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Ishan Dyes and Chemicals Limited
(ISHANCH)
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Rating:43Neutral
Price Target:
₹48.00
▼(-5.88% Downside)
Action:Reiterated
Date:08/27/26
The score is held down primarily by weak financial performance (FY2026 loss and persistently negative free cash flow alongside rising debt) and a bearish technical setup (price below key moving averages with negative MACD). Valuation provides limited offset because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Prior Revenue Scaling
The company demonstrated an ability to scale revenue materially in FY2024–FY2025, indicating that its dyes and dye intermediates business can capture demand when operating conditions are supportive. This provides a foundation for recovery if execution and profitability improve.
Negative Factors
FY2026 Profitability Collapse
The sharp move from prior-year profits to a large FY2026 net loss and negative operating profit signals substantial earnings deterioration. Persistent weakness would reduce internal funding capacity, impair reinvestment flexibility, and make a near-term recovery in shareholder returns more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Prior Revenue Scaling
The company demonstrated an ability to scale revenue materially in FY2024–FY2025, indicating that its dyes and dye intermediates business can capture demand when operating conditions are supportive. This provides a foundation for recovery if execution and profitability improve.
Read all positive factors
Ishan Dyes and Chemicals Limited (ISHANCH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.35B
Dividend Yield5.35%
Average Volume (3M)2.13K
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue Growth84.25%
EPS GrowthN/A
CountryIN
Employees146
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)0.89
Shares Outstanding27,304,398
10 Day Avg. Volume1,703
30 Day Avg. Volume2,130
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.77
Price to Sales (P/S)1.50
P/FCF Ratio-3.11
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
Ishan Dyes and Chemicals Limited Business Overview & Revenue Model
Company Description
Ishan Dyes and Chemicals Ltd. is an Indian firm engaged in the manufacturing, trading, importing, and exporting of chemicals essential for the dye and pigment industries. The company's product line features a comprehensive range of phthalocyanine ...
Ishan Dyes and Chemicals Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14B | 734.71M | 1.01B | 766.69M | 647.08M | 874.05M |
| Gross Profit | 255.19M | 33.95M | 189.37M | 129.17M | 115.63M | 280.05M |
| EBITDA | 213.98M | 69.04M | 93.84M | 58.03M | 29.81M | 173.34M |
| Net Income | 25.83M | -71.08M | 10.85M | 1.17M | -12.02M | 101.11M |
Balance Sheet | ||||||
| Total Assets | 2.72B | 2.56B | 2.22B | 1.79B | 1.31B | 1.14B |
| Cash, Cash Equivalents and Short-Term Investments | 136.00K | 65.42M | 2.57M | 1.60M | 2.73M | 2.70M |
| Total Debt | 968.40M | 918.73M | 920.93M | 594.34M | 224.25M | 187.83M |
| Total Liabilities | 1.24B | 1.14B | 1.18B | 764.49M | 280.93M | 287.29M |
| Stockholders Equity | 1.49B | 1.42B | 1.04B | 1.03B | 1.03B | 856.39M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -352.79M | -305.35M | -426.06M | -86.36M | -164.24M |
| Operating Cash Flow | 0.00 | 38.71M | 116.06M | -92.55M | 202.11M | -85.24M |
| Investing Cash Flow | 0.00 | -470.32M | -391.54M | -251.22M | -405.41M | -80.02M |
| Financing Cash Flow | 0.00 | 434.22M | 275.30M | 342.64M | 203.33M | 164.06M |
Ishan Dyes and Chemicals Limited Technical Analysis
Positive
51.00
Price Trends
46.66
Positive
51.01
Negative
55.32
Negative
Market Momentum
0.01
Negative
57.86
Neutral
66.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ISHANCH, the sentiment is Positive. The current price of 51 is above the 20-day moving average (MA) of 46.61, above the 50-day MA of 46.66, and below the 200-day MA of 55.32, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.86 is Neutral, neither overbought nor oversold. The STOCH value of 66.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ISHANCH.
Ishan Dyes and Chemicals Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹2.49B | 13.70 | ― | 0.13% | 12.41% | 51.78% | |
57 Neutral | ₹4.47B | 12.66 | ― | 0.40% | -0.60% | 96.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹3.91B | 19.20 | ― | 0.26% | 17.28% | -10.19% | |
43 Neutral | ₹1.35B | -15.75 | ― | 5.35% | 84.25% | ― | |
43 Neutral | ₹6.79B | -0.96 | ― | 1.26% | -69.03% | -3082.04% |
* General Sector Average
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Ishan Dyes and Chemicals Limited Corporate Events
Ishan Dyes and Chemicals Posts Unaudited Q2 and Half-Year FY2026 Results
Oct 26, 2026
Ishan Dyes and Chemicals Limited has reported its unaudited standalone financial results for the quarter and half year ended September 30, 2026. The results, prepared under Ind-AS 34 and reviewed by statutory auditor A R Sulakhe Co., were approve...
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.