Manufactures dyes and pigments, classified under the chemicals & petrochemicals industry. The company operates a manufacturing facility at Dahej, Gujarat, including a 'VS Plant' that suffered a fire in May 2024, and runs a second plant referenced in connection with that incident. FY26 revenue from operations stood at Rs. 372.43 crore, up 7.56% from Rs. 34,627 lakh in FY25, but the year ended with a small net loss of Rs. 43.86 lakh against a profit of Rs. 477.04 lakh in FY25, hurt by the fire-related impact and recognised exceptional items (insurance claim settlement of Rs. 169.61 lakh). Q4 FY26 alone swung to a profit after tax of Rs. 483.50 lakh on total income of Rs. 10,578.66 lakh. The cost base is dominated by raw materials at 55.2% of revenue, followed by other operating expenses at 31.8%, depreciation at 4.4% and employee cost at 3.7%. To power its factories with captive renewable energy, the company commissioned a 5.19 MWp solar plant at Makdala in November 2025 and an additional 2.4 MWp DC / 1.75 MWp AC ground-mounted solar plant at Sardarpura, Bharuch (solar generation started April 24, 2026). The Board recommended a final dividend of Rs. 0.50 per equity share for FY26, subject to shareholder approval. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Dyes and pigments manufacturing. Asset-heavy specialty chemicals manufacturer (dyes and pigments) with captive solar power; FY26 was marginally loss-making after fire-related exceptional items
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 380 | 335 | 302 | 346 | 372 |
| EBITDA (ex other income) | 32 | 15 | 1 | 25 | 19 |
| margin % | 8.3 | 4.6 | 0.5 | 7.2 | 5.0 |
| Owners' profit | 16 | (1) | (19) | 5 | (0) |
| EPS, as reported (₹) | 19.50 | (1.17) | (23.25) | 5.94 | (0.55) |
| ROE % · ROCE % | 5.7 · 6.3 | (0.3) · 0.9 | (7.2) · (4.0) | 1.8 · 3.7 | (0.2) · 0.8 |
| Debt / equity (x) | 0.18 | 0.09 | 0.20 | 0.25 | 0.41 |
| Cash from operations | 4 | 38 | (7) | 35 | 2 |
| Capex | (25) | (9) | (17) | (44) | (36) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79 | 91 | 91 | 97 | 89 | 80 | 106 | 141 |
| Profit before tax | 1 | 2 | 1 | 1 | (1) | (3) | (1) | 16 |
| Net profit | 1 | 1 | 1 | 1 | (1) | (5) | 5 | 15 |
| EPS (₹) | 1.30 | 1.48 | 1.73 | 0.89 | (1.70) | (5.75) | 6.02 | 18.94 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUDARSHAN CHEMICAL INDS L | 9,898 | 136.8 | 2.57 | 17.3 | 1.1 | 1.9 | 39.3 | 10.5 |
| KIRI INDUSTRIES LIMITED | 3,483 | 0.6 | 0.54 | 0.5 | 86.4 | 86.1 | (2.6) | 96.6 |
| SHRE PUSH CHEM & FERT LTD | 1,576 | 21.9 | 2.58 | 15.1 | 11.5 | 12.5 | 22.4 | 13.1 |
| BHAGERIA INDUSTRIES LTD | 1,389 | 20.1 | 2.34 | 15.2 | 7.5 | 8.6 | 16.8 | 20.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 30 Aug 2026 · Aksharchem 37th AGM Sep 22; Rs 0.50 dividend; record date Sep 15 | compliance | minimal | — | — |
| 29 Aug 2026 · 37th AGM on Sep 22, 2026; Rs 0.50 dividend recommended | compliance | minimal | — | — |
| 29 Aug 2026 · Record date set at September 15, 2026 for final dividend | corporate actions | medium | — | — |
| 29 Aug 2026 · Aksharchem India files FY26 Annual Report; revenue up 7.5%, small net loss | compliance | low | — | — |
| 29 Aug 2026 · Notice of 37th AGM on September 22, 2026 with final dividend | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Q1 FY27 Results: Revenue up 45% YoY, PAT jumps to Rs 15.2 cr | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 profit jumps to Rs 15.21 cr on 45% revenue growth | results | high | — | — |
| 12 Aug 2026 · Aksharchem Q1 FY27: Revenue up 45%, PAT jumps to Rs 15.21 cr | results | high | — | — |
| 11 Aug 2026 · GM Accounts Sunil Rane retires from Aksharchem | management changes | low | — | — |
| 4 Aug 2026 · Board meeting on Aug 12, 2026 to consider Q1 FY27 results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| ULTRAMARINE & PIGMENTS L | 1,241 | 15.3 | 1.43 | 9.5 | 9.3 | 11.1 | 20.2 | 13.8 |
| SUDARSHAN COLORNT IND LTD | 871 | 18.2 | 1.53 | — | 7.8 | 9.6 | — | 14.8 |
| ASAHI SONGWON COLOR LTD | 430 | 12.3 | 1.44 | 10.1 | 6.0 | 7.0 | 13.6 | 17.3 |
| AKSHARCHEM INDIA LIMITED ◆ | 341 | 24.3 | 1.31 | — | (0.2) | (1.5) | — | 16.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.3 | 19.8 | 8 of 10 | 22% |
| P/B | 1.3 | 1.5 | 3 of 10 | 78% |
| ROCE | (1.5) | 7.8 | 10 of 10 | 0% |
| ROE | (0.2) | 6.7 | 10 of 10 | 0% |
| Debt / Equity | 0.4 | 0.2 | 7 of 10 | 33% |
| EBITDA margin | 16.1 | 14.3 | 4 of 10 | 67% |
| Revenue growth | 45.3 | 7.8 | 3 of 10 | 78% |
| Profit growth | 2039.6 | 53.6 | 2 of 10 | 89% |
| Market cap | 341 | 1056 | 8 of 10 | 22% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
