{
  "main_header": {
    "sid": 648422,
    "name": "Indian Toners",
    "stock_name": "Indian Toners",
    "full_name": "Indian Toners & Developers Ltd",
    "name_url": "stocks-analysis/indian-toners",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "257.65",
    "chg": -4.65,
    "chgp": "-1.77%",
    "dir": -1,
    "prev_price": "262.30",
    "mcapval": "273.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 523586,
    "symbol": "",
    "ind_name": "Specialty Chemicals",
    "ind_code": 84,
    "indexname": "",
    "isin": "INE826B01018",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "2.36 k",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-registerF-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/indian-toners-648422-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Indian Toners Sees Revision in Market Evaluation Amid Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indian-toners-upgraded-from-sell-to-hold-by-marketsmojo-on-21-jul-2025-3743963",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/IndianToners_mojoScore_3743963.png",
        "date": "2025-12-03 11:08:25",
        "description": "Indian Toners has experienced a revision in its market evaluation, reflecting a nuanced shift in its financial and technical outlook. This adjustment comes as the company navigates a complex landscape marked by solid operational fundamentals yet subdued stock performance within the specialty chemicals sector."
      },
      {
        "title": "Why is Indian Toners falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-indian-toners-fallingrising-3729891",
        "imagepath": "",
        "date": "2025-11-26 01:12:25",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Relative Performance</strong></p>\n<p>Indian Toners has experienced a notable decline over the past week, with its share price dropping by 2.30%, significantly underperforming the Sensex, which remained nearly flat with a marginal 0.10% gain. Over the last month, the stock has fallen 4.12%, contrasting with the Sensex's modest 0.45% rise. Year-to-date figures reveal a more pronounced divergence, with Indian Toners down 12.78% while the benchmark index has advanced 8.25%. Even over a one-year horizon, the stock has declined by 10.07%, whereas the Sensex has appreciated by 5.59%. These figures highlight a persistent underperformance trend for Indian Toners relative to the broader market.</p>\n<p><strong>Technical Indicators and Trading Patterns</strong></p>\n<p>Technical..."
      },
      {
        "title": "Is Indian Toners overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-indian-toners-overvalued-or-undervalued-3705985",
        "imagepath": "",
        "date": "2025-11-17 08:08:42",
        "description": "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.\n\nIn 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 opportun..."
      },
      {
        "title": "Is Indian Toners overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-indian-toners-overvalued-or-undervalued-3705291",
        "imagepath": "",
        "date": "2025-11-16 08:08:13",
        "description": "As of 14 November 2025, the valuation grade for Indian Toners has moved from attractive to very attractive. The company is currently assessed as undervalued, supported by a PE ratio of 10.45, an EV to EBITDA of 5.61, and a PEG ratio of 0.63. These metrics indicate that the company is trading at a significant discount compared to its peers in the specialty chemicals sector.\n\nIn comparison, Sudarshan Chemicals has a PE ratio of 134.12, while Meghmani Organics stands at 46.28, highlighting the relative undervaluation of Indian Toners. Additionally, the company's return on capital employed (ROCE) is a strong 22.21%, further reinforcing its attractiveness. Despite recent stock performance lagging behind the Sensex over the past year, the long-term growth of 100.42% over five years suggests robust potential for future appreciation...."
      },
      {
        "title": "Is Indian Toners overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-indian-toners-overvalued-or-undervalued-3704571",
        "imagepath": "",
        "date": "2025-11-15 08:08:38",
        "description": "As of 14 November 2025, the valuation grade for Indian Toners has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company is currently considered undervalued, with a PE ratio of 10.45, an EV to EBITDA ratio 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.\n\nIn 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. Additionally, the company's ROCE of 22.21% and ROE of 12.25% further underscore its operational efficiency relative to the industry. Despite recent underperformance against the Sensex, with a year-to-date return of -10.22% compared to the index's 8.22%, the fundamentals suggest that Indian Toners offers substantial upside p..."
      },
      {
        "title": "Has Indian Toners declared dividend?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/has-indian-toners-declared-dividend-3694248",
        "imagepath": "",
        "date": "2025-11-12 23:31:35",
        "description": "Indian Toners & Developers Ltd has declared a 60% dividend.\n\nDividend Details:\n- Percentage announced: 60%\n- Ex-date: 14 Nov 25\n\nDividend Yield: 1.67%\n\nTotal Returns by Period:\nIn the 3-month period, the price return was 2.42%, the dividend return was 2.28%, resulting in a total return of 4.7%.\n\nIn the 6-month period, the price return was 1.27%, the dividend return was 2.25%, leading to a total return of 3.52%.\n\nFor the 1-year period, the price return was -8.66%, the dividend return was 3.63%, resulting in a total return of -5.03%.\n\nOver the 2-year period, the price return was -23.7%, the dividend return was 3.10%, leading to a total return of -20.6%.\n\nIn the 3-year period, the price return was 38.81%, the dividend return was 8.02%, resulting in a total return of 46.83%.\n\nFor the 4-year period, the price return was 31.53%, the dividend return was 10.36%, leading to a total return of 41.89%.\n\nIn the 5-year p..."
      },
      {
        "title": "How has been the historical performance of Indian Toners?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-indian-toners-3694085",
        "imagepath": "",
        "date": "2025-11-12 23:19:47",
        "description": "Answer:\nThe historical performance of Indian Toners shows a significant increase in net sales and profitability over the years, particularly from March 2021 to March 2022.\n\nBreakdown:\nIndian 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..."
      },
      {
        "title": "Are Indian Toners latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-indian-toners-latest-results-good-or-bad-3690499",
        "imagepath": "",
        "date": "2025-11-11 19:36:45",
        "description": "Indian Toners' latest financial results for Q2 FY26 reveal a complex operational landscape characterized by both stability in net sales and challenges in profitability. The company reported net sales of ₹38.84 crores, reflecting a marginal sequential growth of 0.09% from the previous quarter and a year-on-year increase of 1.46%. This indicates a degree of resilience in revenue generation despite broader market pressures.\n\nHowever, the profitability metrics present a more concerning picture. Net profit for the quarter was ₹5.61 crores, which represents a decline of 6.32% quarter-on-quarter and 6.34% year-on-year. This profit erosion, occurring alongside relatively stable revenues, highlights significant margin pressures that the company is currently facing. The operating margin, excluding other income, fell to 18.74%, marking the lowest level in recent quarters and a decline of 185 basis points from the prev..."
      },
      {
        "title": "Indian Toners & Developers Q2 FY26: Margin Compression Clouds Profit Growth Story",
        "link": "https://www.marketsmojo.com/news/result-analysis/indian-toners-developers-q2-fy26-margin-compression-clouds-profit-growth-story-3686705",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/IndianTonersDev_quaterlyResult_3686705.png",
        "date": "2025-11-10 18:04:49",
        "description": "Indian Toners and Developers Limited, India's largest manufacturer and exporter of compatible toners for laser printers and digital machines, has delivered a mixed performance in Q2 FY26, with the company grappling with margin pressures despite posting respectable profit growth. The micro-cap specialty chemicals player, commanding a market capitalisation of ₹291.00 crores, currently trades at ₹273.10, reflecting a modest 1.15% gain as investors digest the quarterly results that reveal underlying operational challenges."
      }
    ],
    "total": 68,
    "sid": "648422",
    "stock_news_url": "https://www.marketsmojo.com/news/indian-toners-developers-648422"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "25-Nov-2025",
      "details": "Indian Toners & Developers Limited has submitted to BSE Limited letter reg. clippings of newspapers publishing therein notice of opening of special window for re-lodgement of transfer request of physical shares. (Letter attached)",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "12-Nov-2025",
      "details": "Indian Toners & Developers Limited has submitted to BSE Limited letter sending therein clippings of newspapers publishing Extract of Unaudited Financial Results for the quarter and half year ended 30.09.2025. (Letter attached)",
      "source": "BSE"
    },
    {
      "caption": "Unaudited Financial Results",
      "datetime": "10-Nov-2025",
      "details": "Indian Toners & Developers Limited has submitted to BSE Limited UFR & LRR. Letter attached",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Indian Toners & Developers Ltd has declared <strong>60%</strong> dividend, ex-date: 14 Nov 25",
          "dt": "2025-11-14",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Indian Toners Sees Revision in Market Evaluation Amid Mixed Financial Signals

2025-12-03 11:08:25

Indian Toners has experienced a revision in its market evaluation, reflecting a nuanced shift in its financial and technical outlook. This adjustment comes as the company navigates a complex landscape marked by solid operational fundamentals yet subdued stock performance within the specialty chemicals sector.

Read More

Why is Indian Toners falling/rising?

2025-11-26 01:12:25

Recent Price Movement and Relative Performance

Indian Toners has experienced a notable decline over the past week, with its share price dropping by 2.30%, significantly underperforming the Sensex, which remained nearly flat with a marginal 0.10% gain. Over the last month, the stock has fallen 4.12%, contrasting with the Sensex's modest 0.45% rise. Year-to-date figures reveal a more pronounced divergence, with Indian Toners down 12.78% while the benchmark index has advanced 8.25%. Even over a one-year horizon, the stock has declined by 10.07%, whereas the Sensex has appreciated by 5.59%. These figures highlight a persistent underperformance trend for Indian Toners relative to the broader market.

Technical Indicators and Trading Patterns

Technical...

Read More

Is Indian Toners overvalued or undervalued?

2025-11-17 08:08:42

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. 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 opportun...

Read More

Is Indian Toners overvalued or undervalued?

2025-11-16 08:08:13

As of 14 November 2025, the valuation grade for Indian Toners has moved from attractive to very attractive. The company is currently assessed as undervalued, supported by a PE ratio of 10.45, an EV to EBITDA of 5.61, and a PEG ratio of 0.63. These metrics indicate that the company is trading at a significant discount compared to its peers in the specialty chemicals sector. In comparison, Sudarshan Chemicals has a PE ratio of 134.12, while Meghmani Organics stands at 46.28, highlighting the relative undervaluation of Indian Toners. Additionally, the company's return on capital employed (ROCE) is a strong 22.21%, further reinforcing its attractiveness. Despite recent stock performance lagging behind the Sensex over the past year, the long-term growth of 100.42% over five years suggests robust potential for future appreciation....

Read More

Is Indian Toners overvalued or undervalued?

2025-11-15 08:08:38

As of 14 November 2025, the valuation grade for Indian Toners has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company is currently considered undervalued, with a PE ratio of 10.45, an EV to EBITDA ratio 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. 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. Additionally, the company's ROCE of 22.21% and ROE of 12.25% further underscore its operational efficiency relative to the industry. Despite recent underperformance against the Sensex, with a year-to-date return of -10.22% compared to the index's 8.22%, the fundamentals suggest that Indian Toners offers substantial upside p...

Read More

Has Indian Toners declared dividend?

2025-11-12 23:31:35

Indian Toners & Developers Ltd has declared a 60% dividend. Dividend Details: - Percentage announced: 60% - Ex-date: 14 Nov 25 Dividend Yield: 1.67% Total Returns by Period: 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%. 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%. 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%. 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%. 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%. 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%. In the 5-year p...

Read More

How has been the historical performance of Indian Toners?

2025-11-12 23:19:47

Answer: 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. Breakdown: 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...

Read More

Are Indian Toners latest results good or bad?

2025-11-11 19:36:45

Indian Toners' latest financial results for Q2 FY26 reveal a complex operational landscape characterized by both stability in net sales and challenges in profitability. The company reported net sales of ₹38.84 crores, reflecting a marginal sequential growth of 0.09% from the previous quarter and a year-on-year increase of 1.46%. This indicates a degree of resilience in revenue generation despite broader market pressures. However, the profitability metrics present a more concerning picture. Net profit for the quarter was ₹5.61 crores, which represents a decline of 6.32% quarter-on-quarter and 6.34% year-on-year. This profit erosion, occurring alongside relatively stable revenues, highlights significant margin pressures that the company is currently facing. The operating margin, excluding other income, fell to 18.74%, marking the lowest level in recent quarters and a decline of 185 basis points from the prev...

Read More

Indian Toners & Developers Q2 FY26: Margin Compression Clouds Profit Growth Story

2025-11-10 18:04:49

Indian Toners and Developers Limited, India's largest manufacturer and exporter of compatible toners for laser printers and digital machines, has delivered a mixed performance in Q2 FY26, with the company grappling with margin pressures despite posting respectable profit growth. The micro-cap specialty chemicals player, commanding a market capitalisation of ₹291.00 crores, currently trades at ₹273.10, reflecting a modest 1.15% gain as investors digest the quarterly results that reveal underlying operational challenges.

Read More

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