AksharChem (I)

Why is AksharChem (India) Ltd falling/rising?

As of 01-Sep, AksharChem (India) Ltd's stock price is at Rs. 388.05, reflecting a 4.99% increase and a new 52-week high. The stock has shown strong performance with a 16.01% rise over the past week and a 55.84% increase over the past month, supported by increased investor interest and positive market trends.

As of 01-Sep, AksharChem (India) Ltd's stock price is rising, currently at Rs. 388.05, reflecting an increase of Rs. 18.45 or 4.99%. This upward movement is supported by several factors. The stock has outperformed the sector by 5.92% today and has been on a consecutive gain streak for the last two days, accumulating a total return of 10.24% in this period. Additionally, the stock opened with a gain of 4.99% and reached a new 52-week high of Rs. 388.05 today.<BR><BR>The stock's performance over the past week shows a significant increase of 16.01%, while the benchmark Sensex has declined by 0.92%. Over the past month, AksharChem has risen by 55.84%, contrasting with a 1.47% drop in the Sensex. Furthermore, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.<BR><BR>Investor participation has also increased, with delivery volume rising by 82.13% compared to the 5-day average, suggesting growing interest in the stock. Overall, these factors contribute to the positive momentum in AksharChem's stock price.

Which are the latest news on AksharChem (I)?

Who are in the management team of AksharChem (I)?

The management team of AksharChem (I) includes Pradeep Jha (Independent Director), Gokul M Jaykrishna (Non Executive Director), Munjal M Jaykrishna (Joint Managing Director & CEO), Gautam M Jain (Independent Director), Meet J Joshi (Company Secretary & Compliance Officer), Jigar Mukesh Patel (Independent Director), Maitri Kirankumar Mehta (Independent Director), Ashok Dolatsinh Barot (Executive Director), and Paru M Jaykrishna (Chairperson & Managing Director). This diverse team provides strong leadership and expertise to the company.

The management team of AksharChem (I) includes the following individuals:<BR><BR>1. **Pradeep Jha** - Independent Director<BR>2. **Gokul M Jaykrishna** - Non Executive Director<BR>3. **Munjal M Jaykrishna** - Joint Managing Director & CEO<BR>4. **Gautam M Jain** - Independent Director<BR>5. **Meet J Joshi** - Company Secretary & Compliance Officer<BR>6. **Jigar Mukesh Patel** - Independent Director<BR>7. **Maitri Kirankumar Mehta** - Independent Director<BR>8. **Ashok Dolatsinh Barot** - Executive Director<BR>9. **Paru M Jaykrishna** - Chairperson & Managing Director<BR><BR>This team brings a diverse range of expertise and leadership to the company.

What does AksharChem (I) do?

AksharChem (India) Ltd, a micro-cap company established in 1989, operates in the Dyes and Pigments industry, reporting net sales of 141 Cr and a net profit of 15 Cr for June 2026. The company has a market cap of INR 297 Cr and key financial metrics include a P/E of 24.00 and a dividend yield of 0.20%.

Overview:<BR>AksharChem (India) Ltd operates in the Dyes and Pigments industry and is classified as a micro-cap company.<BR><BR>History:<BR>The company was incorporated in 1989 and was originally known as Audichem (India) Limited. It changed its name to AksharChem (India) Limited on March 23, 2004. The latest quarterly results reported are for June 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>- Net Sales: 141 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 15 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 297 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 24.00<BR>- Industry P/E: 18<BR>- Dividend Yield: 0.20%<BR>- Debt-Equity: 0.25<BR>- Return on Equity: 4.69%<BR>- Price to Book: 1.07<BR><BR>Contact Details:<BR>Address: Akshar House Chhatral-Kadi Rd, Indrad Mehsana Gujarat : 382715<BR>Email: cs@aksharchemindia.com<BR>Website: http://www.aksharchemindia.com

Who are the peers of the AksharChem (I)?

AksharChem (I) peers include Bodal Chemicals, Ultramarine Pigments, Bhageria Industries, and others, with varying management and growth risks. AksharChem (I) has a 1-year return of 32.69%, higher than Ultramarine Pigments but lower than Bodal Chemicals at 83.54%.

Peers: The peers of AksharChem (I) are Bodal Chemicals, Ultramarine Pig., Bhageria Indust., Sudarshan Colora, Asahi Songwon, Poddar Pigments, Hindprakash Indu, Ducol Organics, and Siddhika Coatins.<BR><BR>Quality Snapshot: Excellent management risk is observed at Siddhika Coatins, while Average management risk is found at Ultramarine Pig., Bhageria Indust., Sudarshan Colora, and Poddar Pigments, and the rest. Below Average management risk is noted for Bodal Chemicals, AksharChem (I), Hindprakash Indu, and Asahi Songwon. In terms of Growth, Excellent growth is seen at Ducol Organics and Siddhika Coatins, Average growth is found at Ultramarine Pig., Bhageria Indust., Sudarshan Colora, Poddar Pigments, and the rest, while Below Average growth is noted for Bodal Chemicals, AksharChem (I), Hindprakash Indu, and Asahi Songwon. For Capital Structure, Excellent capital structure is observed at Ultramarine Pig., Bhageria Indust., Sudarshan Colora, and Poddar Pigments, while Good capital structure is noted for Ducol Organics, and Below Average capital structure is found at Bodal Chemicals, AksharChem (I), Hindprakash Indu, and Asahi Songwon.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bodal Chemicals at 83.54%, while the lowest is Ultramarine Pig. at -9.91%. AksharChem (I) has a 1-year return of 32.69%, which is higher than Ultramarine Pig. but lower than Bodal Chemicals. Additionally, peers with negative six-month returns include Sudarshan Colora, Hindprakash Indu, and Ducol Organics.

How big is AksharChem (I)?

As of 31st August, AksharChem (India) Ltd has a market capitalization of 297.00 Cr, with net sales of 205.15 Cr and net profit of 21.78 Cr over the latest four quarters.

As of 31st August, <BR><BR>Market Cap: AksharChem (India) Ltd has a market capitalization of 297.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 205.15 Cr, while the sum of Net Profit for the same period is 21.78 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2016, with Shareholder's Funds amounting to 85.01 Cr and Total Assets valued at 155.11 Cr.

Should I buy, sell or hold AksharChem (India) Ltd?

When is the next results date for AksharChem (India) Ltd?

The next results date for AksharChem (India) Ltd is 12 August 2026.

The next results date for AksharChem (India) Ltd is scheduled for 12 August 2026.

Are AksharChem (India) Ltd latest results good or bad?

AksharChem (India) Ltd's latest results are concerning, showing a net loss of ₹4.62 crores in Q3 FY26, an 8,500% drop in profit, and the lowest net sales in recent quarters. The company's financial metrics indicate significant distress, making it a risky investment.

The latest results for AksharChem (India) Ltd are concerning and indicate a significant deterioration in financial performance. In Q3 FY26, the company reported a net loss of ₹4.62 crores, marking a severe decline compared to previous quarters. This represents an astonishing 8,500% drop in net profit quarter-on-quarter, highlighting a loss-making quarter.<BR><BR>Net sales for the same period were ₹80.38 crores, which is the lowest in recent quarters, suggesting weak demand or operational challenges. Additionally, interest costs surged to ₹1.85 crores, the highest on record, which has severely impacted the company's profitability. The operating profit to interest coverage ratio has collapsed to just 1.59 times, raising serious concerns about the company's ability to service its debt.<BR><BR>Overall, the financial metrics point to a company in distress, with multiple red flags indicating operational and financial challenges. The stock has also underperformed significantly, declining 10.32% over the past year, while the broader market has seen gains. Given these factors, the latest results can be classified as bad, with a strong recommendation for caution regarding any investment in the company.

How has been the historical performance of AksharChem (I)?

AksharChem (I) experienced a decline in net sales and cash flow from March 2015 to March 2016, but improved profitability metrics, with operating profit and profit after tax increasing. Total assets and liabilities grew, indicating stable asset management despite challenges in sales.

Answer:<BR>The historical performance of AksharChem (I) shows a mixed trend in its financial metrics from March 2015 to March 2016.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2016, AksharChem reported net sales of 187.71 Cr, a decline from 199.82 Cr in the previous year. Total operating income also decreased to 187.83 Cr from 200.13 Cr. However, the company managed to reduce its total expenditure, which fell to 155.48 Cr from 172.61 Cr, leading to an increase in operating profit (PBDIT) to 33.52 Cr from 29.51 Cr. Profit before tax rose to 25.93 Cr compared to 23.51 Cr, and profit after tax slightly increased to 16.64 Cr from 16.00 Cr. The earnings per share improved to 22.75 from 21.88, reflecting a positive trend in profitability metrics. On the balance sheet, total assets grew to 155.11 Cr from 146.48 Cr, while total liabilities also increased to 155.11 Cr from 146.48 Cr. The company’s cash flow from operating activities decreased significantly to 13.30 Cr from 28.20 Cr, indicating a reduction in cash generation efficiency. Overall, while AksharChem faced challenges in sales and cash flow, it showed improvements in profitability and asset management.

Who are the top shareholders of the AksharChem (I)?

The top shareholder of AksharChem (I) is the Mrugesh Jaykrishna Family Trust, holding 38.87%. Individual investors own 28.69% of shares, with Tarak V Vora as the largest individual shareholder at 2.31%, while mutual funds and foreign institutional investors have minimal or no presence.

The top shareholders of AksharChem (I) include the Mrugesh Jaykrishna Family Trust, which holds the largest stake at 38.87%. The company is primarily controlled by its promoters, with no pledged promoter holdings reported. In terms of public shareholders, Tarak V Vora is the highest individual shareholder, owning 2.31%. Additionally, individual investors collectively hold 28.69% of the shares, while mutual funds have a minimal presence with 0.06% held by one scheme, and there are currently no foreign institutional investors (FIIs) involved.

Is AksharChem (I) overvalued or undervalued?

As of July 1, 2025, AksharChem (I) is considered overvalued with a PE ratio of 47.15 and a 1-year return of -13.08%, indicating a less attractive valuation compared to peers like Ultramarine Pigments.

As of 1 July 2025, AksharChem (I) has moved from a very attractive to an attractive valuation grade. The company appears to be overvalued based on its current metrics. Key ratios include a PE ratio of 47.15, an EV to EBITDA of 11.67, and a PEG ratio of 0.38, which indicates a high price relative to its earnings growth potential.<BR><BR>In comparison with peers, Sudarshan Chemicals is deemed expensive with a PE ratio of 78.87, while Ultramarine Pigments is very attractive with a PE of 19.62. This suggests that AksharChem's valuation is relatively high compared to some peers, despite being lower than Sudarshan. Additionally, the company's recent stock performance has lagged behind the Sensex, with a 1-year return of -13.08% compared to the Sensex's 5.31%, reinforcing the notion that it may be overvalued in the current market context.

What is the technical trend for AksharChem (I)?

As of May 9, 2025, AksharChem (I) shows a mildly bearish trend influenced by daily moving averages, while weekly indicators present mixed signals with some mildly bullish trends, resulting in an overall tempered bearish outlook.

As of 9 May 2025, the technical trend for AksharChem (I) has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish trend. While the weekly MACD, Bollinger Bands, KST, and OBV show mildly bullish signals, the monthly indicators remain bearish, creating a mixed outlook. The RSI shows no signals in both weekly and monthly time frames, indicating a lack of momentum. Overall, the strength of the bearish trend is tempered by some mildly bullish indicators on the weekly charts.

Has AksharChem (I) declared dividend?

Yes, AksharChem (India) Ltd has declared a 5% dividend, amounting to ₹0.5 per share, with an ex-date of September 23, 2024. While the company has announced a dividend, total returns have varied, showing declines in some periods and positive returns over the last 5 years.

AksharChem (India) Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: 23 Sep 24<BR><BR>Dividend Yield: 0.2%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -18.75% with no dividend return, resulting in a total return of -18.75%.<BR><BR>Over the past year, the price return was -2.73% with a dividend return of 0.19%, leading to a total return of -2.54%.<BR><BR>In the 2-year period, the price return was 9.36% and the dividend return was 0.41%, culminating in a total return of 9.77%.<BR><BR>For the 3-year period, the price return was -12.26% with a dividend return of 0.61%, resulting in a total return of -11.65%.<BR><BR>In the 4-year period, the price return was -15.41% and the dividend return was 1.46%, leading to a total return of -13.95%.<BR><BR>Finally, over the last 5 years, the price return was 12.35% with a dividend return of 2.16%, resulting in a total return of 14.51%.<BR><BR>Overall, while AksharChem has declared a dividend, the total returns over various periods show a mixed performance, with significant declines in some periods and positive returns in others, particularly over the longer 5-year horizon.