ISHANCH · Ishan Dyes and Chemicals Ltd · Chemical Manufacturing
ISHANCH · Ishan Dyes and Chemicals Ltd · Chemical Manufacturing
As of 06 Nov close
52-week range
41.9% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹41 Cr
Revenue YoY
PAT YoY
-46.7%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.9
P/S (TTM)
1.2
Sector P/E
20.6
Dividend yield
0.0%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ISHANCH (this stock) | 50 | 0.9 | -7.3% | -5.1% | 0.64 | 0.0% |
| Asian Paints | 53 | 11.1 | +12.8% | +22.3% | 0.18 | +1.1% |
| Solar Industries India | 99.6 | 26.6 | +17.6% | +31.4% | 13.68 | +0.1% |
| Pidilite Industries | 61.3 | 19.4 | +17.2% | +24.4% | 0.04 | +0.7% |
Promoter
stable
FII
Not available from data source
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-08-19 | ISHANCH | 147322 | 1 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedIshan Dyes and Chemicals Limited reported a challenging financial year ending March 31, 2026, marked by a 27.60% decline in total revenue and a 28.92% drop in EBITDA compared to the previous year. The company incurred a loss before tax of INR 496.20 Lakhs and a loss after tax of INR 710.85 Lakhs, leading to no dividend declaration for the year. Management highlighted external factors such as increased input costs, inflation, and global events like the Russia-Ukraine war as key challenges. The report noted ongoing efforts in modernizing plant and factory infrastructure to improve efficiency and cost savings, with management planning to commence a new chemical intermediates plant by the end of FY 2025-26. The company emphasized its commitment to corporate governance, risk management, and sustainability initiatives, including a CSR policy focused on rural development and environmental sustainability.
- The company faced significant financial challenges due to increased input costs, inflation, and global events like the Russia-Ukraine war.
- Management highlighted efforts to modernize plant and factory infrastructure to improve efficiency and cost savings.
- Management plans to commence a new chemical intermediates plant by the end of FY 2025-26.
- Emphasis on corporate governance, risk management, and sustainability initiatives, including a CSR policy focused on rural development and environmental sustainability.
Key takeaway: Ishan Dyes and Chemicals Limited faced significant financial challenges in FY2025-26 due to increased input costs, inflation, and global events, but management is focusing on modernization efforts and new plant initiatives to improve efficiency and long-term growth.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (1 item); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceRecent (last 12 months)
The auditor issued a qualified opinion on the financial statements of Ishan Dyes and Chemicals Limited as of March 31, 2026.
Regulatory Action
1 occurrenceRecent (last 12 months)
The company's Board of Directors composition did not comply with SEBI LODR Regulations 2015 for two days, as half of the directors were not independent. The company paid the fine imposed by BSE and NSE.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
Ishan Dyes and Chemicals Limited has defaulted in repayment of loans and borrowing or in the payment of interest thereon during the year, with multiple instances of principal and interest defaults across various lenders including HDFC Bank Limited, The Kalupur Commercial Co-op. Bank Ltd., and Bajaj Finance Limited.
Earlier (1-3 years ago)
The company has undisputed statutory dues in arrears for more than six months as of March 31, 2025, including Income Tax (Rs. 215.38 Lacs for AY 2013-14) and GST (FY 2018-19), with disputes pending before the Commissioner of Income Tax (Appeals) and Commissioner (Appeals), Central GST & Central Excise, Ahmedabad.
Routine disclosures
Internal Control Weakness
1 occurrenceRecent (last 12 months)
Ishan Dyes and Chemicals Limited has a material weakness in its internal financial controls related to the impairment assessment of financial assets under Ind AS 109, as identified in the audit report dated March 31, 2026.
Contingent Liability
2 occurrencesRecent (last 12 months)
Ishan Dyes and Chemicals Limited has pending statutory demands aggregating Rs. 2,475.80 Lakhs, including Income-tax, GST, Customs duty, and interest under the MSMED Act, disputed and pending before various appellate and adjudicating authorities.
Earlier (1-3 years ago)
The company has contingent liabilities including a tax demand of Rs. 215.38 Lakhs for AY 2013-14 and a GST demand of Rs. 453.22 Lakhs for FY 2018-19, with the latter partially addressed by a pre-deposit for appeal.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has disclosed related party transactions with individuals and entities including Mr. Piyush N Patel, Mrs. Anilaben P Patel, and Cluster Enviro Private Limited, with financial details provided for the years ended March 31, 2026 and 2025.
Earlier (1-3 years ago)
The Company has disclosed transactions of Loans and Advances between itself and its Directors/Relatives of Directors in Note No. 42 (Related Party Transactions) of the Financial Statements.