AKSHARCHEM

AksharChem India financials

Market cap
₹340 Cr
Sector
Chemicals

What AksharChem India Limited does

AksharChem manufactures dyes intermediates, pigments and inorganic chemicals across two facilities in Gujarat: Mehsana (Vinyl Sulphone, H-Acid, CPC Green) and Dahej (Precipitated Silica). Vinyl Sulphone is a reactive dye intermediate used in textile dye manufacturing, with backward integration into H-Acid, another key dye intermediate. CPC Green pigment is used as a colouring agent in printing ink, rubber, plastics, paint and leather/tyre applications, while Precipitated Silica serves as a reinforcement additive in the tyre, rubber, agrochemical and food industries. Products are sold domestically and exported to over 30 countries across Europe, North America, the Middle East, Africa and Asia Pacific.

Segments

  • Vinyl Sulphone & H-Acid (Dye Intermediates)
  • CPC Green (Pigments)
  • Precipitated Silica (Inorganic Chemicals)
Manufacturing facilities
2 (Mehsana - Vinyl Sulphone, H-Acid, CPC Green; Dahej - Precipitated Silica)
Installed capacity - Precipitated Silica (Dahej)
18,000 TPA, up from 12,000 TPA after FY25 expansion
Installed capacity - Mehsana plant
Vinyl Sulphone 7,800 TPA; CPC Green 2,400 TPA; H-Acid 1,200 TPA
Precipitated Silica sales volume
11,911 MT (FY 2024-25), up from 10,204 MT (FY24) and 8,086 MT (FY23)
Export presence
30+ countries across Europe, North America, Middle East/Africa and Asia Pacific
Captive solar power capacity
94.50 kW
Founded 1989Headquarters Ahmedabad, Gujarat, India Company website

Quarterly results

Q4 FY26: revenue up 16.6%, net profit up 248.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue86 79 91 91 97 +13%89 +13%80 −11%106 +17%
EBITDA6 6 6 6 6 +3%2 −61%3 −54%5 −15%
Net profit1 1 1 1 1 −38%-1 −232%-5 −488%5 +248%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +52.3% 1Y

₹200₹300₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹278.05 on 10 Sept 2025 → ₹423.4. High ₹463.9 (7 Sept 2026), low ₹145.19 (30 Mar 2026).

Financials, as filed

Revenue grew 18.7% a year over 4 years, FY16 to FY26. Operating margin narrowed to 4.6%.

Year endingFY16FY23FY24FY25FY26
Revenue₹188 Cr₹335 Cr₹302 Cr₹346 Cr₹372 Cr
Operating profit₹32 Cr₹15 Cr₹2 Cr₹25 Cr₹17 Cr
Operating margin17.2%4.6%0.5%7.2%4.6%
Interest₹3 Cr₹3 Cr₹4 Cr₹5 Cr₹7 Cr
Depreciation₹4 Cr₹13 Cr₹14 Cr₹14 Cr₹17 Cr
Net profit₹17 Cr₹-1 Cr₹-19 Cr₹5 Cr₹-0 Cr
Net margin8.9%-0.3%-6.2%1.4%-0.1%
Cash from operations—₹38 Cr₹-7 Cr₹35 Cr₹2 Cr
Free cash flow—₹29 Cr₹-23 Cr₹-9 Cr₹-34 Cr
ROCE27.0%————
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr
Reserves₹271 Cr₹272 Cr₹270 Cr₹251 Cr₹254 Cr₹254 Cr
Borrowings₹15 Cr₹50 Cr₹25 Cr₹52 Cr₹75 Cr₹108 Cr
Other liabilities₹62 Cr₹76 Cr₹62 Cr₹70 Cr₹90 Cr₹82 Cr
Total liabilities₹356 Cr₹406 Cr₹365 Cr₹380 Cr₹427 Cr₹452 Cr
Fixed assets₹229 Cr₹231 Cr₹225 Cr₹235 Cr₹269 Cr₹287 Cr
Capital work in progress₹6 Cr₹16 Cr₹17 Cr₹11 Cr₹15 Cr₹8 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹120 Cr₹159 Cr₹122 Cr₹135 Cr₹144 Cr₹156 Cr
Total assets₹356 Cr₹406 Cr₹365 Cr₹380 Cr₹427 Cr₹452 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 13% to 11,715.

Promoters
62.7%
DIIs
0.1%
Public
37.3%

Since Jun 2025

  • Public +0.04 pp
  • FIIs −0.03 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 62.7%, FIIs 0.7%, DIIs 0.1%, Public 36.6%.Dec '23: Promoters 62.7%, FIIs 0.7%, DIIs 0.1%, Public 36.6%.Mar '24: Promoters 62.7%, FIIs 0.4%, DIIs 0.1%, Public 36.8%.Jun '24: Promoters 62.7%, FIIs 0.4%, DIIs 0.1%, Public 36.9%.Sep '24: Promoters 62.7%, FIIs 0.1%, DIIs 0.1%, Public 37.2%.Dec '24: Promoters 62.7%, DIIs 0.1%, Public 37.2%.Mar '25: Promoters 62.7%, DIIs 0.1%, Public 37.3%.Jun '25: Promoters 62.7%, FIIs 0.0%, DIIs 0.1%, Public 37.2%.Sep '25: Promoters 62.7%, FIIs 0.0%, DIIs 0.1%, Public 37.2%.Dec '25: Promoters 62.7%, DIIs 0.1%, Public 37.2%.Mar '26: Promoters 62.7%, DIIs 0.1%, Public 37.2%.Jun '26: Promoters 62.7%, DIIs 0.1%, Public 37.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of AksharChem India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Mrugesh Jaykrishna Family Trust - 2 38.87%unchanged
Munjal M. Jaykrishna Family Trust 19.87%unchanged
Chelsea Marketing LLP 3.95%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 2.56%unchanged
Tarak V Vora 2.31%unchanged
DIC Corporation 2.07%unchanged
Pravinaben Vora 1.55%unchanged
Skyjet Aviation Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth the price implies
41.9% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹423.4 Cyclical — a peak-earnings base overstates value

Change the assumptions yourself →

Learn to analyse AksharChem India Limited

Guides on how to read this kind of business and the numbers that matter.