Indian Toners

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.

What does Indian Toners do?

Indian Toners & Developers Ltd is India's largest manufacturer and exporter of compatible toners for printing devices, classified as a micro-cap company with a market cap of Rs 283 Cr. As of March 2025, it reported net sales of 41 Cr and a net profit of 7 Cr.

Overview:<BR>Indian Toners & Developers Ltd is India's 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 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 41 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 7 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 283 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 13.00<BR>- Industry P/E: 31<BR>- Dividend Yield: 1.73%<BR>- Debt Equity: -0.40<BR>- Return on Equity: 11.12%<BR>- Price to Book: 1.40<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

Who are the peers of the Indian Toners?

Peers of Indian Toners include Pidilite Inds., SRF, Gujarat Fluoroch, and others. SRF has the highest 1-year return at 30.72%, while Indian Toners' return is -4.80%.

Peers: The peers of Indian Toners are Pidilite Inds., SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, India Gelatine, Narmada Gelatine, Cochin Minerals, Chemcrux Enterp., and Polson.<BR><BR>Quality Snapshot: Excellent management risk is observed at Deepak Nitrite, Narmada Gelatine, and Cochin Minerals, while Good management risk is found at Pidilite Inds. and SRF. Average management risk is present at Gujarat Fluoroch, Himadri Special, Indian Toners, India Gelatine, and Chemcrux Enterp. For Growth, Excellent growth is noted at Himadri Special, while Average growth is seen at Pidilite Inds., SRF, India Gelatine, and the rest. Below Average growth is observed at Gujarat Fluoroch, Deepak Nitrite, Narmada Gelatine, Cochin Minerals, and Chemcrux Enterp. Lastly, Excellent capital structure is held by Pidilite Inds., Deepak Nitrite, Indian Toners, India Gelatine, Narmada Gelatine, Cochin Minerals, and the rest, while Good capital structure is found at Gujarat Fluoroch, Himadri Special, and Chemcrux Enterp.<BR><BR>Return Snapshot: The peer with the highest 1-year return is SRF at 30.72%, while Chemcrux Enterp. has the lowest at -37.35%. Indian Toners' 1-year return is -4.80%, which is better than Chemcrux Enterp. but significantly lower than SRF. Additionally, the six-month return is negative for Deepak Nitrite, Indian Toners, Gujarat Fluoroch, Chemcrux Enterp., and Cochin Minerals.

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 in the management team of Indian Toners?

As of March 2023, 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 (Company Secretary & Compliance Officer). This team oversees the company's operations and strategic direction.

As of March 2023, the management team of Indian Toners includes the following individuals:<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.

How big is Indian Toners?

As of 24th July, Indian Toners & Developers Ltd has a market capitalization of 283.00 Cr, with recent net sales of 146.61 Cr and a net profit of 27.11 Cr.

As of 24th July, Indian Toners & Developers Ltd has a market capitalization of 283.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 146.61 Cr and a Net Profit of 27.11 Cr.<BR><BR>The latest annual period for the balance sheet is March 2022, with Shareholder's Funds amounting to 165.34 Cr and Total Assets of 187.76 Cr.

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.

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.

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

The next results date for Indian Toners & Developers Ltd is February 2, 2026.

The next results date for Indian Toners & Developers Ltd is scheduled for February 2, 2026.

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.

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

Why is Indian Toners & Developers Ltd falling/rising?

As of 16-May, Indian Toners & Developers Ltd's stock price is at 249.80, down 1.05% and showing a recent downward trend despite a monthly gain. Investor participation is declining, indicated by a significant drop in delivery volume, while the stock remains net-debt-free with a solid return on equity, though overall market sentiment is negative.

As of 16-May, Indian Toners & Developers Ltd's stock price is falling, currently at 249.80, reflecting a decrease of 2.65 (-1.05%). The stock has been on a downward trend, having lost 3.54% over the last two days. This decline is in contrast to its performance over the past month, where it has gained 3.91%, but the recent consecutive falls indicate a shift in momentum.<BR><BR>Investor participation appears to be waning, as evidenced by a significant drop in delivery volume, which fell by 58.18% compared to the 5-day average. This reduced activity may contribute to the stock's downward pressure. Additionally, while the stock is trading above its 20-day, 50-day, and 100-day moving averages, it is below the 5-day and 200-day moving averages, suggesting a potential weakening trend.<BR><BR>Despite these negative indicators, the company maintains a net-debt-free status and has shown a strong return on equity (ROE) of 11.8, with a price-to-book value of 1.1, indicating an attractive valuation relative to its peers. However, the overall market sentiment, reflected by the stock's performance against the benchmark Sensex, which has also seen declines, may be influencing the stock's current trajectory.

Which are the latest news on Indian Toners?