Ishan Dyes & Chemicals Limited (531109) Fair Value & Analysis
Basic Materials · IN · Market cap ₹657M
Fair value as of: Aug 13, 2026
From 2 valuation models · updated 5 days ago
Below-average quality, screening 36% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (16/100). That raises the risk this is a value trap rather than a bargain.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (₹48.20 to ₹96.42) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹34.76 – ₹169.05 · fair‑value band ₹48.20 – ₹96.42 · the ₹47.50 price screens below the ₹64.60 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ishan Dyes & Chemicals Limited (531109) currently trades at ₹47.50, while our model-based Fair Value estimate is ₹64.60, implying the stock looks roughly 36.0% undervalued today. The Quality Score stands at 16/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, Ishan Dyes & Chemicals Limited generated revenue of ₹772M at a net margin of 11.2%. Revenue declined 28.5% year over year. Net debt stands at ₹899M. The stock trades on a trailing P/E of 6.8 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹48.20 (bear case) to ₹96.42 (bull case); at ₹47.50, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 43% below its 52-week high and 7% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -62% fair-value upside, at 36%, 531109 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Asset-Based (₹59.64) versus Multiples (₹3.16). Highest evidence: EV/EBITDA (54).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 16 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ishan Dyes & Chemicals Limited manufactures, trades in, and imports chemicals used in dyes and pigment. It offers copper phthalocyanine blue crude, solvent dye, and pigment alpha and beta blues. The company also exports its products. Ishan Dyes & Chemicals Limited was founded in 1993 and is based in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ishan Dyes & Chemicals Limited reported revenue of ₹735M in FY2026 versus ₹874M in FY2022, a compound −4.2%/yr. Reported net income was −₹71.1M in FY2026.
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Peer Group
Basic Materials · 179 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Chemicals - Major Diversified” was too small, so the broader sector is used.)
Valuation Multiples vs Basic Materials median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Chemicals - Major Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF India Limited 500042 | ₹3,990 | ₹1,527 | -62% |
| Rain Industries Limited 500339 | ₹214.05 | ₹21.49 | -90% |
| NOCIL Limited 500730 | ₹163.00 | ₹93.31 | -43% |
| GHCL Limited 500171 | ₹428.60 | ₹479.96 | +12% |
| Bhansali Engineering Polymers Limited 500052 | ₹120.65 | ₹119.36 | -1% |
| Uniphos Enterprises Limited 500429 | ₹96.00 | ₹164.02 | +71% |
| Diamines and Chemicals Limited 500120 | ₹240.30 | ₹47.45 | -80% |
| Lords Chloro Alkali Limited 500284 | ₹137.75 | ₹41.77 | -70% |
| Universal Starch-Chem Allied Limited 524408 | ₹199.60 | ₹26.59 | -87% |
| Laffans Petrochemicals Limited 524522 | ₹28.50 | ₹8.78 | -69% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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