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Bodal Chemicals Limited
(BODALCHEM)
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Rating:57Neutral
Price Target:
₹204.00
▲(277.36% Upside)
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
Sustained Revenue Growth
Revenue growth across two consecutive fiscal years indicates improving demand or realizations in the company’s dyes and dye-intermediates businesses. Continued top-line expansion can support better capacity utilization, strengthen customer relationships, and provide a foundation for earnings recovery over the next several quarters.
Negative Factors
Meaningful Leverage
Meaningful and rising debt increases the company’s financial obligations and can limit flexibility if chemical demand or profitability weakens. Leverage may also direct more operating cash toward servicing borrowings, reducing funds available for expansion, resilience, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue growth across two consecutive fiscal years indicates improving demand or realizations in the company’s dyes and dye-intermediates businesses. Continued top-line expansion can support better capacity utilization, strengthen customer relationships, and provide a foundation for earnings recovery over the next several quarters.
Read all positive factors
Bodal Chemicals Limited (BODALCHEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.53B
Dividend Yield0.13%
Average Volume (3M)333.14K
Price to Earnings (P/E)33.8
Beta (1Y)1.21
Revenue Growth27.57%
EPS Growth135.05%
CountryIN
Employees2,133
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.45
Shares Outstanding125,944,060
10 Day Avg. Volume116,476
30 Day Avg. Volume333,138
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.56
Price to Sales (P/S)0.32
P/FCF Ratio8.67
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)7.1
Revenue Forecast (FY)₹22.23B
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...
How the Company Makes Money
Bodal Chemicals makes money by manufacturing and selling chemical products, with revenue primarily derived from (1) dyes and (2) dye intermediates. In this model, the company earns sales income by supplying finished dyes (used by customers such as...
Bodal Chemicals Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.67B | 20.12B | 17.45B | 13.95B | 15.63B | 20.27B |
| Gross Profit | 8.19B | 7.04B | 6.76B | 1.68B | 6.70B | 5.42B |
| EBITDA | 2.07B | 1.68B | 1.69B | 1.19B | 1.45B | 2.16B |
| Net Income | 686.74M | 478.28M | 185.02M | 64.69M | 380.33M | 1.04B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 23.56B | 23.53B | 22.88B | 21.21B | 21.22B |
| Cash, Cash Equivalents and Short-Term Investments | 212.87M | 168.45M | 360.60M | 462.50M | 225.87M | 93.95M |
| Total Debt | 0.00 | 8.13B | 9.11B | 8.47B | 6.98B | 5.76B |
| Total Liabilities | -11.58B | 11.98B | 12.48B | 12.06B | 10.43B | 10.70B |
| Stockholders Equity | 11.58B | 11.58B | 11.05B | 10.82B | 10.78B | 10.56B |
Cash Flow | ||||||
| Free Cash Flow | 587.21M | 743.38M | -83.36M | -407.19M | -528.49M | -1.73B |
| Operating Cash Flow | 778.82M | 1.10B | 381.14M | 2.04B | 2.85B | -135.20M |
| Investing Cash Flow | 75.41M | -13.37M | -424.34M | -2.62B | -3.10B | -1.70B |
| Financing Cash Flow | -920.92M | -1.14B | 76.36M | 809.81M | 326.55M | 1.81B |
Bodal Chemicals Limited Technical Analysis
Positive
54.06
Price Trends
128.16
Positive
97.60
Positive
76.12
Positive
Market Momentum
16.72
Positive
58.23
Neutral
21.50
Neutral
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 54.06 is below the 20-day moving average (MA) of 187.01, below the 50-day MA of 128.16, and below the 200-day MA of 76.12, indicating a neutral trend. The MACD of 16.72 indicates Positive momentum. The RSI at 58.23 is Neutral, neither overbought nor oversold. The STOCH value of 21.50 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹68.93B | 48.17 | ― | 0.22% | 91.44% | 19.67% | |
61 Neutral | ₹98.65B | 133.76 | ― | 0.77% | 90.13% | -6.80% | |
57 Neutral | ₹23.66B | 15.54 | ― | 0.12% | 19.47% | 11.49% | |
57 Neutral | ₹23.53B | 33.79 | ― | 0.13% | 27.57% | 135.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹18.23B | 363.54 | ― | 0.47% | 8.40% | ― |
* General Sector Average
IN:BODALCHEM
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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 disclosur...
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 u...
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 ...
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.