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Ishan Dyes & Chemicals Limited (531109) Fair Value & Analysis

Basic Materials · IN · Market cap ₹657M

ID Ishan Dyes & Chemicals Limited 531109 · BSE
Price₹56.36
Fair Value₹59.64
Upside+5.8%
Quality23/100
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Evidence: Low Range ₹44.51 – ₹89.01

Fair value as of: Jul 4, 2026

From 2 valuation models · updated today

Share price −6.3% over the past month.

Price vs Fair Value (12 months)

₹81.83 ₹46.36 Fair Value ₹59.64 Jul 2025 Jul 2026

12‑month range ₹46.36 – ₹81.83 · fair‑value band ₹44.51 – ₹89.01 · the ₹56.36 price screens below the ₹59.64 fair value. As of Jul 4, 2026.

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Analysis

Ishan Dyes & Chemicals Limited (531109) currently trades at ₹56.36, while our model-based Fair Value estimate is ₹59.64 — implying the stock looks roughly 5.8% undervalued today. We read business quality at 23/100 (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. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹772M
Revenue growth (YoY) -28.5%
Net margin 11.2%
Free cash flow −₹306M FY2026
P/E ratio 6.8
Operating margin 14.5%
More key figures
EPS (TTM) ₹5.38
Dividend yield 2.4%
EPS growth (YoY) -7.0%
Net debt ₹899M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

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.

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.

Revenue −4.2%/yr
FY22 ₹874M
FY23 ₹647M
FY24 ₹767M
FY25 ₹1.0B
FY26 ₹735M
Net income
FY22 ₹101M
FY23 −₹12.0M
FY24 ₹1.2M
FY25 ₹10.8M
FY26 −₹71.1M

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Frequently asked questions

Is Ishan Dyes & Chemicals Limited (531109) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹59.64 versus a price of ₹56.36 — about +6% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 531109?
Our model-based fair value for Ishan Dyes & Chemicals Limited is ₹59.64 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹56.36.
What is the quality score of 531109?
Ishan Dyes & Chemicals Limited has a Quality Score of 23/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ishan Dyes & Chemicals Limited (531109)?
Ishan Dyes & Chemicals Limited reported trailing-twelve-month revenue of about ₹772M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 531109?
The net profit margin of Ishan Dyes & Chemicals Limited is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.
Does Ishan Dyes & Chemicals Limited pay a dividend?
Ishan Dyes & Chemicals Limited currently shows a dividend yield of about 2.40% relative to its recent price (as of Jul 4, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.