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Ishan Dyes and Chemicals Limited (ISHANCH) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.5B

ID Ishan Dyes and Chemicals Limited ISHANCH · NSE
Price₹56.18
Fair Value₹34.88
Upside-37.9%
Quality25/100
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Evidence: Low Range ₹26.03 – ₹52.06

Fair value as of: Jul 3, 2026

From 4 valuation models · updated yesterday

Share price −5.2% over the past month.

Price vs Fair Value (12 months)

₹80.26 ₹46.07 Fair Value ₹34.88 Jul 2025 Jul 2026

12‑month range ₹46.07 – ₹80.26 · fair‑value band ₹26.03 – ₹52.06 · the ₹56.18 price screens above the ₹34.88 fair value. As of Jul 3, 2026.

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Analysis

Ishan Dyes and Chemicals Limited (ISHANCH) currently trades at ₹56.18, while our model-based Fair Value estimate is ₹34.88 — implying the stock looks roughly 37.9% overvalued today. We read business quality at 25/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Over the trailing twelve months, Ishan Dyes and Chemicals Limited generated revenue of ₹735M at a net margin of -9.7%. Revenue grew 89.8% year over year. It earns a return on equity of -5.8%. Net debt stands at ₹899M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹735M
Revenue growth (YoY) +89.8%
Net margin -9.7%
Return on equity -5.8%
Free cash flow −₹353M FY2026
Operating margin 11.1%
More key figures
EPS (TTM) ₹-3.00
EPS growth (YoY) -66.7%
Net debt ₹899M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Ishan Dyes and Chemicals Limited manufactures, trades, exports, imports, and deals in chemicals used in dyes and pigments in India. The company offers phthalocyanine blue range of products like copper phthalocyanine crude blue, solvent dye, and pigment alpha, beta blue. Its products are used in paints, textiles, inks, plastics, rubber and other industries. The company was incorporated in 1993 and is based in Ahmedabad, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Ishan Dyes and 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 ₹10.9M
FY26 −₹71.1M

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Frequently asked questions

Is Ishan Dyes and Chemicals Limited (ISHANCH) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹34.88 versus a price of ₹56.18 — about −38% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ISHANCH?
Our model-based fair value for Ishan Dyes and Chemicals Limited is ₹34.88 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹56.18.
What is the quality score of ISHANCH?
Ishan Dyes and Chemicals Limited has a Quality Score of 25/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ishan Dyes and Chemicals Limited (ISHANCH)?
Ishan Dyes and Chemicals Limited reported trailing-twelve-month revenue of about ₹735M (latest available figure, as of Jul 3, 2026).
What is the net profit margin of ISHANCH?
The net profit margin of Ishan Dyes and Chemicals Limited is about -9.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.