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Gem Aromatics Limited
(GEMAROMA)
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Rating:42Neutral
Price Target:
₹132.00
▼(-24.83% Downside)
Action:Reiterated
Date:09/16/26
The score is primarily weighed down by weak financial quality—especially persistently negative free cash flow and very thin net profitability—despite improved leverage and solid revenue growth. Technical indicators also remain bearish with the stock trading below key moving averages and negative MACD. Valuation is constrained by a negative P/E and no disclosed dividend yield.
Positive Factors
Revenue Growth
FY2026 revenue growth of 25.6% indicates meaningful expansion in the reported business base. If sustained, this scale can support operating leverage and provide a stronger platform for future earnings, although the current evidence does not establish how durable the growth will be.
Negative Factors
Negative Free Cash Flow
Deeply negative free cash flow in both FY2025 and FY2026, worsening in FY2026, is a persistent funding weakness. Cash deficits can constrain investment flexibility and increase reliance on external funding or balance-sheet capacity to finance working capital and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
FY2026 revenue growth of 25.6% indicates meaningful expansion in the reported business base. If sustained, this scale can support operating leverage and provide a stronger platform for future earnings, although the current evidence does not establish how durable the growth will be.
Read all positive factors
Gem Aromatics Limited (GEMAROMA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.16B
Dividend YieldN/A
Average Volume (3M)3.83K
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees251
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)-2.77
Shares Outstanding52,237,137
10 Day Avg. Volume3,006
30 Day Avg. Volume3,825
Financial Highlights & Ratios
PEG Ratio-5.05
Price to Book (P/B)1.56
Price to Sales (P/S)1.92
P/FCF Ratio-9.03
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)10.8
Revenue Forecast (FY)₹6.26B
Gem Aromatics Limited Business Overview & Revenue Model
Company Description
Based in Mumbai, India, Gem Aromatics Limited, established in 1997, operates as a global producer and distributor of a wide array of specialized aromatic compounds. The firm's product catalog features a comprehensive selection of mint derivatives,...
Gem Aromatics Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.78B | 3.66B | 4.95B | 4.46B | 4.19B | 3.11B |
| Gross Profit | 366.38M | 513.22M | 905.00M | 1.01B | 968.67M | 691.69M |
| EBITDA | 290.75M | 407.52M | 82.37M | 799.35M | 659.19M | 513.61M |
| Net Income | -144.35M | 14.25M | 533.84M | 501.04M | 446.72M | 311.86M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.42B | 5.35B | 3.69B | 2.96B | 2.40B |
| Cash, Cash Equivalents and Short-Term Investments | 81.49M | 159.42M | 11.31M | 280.84M | 105.73M | 64.98M |
| Total Debt | 0.00 | 1.52B | 2.27B | 1.12B | 902.01M | 781.23M |
| Total Liabilities | -4.50B | 1.92B | 2.52B | 1.38B | 1.16B | 1.02B |
| Stockholders Equity | 4.50B | 4.50B | 2.84B | 2.31B | 1.80B | 1.38B |
Cash Flow | ||||||
| Free Cash Flow | -457.24M | -777.51M | -1.30B | 9.89M | 9.25M | -193.89M |
| Operating Cash Flow | 212.11M | 173.55M | -249.16M | 401.31M | 153.05M | -52.03M |
| Investing Cash Flow | -667.74M | -1.02B | -925.37M | -510.50M | -143.58M | -140.14M |
| Financing Cash Flow | 777.53M | 900.63M | 1.03B | 153.60M | 64.37M | 180.94M |
Gem Aromatics Limited Technical Analysis
Negative
175.60
Price Trends
155.68
Negative
169.76
Negative
169.28
Negative
Market Momentum
-5.38
Positive
35.06
Neutral
39.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GEMAROMA, the sentiment is Negative. The current price of 175.6 is above the 20-day moving average (MA) of 145.14, above the 50-day MA of 155.68, and above the 200-day MA of 169.28, indicating a bearish trend. The MACD of -5.38 indicates Positive momentum. The RSI at 35.06 is Neutral, neither overbought nor oversold. The STOCH value of 39.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GEMAROMA.
Gem Aromatics Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹8.68B | 10.73 | ― | 0.42% | 13.23% | 22.22% | |
57 Neutral | ₹11.77B | 21.82 | ― | 0.99% | 1.41% | 946.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹6.34B | 15.85 | ― | 0.98% | 49.58% | 43.22% | |
43 Neutral | ₹300.78M | -10.44 | ― | 0.37% | ― | 56.50% | |
43 Neutral | ₹1.22B | 50.02 | ― | 5.35% | 84.25% | ― | |
42 Neutral | ₹7.16B | -49.47 | ― | ― | ― | ― |
* General Sector Average
IN:GEMAROMA
Gem Aromatics Limited
137.00
-85.75
-38.50%
IN:DMCC
DMCC Speciality Chemicals Limited
254.25
-45.46
-15.17%
IN:INDOAMIN
Indo Amines Limited
119.55
-12.92
-9.75%
IN:SEYAIND
Seya Industries Ltd.
11.32
-10.73
-48.66%
IN:VALIANTORG
Valiant Organics Limited
419.85
114.85
37.66%
IN:ISHANCH
Ishan Dyes and Chemicals Limited
44.68
-28.65
-39.07%
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.