Bodal Chemicals Reports Mixed Financial Performance Amidst Competitive Market Challenges

Bodal Chemicals, a microcap player in the dyes and pigments industry, has recently undergone a financial trend adjustment reflecting its performance for the quarter ending September 2025. The company's financial metrics indicate a mixed performance landscape. On the positive side, the latest six-month profit after tax (PAT) has shown remarkable growth, reaching Rs 15.55 crore, while the return on capital employed (ROCE) stands at its highest level of 6.11%. Additionally, net sales for the quarter peaked at Rs 480.45 crore.
However, several challenges persist. Operating cash flow for the year is notably low at Rs 113.78 crore, and the operating profit to interest ratio is at its lowest, recorded at just 1.15 times. The PAT for the quarter has also declined by 19.8% compared to the previous four-quarter average. Other concerning metrics include a debtor turnover ratio of 4.16 times and a significant portion of non-operating income, which constitutes 357.17% of profit before tax.

In terms of market performance, Bodal Chemicals has faced a decline in stock returns over various periods, contrasting sharply with the Sensex returns. Over the past year, the stock has decreased by 19.10%, while the Sensex has gained 9.03%. This trend highlights the challenges the company faces in a competitive market environment.