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Bodal Chemicals Limited (BODALCHEM) AI Stock Analysis

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IN:BODALCHEM

Bodal Chemicals Limited

(NSE:BODALCHEM)

Select Model
Rating:56.5Neutral
Price Target:INR 154.00â–¼(-6.50% Downside)
Action:reiterated
Date:09/09/26

The score is driven primarily by improving but still uneven financial performance (cyclical margins, meaningful leverage, and historically inconsistent free cash flow despite FY2026 improvement). Technicals are supportive due to a strong uptrend, but extremely overbought readings temper the outlook. Valuation is a headwind given the elevated P/E and no dividend yield data.

Positive Factors
Revenue growth trendTwo consecutive years of revenue growth indicate recovering demand or improved realizations across the company’s chemical markets. Continued top-line expansion can support better capacity utilization, strengthen customer reach, and provide a durable base for rebuilding earnings over the next several quarters.
Negative Factors
Meaningful leverageDebt remains substantial relative to the company’s equity base and has increased over the periods shown. This leverage can constrain financial flexibility, raise debt-servicing requirements, and make the business more sensitive to earnings volatility while limiting resources available for growth investment.

Bodal Chemicals Limited (BODALCHEM) vs. iShares MSCI India ETF (INDA)

-50%0%50%100%150%200%250%IN:BODALCHEM+170.00%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 20.72B
Dividend Yield
―
Average Volume (3M)
178.68K
Price to Earnings (P/E)
30.2
Beta (1Y)
1.19
Revenue Growth
27.57%
EPS Growth
135.05%
Country
India
Employees
2,133
Sector
General
Sector Strength
55
Industry
Chemicals - Specialty

Bodal Chemicals Limited Business Overview & Revenue Model

Company Description

Bodal Chemicals Limited, an Indian enterprise, produces and supplies a range of chemicals, including dyestuffs, dye intermediates, and various other chemical products. Its comprehensive portfolio of dye intermediates features key compounds such as vi...

Bodal Chemicals Limited Financial Statement Overview

Summary

Operational performance is improving but still inconsistent. Revenue rebounded strongly in FY2025 (+25.1%) and grew again in FY2026 (+10.0%), with net income rising to 478.3M in FY2026 from 185.0M in FY2025; however, earnings remain below the FY2022 peak and margins have swung materially across years. Leverage is meaningful (debt 8.13B vs equity 11.58B) and cash generation has been volatile, with free cash flow negative in multiple years despite a solid positive FY2026 (743.4M).

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

48Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue22.67B20.12B17.45B13.95B15.63B20.27B
Gross Profit8.19B7.04B6.76B1.68B6.70B5.42B
EBITDA2.07B1.68B1.69B1.19B1.45B2.16B
Net Income686.74M478.28M185.02M64.69M380.33M1.04B
Balance Sheet
Total Assets023.56B23.53B22.88B21.21B21.22B
Cash, Cash Equivalents and Short-Term Investments212.87M168.45M360.60M462.50M225.87M93.95M
Total Debt08.13B9.11B8.47B6.98B5.76B
Total Liabilities-11.58B11.98B12.48B12.06B10.43B10.70B
Stockholders Equity11.58B11.58B11.05B10.82B10.78B10.56B
Cash Flow
Free Cash Flow587.21M743.38M-83.36M-407.19M-528.49M-1.73B
Operating Cash Flow778.82M1.10B381.14M2.04B2.85B-135.20M
Investing Cash Flow75.41M-13.37M-424.34M-2.62B-3.10B-1.70B
Financing Cash Flow-920.92M-1.14B76.36M809.81M326.55M1.81B

Bodal Chemicals Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price164.70

Price Trends

50DMA157.04Positive
100DMA111.74Positive
200DMA84.71Positive

Market Momentum

MACD-3.85Positive
RSI52.44Neutral
STOCH63.93Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BODALCHEM, the sentiment is Positive. The current price of 164.70 is below the 20-day moving average (MA) of 165.46, above the 50-day MA of 157.04, and above the 200-day MA of 84.71, indicating a neutral trend. The MACD of -3.85 indicates Positive momentum. The RSI at 52.44 is Neutral, neither overbought nor oversold. The STOCH value of 63.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BODALCHEM.

Bodal Chemicals Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:BODALCHEM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:FCLIN:FCL69NeutralINR 56.58B40.33―0.27%91.44%19.67%
IN:ROSSARIIN:ROSSARI65NeutralINR 22.12B14.48―0.13%19.76%11.74%
IN:BODALCHEMIN:BODALCHEM57NeutralINR 20.74B30.19――27.57%135.05%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SUDARSCHEMIN:SUDARSCHEM46NeutralINR 78.99B108.61―0.96%90.13%-6.80%
IN:CAMLINFINEIN:CAMLINFINE30UnderperformINR 16.15B323.46――8.40%―

* General Sector Average

Performance Comparison

0%100%200%IN:BODALCHEMIN:CAMLINFINEIN:FCLIN:SUDARCOLORIN:ROSSARIIN:SUDARSCHEMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:BODALCHEM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:BODALCHEMBodal Chemicals Limited164.70102.36164.20%
IN:CAMLINFINECamlin Fine Sciences Limited84.05-115.70-57.92%
IN:FCLFineotex Chemical Limited48.5916.5551.67%
IN:SUDARCOLORHeubach Colorants India Limited370.95-146.90-28.37%
IN:ROSSARIRossari Biotech Ltd399.25-242.58-37.79%
IN:SUDARSCHEMSudarshan Chemical Industries Limited992.15-150.79-13.19%

Bodal Chemicals Limited Corporate Events

Bodal Chemicals Closes Insider Trading Window Ahead of September Results

Sep 29, 2026

Bodal Chemicals Limited, a chemicals sector company listed on BSE and NSE, manufactures and trades chemical products for industrial customers while maintaining an active presence on India’s major stock exchanges. Its operations and disclosure p...

Bodal Chemicals Denies Social Media Rumours of Merger Plan

Sep 14, 2026

Bodal Chemicals Limited has issued a clarification denying social media posts claiming that the company has announced a merger with a private entity to expand operations and enhance market presence. Management stated that no such amalgamation is unde...

Bodal Chemicals Sets Virtual AGM to Approve FY26 Accounts and Board Changes

Aug 31, 2026

Bodal Chemicals Limited has scheduled its 40th Annual General Meeting for September 25, 2026, to be conducted via video conferencing and other audio-visual means in line with regulatory allowances for virtual meetings. The company is distributing the...

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.

Date of analysis: Sep 09, 2026