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AksharChem India Ltd.
(AKSHARCHEM)
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Rating:50Neutral
Price Target:
₹377.00
▲(56.72% Upside)
Action:Reiterated
Date:09/08/26
The score is primarily constrained by weak financial performance, led by FY2026 margin/earnings deterioration and negative operating/free cash flow, with a secondary risk from higher debt. Technicals are supportive due to a strong uptrend, but very overbought momentum readings raise pullback risk. Valuation is only moderate and the dividend yield offers little downside support.
Positive Factors
Specialty chemical product focus
A focused position in dyes and dye intermediates gives the company an established role in industrial and textile-chemical value chains. This specialized product base can support ongoing customer relevance and provides a platform for serving both domestic and export markets over the medium term.
Negative Factors
FY2026 margin and earnings deterioration
The move to a slight net loss and sharp margin compression weakens earnings visibility and demonstrates that recent sales have not translated into dependable profitability. Unless margins recover, the business may have less capacity to fund investment, absorb cost pressure, or strengthen its balance sheet internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialty chemical product focus
A focused position in dyes and dye intermediates gives the company an established role in industrial and textile-chemical value chains. This specialized product base can support ongoing customer relevance and provides a platform for serving both domestic and export markets over the medium term.
Read all positive factors
AksharChem India Ltd. (AKSHARCHEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.03B
Dividend Yield0.13%
Average Volume (3M)3.16K
Price to Earnings (P/E)21.5
Beta (1Y)1.26
Revenue Growth16.52%
EPS Growth224.79%
CountryIN
Employees211
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.54
Shares Outstanding8,033,099
10 Day Avg. Volume1,993
30 Day Avg. Volume3,161
Financial Highlights & Ratios
PEG Ratio2.42
Price to Book (P/B)0.44
Price to Sales (P/S)0.31
P/FCF Ratio-2.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AksharChem India Ltd. Business Overview & Revenue Model
Company Description
AksharChem (India) Limited is an Indian enterprise primarily engaged in the production and sale of dyes and pigments. Their product catalog features an array of dye intermediates, specifically H-acid, vinyl sulphone, ortho anicidine vinyl sulphone...
How the Company Makes Money
AksharChem makes money primarily by manufacturing and selling specialty chemical products—mainly dyes and dye intermediates—to customers (typically other industrial manufacturers such as dye makers and textile-chemical value chain participants). R...
AksharChem India Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.72B | 3.46B | 3.02B | 3.35B | 3.68B |
| Gross Profit | 666.42M | 955.94M | 1.18B | 217.93M | 435.60M |
| EBITDA | 189.01M | 248.34M | 19.48M | 155.64M | 317.97M |
| Net Income | -4.39M | 47.70M | -186.77M | -9.42M | 159.15M |
Balance Sheet | |||||
| Total Assets | 4.52B | 4.15B | 3.81B | 3.65B | 4.06B |
| Cash, Cash Equivalents and Short-Term Investments | 17.42M | 1.44M | 1.60M | 17.79M | 3.82M |
| Total Debt | 1.08B | 667.67M | 518.21M | 246.25M | 502.73M |
| Total Liabilities | 1.90B | 1.52B | 1.21B | 868.84M | 1.26B |
| Stockholders Equity | 2.62B | 2.64B | 2.59B | 2.78B | 2.80B |
Cash Flow | |||||
| Free Cash Flow | -409.92M | -93.80M | -234.00M | 290.18M | -206.19M |
| Operating Cash Flow | -50.36M | 348.23M | -65.55M | 379.21M | 43.06M |
| Investing Cash Flow | -359.50M | -440.29M | -164.03M | -84.03M | -237.84M |
| Financing Cash Flow | 409.95M | 91.91M | 229.71M | -295.11M | 181.78M |
AksharChem India Ltd. Technical Analysis
Neutral
240.55
Price Trends
332.17
Positive
274.76
Positive
243.15
Positive
Market Momentum
12.79
Positive
50.01
Neutral
30.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKSHARCHEM, the sentiment is Neutral. The current price of 240.55 is below the 20-day moving average (MA) of 406.72, below the 50-day MA of 332.17, and below the 200-day MA of 243.15, indicating a neutral trend. The MACD of 12.79 indicates Positive momentum. The RSI at 50.01 is Neutral, neither overbought nor oversold. The STOCH value of 30.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:AKSHARCHEM.
AksharChem India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹2.47B | 16.81 | ― | 1.07% | -26.36% | -55.59% | |
62 Neutral | ₹2.75B | 18.04 | ― | 1.55% | 3.55% | -21.35% | |
62 Neutral | ₹2.46B | 13.42 | ― | 0.13% | 12.41% | 51.78% | |
61 Neutral | ₹2.74B | 13.52 | ― | 0.68% | -2.95% | 18.30% | |
60 Neutral | ₹1.98B | 8.83 | ― | 0.74% | 17.48% | 48.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹3.03B | 21.50 | ― | 0.13% | 16.52% | 224.79% |
* General Sector Average
IN:AKSHARCHEM
AksharChem India Ltd.
377.00
106.43
39.33%
IN:CHEMBOND
Chembond Chemicals Limited
183.85
5.74
3.22%
IN:DYNPRO
Dynemic Products Limited
220.60
-121.22
-35.46%
IN:PODDARMENT
Poddar Pigments Limited
259.25
-2.66
-1.02%
IN:SIGIND
Signet Industries Limited
67.40
15.81
30.64%
IN:SRD
Shankar Lal Rampal Dye-Chem Ltd.
38.42
-26.72
-41.02%
AksharChem India Ltd. Corporate Events
AksharChem Closes Trading Window Ahead of September Quarter Results
Sep 28, 2026
AksharChem India Ltd. has announced the closure of its trading window for designated persons and their immediate relatives from October 1, 2026, in line with SEBI (Prohibition of Insider Trading) Regulations, 2015 and its internal code of conduct ...
Aksharchem Sets AGM Date, Dividend Record and Special Window for Share Transfers
Aug 30, 2026
Aksharchem (India) Limited has announced that its 37th Annual General Meeting will be held on September 22, 2026, at its registered office in Mahesana, Gujarat, with the AGM notice and annual report for FY 2025-26 already dispatched electronically...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.