INDGELA
India Gelatine & Chemicals financials
- Market cap
- ₹262 Cr
Quarterly results
Q1 FY27: revenue up 16.8%, net profit up 14.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 53 | 53 | 39 | 47 +10% | 45 −15% | 39 −27% | 46 +17% |
| EBITDA | 4 | 4 | 8 | 8 | 9 +133% | 8 +87% | 5 −33% | 9 +19% |
| Net profit | 3 | 4 | 6 | 7 | 6 +108% | 7 +99% | 4 −22% | 8 +14% |
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 +7.1% 1Y
1Y: ₹352.5 on 10 Sept 2025 → ₹377.5. High ₹411.3 (11 May 2026), low ₹297.2 (30 Mar 2026).
Financials, as filed
Revenue fell 9.2% a year over 2 years, FY24 to FY26. Operating margin held at 17.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹206 Cr | ₹199 Cr | ₹170 Cr |
| Operating profit | ₹35 Cr | ₹21 Cr | ₹29 Cr |
| Operating margin | 17.0% | 10.7% | 17.2% |
| Interest | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹5 Cr | ₹6 Cr | ₹5 Cr |
| Net profit | ₹28 Cr | ₹17 Cr | ₹25 Cr |
| Net margin | 13.8% | 8.8% | 14.8% |
| Cash from operations | ₹18 Cr | ₹21 Cr | ₹28 Cr |
| Free cash flow | ₹5 Cr | ₹9 Cr | ₹20 Cr |
| ROCE | 22.0% | 12.0% | 16.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹103 Cr | ₹108 Cr | ₹129 Cr | ₹147 Cr | ₹175 Cr | ₹186 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹8 Cr | ₹5 Cr | ₹4 Cr |
| Other liabilities | ₹17 Cr | ₹22 Cr | ₹33 Cr | ₹22 Cr | ₹24 Cr | ₹19 Cr |
| Total liabilities | ₹127 Cr | ₹136 Cr | ₹180 Cr | ₹184 Cr | ₹211 Cr | ₹217 Cr |
| Fixed assets | ₹40 Cr | ₹41 Cr | ₹60 Cr | ₹69 Cr | ₹61 Cr | ₹61 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹2 Cr | ₹2 Cr | ₹20 Cr |
| Investments | ₹34 Cr | ₹33 Cr | ₹43 Cr | ₹44 Cr | ₹68 Cr | ₹66 Cr |
| Other assets | ₹52 Cr | ₹62 Cr | ₹73 Cr | ₹70 Cr | ₹81 Cr | ₹70 Cr |
| Total assets | ₹127 Cr | ₹136 Cr | ₹180 Cr | ₹184 Cr | ₹211 Cr | ₹217 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 6% to 6,007.
- Promoters
- 69.0%
- DIIs
- 0.0%
- Public
- 30.9%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 61.4% to 69.0% — +7.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 61.4%, DIIs 0.0%, Public 38.5%.Dec '23: Promoters 61.4%, DIIs 0.0%, Public 38.6%.Mar '24: Promoters 61.4%, DIIs 0.0%, Public 38.6%.Jun '24: Promoters 61.4%, DIIs 0.0%, Public 38.5%.Sep '24: Promoters 61.4%, DIIs 0.0%, Public 38.5%.Dec '24: Promoters 47.3%, DIIs 0.0%, Public 52.6%.Mar '25: Promoters 61.5%, FIIs 0.6%, DIIs 0.8%, Public 37.1%.Jun '25: Promoters 69.0%, DIIs 0.0%, Public 30.9%.Sep '25: Promoters 69.0%, DIIs 0.0%, Public 30.9%.Dec '25: Promoters 69.0%, DIIs 0.0%, Public 30.9%.Mar '26: Promoters 69.0%, DIIs 0.0%, Public 30.9%.Jun '26: Promoters 69.0%, DIIs 0.0%, Public 30.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of India Gelatine & Chemicals Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashok Matches And Timber Industries Private Limited | 27.28% | unchanged |
| Pioneer Jellice India Private Limited | 19.71% | unchanged |
| Narmada Gelatines Limited | 14.14% | unchanged |
| Divyaprabha Chandrasinh Mirani | 7.75% | unchanged |
| Sangeetha S . | 2.81% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs - 2 | 2.04% | unchanged |
| Chandrasinh Hansraj Mirani HUF | 0.17% | 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.
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