><BR>When compared to peers, Indokem's valuation stands out starkly; for instance, Sudarshan Chemicals, which is categorized as expensive, has a PE ratio of 73.54, while Kiri Industries, deemed risky, has a PE ratio of just 13. Additionally, Vidhi Specialty, also classified as very expensive, has a PE ratio of 47.93. The substantial disparity in these ratios reinforces the notion that Indokem is overvalued. Notably, the company's stock has outperformed the Sensex significantly over the past year, with a return of 172.17% compared to the Sensex's 6.46%, which may have contributed to the inflated valuation.

Who are in the management team of Indokem?

As of March 2023, the management team of Indokem includes Mahendra K Khatau (Chairman), Manish M Khatau (WTD), Asha M Khatau, and several independent directors such as Kailash Pershad and Rahul Singh, among others, providing diverse governance and strategic direction.

As of March 2023, the management team of Indokem includes the following members:<BR><BR>1. Mahendra K Khatau - Chairman / Executive Director<BR>2. Manish M Khatau - WTD & Executive Director<BR>3. Asha M Khatau - Non Executive Director<BR>4. Kailash Pershad - Independent Non Executive Director<BR>5. Bhalchandra Sontakke - Independent Non Executive Director<BR>6. Rahul Singh - Independent Non Executive Director<BR>7. Sneha Vidyadhar Khandekar - Independent Director<BR>8. Suyash Neelkanth Bhise - Independent Director<BR>9. Adarsh Pankaj Shukla - Independent Director<BR>10. Arup Basu - Non Executive Director<BR><BR>This diverse team includes both executive and independent directors, contributing to the governance and strategic direction of the company.

How big is Indokem?

As of 24th July, Indokem Ltd has a market capitalization of 846.00 Cr, categorizing it as a Micro Cap company, with net sales of 178.10 Cr and a net profit of 3.17 Cr in the latest four quarters. Specific values for Shareholder's Funds and Total Assets are unavailable.

As of 24th July, Indokem Ltd has a market capitalization of 846.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>In the latest four quarters, Indokem reported net sales of 178.10 Cr and a net profit of 3.17 Cr.<BR><BR>The reporting period for the balance sheet data is the latest annual period, but specific values for Shareholder's Funds and Total Assets are not available.

When is the next results date for Indokem?

Indokem will declare its results on 08 August 2025.

Indokem will declare its results on 08 August 2025.

How has been the historical performance of Indokem?

Indokem's financial performance has significantly improved over the past three years, with net sales reaching 178.09 crore in March 2025, a turnaround to positive profits, and an earnings per share increase to 1.14, reflecting enhanced profitability and operational efficiency.

Answer:<BR>Indokem has shown a notable improvement in its financial performance over the past three years, particularly in the fiscal year ending March 2025. The company's net sales increased to 178.09 crore in March 2025 from 164.80 crore in March 2024 and 111.86 crore in March 2023. Total operating income mirrored this growth, reaching 178.09 crore in March 2025. Despite rising raw material costs, which were 119.63 crore in March 2025 compared to 109.53 crore in March 2024 and 77.39 crore in March 2023, the company managed to achieve an operating profit (PBDIT) of 8.37 crore in March 2025, a significant recovery from a loss of 0.60 crore in March 2024. The profit before tax also turned positive at 3.29 crore in March 2025, compared to a loss of 6.19 crore in the previous year. Consequently, profit after tax rose to 3.14 crore in March 2025, a stark contrast to the loss of 6.23 crore in March 2024. The earnings per share (EPS) improved to 1.14 in March 2025 from a negative 2.22 in March 2024. The company's cash flow from operating activities also increased to 5.00 crore in March 2025, up from 4.00 crore in March 2024 and 2.00 crore in March 2023, resulting in a closing cash and cash equivalent of 3.00 crore in March 2025.<BR><BR>Breakdown:<BR>Indokem's financial trajectory has been marked by significant growth in net sales, which rose to 178.09 crore in March 2025, reflecting a robust recovery from the previous years. The total operating income followed suit, indicating effective management despite escalating raw material costs. The operating profit turned positive, showcasing a turnaround from losses in prior years, while profit before tax and profit after tax both returned to positive figures, highlighting improved profitability. The earnings per share also saw a remarkable recovery, indicating enhanced shareholder value. Furthermore, the cash flow from operating activities demonstrated consistent growth, culminating in a healthy closing cash position, which suggests improved liquidity and operational efficiency.

Are Indokem Ltd latest results good or bad?

Indokem Ltd's latest results are concerning, with a sharp decline in operating profit margin to 0.43% and a 44.59% drop in net profit year-on-year. The company's heavy reliance on non-operating income and below-average return on equity indicate significant operational challenges and deteriorating profitability.

Indokem Ltd's latest results indicate a challenging situation for the company. In the third quarter of FY26, the operating profit margin fell sharply to just 0.43%, down from 3.00% in the previous quarter and 3.25% in the same quarter last year. This significant decline reflects increasing pressure on the company's core manufacturing operations.<BR><BR>Net profit for the quarter was ₹0.41 crore, which represents a substantial year-on-year decrease of 44.59%. Additionally, net sales decreased by 3.18% compared to the previous year, totaling ₹42.02 crore. While there was a slight sequential increase in sales from the previous quarter, the overall trend shows a decline in profitability and sales performance.<BR><BR>The company's reliance on non-operating income is concerning, as it constituted a staggering 520% of profit before tax, indicating that the core operations are struggling to generate sustainable profits. Furthermore, the average return on equity over the past five years is only 4.48%, which is below industry standards.<BR><BR>Overall, the results suggest that Indokem is facing significant operational challenges and deteriorating profitability, making the latest performance appear quite poor. Investors should be cautious given the heavy reliance on non-operating income and the extreme valuation metrics relative to its financial performance.

Should I buy, sell or hold Indokem Ltd?

Why is Indokem Ltd falling/rising?

As of 02-Feb, Indokem Ltd's stock price is at 690.00, down 1.65% and has declined for three consecutive days, totaling a 6.28% drop. Despite a strong year-to-date performance, recent trends indicate short-term weakness and a shift in investor sentiment.

As of 02-Feb, Indokem Ltd's stock price is falling, currently at 690.00, which reflects a decrease of 11.55 or 1.65%. The stock has been underperforming, having lost value for three consecutive days, resulting in a total decline of 6.28% during this period. Additionally, the stock's performance today has underperformed the sector by 2.08%. <BR><BR>In terms of recent trends, the stock has shown a slight decline of 1.69% over the past week, while the Sensex has increased by 0.16%. Over the last month, the stock has remained relatively stable with a minimal change of -0.09%, contrasting with a more significant decline of 4.78% in the Sensex. Despite a strong year-to-date performance of +10.14%, the stock's recent downward movement indicates a shift in investor sentiment.<BR><BR>The stock's intraday low reached Rs 678, marking a decline of 3.36%, and while it is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, suggesting a short-term weakness. However, there has been a rise in investor participation, with delivery volume increasing by 14.13% compared to the 5-day average, indicating some interest despite the falling price. Overall, the combination of recent performance trends and market conditions contributes to the current decline in Indokem Ltd's stock price.

Which are the latest news on Indokem?