Manufactures specialty chemicals at a Dahej, Gujarat facility — primarily alkoxylation and ethoxylation products — serving oilfield, textile and agrochemical customers. Dai-Ichi Karkaria also runs an Indian Oilfield joint venture with ChampionX that recorded strong offtake in FY26. The Dahej site runs its Alkoxylation plant at ~95% utilisation, with capacity of about 5,000 MT per annum being doubled to 10,000 MT for an outlay of Rs 10 crore funded from internal accruals. During FY26 it added an ethylene oxide reactor at Dahej and commissioned a dedicated agrochemical application laboratory. Revenue for FY26 was Rs 161.3 crore, down about 11% year-on-year, and raw materials accounted for 65.2% of that revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Oilfield chemicals, Textile chemicals, Agrochemicals, Alkoxylation / ethoxylation products. Small specialty chemicals manufacturer with cyclical exposure to oilfield, textile and agrochemical end markets
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 122 | 184 | 132 | 181 | 161 |
| EBITDA (ex other income) | (14) | 26 | 27 | 16 | 3 |
| margin % | (11.8) | 14.2 | 20.4 | 8.8 | 2.0 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (24.20) | 26.94 | 18.65 | 12.11 | 0.99 |
| ROE % · ROCE % | (12.0) · (10.7) | 11.8 · 13.3 | 7.7 · 11.7 | 4.8 · 5.4 | (0.4) · (1.2) |
| Debt / equity (x) | 0.14 | 0.22 | 0.10 | 0.07 | 0.07 |
| Cash from operations | (3) | 23 | 10 | 16 | 5 |
| Capex | (11) | (36) | (6) | (3) | (9) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 37 | 41 | 70 | 39 | 43 | 38 | 41 |
| Profit before tax | (0) | (0) | 3 | 7 | (1) | 1 | (2) | (1) |
| Net profit | 0 | (0) | 3 | 6 | 0 | 0 | (1) | 0 |
| EPS (₹) | 0.57 | (0.30) | 3.52 | 8.32 | 0.03 | 0.01 | 1.15 | 0.11 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,59,479 | 60.2 | 14.43 | 42.3 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 73,583 | 34.0 | 5.24 | 22.7 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 52,514 | 85.7 | 6.64 | 41.5 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,836 | 55.4 | 11.03 | 39.5 | 16.7 | 16.4 | 23.0 | 37.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 27 Aug 2026 · 66th AGM: All 6 resolutions passed, Rs 1.50 dividend declared | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Scrutinizer's report: 66th AGM resolutions passed with 100% approval | compliance | minimal | — | — |
| 14 Aug 2026 · Dai-ichi Karkaria publishes Q1 FY26-27 results in newspapers | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY26-27 results: revenue up 47% YoY at Rs 57.84 cr, beats budget | investor communications | medium | — | — |
| 13 Aug 2026 · Q1 FY27 results show strong revenue and profit growth | results | high | — | — |
| 13 Aug 2026 · Dai-ichi Karkaria Q1 FY27 profit jumps 178% on strong revenue growth | results | high | — | — |
| 5 Aug 2026 · Board meeting on Aug 13, 2026 to approve Q1 FY27 results | results | low | — | — |
| 1 Aug 2026 · 66th AGM notice, e-voting info and 15% final dividend declared | compliance | minimal | — | — |
| 31 Jul 2026 · 66th AGM notice and FY25-26 annual report communication sent to shareholders | compliance | minimal | — | — |
| 31 Jul 2026 · 66th AGM on Aug 27, dividend Rs 1.50 per share, related party deals | board shareholder meetings | 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 |
| AETHER INDUSTRIES LIMITED |
| 22,229 |
| 94.3 |
| 9.05 |
| 60.4 |
| 8.9 |
| 11.4 |
| — |
| 33.8 |
| DEEPAK NITRITE LTD | 21,769 | 27.8 | 3.71 | 22.4 | 9.4 | 10.2 | 12.6 | 21.5 |
| ATUL LTD | 18,401 | 23.1 | 2.92 | 14.9 | 10.9 | 13.3 | 10.9 | 23.1 |
| AARTI INDUSTRIES LTD | 17,846 | 33.6 | 3.00 | 18.8 | 7.0 | 4.4 | 13.0 | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 259.3 | 23.4 | 99 of 103 | 4% |
| P/B | 1.4 | 2.9 | 17 of 99 | 83% |
| ROCE | (1.7) | 10.3 | 100 of 108 | 8% |
| ROE | (0.4) | 8.1 | 91 of 101 | 10% |
| Debt / Equity | 0.1 | 0.2 | 43 of 101 | 58% |
| EBITDA margin | 4.5 | 15.5 | 90 of 99 | 9% |
| Revenue growth | (41.1) | 24.4 | 93 of 94 | 1% |
| Profit growth | (98.5) | 55.1 | 88 of 92 | 4% |
| Market cap | 251 | 732 | 69 of 107 | 36% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| 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.
